Global hotel occupancy surpasses 2019 levels for the first time since the pandemic started, MGM and more...

Global hotel occupancy surpasses 2019 levels for the first time since the pandemic started
Thursday, 7th July 2022

Global hotel occupancy levels for April and May 2022 have exceeded pre-pandemic levels. Amadeus’ forward-looking data shows global hotel bookings in June, July, and August 2022 are on par with 2019 with the potential to grow significantly,

Data reveals transient average daily rate achieved on room bookings globally has increased by 11% over 2019 with the majority of hotel bookings still being made within a week of travel >>

Capella Hotels expands into Japan with new signing
7 Jul 2022 : Opening in mid-2025, Capella Hotels and Resorts will be making its debut in Japan with Capella Kyoto >>

Radisson signs brand-new upscale resort in Vietnam
7 Jul 2022 : Radisson Hotel Group has continued to expand its portfolio in Vietnam with the signing of a brand-new upscale resort in Mui Ne, the popular beachside destination on the country’s sun-soaked southeast coast, just a short drive from Ho Chi Minh City >>

MGM signs Shanghai
7 Jul 2022 : Diaoyutai MGM Hospitality announced it has signed a hotel management agreement with Shanghai West Bund Development to bring the famous MGM brand to Shanghai West Bund, the high-quality CAZ that carries the core functions of global cities >>

HIGHLIGHT ARTICLE

A Short Guide to Cost-Effectiveness – 6 Ways to Reduce the Pressure of Increasing Costs
Thursday, 7th July 2022

There’s no way you can avoid the topic of inflation if you’re reading or watching the news and with COVID-19, and now the Russian-Ukrainian conflict, we witnessed a massive increase in the costs of products and services.

It all started with energy and gas tariffs skyrocketing. Shortly afterward, other goods and services followed the same path. And the predictions are not very optimistic - The World Bank estimates that prices will remain historically high until 2024 >>

The Distributional Impacts of Worker Reallocation: Evidence from Europe
Using individual-level data for 30 European countries between 1983 and 2019, we document the extent and earning consequences of workers’ reallocation across occupations and industries and how these outcomes vary with individual-level characteristics >>

In case you've missed it: n Global eNewsletter of July 06, 2022
Air travel is a total mess, the data you store can break your guest experience and more >>