Luxury travel market size to grow by USD 1Tn+ and Europe to contribute 30%, Hotels For Sale Globally adds 4 more countries and more...

Luxury travel market size to grow by USD 1Tn+ and Europe to contribute 30%
Tuesday, 28th June 2022

The latest market analysis report titled Luxury Travel Market by Type, Consumer, and Geography - Forecast and Analysis 2021-2025 identifies the market potential growth.

The luxury travel market is also anticipated to witness a decelerating growth momentum at a CAGR of 25.7% during the projected period.

But the market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market >>

News from around Asia Pacific
28 Jun 2022 : Hotel industry and travel news from around the Asia Pacific region: Singapore Investment Corp and APG jointly acquire major stake in The Student Hotel, Melbourne’s St Kilda Road Office to redeveloped for mix-use and more >>

Hilton expands its wellness platform
28 Jun 2022 : Hilton has announced a new industry-leading caregiving initiative designed to support team members on their caregiving journeys >>

Hotels For Sale Globally adds 4 more countries to its database of global hotels for sale
26 Jun 2022 : HotelsForSaleGlobally, a wholly-owned division of Hong Kong based, Lifestyle Concepts Group is pleased to announce that it has added several additional hotel assets for sale to its portfolio >>

HIGHLIGHT ARTICLE

Putting The Guest At The Forefront Of Revenue Decisions
Tuesday, 28th June 2022

The latest edition of the Pulse Report showed that lodging demand and pricing are moving in a positive direction, and booking pace remains off the charts.

However, guest review scores are sequentially declining due to numerous operating headwinds and are now -3.5% off 2019 guest satisfaction levels >>

The True Heart of Hospitality Is Human Kindness, Especially To Strangers
As a hospitality industry trainer specific to the lodging industry, I am always interested to learn what the word itself means to people across the spectrum of culture, language, and other human demographics >>

In case you've missed it: Global eNewsletter of June 27, 2022
Banyan Tree debuts in Japan with five upcoming properties, Jeddah and Berlin hotels reported highest performance and more >>