Category: News

March 14, 2023

Carter Group to Invest in Pro-invest APAC Value-add Hotels Fund New Zealand-based investment firm Carter Group Limited (“CG”) has become a significant stakeholder in Australia-based Pro-Invest Group (“PG”)’s AUD500 million Asia Pacific Hotel Fund. CG has sold the vacant 209-key […]

March 1, 2023

Fondo Italiano and Eulero Capital acquire stake in HNH Hospitality from Siparex Fund manager Fondo Italiano d’Investimento and investment manager Eurelo Capital, through the Fondo Italiano Consolidamento e Crescita (FICC), have taken over an equity stake in Italian operator HNH […]

February 15, 2023

UKHospitality Chief Executive Kate Nicholls said: “The rate of inflation decreasing for three months in a row is promising but it remains the case that price rises continue to significantly hinder hospitality businesses. “A drop in the cost of visiting […]

February 8, 2023

During a general session at the Americas Lodging Investment Summit, hotel owners explained how they have adapted their portfolio strategies, such as reinvesting capital or preparing hotels for sale. Changing market conditions across the U.S. have opened and closed deal […]

February 1, 2023

Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents, exceeding only the gains of Northeastern Asia in terms of occupancy and average daily rate (ADR) in 2022. This was due to strict and long-lasting COVID […]

January 27, 2023

Over the course of 2022, the hospitality sector in the Asia Pacific region has grown from strength-to-strength with the region reporting USD$8.4 billion in hotel transactions from Q1 to Q3. The tourism industry has signaled a better-than-expected recovery, with visitor […]

January 18, 2023

In 2022, Radisson Hotel Group continued to drive forward its ambitious expansion plan to be one of the top three hotel groups in the world with its portfolio of nine distinct brands and its growing resorts portfolio. Radisson Collection had […]

January 9, 2023

Operators of tours, attractions, activities and experiences have faced rapid change over the past several years, and the impacts of the COVID-19 pandemic have varied widely across regions and activity types. As a result, operators are experiencing an uneven recovery: […]

January 6, 2023

High Travel Prices Costly to Travel Morale For the last several months, we have been wondering if and when Americans’ patience with the high costs of travel will run thin. This may be coming to fruition. Currently 45% of Americans […]

January 6, 2023

THE EMPLOYMENT SITUATION — DECEMBER 2022 Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, […]

January 5, 2023

1) Revenge travel took off The introduction of vaccines and the softening of restrictions brought about a surge in demand, and for destinations that were quick to open up, a booming era of travel. This meant that relative to 2020, […]

January 4, 2023

Ignore it if you want: the metaverse of 2022 is just like the internet of the early 1990s. It could change everything. Picture this: it’s 2030 and you’re going on a date. You scour reviews for the best restaurant and […]

January 3, 2023

Jeni Mundy, global head of merchant sales and acquiring at Visa As cross-border travel continues to climb, digital payment methods will lead the way for travelers who want to avoid currency exchanges or hunting down the nearest ATM to withdraw […]

December 30, 2022

Fasten Your Seat Belts Our October cover story was a deep dive into the issues that plagued meeting planners and their traveling attendees this summer: delays, cancellations and other issues that made even quick flights a challenge. In an exclusive […]

December 28, 2022

The American Hotel & Lodging Association (AHLA) and the Hospitality Financial and Technology Professionals Association (HFTP) announced today a 10-year agreement to jointly produce the Uniform System of Accounts for the Lodging Industry (USALI). The USALI is used all over […]

December 28, 2022

The United States will impose mandatory COVID-19 tests on travelers from China, U.S. health officials said on Wednesday, joining India, Italy, Japan and Taiwan in taking new measures after Beijing’s decision to lift stringent zero-COVID policies. The officials told reporters […]

December 27, 2022

The World Travel & Tourism Council (WTTC) and the Saudi-based Sustainable Tourism Global Center have unveiled revolutionary new data detailing the climate footprint of the Travel & Tourism sector in the Asia Pacific region (APAC). According to the data, between […]

December 16, 2022

The BBC reports that a massive hotel lobby aquarium has exploded in a Berlin Radisson Blu hotel. The lobby design feature was called the “Aqua Dom” and was claimed to be the largest free-standing cylindrical aquarium in the world. It […]

November 30, 2022

The World Travel & Tourism Council (WTTC) launched its Cities Economic Impact Report (EIR) at the 22nd Global Summit in Riyadh today. Sponsored by Visa, the report shows cities remain the powerhouses of global tourism and will drive the recovery […]

November 29, 2022

The World Travel & Tourism Council (WTTC) has today unveiled groundbreaking new data detailing the climate footprint of the global Travel & Tourism sector. The findings were launched today at the global tourism body’s 22nd Global Summit in Riyadh by […]