DidaTravel outperforms Chinese hotel market recovery
DidaTravel achieves 40% YTD growth in hotel sales, outpacing China’s market recovery. Exceptional inbound growth at 124% emphasizes China’s allure and Dida’s market capture.
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Taylor Swift is single-handedly giving a boost to hotel industry revenue
Taylor Swift is providing a gold rush for the hotel industry. The “Cruel Summer” singer’s attention-grabbing “Eras” tour has pushed up revenue for hotels in cities across the U.S., according to data from investment firm Bernstein…
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Reinforcing tailwinds: Cashing in on PHL hotel sector’s recovery
Colliers Insights - REVENGE spending, dining, and travel continue to lift the country’s tourism sector…
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Hotel Operator Beat H1 2023 - Czech Republic
Prague in the centre of hotel operators' interest, its performance above pre-pandemic levels
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4 new trends shaking up business travel in South Africa
Global travel analysts have highlighted that South Africa’s corporate travel scene has changed due to a combination of post-pandemic challenges, load shedding, and rising inflation…
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Travelodge hotels sold out for Taylor Swift’s 2024 UK Eras tour
Hotel chain says rooms in Edinburgh, Liverpool and Cardiff already fully booked ahead of pop star’s summer performances.
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Concerned hospitality officials urge visitors to come to Maui
With massive cancellations and occupancy plummeting, hospitality leaders in Hawaii are putting the word out that hotels and resorts untouched by the West Maui wildfires remain open and eager to welcome guests…
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HOTELS IN THE U.K ARE REBOUNDING TO PRE-PANDEMIC LEVELS
U.K. hotels are amid a post-pandemic recovery, a Knight Frank study reveals…
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Canada hotel ADR and RevPAR reached record-highs in July
Among the provinces and territories, Newfoundland and Labrador recorded the highest July occupancy level (87.9%), which was 5.0% above 2022.
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LOWER-THAN-EXPECTED summer demand will affect U.S. hotel performance, resulting in a second quarter RevPAR shortfall, according to CBRE…
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San Diego tourism is surging. Hotel sales are plunging. What gives?
Statewide, the decline in hotel sales so far this year is the steepest drop in two decades as lenders shy away from financing multi-million-dollar transactions.
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U.S. Hotels State of the Union - Short-Term Rentals Appear to Be Taking Share from Hotels
CBRE U.S. Hotels State of the Union August 2023 Edition
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Hotel revenues in Oman rise by 32% to OMR110mn
Muscat: The revenues of 3-5-star hotels in Oman stood at OMR110 million as of the end of June 2023, up by 32 per cent over the corresponding period in 2022…
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Indonesia ups hotel demand as it smashes tourism targets
According to the southeast Asian country’s Ministry of Tourism and Creative Economy, the nation smashed its target of attracting 3.6 million tourists in 2022, reaching 5.9 million – exceeding its objective by 64%…
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Marriott lifts annual profit forecast on China rebound
Aug 1 (Reuters) - Marriott International (MAR.O) raised its full-year profit forecast on Tuesday, as the U.S. hotel operator bets on higher room rates and rebounding demand in China to boost earnings.
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WYD: Hotels in Lisbon with a high occupancy rate
According to ECO, that in regard to WYD the hotel sector meets "expectations", namely with regard to hotels up to 4 stars, and says that prices are "slightly higher" compared to the same period last year…
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Irish hotels see spike in bookings and prices following Mediterranean wildfires
The average price of a hotel room in Dublin already hit record highs in May. Irish hotels have seen a spike in last-minute bookings in response to the scorching temperatures and wildfires being endured by large parts of the Mediterranean…
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