40% of Europeans are worried about increasing travel costs in light of the ongoing cost-of-living crisis. Nonetheless, the appetite for travel among Europeans is growing with 70% planning a trip in the next six months. This represents a 4% increase in just one year. Over half (52%) intend to travel at least twice evidencing pent-up demand for vacationing.
IHG Hotels & Resorts heralds new wave of hotel signings and openings across Turkey
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is delighted to announce a raft of recent signings and openings in Turkey across its Crowne Plaza, Holiday Inn and Holiday Inn Express brands.
U.S. hotel results for week ending 22 October
U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 22 October.
IHG Hotels & Resorts signs first Americas Vignette Collection Hotel in Mexico’s Yucatan Peninsula
El Gran Encomendero will welcome the next generation of luxury travelers with a distinctive and elegant guest experience
World Travel Tech awards names Unifocus world’s best workforce management solutions provider
Hospitality’s leading workforce solutions provider earns the highest number of votes for innovating the latest in end-to-end workforce management technology.
Global Asset Solutions launches Hotel Asset Management training course
Global Asset Solutions has launched an online training course with external accreditation which will support the growing demand for hotel asset management.
Hi Five World! Global campaign launched to celebrate Trip.com’s 5th anniversary
Trip.com has had average annual app order growth of 127%; from 2020-2022 average monthly hotel orders increased by 21 % YoY and average monthly flight orders grew by 154% YoY. Trip.com has had an average annual app install growth of 101% and was listed in the top ten most downloaded OTA apps in H1 2022
The Ritz-Carlton, Melbourne announces debut date
“We are thrilled to bring The Ritz-Carlton brand to Melbourne,” Antony Page, GM, The Ritz-Carlton, Melbourne said.
Third Quarter trading update to 30 September 2022
Q3 group RevPARa +28% vs 2021; +2.7% vs 2019, with Americas +6.8%, EMEAA (0.1)% and Greater China (20.0)%
Average daily rate +13% vs 2021, +11% vs 2019; occupancy +8%pts vs 2021, -6%pts vs 2019
Gross system size growth +4.3% YOY; opened 8.0k rooms (51 hotels) in Q3, similar to Q2 and ahead of Q1
Underlying removal rate -1.7% YOY; removals YTD equate to an annualised underlying rate of -1.3%
Net system size growth +2.6% YOY on an adjusted basis
The global system of 888k rooms (6,061 hotels); 67% across midscale segments, 33% across upscale and luxury
Signed 13.2k rooms (89 hotels) in Q3, similar to Q2 and last year; global pipeline of 278k rooms, +2.9% YOY
Seychelles crowned the 29th annual World Travel Awards
Seychelles was acclaimed as the “Indian Ocean’s Leading Honeymoon Destination 2022” during the 29th annual World Travel Awards.
