Press Releases

Greek Hospitality Industry Performance 2025 Q2

International arrivals at Greek airports increased 6.3% in YTD June 2025/24, reaching 12 million. The top 10 airports accounted for 95% of all international arrivals, with Athens alone representing 46%. However, 31% of the below presented international arrivals for Athens were Greek residents based on data of Athens International Airport.

Wyndham and Ovolo Group Partner to Expand Upscale Offerings Across Asia Pacific

Wyndham Hotels & Resorts and Ovolo Group have announced a strategic partnership that, in the coming months, will see five Ovolo hotels across Australia and Hong Kong join the Wyndham hotel brand. Under the deal—which marries Ovolo's boutique appeal with Wyndham's global reach and best in class infrastructure—Ovolo Group will continue to own and manage the Ovolo brand while exclusively working with Wyndham to unlock additional development opportunities throughout Asia Pacific.

Marriott International Completes Acquisition of citizenM Brand

Today, Marriott International (Nasdaq: MAR) has completed its acquisition of the innovative lifestyle brand citizenM. As Marriott focuses on further growing the company's select-service portfolio globally, this transaction provides even more lodging offerings for guests and Marriott Bonvoy members in exciting destinations around the world.

Global Business Travel and Events Prices Set to Stabilize Through 2025 and 2026, Amid Looming Economic Uncertainty

After several years of pandemic-induced volatility and recovery-driven spikes, business travel prices began showing signs of moderation last year. Now, prices are set to stabilize further over the next 18 months, according to the latest edition of the annual Global Business Travel Forecast released by CWT, the business travel and meetings specialist, and GBTA, the world’s largest business travel trade organization.

Global Business Travel Spending to Reach $1.57 Trillion in 2025 Amid Trade Policy Uncertainty and Economic Risk, According to New GBTA Forecast

Global business travel spending is projected to reach a new historical high of $1.57 trillion USD in 2025. This represents a moderate year-over-year growth rate of 6.6%, as global spending is expected to slow this year due to trade tensions, policy uncertainty and economic pressures. A rebound to 8.1% growth is projected for 2026, while long-term forecasts remain clouded by geopolitical and economic volatility.