CBRE forecasts enhanced USA RevPAR growth in 2023, Paris is currently the world’s most powerful city and more...

CBRE forecasts enhanced USA RevPAR growth in 2023
Tuesday, 31st January 2023

Despite projections of persistent inflation and a moderate economic recession, CBRE’s forecast calls for a 5.8% increase in rooms revenue per available room (RevPAR) in 2023. This is up from CBRE’s previous forecast of a 5.6% increase in RevPAR for 2023 >>

Paris is currently the world’s most powerful city
31 Jan 2023 : New research from the World Travel & Tourism Council has revealed that Paris is currently the world’s most powerful city, however, it predicts that it is likely to be overtaken by Beijing by 2032 >>

Six Senses Napa Valley is slated to open in 2026
31 Jan 2023 : Six Senses is taking its wellness and sustainability formula to a sanctuary in Napa County, an agricultural haven producing some of the world’s most sought-after wine >>

Ascott is set to debut The Crest Collection
31 Jan 2023 : Drawing on unique charm of heritage rich locales, eight properties have been secured globally with three signings in Asia, including The Robertson House by The Crest Collection in Singapore >>

Marriott returns to Panama City
31 Jan 2023 : Marriott Hotels announced the opening of Marriott Panama Hotel, with a strategic location connecting the city to the road to the Panama Canal, and views toward the mountains >>

HIGHLIGHT ARTICLE

Luxury Brands Must Prepare For A Reset: Here's The How And Why
Tuesday, 31st January 2023

Over the last three years, the luxury market has experienced a whirlwind of change and in the lead-up to the pandemic, the personal luxury goods market grew 7% in 2019, reaching $300 billion globally.

Then in 2020, it suffered a sharp decline, dropping an unprecedented 22 percent to $235 billion, followed by a remarkable rebound in 2021 to $302 billion.

However, since the past is often the best predictor of the future, a different outlook is suggested based on results from the Great Recession of 2008 and 2009 >>

A Breath of Fresh Air for Luxury Hotels
Trees, potted plants and 'green walls' may not be conventional forms of interior design, but with growing demand for sustainable, eco-friendly hospitality, hotels are upping their efforts to incorporate 'green atmospherics' into their indoor spaces >>

Global eNewsletter of January 30, 2023
Customer Experience as the number one brand differentiator, UNWTO at FITUR 2023 and more >>