China’s young luxury travelers go abroad every 3-4 months, mainly for leisure, spending RMB 420,000 (US$65,000) on tourism per year and RMB 220,000 (US$34,000) on travel shopping.
Solo travel on the rise
According to the U.S. Travel Association, 23 percent of all leisure trips are taken alone and the trend is expected to escalate—17 percent of 44,000 travelers polled in a TripAdvisor survey plan to embark on a solo trip this year.
Cachet Hotel Group forms partnership with Arjomand Group
By joining forces, CHG and the Arjomand Group will grow CHG’s collection of hotel, restaurant and nightlife brands in the United States and Middle East.
China’s hotel pipeline shows second consecutive quarter of YOY decline
According to a recent China Construction Pipeline Trend report from Lodging Econometrics (LE), the China Pipeline at Q1 2016 has 2,448 Projects/549,222 Rooms, down 8% by projects and 1% by rooms Year-Over-Year (YOY).
Japan’s hotel sector is booming
Many long-term owners are holding onto their properties even as investors are queuing to buy their assets.
Mobile messaging among travellers on the rise
Younger travelers – millennials aged 18-34, but also 35-44 year olds – are driving the use of mobile messaging.
Fear of Zika virus linked to poor performance of Caribbean hotels
Compared with the April year-to-date period of 2015, the Caribbean’s occupancy fell 3.0% to 72.9%
As current cycle matures, hotel RevPAR growth decelerates: PwC
Occupancy levels at US hotels have begun to stabilize after reaching peak levels in 2015, according to the lodging forecast released by PwC US.
Top 10 international destinations for the season
Protravel International has announced its top ten international destination rankings for summer travel based on its agents’ actual bookings.
Planet Hollywood introduces new luxury brand – ph Premiere
To be developed by Azzurra Development, ph Premiere Resort-Residences Orlando will offer a mix of accommodations and condo-hotel residences encompassing a total of 547 keys.
