Month: September 2024

HSMAI Europe has announced its official launch in Spain, marking a significant milestone in its strategy to expand and strengthen its membership in southern Europe. Following an introduction into Greece earlier this year, the expansion into Spain reinforces HSMAI’s mission to grow its influence and foster collaboration in Europe’s most...

Star Hotel Group Acquired Rydges Gold Coast Airport Hotel for AUD60 Million in Australia

Surfing is rapidly gaining traction, emerging as one of the fastest-growing water sports globally. According to the Sports and Fitness Industry Association (SFIA), participation in surfing surged by 28.5% in the United States in 2023, with one in every 100 Americans engaging in the sport (SFIA, 2023). The sport’s global...

Key Points

After falling by 75 percent in 2020, travel is on its way to a full recovery by the end of 2024. Domestic travel is expected to grow 3 percent annually and reach 19 billion lodging nights per year by 2030.1 Over the same time frame, international travel should likewise ramp...

So what are hoteliers doing to remain competitive in this climate, and what opportunities and challenges are they facing in the road ahead?

According to new research from Phocuswright, the global travel market has rebounded significantly, surpassing pre-pandemic levels with a 24% increase in gross bookings in 2023, reaching a total spend of $1.5 trillion. The industry is projected to grow between 6-10% annually through 2026. (Note: Phocuswright and TravelAge West are both...

As Hilton enters its fourth quarter, the hospitality company is continuing its expansion with brands entering new markets for the first time. Spark by Hilton, Hilton’s latest premium economy brand, ignites with its first mainland Europe opening in Stuttgart, following country firsts for the brand in Canada and the UK,...

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today announced 28 new signings year-to-date in Southeast Asia, adding over 3,400 units across its various brands in key destinations. Accounting for more than half of Ascott’s global signings year-to-date, they will augment Ascott’s portfolio in...

Accor, a global leader in hospitality, continues its strong growth trajectory in Singapore with the signing of two new-build properties with three hotel brands set to open by 2027 with its long-standing partners, Fragrance Group Limited and Global Premium Hotels Limited, both owned by Koh Wee Meng. This landmark agreement...