Revenue from Travel & Tourism will make up almost 10% of U.S. economy.
Sydney’s hotel industry showed steady occupancy levels in May
Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month.
WTTC publishes new report on destination resilience
COVID-19 has impacted all destinations highlighting the need for better-preparedness for future risks.
Jeddah call to action: UNWTO sets path towards new tourism governance
Public and private leaders have been called on to unite behind the Jeddah Call to Action, a commitment to align with UNWTO’s approach to rethink tourism governance at every level to keep adapting to the challenges faced by tourism as a global driver for recovery.
Baird/STR Hotel Stock Index dropped 5.8% in May
Year to date through the first five months of 2022, the stock index has decreased 2.8%.
U.S. hotel results for week ending 4 June
Reflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week.
Serviced apartments lodged with travellers
According to the results of Cheval Collection’s latest travel survey, with guests also looking for a great reputation and flexible booking.
Saudi Arabia steps up investments in next generation of tourism professionals
Saudi Arabia to invest $100m in training over 100,000 young people for tourism.
Travelers call for change as tourism recovers from pandemic
A recent YouGov survey found that travellers’ attitudes have changed following two years of pandemic and lockdowns.
Europe hotel transactions updates
Dartriver and CONREN acquire future Hub by Premier Inn in London.
