US top 25 markets still behind 2019 occupancy even with continued return of groups and more...

US top 25 markets still behind 2019 occupancy even with continued return of groups and more...
Wednesday, 30th November 2022

The Top 25 Markets mostly trailed 2019 occupancy levels whereas a solid majority of markets outside of the Top 25 were ahead of the pre-pandemic comparable.

Among those Top 25 Markets, New York City continued its firm hold as autumn’s top occupancy market at a level of 84.7% for the four weeks ending 12 November—a small gain from the previous four weeks >>

Pan Pacific Hotels Group will double its serviced suites portfolio by 2023
30 Nov 2022 : With the Group’s greatest wave of expansion, its total Serviced Suites footprint will span ten properties in eight cities including Bangkok, Hanoi, Jakarta, Kuala Lumpur and Singapore >>

Sabre, Conferma Pay and Mastercard join forces to power the travel economy with virtual cards
30 Nov 2022 : Sabre Corporation and Conferma Pay announced a new partnership with Mastercard to accelerate the use of virtual cards for business-to-business (B2B) travel payments >>

Take and observations on HICAP, AOCAP and ITB 2022
30 Nov 2022 : AOCAP, HICAP, and ITB Singapore can be described as 'Reconnecting with Industry Leaders and Friends' >>

Second phase of InterContinental Khao Yai Resort features upcycled railway cars
30 Nov 2022 : Marking the final phase of its opening journey, InterContinental Khao Yai Resort unveils 19 Suites and Villas, housed within repurposed heritage railcars >>

HIGHLIGHT ARTICLE

Hotel Spas – Rewriting the Narrative
Wednesday, 30th November 2022

Spas have become a standard amenity at most hotels in recent decades, with several hotel chains placing a strong emphasis on offering top-notch spa facilities to guests.

According to a Global Wellness Institute report, prior to the pandemic, the spa industry was growing at a CAGR of 8.7%, reaching US$111 billion in revenue in 2019; hotel and resort spas accounted for over 40% of the industry’s revenue >>

Tourism Outlook 2023 and Inflation Will Weaken Retailers' Profits
Global tourism arrivals will increase by 30% in 2023, following growth of 60% in 2022 >>

In case you've missed it: Global eNews of November 29, 2022
Qatar’s hotel industry set to win big during the FIFA World Cup, travel and the emotional connection and more >>