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.
Asia Pacific hospitality updates
Rydges North Sydney was Acquired by High Street Holdings for AUD75 Million.
Recovery gains momentum as restrictions ease and confidence grows
According to the latest UNWTO World Tourism Barometer, international tourism saw a 182% year-on-year increase in January-March 2022.
STR, TE upgrade forecast to full U.S. RevPAR recovery in 2022
On a nominal basis, the metric is now expected to surpass 2019 levels in 2022.
U.S. hotel profitability surpassed 2019 levels for second consecutive month
U.S. hotel GOPPAR exceeded the pre-pandemic comparable for a second consecutive month.
Hong Kong’s co-living sector gains appeal
Hong Kong’s co-living sector may see increasing new entrants while existing players continue to expand to secure their share.
U.S. hotel results for week ending 28 May
U.S. hotel performance dipped slightly from the previous week.
