Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of 530 hotels and resorts in 56 countries across Asia Pacific, the Middle East, Europe, the Americas, Africa and the Indian Ocean, announces the signing of a Memorandum of Understanding (MoU) with Saudi Arabia’s Tourism Development Fund to jointly develop and operate high-quality hospitality and lifestyle projects focused on mountain resorts, wellness resorts and urban hotels within the Kingdom. The first project under this partnership is expected to be announced in H2 this year.
American Hotels support nearly one in 25 U.S. Jobs
American hotels support 8.3 million American jobs, which is equivalent to nearly one in 25 U.S. jobs, according to an economic analysis released today by the American Hotel & Lodging Association and Oxford Economics.
U.S. hotel results for week ending 13 May
U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May.
UNWTO identifies priorities for boosting rural tourism potential
UNWTO has launched a new report to determine the status of rural tourism in its Member States and identify the main challenges and opportunities of tourism as a driver for rural development from a policy perspective.
The Hotel Construction Pipeline in the Asia Pacific Region, excluding China, remains Steady at Q1 2023
As seen in Lodging Econometrics’ (LE’s) most recent Asia Pacific Construction Pipeline Trend Report, excluding China, analysts state that the region ended the first quarter of 2023 with 1,885 projects/394,235 rooms in the total pipeline.
U.S. hotel results for week ending 6 May
U.S. hotel performance showed mixed results from the previous week but grew year over year, according to STR‘s latest data through 6 May.
Sustainable and Responsible Tourism could be profitable as well as enjoyable if promoted properly: Experts
Environment-friendly and sustainable tourism could be profitable for businesses while reducing carbon emission, experts at multiple seminars said recently. Travel and tour operators could benefit more by investing in technologies to make tourism more sustainable industry that could help the world achieve the United Nations’ Sustainable Development Goals by 2030 and Net Zero Target by 2050, experts said.
Seabourn install SpaceX’s starlink wifi technology on both expedition ships, Seabourn Venture and Seabourn Pursuit
Seabourn, the leader in ultra-luxury voyages and expedition travel, has announced that its two purpose-built expedition ships, Seabourn Venture and Seabourn Pursuit, will be equipped with next-generation Wi-Fi connectivity with SpaceX’s Starlink, the leader in Low Earth Orbit (LEO) satellite technology. The upgraded technology will provide Seabourn’s expedition guests with faster service, greater connectivity, and more reliable Wi-Fi wherever Starlink’s services are available.
Radisson Hotel Group and PPHE Hotel Group accelerate global growth of the premium lifestyle art’otel brand
Radisson Hotel Group expands its portfolio of bold, art and design-inspired hotels with the inclusion of art’otel in the Radisson Hotel Group’s brand portfolio, growing to ten distinct brands under one overarching umbrella. Across the brand spectrum, the Group offers inspiration through travel with authentic and engaging cultural experiences that allow travelers to feel part of each local art and design community.
Hotel Construction pipeline growth in China picks up with the return of travel
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). While project counts may be down YOY, domestic and international travel gained significant momentum during the first quarter. The reopening of borders and national holidays has largely aided in the increased demand for travel accommodations, which is expected to continue this upward trajectory through the second quarter. As a matter of fact, in Q1, the country’s economy grew the fastest it had in over a year, showing people are eager to return to travel and normalcy.
