The need to build resilience amid threat from rising seas, Dusit aims to double hotels to 100 and more...

The need to build resilience amid threat from rising seas
Monday, 7th August 2023

Domestic policies can help support growth in coming years, but long-term prospects also depend on the global community’s ability to prevent destructive global warming outcomes.

But while domestic policies can go a long way in fostering growth in coming years, Tuvalu’s long-term prospects also depend on the world’s collective ability to prevent destructive global warming scenarios.

This is because under a high global emissions scenario and with its existing infrastructure, the country may become uninhabitable by the end of this century as a result of rising sea levels >>

Dusit aims to double hotels to 100 worldwide by 2025
7 Aug 2023 : Thai hotel chain Dusit International is set for a massive expansion in China, India and Japan, seeking to double its hotels worldwide to around 100 by 2025 as global travel recovers from the coronavirus pandemic >>

Dubai welcomes marks a 17 % YoY growth in overnight and the city’s best Q1 performance since the pandemic
7 Aug 2023 : The growth, which sets the city on course to full tourism recovery, contributes to the goal of the Dubai Economic Agenda D33 launched this January, to consolidate Dubai’s status as one of the world’s top three cities >>

IHG introduces Vignette Collection to the UAE and Kuwait
6 Aug 2023 : IHG Hotels and Resorts announces the signing of franchise agreements with subsidiaries of Aqarat, a global hotel owner, in relation to two new Vignette Collection hotels which will launch IHG’s new collection brand to the Middle East later this summer >>

Iconic Hotels selects IDeaS to drive revenue performance across five properties in Australia
5 Aug 2023 : IDeaS announced that Iconic Hotels by Geocon has adopted IDeaS G3 Revenue Management System (RMS) across five of its Australian-based properties to automate daily pricing tasks and drive Average Daily Rate (ADR) performance >>

HIGHLIGHT ARTICLE

The Taylor Swift Economy
Monday, 7th August 2023

Taylor Swift’s Eras Tour is already 2023’s biggest and it’s less than halfway through, creating an outsized effect in those destinations lucky enough to be hosting the superstar.

We’ve recently explored the impact of major sporting and cultural events on hospitality markets, but one event that has really stood out this year is Taylor Swift's Eras Tour.

The tour’s focus on multi-date, arena-filling stops that hit major destinations over weekends is moving accommodation markets in even globally significant cities with deep pools of inventory >>

With Great Rates Come Great Guest Expectations
Even in the back half of 2023, every hotel is still contending with inflation in some way or another, likely passing these costs onto the customer >>

In case you've missed it: Global eNewsletter of August 04, 2023
SpendSmart Travel Trends - Q2 2023, Israel hotel market overview 2023 and more >>