Largest Hotel Chains in the World by Number of Properties, 2024
The CEOWORLD magazine team conducted a thorough analysis of hotel data to identify the largest hotel chains in the world based on the number of properties they have. To determine the biggest hotel brands, the team used the total number of properties…
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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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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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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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Olympic Night will see exorbitant hotel prices in Paris
As the Olympic Games for 2024 draw near, hotels in Paris decide to increase their rates. The hotel rates will surge exponentially during opening night for Olympic games in Paris…
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50%-75% decrease in hotel occupancy rates after Gaza war
A recent report by the World Bank, regarding the Israeli Occupation’s aggression against the Gaza Strip, revealed that the potential economic impacts on the Jordanian economy will be significant as the war widens, directly affecting the tourism…
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Saaremaa paradox: Number of island visitors growing while hotels report slump
The people of Saaremaa are trying to figure our where visitors to their island go after disembarking from the ferry. Passenger numbers are up, while accommodation providers are talking about a lean year…
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While the April 2024 total solar eclipse is still four months away, for those who’ve waited to plan a trip to the path of totality, they may find it difficult to find accommodations, particularly at an affordable rate…
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Tokyo claims Asia’s priciest rooms, sets luxury standard
Asia’s hotel occupancy has continued its upward trajectory in 2023, with global growth in occupancy nearing typical levels across major gateway markets…
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Hospitality sector records improved rooms' yield as occupancy jumps in October
Qatar's hospitality sector witnessed improved rooms' yield in October 2023 on an annualised basis on higher occupancy, according to the Planning and Statistics Authority (PSA). The growth in revenue-per-available room came largely due to the…
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MGM Resorts booked all-time hotel revenue record during Las Vegas Formula 1 weekend, says CFO
MGM Resorts has revealed that last week’s Las Vegas Formula 1 Grand Prix weekend was the highest grossing weekend for hotel revenue in the company’s history…
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Macau hotel occupancy rate hits 82.8% in October, led by 5-star hotels
The average occupancy rate of Macau’s hotel rooms grew by 41.1 percentage points year-on-year to reach 82.8% in October, also improved from the 78.6% rate notched in August…
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Hotel rate increases may have ‘plateaued’
The increases in global hotel rates seem to have “plateaued” across most regions, according to analysis of the latest industry figures…
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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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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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