As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
Global Travel and Tourism deal activity down 35.7 percent
Faced with difficult market conditions, many global industries have grappled with subdued deal activity during January-July 2023.
Dubai’s Samana Developers launches Dh300 Million ‘Golf Views’ project in Dubai Sports City
Samana Developers, one of the fastest-growing real estate companies in Dubai, today launched a Dh300 million (US$ 82 million) ‘Samana Golf Views’ residential project in Dubai Sports City, a popular freehold community. The new project is the first project in the neighborhood that has built-in private pools with its apartments and overlooks lush green The Els Club Golf Course, one of the finest golfing destinations in the Middle East. The G+P+14-Floor Samana Golf Views is part of multiple project launches which are planned during 2023.
Global Business Travel and Events costs expected to remain elevated through 2024, reflecting ‘True New Cost of Travel’
Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and the Global Business Travel Association (GBTA), the world’s largest business travel trade organization.
Bulgaria’s Travel & Tourism sector set to contribute 10% of the economy forecasts WTTC
Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.
WTM London 2023 Conference Program Announced
More than 60 conference sessions are lined up for WTM, the world’s most influential travel & tourism event, empowering the global travel community, and reminding them they have the Power to Change travel.
Hyatt Regency Danang Resort & Spa becomes the destination of choice for families on Vietnam’s Central Coast
Hyatt Regency Danang Resort & Spa, the five-star family lifestyle resort on Vietnam’s stunning central coast, has become the ultimate destination for multi-generational escapes following a major, multi-million dollar enhancement project that has introduced a wealth of new family-friendly facilities, including one of the biggest kids’ clubs in South East Asia.
Tourism leaders place African focus on global challenges
The Conference on Rethinking Africa: Rethinking Tourism for Africa: Addressing global challenges; Promoting investment and partnerships brought expert African perspectives to global challenges, highlighting the need of investments towards a greener tourism sector and access to finance within the sector and the need to further strengthen public-private collaboration at every level.
IHG Hotels & Resorts launches new midscale conversion brand Garner™– an IHG hotel
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today launched its new midscale conversion brand, Garner™ – an IHG Hotel. The brand will be the leading choice for guests wanting great value stays at high-quality properties, and for owners seeking higher returns in the midscale segment.
Main Street Hospitality joins prestigious 2023 Inc. 5000 List
Inc. revealed today that Main Street Hospitality has officially joined the 2023 Inc. 5000 rankings, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
