NAHA, Japan -- Miyakojima, in Japan's Okinawa prefecture, finds itself in the middle of a real estate frenzy as investors pour money into hotels and resorts in anticipation of a tourism boom as the COVID-19 pandemic subsides…
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Hilton Hotel: Nine investors show interest
Nine investors have responded to a proposal forwarded by the the Government acting through the Ministry of Finance, Economic Stabilisation and National Policies when Expressions of Interest (EOI) from potential investors for the acquisition of…
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Surge in pent-up demand drives rise in occupancy rates and room rates. The proportion of midrange and prime hotels, which are more profitable, is up after budget brands took the brunt of pandemic closures, analysts say…
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Doyle hotel group reports surge in profits due to ‘steady growth’ in business post Covid
Profits and income almost trebled for the Doyle Collection during 2022 as pandemic-related lockdown restrictions were lifted at its hotels in Ireland, the UK and the US…
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Rapid Expansion of Hotels in Athens Signals Growing Tourism Boom
New hotels are growing rapidly in Athens, particularly in the historic centre. In an area encompassing Koukaki, Syntagma Square, Omonia, and Monastiraki, there are now over 350 hotels boasting more than 30,000 rooms…
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New Metrics in Hotel Public Area Design
In retrospect the pandemic did not impact materiality and capacity planning in a way that many thought it would in hotel public area design…
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Oman sees hotel revenue rise by 26.4% thanks to European-led tourist surge
RIYADH: European travelers to Oman helped fuel a 26.4 percent rise in hotel revenue in the first nine months of 2023, official data has revealed…
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Dubai Airshow and COP28 push hotel bookings
WASHINGTON – Dubai’s hotel industry has seen a noticeable jump in occupancy on the books as the market prepares to host the Dubai Airshow and COP28, according to CoStar‘s Forward STAR data…
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Dinner tonight? Restaurant industry hits record turnover in Denmark during 2023
Denmark’s restaurants are doing a roaring trade, while huge numbers of new hotels are opening and tourists are pouring in…
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September heatwave boosts hotel demand
ADR and RevPAR increased to near pre-pandemic levels for both London and across the country as people made the most of the Indian summer…
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Expedia Group Reveals the Travel Trends Poised to Shape 2024
Expedia Group—which includes popular travel brands such as Expedia, Hotels.com and Vrbo—has unveiled Unpack '24, a comprehensive analysis revealing what’s motivating travelers and where they’re going next year…
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Hyatt CEO excited about growth possibilities for all-inclusives
CANCUN, Mexico -- The Apple Leisure Group acquisition in 2021 has been a transformative one for Hyatt, catapulting the company into the all-inclusive space…
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Hyatt Hotels Corp. President and CEO Mark Hoplamazian said the company is benefiting from strong demand across different demand segments, with signs that both business travel and groups are coming back strong…
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Gen Z shapes hospitality towards a more digital and environmentally aware industry
As of now, Baby Boomers are still the biggest spenders in tourism. However, Gen Z is catching up and will continue to do so as they start or advance in their career…
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Consumer sentiments and the thriving face of hospitality industry
Customers are looking for businesses committed to protecting the environment with sustainable practices - RevPAR is expected to remain at a 20-25% discount to the FY2008 peak…
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Expedia CEO Sees Few Signs of Travelers Slowing, Trading Down
Online Travel Agency Completes Multiyear Migration of Brands, Loyalty Program - Overall travel demand remained solid during the third quarter with little sign of consumers pulling back, Expedia Group’s chief executive said…
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EU sees increase of tourist bed places in 2022
In 2022, the EU had an estimated total of 28.9 million bed places available across more than 620 000 tourist accommodation establishments. Data showed a complete recovery in terms of tourism accommodation offers in 2022…
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The hotel occupancy rate is only 45%. Is there room for increase?
That’s how it’s held administration General Manager of Peruvian Hotel Association (SHP), Tibisay MonsalviPointing out that this situation responds to a series of factors that have occurred since the beginning of the year and are still present…
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