San Francisco's glitzy hotels have been plunged into massive debt following a dramatic drop off in tourism to the Golden Gate City.
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China unleashed: Outbound travel from China surges by close to 400%
The travel industry has been waiting, waiting for Chinese travelers to return to the global tourism stage in a significant way, while there was some recovery in 2023, outbound travel from China remained largely in the role of supporting actor rather…
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International tourism reached 97% of pre-pandemic levels in the first quarter of 2024
International tourist arrivals reached 97% of pre-pandemic levels in the first quarter of 2024. According to UN Tourism, more than 285 million tourists travelled internationally in January-March, about 20% more than the first quarter of 2023…
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Condé Nast Traveller Announces Its Global 2024 Hot List
Condé Nast Traveller US, UK, Spain, India, and Middle East jointly announce their annual Hot List, crafted by our global team of editors, who spent the past year visiting and vetting the honorees.
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2024 investment volumes for European hotels to be significantly ahead of last year, says Savills
According to Savills latest research, investment volumes for European hotels this year are expected to significantly surpass 2023’s numbers.
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NYC fines hotel company $1.2M over illegal short-term rentals
A hotel company accused of reaping millions of dollars from nearly 70 illegal short-term rental units in Manhattan and Brooklyn will pay a $1.2 million fine to New York City as part of a settlement filed in state Supreme Court on Monday…
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What will be the biggest cocktail trends of 2024?
You might not be able to ignore the rise of coffee cocktails, a resurgence of homegrown brands and a big return to no and low-alcohol drinks…
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The new normal, travel companies temper expectations for 2024
The buzzword from travel companies for 2024 is "normal."…
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ITB Berlin 2024 will revolutionise travel and hospitality industry with technology
ITB Berlin 2024, the world’s leading B2B travel trade show since 1966, is set to redefine the travel and hospitality industry from 5 to 7 March 2024…
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Marriott CEO Anthony Capuano on what lies ahead for the world's biggest hotelier
Last year was an exceptionally busy one for Marriott International. In addition to enjoying robust net rooms growth, Marriott closed on its acquisition of Mexico's City Express brand, which marked Marriott's foray into the midscale space…
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Hotel Industry Investors Cheer Expected Rate Cuts and Improving Fundamentals in 2024
Insurance Costs and Lack of International Travelers Dampen Profitability Expectations - As owners, investors and operators met in Los Angeles for the Americas Lodging Investment Summit, a healthy dose of optimism permeated the conference halls and…
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7 Beverage Alcohol Trends for 2024
Trend picks and predictions for 2024 began rolling in late last year, and we’ve poured over numerous reports. One thing everyone seems to agree on: No-/lo-alcohol drinks are here to stay…
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Paris Hotels Triple Rates for 2024 Olympics - Opener, Study Finds
Hotels in Paris are tripling their prices to over €1,000 on average for the opening night of the 2024 Olympic Games, according to a study by consumer organisation UFC-Que Choisir…
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Breaking Down US Hotel Industry’s Year-End Figures, 2024 Outlook
The U.S. hotel industry is gearing up for a robust year ahead, with a notable surge in construction projects and renovation activities. Fresh insights from Lodging Econometrics (LE) highlight the burgeoning growth trajectory of the sector…
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Executive view: Shannon Stowell, CEO of Adventure Travel Trade Association
On balance, we feel good about the outlook for 2024. The Americas continue to be strong. Europe still feels really strong. Asia feels a little behind, and destinations that rely heavily on Chinese travelers haven't fully come back…
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Eco-Luxury Travel: The New Trend in High-End Tourism
Luxury travel has traditionally been associated with extravagance and opulence. However, in recent times, a significant shift towards ecological awareness is redefining this sector…
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How AI Turbocharges Attribute-Based Shopping, Enabling Hotels to Increase Revenue and Profitability
Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS)…
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Executive view: Bjorn Bender, CEO of Rail Europe
We are bringing people from countries around the globe to Europe to use trains, either point-to-point or as part of a package, combined with hotels and flights…
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