In the year-end 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the fourth quarter, Europe’s total construction pipeline stands at 1,711 projects/260,911 rooms.
Amid financial stress, Europeans determined to keep their travel spend
The European Travel Commission (ETC) has today released its latest report on Monitoring Sentiment for Domestic and Intra-European Travel, providing insights into European travel plans in spring – summer 2023.
Phoenix forecasted for second-highest hotel RevPAR in Super Bowl history
Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for February 10-12, which would be the second-highest level for a Super Bowl weekend, according to STR.
Miami and Qatar markets led the world in hotel profit recovery in 2022
Miami and Qatar led the major global markets in hotel profit recovery for 2022, according to STR‘s full-year P&L data release.
Top three chain scales in the AP Hotel Construction Pipeline, excluding China, each hit peak project counts at the end of Q4
According to the Q4 2022 Construction Pipeline Trend Report for the Asia Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY).
U.S. hotel revenues, profits and labor costs reached record-highs in 2022
Total U.S. hotel revenues, profits and labor costs reached an all-time high, according to STR‘s P&L data for 2022. With more supply in the market, the key profitability metrics each came in lower than their pre-pandemic comparable on a per-available-room basis.
Upscale projects in China’s hotel construction pipeline reach new all-time high
In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms.
Zanzibar set for first tourism investment summit
Zanzibar tourism stakeholders are all set for the first tourism investment summit to take place on the island later this month, targeting to connect tourism investors from East Africa, Africa, and other tourist market sources in the world.
Bountiful Easter at Baros Maldives
Baros Maldives is a tropical paradise set amidst the turquoise waters of the Maldives. With naturally spellbinding backdrops paired with cocooning intimacy, it is a place that delivers unadulterated luxury. Exuding warmth and welcoming connections, Baros invites everyone to a blooming haven for springtime.
The Slate Phuket says BONG APPETIT to cannabis-infused dining
With Thailand having decriminalized marijuana, The Slate Phuket is inviting guests to say BONG Appetit to a special dining experience by Steven John of Empty Plates Bangkok. Chef John has incorporated cannabis leaves, flower, stems and seeds into an innovative menu that will not only bring the flavours of the plant to the fore, but provide health benefits due to being rich in anti-oxidants, and anti-inflammatory compounds. This special dining experience will be offered at the hotel’s sexy Rivet & Rebar on 10 and 11 March 2023, with only 40 tickets for each exclusive event.
