TODAY: Metaverse market in travel to record a 25%+ Y-O-Y growth in 2022.
Monday, 16th May 2022

The Metaverse Market in Travel and Tourism Industry is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

The Metaverse Market in the Travel and Tourism Industry size is expected to increase by USD 188.24 billion from 2021 to 2026, with an accelerated CAGR of 26.01% as per the latest market report >>

Hilton inducted into DiversityInc’s Hall of Fame
16 May 2022 : Hilton has been inducted into DiversityInc’s Hall of Fame for the Top Companies for Diversity. This honor follows Hilton placing #1 on the Top 50 Companies for Diversity list in 2021 and continuing to prove its leadership in diversity, equity and inclusion efforts >>

US hotel results for week ending 7 May
15 May 2022 : US hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through 7 May >>

Four Seasons announces luxury development in Doha, private residences and serviced apartments
15 May 2022 : All-new beachfront property, at The Pearl-Qatar, will include expansive furnished suites and a full-range of on-site amenities for a residential-style experience and the best of luxury living >>

HIGHLIGHT ARTICLE

Building a Business Case for Revenue Management
Monday, 16th May 2022

Exclusive Feature by Tracy Dong, IDeaS:
In a disrupted market, with low or fluctuating occupancy levels, many hoteliers are having to limit operational costs where possible.

This makes sense and hotels today should only invest in systems that will directly improve their revenue performance and deliver a business return >>

Confronting Fragmentation
In today's edition we focus on geopolitical fragmentation and competing systems for cross-border payments, Korea's recovery and stagflation concerns, policy coordination in the euro area, economic expertise in fragile states, the Ukraine war's impact on sub-Saharan Africa, a rise in social unrest, and much more >>