Hotels expect Christmas holiday season will be the best in 10 years
The hotel sector is expecting average occupancy of 70% during the Christmas vacation season, which would be the highest level in the past decade.
External Articles
Petra Sees More Visitors In November As Hotels Cite 70% Rise In Occupancy Rates
This year saw the "best" November in the history of Petra in terms of number of visitors, according to officials.
2018 Has Been A "Normal" Year For Hotel Transactions
Despite average room rates in Dublin reaching a record €155.75 while occupancy rates reached 89.6% and revenue per available room (RevPAR) rose 9.7% to €139.51, 2018 has reportedly been a "normal" year for hotel transactions in the wake of several years of strong turnover in the hotel investment market from distressed Nama-driven sales.
Hospitality And Tourism Leaders Are Confident Of The Future
Tourism and hospitality leaders are so confident of meeting industry job growth targets that they are already turning their focus towards setting new projections for the next decade.
Why Napa's Hotel Occupancy Is Up By Double Digits For October
New figures show how much impact the October 2017 North Bay wildfires had on Napa County hotel revenues afterward.
Hotel Demand Growing Twice The Rate Of Supply In India, Says Report
Indian hospitality sector is expected to witness an exponential growth over the next three years, with the branded hotel chains set to see a 50 percent growth in their capacities by 2022, on the back of rising demand hugely outstripping current supply, a recent PwC report has said.
Hotel Occupancies, Rent Growth Remain Strong, with a Positive Outlook for 2019
Hotels are doing better than ever. More rooms have been occupied in 2018 at higher rents than ever before.
Hyatt Bets Big On China For The Future Of Travel
Hyatt opened its first hotel in China in 1969 and today has grown to 58 hotels, seven brands and more than 19,000 rooms in Greater China. Over the next four years, Hyatt plans to double its presence in China with 60 hotels and 22,000 more rooms in the pipeline, representing nearly one-third of Hyatt's global development pipeline.
People over 60 are flocking to Airbnb faster than millennials
Globetrotting isn't just for millennials — a new report by Airbnb reveals that the senior sector has been bitten by the travel bug. As both hosts and travelers, the over-60 set are the site's fastest growing demographic.
WTM: Will Brexit stifle innovation in the UK tourism industry?
Can travel businesses continue to innovate and take risks despite the threat of reduced funding after Britain's departure from the EU next year? Just one of the questions and themes that emerged from Day Two of World Travel Market's business sessions at the UKI & International Inspiration Zone.
Survey shows slowdown in U.S. domestic and inbound travel
Growth in U.S. domestic travel is leveling off after displaying months of robust growth, according to a survey by the U.S. Travel Association.
How eight identical apartments ended an Airbnb ‘illicit hotel’ scheme in San Francisco
There was something immediately weird about the eight San Francisco apartments owned by landlords Darren and Valerie Lee, who claimed that different families lived in each of them.
Hotel Fees Hit Record High, Generating $2.93 Billion in 2018
Hotels in the United States will generate a record $2.93 billion in 2018 in daily, mandatory hotel fees, according to a new report from Bjorn Hanson, an adjunct professor at the New York University School of Professional Studies Jonathan M. Tisch Center for Hospitality and Tourism.
Belmond Attracts Interest From Hilton, Blackstone, KKR | Bloomberg.com
Belmond Ltd., which owns the iconic '21' Club, has attracted interest from potential buyers, according to people familiar with the matter.
Hoteliers see independents as ‘long-standing’ trend
With growing demand from investors wanting to build unique properties, independent hotels aren't going away anytime soon, according to sources.
After Accor acquisition, Movenpick CEO Olivier Chavy steps down
France's AccorHotels has confirmed today that the company has officially acquired Mövenpick Hotels & Resorts for 482 million Euros ($559 million). CEO and president Mövenpick Hotels & Resorts Olivier Chavy has revealed on his personal LinkedIn page that he has stepped down from his role starting immediately.
India is barely discovered in terms of true tourism: AccorHotels’ Michael Issenberg
In an interview with Mint, Michael Issenberg, CEO (Asia-Pacific) at AccorHotels, talks about plans for India, challenges in the hospitality industry, and the impact of millennials and social media on the sector.
Hotel analysts on how the last decade shapes the future
The hotel industry was in a bad place a decade ago, but since then hoteliers in the United States have enjoyed an unprecedented demand environment that continues to fuel performance today.
Russian Inbound Tourism Benefiting From The Fifa World Cup | tourism-review.com
The FIFA World Cup has just ended in Russia resulting in a boost for local tourism. In the past years officials and authorities have paid a special tribute to inbound tourism. The goal of Russia is to increase revenues from tourism by 75% by 2024, to $15.5 billion.
Wang Jian: China's HNA Group boss falls to his death in France - bbc.com
The co-founder and chairman of the giant Chinese conglomerate HNA Group has died in a fall in southern France, while touring the Provence region. Wang Jian, 57, had climbed on a high parapet to take photographs in the picturesque village of Bonnieux when he fell, police said. Rescue services in the region were unable to revive him. Mr Wang helped turn HNA into one of the world's biggest companies, with assets in aviation, tourism and finance. It has major stakes in Deutsche Bank, hotel chain Hilton and skyscrapers in London and employs more than 400,000 people worldwide. The company is currently in the process of selling down some of its international assets in a bid to reduce its domestic debt built up during a rapid expansion in recent years.