At this year’s International Hospitality Investment Forum (IHIF), Radisson Hotel Group announced its latest development update and continued growth strategy across the Group’s diverse portfolio of 10 leading brands. The Group’s current portfolio consists of more than 1,340 properties in 95+ countries, including Radisson Blu, the largest upper upscale brand in Europe for the 12th consecutive year, and Radisson, the fastest growing upscale brand in the industry in EMEA and South East Asia.
Global adventure tourism market to grow by $2.5 billion
The global adventure tourism is poised to grow by $2.50 tn during 2022-2026, accelerating at a CAGR of 38.87% during the forecast period.
Asia Pacific hospitality update
Surrey Hills Hotel in Sydney was Sold for AUD30 Million.
Uplift in international arrivals predicted for APAC
The Pacific Asia Travel Association released its latest quarterly updated international visitor arrivals forecast based on the data provided by 39 Asia Pacific destinations.
APAC leaders look to innovative and resilient tourism
Tourism leaders from across Asia and the Pacific have placed building resilience and embracing innovation at the heart of the sector’s restart and sustainable future.
Swire Hotels turns to IDeaS for a unified revenue management solution
IDeaS announced that Swire Hotels has selected its G3 Revenue Management System to unify its group approach to revenue management across a portfolio of seven hotels globally.
Asia Pacific hospitality updates
Rydges North Sydney was Acquired by High Street Holdings for AUD75 Million.
Quarantine-free travel sparks a flurry of APAC travel intent
Daily flight searches to the APAC region are up 177% Year over Year.
The Americas and Asia Pacific regions show increased hotel pipeline activity
Two of the four world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the first quarter.
Asia Pacific hospitality update
LHN indirectly acquires River Valley Road property for SGD8.5 million.
