London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR.
UNWTO and Oxford SDG Impact Lab partner around better tourism governance
UNWTO joins forces with Oxford SDG Impact Lab, with the generous support of easyJet holidays, to develop the first environmental, social and governance – ESG – Framework for Tourism Businesses.
Jeddah hotels report highest occupancy since 2016
Helped by the Arab League Summit, Jeddah’s hotel industry posted its highest monthly occupancy since August 2016, according to preliminary May 2023 data from STR.
Japan tourism reports record high US visitor arrivals
The Japan National Tourism Organization (JNTO) announced that American visitor arrivals to Japan increased by 3.6 percent year-to-date in 2023 over the same period (January-April) in 2019, a year that broke the record for international travel to Japan.
APJ’s retail, hotel and travel sectors faced over 1.15 billion web attacks in the last year
Akamai Technologies, Inc., the cloud company that powers and protects life online, today released a new State of the Internet report that spotlights the increasing number and variety of attacks on the commerce sector. Entering through the Gift Shop: Attacks on Commerce finds that in Asia Pacific and Japan (APJ), over 1.15 billion web attacks* were recorded in the commerce sector, across retail and hotel and travel verticals.
UNWTO and MSC Foundation look to net-zero future on World Ocean Day
To mark the official naming of the MSC Euribia ship, MSC’s most energy-efficient to date, international leaders from the worlds of science, policymaking and business explored new paths to responsible consumption and production in tourism as a key strategy for transitioning to a regenerative, carbon-neutral, and circular blue economy.
U.S. hotel results for week ending 3 June
As expected with the Memorial Day holiday, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 3 June.
Hyatt’s transformative growth continues: More markets, More segments, More opportunities
Hyatt Hotels Corporation announced the completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a carefully curated collection of more than 1,500 boutique and luxury properties. With this addition to the portfolio, World of Hyatt members will soon have even more rewarding stays and experiences to choose from, including more than 20 new countries for Hyatt such as Fiji, Croatia, Iceland and Anguilla. Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. The purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.
Marriott International signs agreement with Hiap Hoe Limited to bring the Aloft Hotels brand to Singapore
Marriott International, Inc. today announced it has signed an agreement with Hiap Hoe Limited, through HH Properties Pte. Ltd, to bring the design-forward Aloft Hotels brand to Singapore. Following a strategic conversion, the signing of the 785-room hotel expects to open in Q3 2023, marking the Aloft brand’s debut in Singapore and the largest Aloft hotel in the world.
Sofitel Melbourne on Collins wins three awards for its diverse MICE offering
Sofitel Melbourne On Collins has cemented its position as Melbourne’s most versatile MICE hotel after being recognised with not one, but three awards in recent weeks including the Meeting & Events Australia (MEA) Victorian State Award for Special Event of the Year, The Green Room Award – Cabaret Best Ensemble for its partnership and delivery of FUTURE. JOY. CLUB and also Highly Commended in the Wedding Industry Awards.
