ETIHAD REPORTS JANUARY 2024 TRAFFIC STATISTICS
Etihad Airways, the national airline of the United Arab Emirates, has published its preliminary traffic statistics for January 2024…
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Scottish hotel market records £310 million in transactions
Scotland saw hotel transaction volumes (sales of £1 million+) reach £310m in 2023, up 98% on 2022’s figure of £156m, according to Savills…
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ASIA, TOTAL EXTENDED-STAY HOTELS ACHIEVED FOURTH QUARTER MILESTONES IN 2023
TOTAL EXTENDED-STAY HOTELS achieved new fourth-quarter milestones in 2023, setting records in supply, demand, ADR, RevPAR, and room revenues, according to The Highland Group…
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U.S. hotel profitability gains led by full-service chains, major markets
Overall, 14 of the top 25 markets reported double-digit increases in GOPPAR. Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S…
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Norwegian soars: 1.3M December passengers, expansion In 2024
During December, Norwegian experienced a surge in passenger numbers, exceeding 1.3 million travelers with a robust load factor of 83.6%, marking a significant 6 percentage point rise from December 2022…
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So-called affordable luxury is what best defines the current demand for global travel.
ASAP Tickets has released the findings of its recent consumer travel habits survey, revealing the most popular in-flight amenities and main factors that influence travelers’ flight preferences. Despite the overall increase in travel costs, 93% of…
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Active GCC hotel development pipeline now equal to 40% of existing room supply
According to new research commissioned by Arabian Travel Market (ATM), and conducted at the end of September 2022 by hotel market intelligence and global benchmarking company STR, the GCC region now has over 170,000 hotel rooms under active…
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HOTEL FINANCIAL PERFORMANCE INFLUENCED BY CHANGES IN F&B OFFERINGS
Beverage venue revenues, public-room rental and A/V revenue saw greatest POR revenue change - THE 2020 COVID-influenced lodging industry recession resulted in some noticeable changes to the way hotels provide F&B service…
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Lagos Implements Digital Revenue Collection for Hotels and Restaurants
The digitalization of the procedure for collecting the hotel occupancy and restaurant consumption taxes from owners of the state’s facilities—hotels and restaurants—has been announced by the Lagos State Internal Revenue Service…
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17 IMPORTANT BUSINESS TRAVEL STATISTICS IN 2023 (U.S. & WORLD)
You may have thought the global pandemic ended the need for business travel. It’s certainly true that a great deal of meetings were conducted virtually…
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70+ Stunning Online Travel Booking Statistics (2023 Figures)
Traveling provides unique experiences and memories. With numerous travel choices in today’s world, online trip booking has become an overload. And that’s what makes these intriguing online travel booking statistics…
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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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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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Accor raises outlook again after another strong post-pandemic summer
Europe's biggest hotel group Accor on Thursday raised its core profit target for 2023 for the second time this year, citing positive business momentum in all of its markets after another strong post-pandemic summer…
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Hilton's revenue rises by 12%, beat estimates on record lodging prices
Hilton Worldwide Holdings beat Wall Street estimates for third-quarter revenue and lifted its annual forecast on Wednesday, as record lodging prices and higher occupancy levels boosted results. The U.S…
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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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