Tourism marketing body takes rosy view as hotel rates rise, conferences bound back
But tourism is operating in a “complex landscape,” where everything from interest rates to inflation and global events can have an influence…
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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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4 key trends shaping the local hotel industry in South Africa
According to Robert Chifunyise, the General Manager at The Catalyst Hotel by Newmark, 2023 brought forth transformative trends that shaped South Africa’s hospitality sector that will also continue to redefine the industry further in 2024…
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Hotels record highest brand penetration in a decade, but demand may face challenge in India
Top-branded hotels are increasing their supply of rooms, but hotel chains could witness some demand squeeze as the inflow of foreign tourists is not back to pre-COVID levels, while in some metro markets, occupancies are lower due to pressure in the…
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Central bank - Foreign tourists spend €1.2 billion in Estonia in 2023
Nearly 4 million foreign tourists visited Estonia in 2023, spending a combined €1.23 billion while in the country, according to the latest statistical release published by the Bank of Estonia…
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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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What Happens at Hotels When Laws Restrict Airbnbs?
In New York, small and budget hotels — competitors to short-term rentals — raised prices. What business owner hasn’t had this dream: Government steps in and constrains the competitor that has been beating your brains out for years…
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Hotel Investing Remains Cheap as Sector’s Recovery Continues, per Analyst
Morgan Stanley’s Bluhm notes that lodging deal activity is picking up amid lowering rates…
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Gaza war paralyses Israeli tourism for third year
In Israel's biblical city of Nazareth, the basilica is empty, restaurants and shops that usually thrive on Christian pilgrims are closed, and many hotels have been shut for months…
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Tourists and business travellers alike hit the road again last year, boosting demand for hotel rooms by 11 per cent Canada wide…
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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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Hilton is reported to be looking at acquiring the Graduate Hotels brand
Hilton Worldwide (NYSE:HLT) is in talks to buy the Graduate Hotels brand, according to a Bloomberg report. Sources indicated that the deal for the brand would not include the real estate assets…
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Hotel prices rise most in Antalya last year
Antalya, Türkiye’s famous holiday destination, led the increase in hotel prices last year, according to the data from the Hotel Association of Türkiye (TÜROB)…
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MACAU HOTEL OCCUPANCY IN 2023 GROWS TO 81.5% AMID SURGE IN VISITORS ARRIVALS
Hotel occupancy in 2023 went up by 43.1 percentage points year-on-year to 81.5% amid economic recovery following border reopening in January 2023…
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Return-to-office traffic is fueling a catering boom in 2024
Chains like Cracker Barrel, BJ’s and Wings & Rings will continue to lean into the profitable channel this year after seeing double-digit growth in 2023. From office settings to private events, catering demand is growing dramatically…
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THAILAND’S HOTEL INDUSTRY WILL ADD 10,000 ROOMS BY 2024
The Thai hotel industry is expected to grow by around 10,000 new rooms in 2024, according to Jasper Palmqvist, senior director for Asia Pacific at STR Global, a global provider of data, analytics, and marketing for the hospitality industry…
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Thai hotel investments accelerate and Inflows approach pre-pandemic levels
Hotel investment in Thailand is ramping up at the same rate as prior to the pandemic, driven by more hotel conversions and an increase in lending among banks, based on an optimistic tourism industry, according to hospitality consultant C9…
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