Asia poised to drive global economic growth, boosted by China's reopening, Hyatt plans to acquire Mr & Mrs Smith, Coronation and more...

Asia poised to drive global economic growth, boosted by China's reopening
Wednesday, 3rd May 2023

Asia and the Pacific is a relative bright spot amid the more somber context of the global economy's rocky recovery. The region will contribute about 70 percent of global growth this year—a much greater share than in recent years >>

Hyatt plans to acquire 100 percent of the asset-light Mr & Mrs Smith platform
3 May 2023 : Planned acquisition of global travel club platform presents opportunity for World of Hyatt loyalty program to expand and welcome even more members >>

Transactions see 18% decline in 2022 as interest rates surge
3 May 2023 : Hotel transactions across Europe failed to show the recovery expected during 2022 as confidence was hit by the Russian invasion of Ukraine which fuelled huge increases in energy and food costs, a rise in overall inflation and higher interest rates >>

Coronation, Eurovision driving UK hotel bookings
3 May 2023 : Multiple events in the UK, including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR’s Forward STAR data >>

Saudi Arabia is leading the GCC’s tourism development
3 May 2023 : ITIC session to shine spotlight on industry financing at ATM 2023, with more than 150,000 pipeline hotel rooms currently under contract in GCC >>

HIGHLIGHT ARTICLE

Why 2023 is the Year of Wellness for Hotels
Wednesday, 3rd May 2023

Lots of factors are converging to make wellness a central facet of society. You can point to the blooming awareness that occurred during the pandemic lockdowns, the constricting access to healthcare facilities stemming from the aging of the boomers or the astounding scientific research over the past decade that substantiates many wellness claims.

Ultimately, it’s about taking a more proactive stance with your own health >>

Why The Current (And Poor) Employee Engagement Landscape Could Be A Good Thing
Let’s get some bad news out of the way: worker mental health is suffering, with 91% of Gen Z workers feeling 'stressed', according to a recent survey >>

In case you've missed it: Global eNewsletter of May 02, 2023
Abu Dhabi based, Rotana marks its foray into the United Kingdom, to refund or not to refund? and more >>