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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Tourists to Spain Spent 2 Million More Overnights Stays in September 2023 Than Last Year
The latest data from the National Institute of Statistics of Spain (INE) reveal that overnight stays in the country’s hotel establishments increased by 5.8 per cent in September of this year compared to the same month in 2022…
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Austria Witnessed 72.3 Million Overnight Stays During Summer Season 2023
Austria saw 72.3 million overnight stays in its accommodation establishments from May to September of this year, data from Statistics Austria reveal…
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Slovenia Records 1.6 Million Overnight Stays in September, 8% More Than Last Year
Data from the Statistical Office of Slovenia revealed that September of this year recorded approximately 668,000 arrivals in tourist accommodation establishments and nearly 1.6 million overnight stays…
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Displaced citizens fill hotels as Israel tourism grinds to a halt
Israel's resort town of Eilat, normally teeming with divers, beachgoers and travelers en route to Petra, is today full of displaced Israelis from parts of the country that have been under attack during the ongoing war with Hamas…
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Hotelbeds launches new group brand
Hotelbeds has launched its new group brand, HBX Group…
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Indian Hotels Company net profit rises 37% in Q2
Q2 net profit stood at ₹167 crore, compared to ₹121.5 crore last year - Indian Hotels Company Limited (IHCL), which owns and operates Taj hotels, posted its sixth consecutive strong performance with 37 per cent year-on-year growth in net profit in…
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The occupancy rate also fell by 12 percent in the January-September period compared with the first nine months of 2022 to 59 percent, she added. The average daily rate (ADR) at Turkish hotels dropped by 1.5 percent from September 2022 to 139 euros…
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The strong demand for high-quality hospitality in the Middle East, coupled with the positive business momentum, to drive Shangri-La’s performance…
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Hotel prices raise the ceiling
HOTEL prices have soared in Andalucia with Marbella leading the way. The hotel sector is experiencing a significant increase in prices, pushing the region to the centre of luxury and exclusivity in tourism…
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Macau to see hotel occupancy rate exceeding 90 pct during Grand Prix
Macau tourism authorities expressed strong confidence on Monday that the hotel occupancy rate during the upcoming Macau Grand Prix event will surpass 90 per cent…
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Castlemartyr and Gresham hotels make strong post covid-19 recoveries as revenues surge
Castlemartyr recorded revenues of €12.45m for last year compared €7.11m for the prior nine-month period in 2021…
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