The reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR.
Projects in the early planning stage of the global hotel construction pipeline reach record high counts
Lodging Econometrics (LE) has released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms. The global pipeline has remained relatively flat for three consecutive years, following the onset of the COVID-19 pandemic, after reaching peak project and room counts in Q4 2019. However, three of the seven world regions tracked by LE, the United States, Canada, and Asia Pacific, continue to have pipelines trending upward, YOY. The remaining regions stayed largely unchanged by project counts YOY.
UNWTO looks to “Re-write tourism history” at official re-opening of China
Leading a high-level delegation to the city of Hangzhou to join in the official re-opening, UNWTO Secretary-General Zurab Pololikashvili, warmly welcomed the lifting of travel restrictions as a major boost to economic growth and social opportunity both in Asia and the Pacific and globally. According to UNWTO data, the pandemic cost destinations worldwide a combined US$270 billion in Chinese outbound tourist spending in 2020 and 2021 alone. The re-opening of borders therefore represents “the moment the world has been waiting for”, Mr Pololikashvili noted.
Marriott International raises US$251,000 with ‘Road to Give’ in Asia Pacific
Concluding the series of its annual charity event, ‘Road to Give’, across Asia Pacific, Marriott International today announced that it has raised more than US$251,000 to support charitable organizations in local communities. Over a three-month period, more than 20,000 associates from 327 hotels volunteered 47,769 hours as part of this charity event.
VisitBritain launches ‘See Things Differently,’ driving bookings to Britain
National tourism agency VisitBritain has this week started rolling out its new multi-million-pound international campaign for 2023 to drive tourism to Britain.
Hotel-generated state and local tax revenue to reach new highs in 2023
Hotel-generated state and local tax revenue will reach new heights nationally ($46.71 billion) and in states across the nation this year, according to state-by-state projections released today by the American Hotel & Lodging Association (AHLA) and Oxford Economics.
Middle East finishes the year strong with record-high new hotel openings in Q4 2022
According to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in the Middle East is ramping up as investors begin to see opportunity in the region again. New project announcements (NPA) in the region continued to trend upward throughout 2022, closing the quarter at 67 projects/19,837 rooms and increasing 56% YOY. Additionally, the Middle East had a record number of new hotels open in the fourth quarter, closing out the year with 81 new hotels opened in 2022, accounting for 17,736 rooms.
Mills James growth shows ‘Meetings Business is Back!’
Award-winning, concierge-level, audiovisual services provider Mills James is on a fast-track for growth. In 2022, the company’s AV for hospitality business exceeded pre-pandemic levels across all client venues, including hotels and convention centers servicing seven states and Mexico .
Global searches for ‘American holidays 2023’ soar
The United States is one of the world’s most diverse countries, and there are many fantastic places to visit. The country offers a varied range of landscapes and cultural places to explore, including alpine peaks, vast deserts, tropical beaches, and vibrant cities. But which American states are the most popular to travel to?
US urged to boost travel export spending
New data released by the US Department of Commerce reveals the country’s travel trade surplus slipped to just $4 billion in 2022—down from an all-time high of $85.9 billion less than a decade ago, underscoring the urgent need to rebuild inbound travel and regain its associated economic benefits.
