December 16, 2022
Via: Hotel News ResourceWith Japan reopening its borders to tourism on October 11, 2022, for the first time since the initial lockdowns of the COVID-19 pandemic, we were curious about how interested American travelers are in visiting Japan in the next year. First, […]
June 23, 2022
Via: Hospitality NetFollowing the easing of global COVID-19 restrictions, mentions in filings of ‘business travel’ per company* across sectors rose 17% in 2021 and have risen a further 4% in 2022**, suggesting that companies are looking at resuming business travel, according to […]
Finance and Development, Markets
May 26, 2022
Via: Hospitality NetWeakened traveler confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, says GlobalData. Figures from the leading data and analytics company reveal that outbound tourism from Poland declined […]
May 6, 2022
Via: Hospitality NetOn Thursday, over 260 travel industry and business organizations sent a letter to White House COVID-19 Response Coordinator Dr. Ashish Jha calling for an urgent repeal of the pre-departure testing requirement for vaccinated international air travelers. The time is now […]
Finance and Development, Financial
March 17, 2022
Via: Hotel News ResourceAirlines Reporting Corp. (ARC) today released data showing ARC-accredited travel agency air ticket sales totaling $5.4 billion in February 2022, a 253% year-over-year increase from February 2021.* The net sales total marks the highest level since February 2020, a month […]
Finance and Development, Trends
February 11, 2022
Via: Hospitality NetAs seen in the Q4 2021 China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline at the end of the fourth quarter stands at 3,693 projects/700,567 rooms, up 9% by projects and rooms year-over-year (YOY). […]
Finance and Development, Markets
February 9, 2022
Via: Hotel News ResourceThe day after the announcement by the UK Transport Secretary was made, combined inbound and outbound flight bookings jumped to 84% of pre-pandemic (2019) levels, outbound to 106% and inbound to 47%. This news followed a series of relaxations in […]
February 7, 2022
Via: Restaurant DiveThis staffing trouble has ramped up labor costs and forced restaurants to trim operating hours and menus, putting pressure on bottom lines. Sixty-five percent of operators had to reduce their business hours in the past three months because they were […]
Finance and Development, Trends
February 1, 2022
Via: Hospitality NetJudging from discussions at the Americas Lodging and Investment Summit, 2022 will be a year of widespread changes to hotel loyalty programs, and there will be fierce competition to enlist new members. In session after session, loyalty programs were raised […]
Finance and Development, Trends
January 26, 2022
Via: Hospitality NetCOVID-19, as well as the growing need for more sustainable options, have caused a shift in the tourism industry, favoring domestic travel. The desire to travel remains strong, perhaps stronger than ever, but the pandemic has changed the way people […]
January 5, 2022
Via: Hospitality NetFollowing Google’s confirmation, the hospitality industry can now use Google Posts to engage with their customers. Businesses that fall within the ambit of the hospitality industry can now use Google Posts to announce COVID-19 protocols, any updates to amenities or […]
Finance and Development, Trends
December 20, 2021
Via: Hotel News ResourceLocation… location … location. It’s a constant refrain in real estate and, by extension, the hotel industry. The turn of phrase took on a whole new meaning in the wake of the COVID-19 pandemic. Depending on orientation, some hotels thrived, […]
Finance and Development, Trends
December 16, 2021
Via: Hotel News ResourceChange in travel accommodation preferences continues A new standard of preferences has been set since the beginning of COVID-19, and accommodation in the current situation continues to be less desirable than in pre-pandemic times. Travelers continue to prefer short-term rentals […]
December 7, 2021
Via: Hospitality NetThese last two years have not been easy. Tourism professionals have seen tourism industries that just a few years ago were highly successful now needing to fight for their survival. Certainly, world pandemics play a major role in this decline. […]
Finance and Development, Markets
December 6, 2021
Via: Hospitality NetCraig Bonnar, Chief Executive commented: “Following the lifting of all Covid-19 restrictions Travelodge has delivered a record trading performance in quarter 3. We saw a significant increase in demand post 19 July, with very strong levels of domestic leisure demand […]
Finance and Development, Markets
November 22, 2021
Via: Hospitality NetEven as the world continues to ease its COVID-19 restrictions, for those of us who are restaurant owners, suppliers, and hospitality staff, we are not expecting a return to “business as usual.” In fact, after 20 months of navigating government […]
Finance and Development, Financial
October 22, 2021
Via: Hospitality NetHotel investment volumes will likely cross US$7 billion for the full year 2021, a 15% year-on-year increase, as investors continue to look past the industry’s short-to-medium term headwinds brought on by COVID-19. According to JLL (NYSE: JLL) Hotels & Hospitality […]
October 14, 2021
Via: Hotel News ResourceExcerpt from Destination Analysts Americans’ travel marketability continues to gradually recover from the Delta-variant damage but travelers are feeling more financial stress lately and some uncertainty about vaccine protection. Meanwhile, the reopening of the U.S. border to vaccinated international visitors […]
Finance and Development, Trends
October 7, 2021
Via: Hospitality NetWith the holiday season fast approaching, travelers are making choices we haven’t seen before. But that’s no cause for despair. While new COVID-19 variants inevitably affect consumer priorities, understanding how today’s travelers navigate the new normal can help you position […]
September 14, 2021
Via: Hospitality NetFor the first time, AHIC will house the four close-knit investment communities of the Arabian Hospitality Investment Conference (AHIC), Saudi Arabia Hospitality Investment Conference (SHIC), Africa Hotel Investment Forum (AHIF) and the Global Restaurant Investment Forum (GRIF) under one roof. […]