UNWTO Secretary-General Zurab Pololikashvili has met with His Excellency Edi Rama, Prime Minister of Albania, to explore shared priorities for boosting tourism’s role in economic development and social opportunity.
Anantara Desaru Coast Resort and Villas vows to protect local rainforest with the Launch of ‘Dollar for Deeds’
Located along 17 kilometres of unspoiled beachfront and adjacent to the protected mangroves of Belungkor, Anantara Desaru Coast Resort & Villas is surrounded by pristine nature. Protecting it is the goal of the new ‘Dollar for Deeds’ sustainability initiative the resort is launching from April 2023.
Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022
With the global banking industry making headlines in the past weeks, the Saudi banking sector published its annual results for 2022. According to KPMG, a leading provider of audit, tax and advisory services, in its annual market update, the consolidated numbers for the ten Tadawul-listed banks reflect a robust performance, particularly indicating an increase in net profit by 28%, reaching SAR 62.71 billion ($16.7 billion). The growth trajectory is expected to continue on account of consistent demand for public and private sector financing and the availability of non-interest-bearing deposits.
Radisson Hotel Group releases its 2022 Responsible Business report outlining milestone achievements
Building on its long heritage as a leading sustainable hotel group, Radisson Hotel Group had a successful 2022 in which…
U.S. hotel results for week ending 25 March
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.
