In a joint effort to promote sustainability in the Travel & Tourism sector, the World Travel & Tourism Council (WTTC) and Biosphere have inked a partnership to promote sustainability criteria in the hotel industry under the Hotel Sustainability Basics initiative.
International Tourism to reach pre-pandemic levels in 2024
According to the first UNWTO World Tourism Barometer of the year, international tourism ended 2023 at 88% of pre-pandemic levels, with an estimated 1.3 billion international arrivals. The unleashing of remaining pent-up demand, increased air connectivity, and a stronger recovery of Asian markets and destinations, are expected to underpin a full recovery by the end of 2024.
Choice Asia-Pac doubles inner city Melbourne offering
Choice Hotels Asia-Pac, one of the leading accommodation franchisors, is expanding its presence in Australia with the acquisition of the City Edge Apartment Hotels franchise.
First Hospitality grows hotel portfolio by nearly 40% in 2023
First Hospitality, a national hotel operating and development company, witnessed significant growth in 2023, increasing its hotels and restaurants under management by nearly 40%. In addition, First Hospitality continued its focus on upscale, soft brand and lifestyle properties which is now approaching 40% of its portfolio. Last year, the company entered five new markets, bringing its diverse portfolio to more than 70 independent and branded properties, with over 10,000 keys, and 3,500 world-class associates.
IHG Hotels & Resorts strengthens leading position in the luxury & lifestyle segment
IHG Hotels & Resorts (IHG), today underlines its growth in the Luxury & Lifestyle segment. Currently, IHG boasts one of the largest Luxury & Lifestyle portfolios in the world, consisting of six acclaimed brands that represent 22 percent of its global pipeline* – nearly double its stake from just five years ago. IHG has driven its ambition forward through a combination of strategic expansion, dedicated Luxury & Lifestyle expertise and significant investments in its wider enterprise platform to fuel brand awareness, consideration and loyalty.
mia launches peer groups to tackle industry issues and opportunities
Eight peer groups have been launched by the Meetings Industry Association (mia) to support the evolving needs of the business meetings and events sector.
VisitEngland announces Tourism Superstar 2024 finalists
VisitEngland has today 18 January revealed the 10 superstars to make the shortlist of its annual search to find the unsung hero of England’s tourism industry.
Mumford Company reports strong end to 2023
Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it finished 2023 with a flurry of closings and anticipates 2024 to be a banner year based on current deal flow.
Marriott International announces date 4th Quarter 2023 earnings
Marriott International, Inc.will report fourth quarter 2023 earnings results on Tuesday, February 13, 2024, at approximately 7:00 a.m. Eastern Time (ET).
Choice Hotels International celebrates year of accelerating growth
Choice Hotels International, Inc., celebrated another year of strong growth, announcing higher-than-expected brand growth across its revenue-intense segments in 2023.
