Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 25 March.
CNN’s Hidden Treasures explores China’s unparalleled culture and history
Few places capture the imagination quite like China. With its borders now reopened to foreign visitors, CNN highlights China’s Hidden Treasures in a special 30-minute travel program, exploring remote tea plantations, surfing the waves off the country’s southern coast, and strolling through age-old markets where artisans keep ancient traditions alive today.
PATA Gold Awards 2023 open for submissions
Organisations and individuals making outstanding contributions towards the successful promotion of the travel and tourism industry throughout the Asia Pacific region are encouraged to submit entries to the PATA Gold Awards 2023. The deadline for submissions is May 31, 2023.
Hilton announces first quarter 2023 earnings release date
Hilton Worldwide Holdings Inc. (NYSE: HLT) will report first quarter 2023 financial results before the stock market opens on Wednesday, Apr. 26, 2023, followed by a conference call at 10 a.m. EDT. Christopher J. Nassetta, Hilton’s president & chief executive officer, and Kevin Jacobs, Hilton’s chief financial officer & president, of global development, will discuss the company’s performance and lead a question-and-answer session.
UNWTO partners with Aviareps to launch destination marketing grants
UNWTO will work with its Affiliate Member AVIAREPS to offer grants for destination marketing and research services to five countries in Europe.
OYO UK doubles its revenues from pre pandemic levels
Global travel technology company, OYO’s UK operations saw a 140% uplift in revenue or Gross Booking Value (GBV) in 2022, surpassing pre-pandemic levels of 2019. London emerged as the best-performing market showing strong Y-o-Y growth followed by other regions such as Brighton, Cornwall, Great Yarmouth, Devon, Portsmouth, Plymouth, and the Midlands.
Saudi Re Year 2022 premiums exceed $372.6 million, profits rise by 6.4%
The Saudi Reinsurance Company (Saudi Re) has announced the annual financial results ending on 31 December 2022, noting that net profit before Zakat rose to $15 million compared to 14.19 million last year, with an increase of 6.4 percent. The Company’s 2022 results also recorded a rise in its sales by 26 percent, reaching 372.6 million in total written premiums, driven by strong growth in the local Saudi market and the Middle East markets.
Canada’s February hotel RevPAR exceeded $100 for the first time on record
Canada’s hotel performance increased from the previous month, with February revenue per available room (RevPAR) exceeding CAD100 for the first time on record, according to STR‘s February 2023 data.
Tourism commits to water action agenda at 2023 UN Water Conference
At the United Nations 2023 Water Conference, the World Tourism Organization (UNWTO) provided substantial inputs, underscoring the role of tourism in safeguarding water resources and contributing to the acceleration of Sustainable Development Goal 6, to “Ensure access to water and sanitation for all”, and to the wider 2030 Agenda for Sustainable Development. Emphasising the sector-wide determination to do more, UNWTO joined tourism stakeholders in committing to the Water Action Agenda, a major outcome document of the UN 2023 Water Conference and collection of all water-related voluntary commitments.
Baird/STR Hotel Stock Index fell 2.5% in February
The Baird/STR Hotel Stock Index fell 2.5% in February to a level of 5,541.
