September 2022 was the third consecutive month with an uptick in U.S. hotel construction, while year-over-year declines have been lessening each month since May 2022, according to STR.
UNWTO and Ojimah partner around branding and innovation for African tourism
UNWTO is to work with Ojimah to make positive storytelling and digitalization key drivers of tourism recovery across Africa.
U.S. hotel results for week ending 8 October
U.S. hotel performance increased from the previous week but produced mixed comparisons with 2019, according to STR‘s latest data through 8 October.
Baird/STR hotel stock index fell 9.1% in September
The Baird/STR Hotel Stock Index fell 9.1% in September to a level of 4,564. Year to date through the first nine months of 2022, the stock index has dropped 20.6%.
Analysis: 2022 Hotel Leisure Travel revenue projected to be up 14% over pre-pandemic levels
U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs.
Personal Finances are main barrier to travel long-haul this autumn
The European Travel Commission (ETC) and Eurail BV published the latest Long-Haul Travel Barometer (LHTB) on 3/2022, which provides insights on traveller sentiment for September – December 2022. The report reveals that the appetite for overseas travel in the last months of 2022 has improved, with Brazil (150p), Canada (136p) and the US (126p) showing the greatest rise in the sentiment index compared to summer. However, the desire to visit Europe has stagnated in key markets, showing only marginal improvements.
Shifting shape of corporate travel
A recent survey reveals the shifting shape of corporate travel: an increase in bookings, a switch to low-cost carriers, and a focus on new technology.
PATA announces PATA Gold Awards 2022 winners
During the 2022 PATA Gold Awards Ceremony held virtually on October 7, 2022, the Pacific Asia Travel Association (PATA) announced the winners of the 2022 PATA Gold Awards. Proudly supported and sponsored by the Macao Government Tourism Office (MGTO) for the last 27 years, this year’s awards recognise the achievements of 25 organisations and individuals. An in-person Gold Awards presentation ceremony will be held during the upcoming PATA Annual Summit to occur in Ras Al Khaimah, UAE (located 45 minutes from Dubai) on October 26-27.
CoStar Group acquires fairmas benchmarking
A leading hospitality benchmarking product in Germany
Partners Group and Trinity Investments sign management deal with Marriott International
Joint Venture Will Convert Four Seasons Dallas to The Ritz-Carlton Las Colinas Managed by The Ritz-Carlton
