Global hotel room rate trends, Morocco’s tourism industry booms in 2023 and more...

Global hotel room rate trends
Tuesday, 8th August 2023

Consumer spending on travel has shown remarkable resilience, as people eagerly plan vacations to popular destinations around the world.

In the first half of 2023, the global hotel industry has experienced steady growth in Average Daily Rates (ADR), indicating a positive trend, with Europe and Asia now at the forefront.

Encouragingly, all global regions have witnessed an increase in hotel rates compared to the previous year, reflecting a widespread continuation of spending growth in the global tourism and travel market >>

Morocco’s tourism industry booms in 2023
8 Aug 2023 : Morocco’s tourism sector is experiencing a remarkable comeback as the country reports a record-breaking 92% increase in tourist arrivals at its borders during the first half of 2023 >>

US hotel results for week ending 29 July
8 Aug 2023 : US hotel performance declined slightly from the previous week but showed improved comparisons year over year >>

ONYX launches Amari Raaya Maldives
8 Aug 2023 : The launch marks ONYX Hospitality Group's strong foothold in the hotel business across Southeast Asia, showcasing its readiness to compete with global brands >>

HIGHLIGHT ARTICLE

How can Predictive Demand Intelligence Drive Improved Occupancy and RevPAR at Your Hotel?
Tuesday, 8th August 2023

Market Insight is the industry's first predictive market intelligence tool that captures hotel booking intent in real time, to uncover new revenue opportunities with forward looking data.

Market Insight utilizes a blend of cutting-edge data sources that aggregate constantly updated and precise search data from various channels, including OTAs, meta searches, global distribution systems (GDS), online reviews, rankings, flight searches, events, holidays, and short-term rental inventory data >>

Lease, HMA or Franchise – Which Model is Best Suited to Today’s Investor?
It has always been hard to convince real estate investors that they should look favourably at operational models other than the traditional FRI lease, such as management contracts and franchise agreements >>

In case you've missed it: Global eNewsletter of August 07, 2023
The need to build resilience amid threat from rising seas, Dusit aims to double hotels to 100 and more >>