Euromonitor warns of 'long, hard recovery ahead', surge in demand for 5 star assets in Italy and more...

Euromonitor warns of 'long, hard recovery ahead'
Tuesday, 9th November 2021

Euromonitor International is predicting travel spend will return to pre-pandemic levels by 2024 at the earliest, and warned recovery could take longer, there was a global drop in travel spend of 75% last year.

Almost one in four (39%) of the industry said they are investing in implementing new technology as a means to future-proof business and 53% of travel companies are focusing on sustainability features to guide initiatives and sustainable development goals (SDGs) >>

A huge surge in demand for 5 star assets in Italy expected
9 Nov 2021 : High expressions of interest from abroad highlight the interest and investments in 5-star hotels are expected to increase by 25% over the next three years >>

Australia’s hotels regaining occupancy
9 Nov 2021 : With lengthy lockdowns ending and travel restrictions easing, Australia’s hotel industry has seen recent improvement in hotel occupancy levels >>

News from around the APAC region
9 Nov 2021 : Hotel industry and travel news from around the Asia Pacific region: Frasers Hospitality Trust sells Sofitel Sydney Wentworth, Singapore announced Vaccinated Travel Lane with Australia and more >>

The Lux Collective plan for two new projects in the UAE
9 Nov 2021 : The upcoming properties will be located in the Al Bridi Nature Reserve and on the spectacular Al Soueifa mountain, overlooking Khorfakkan Beach, in the emirate of Sharjah, both renowned for their scenic settings and natural beauty >>

ITB Berlin opens applications for the exclusive meeting place of leading international buyers
8 Nov 2021 : At last, on 1 November, applications are open for the ITB Buyers Circle at ITB Berlin 2022 >>

HIGHLIGHT ARTICLE

How Frictionless Payments Will Transform the Travel Experience (part 1 of 3)
Tuesday, 9th November 2021

The way we pay for goods and services has changed drastically over the past decade, driven by the convenience of mobile, new digital wallet options, contactless payments, QR codes, new approaches to authentication, and alternative payment methods. The list of paytech breakthroughs is extremely long. But what does this actually mean for the traveler? >>

Why Green Rooftops are Sprouting Around the World
Whether it’s carefully cultivated gardens or urban farms, a growing number of green roofs are growing atop buildings across the world’s cities >>

Global eNewsletter of November 08, 2021
Japan to reduce COVID-19 quarantine to 3 days, pandemic changed people, Net Positive Hospitality and more >>