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Global eNewsletter of July 29, 2022 4Hoteliers.com ~ Click title to read the article Friday, 29th July 2022
Israel sees rising tourism numbers, new hotel openings, refurbishments and more, plus Accor sees a very strong rebound...
Israel sees rising tourism numbers, new hotel openings, refurbishments and more Friday, 29th July 2022
The Israel Ministry of Tourism has announced that tourism arrival numbers, for the first time in over two years, are approaching the same record-breaking numbers of summer, 2019.
Since March of this year, the Ministry has seen exponential growth month over month, and the country expects to be back to pre-COVID, 2019 numbers very soon >> Accor sees a very strong rebound of the activity with Q2 above 2019 level 29 Jul 2022 : The Group’s business rebounded significantly in H1 2022 after two years of major pandemic-related disruptions in the tourism and hospitality industry >> Dart acquires Four Seasons Resort in Anguilla 29 Jul 2022 : Dart announced the addition of the Four Seasons Resort and Residences Anguilla to its luxury hotel portfolio, Dart acquired the property from an affiliate of Starwood Capital Group >> Recovery continues, workforce remains a challenge 28 Jul 2022 : Midway through 2022, the hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year, according to the AHLA’s 2022 Midyear State of the Hotel Industry Report >>
Critical Factors To Attract Hotel Investment Friday, 29th July 2022
The COVID-19 pandemic devastated the Travel & Tourism sector, leading to a GDP loss of nearly USD 5 trillion and 62 million job losses in 2020.
Meanwhile, capital investment in Travel & Tourism also fell substantially from USD 1.07 trillion in 2019 to USD 805 billion, representing a 24.6% drop. 2021 saw a further 6.9% decline in the sector’s investment to reach USD 750 billion.
As the sector begins to recover, it will be essential to attract sufficient capital investment to enable its full growth potential >> Events - Meeting Change Head On Despite the surge in demand we have seen in meeting briefs from March onwards, conventional wisdom among many corporate events professionals is that a full return to normality for the US$one and a half trillion won’t really happen until well into next year >> In case you've missed it: Global eNewsletter of July 28, 2022 Accor introduces MGallery brand in the Philippines, GBTA Foundation relaunches to advance people and planet initiatives and more >>
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