The China Hotel Market is expected to be USD 136 Billion (Yuan 938 Billion) by the end of the year 2023., ResearchAndMarkets.com indicated in their latest report.
Ascott and Ascenda may soon be the largest hospitality trust in APAC
Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust jointly announced a proposed combination, which will result in the combined entity becoming the largest hospitality trust in Asia Pacific, and the eighth largest globally, with an asset value of S$7.6 billion.
Hotelbeds strengthens commitment to offer hoteliers high-value bookings with plan to add 14,000 travel agent customers
Hotelbeds has announced today an ambitious plan to increase the number of travel agent customers affiliated to the bedbank booking platform as part of its commitment to offer hoteliers access to high-value guests.
Meituan and Compass Hospitality reach strategic cooperation agreement
Meituan and Compass Hospitality Hotel Group inked a strategic cooperation agreement that aims to provide convenient, safe and comfortable accommodation experiences for Chinese tourists overseas.
VisitEngland launches B2B online platform connecting tourism businesses to the world
VisitEngland has launched a business-to-business digital platform that enables tourism suppliers to connect to multiple international distributors.
Marriott partners with CNN to inspire global travelers through new digital content
Marriott International has partnered with CNN International Commercial (CNNIC) for a new digital initiative on CNN Travel which offers audiences an unparalleled travel insight into Asia Pacific’s 14 most desirable leisure destinations.
European Hotels Grow GOPPAR for First Time in 2019
Hotels in mainland Europe recorded their first year-on-year increase in profit per room in May, powered by growth across all revenue centers, according to the latest data tracking hotels from HotStats.
Despite RevPAR bounce, GOPPAR Drops at UK Hotels
Despite RevPAR growth, an increase in costs continued to chip away at profit levels at hotels in the UK in May, according to the latest data from HotStats.
UK PM announces new tourism sector deal
First tourism sector deal will prepare Britain for an extra 9 million visitors per year, with commitment to build 130,000 new hotel rooms by 2025.
GOPPAR bounces back, but cost concerns remain at U.S. hotels
Hotstats releases the latest revenue trends for U.S. hotels. Despite GOPPAR recovering, hoteliers are urged to keep and eye on costs which impact profits.
