Hotel property tax relief varies by geography, return of offsite meetings falters in 2024 and more...

Hotel property tax relief varies by geography
Wednesday, 4th October 2023

Based on a sample of more than 3,000 hotels from CBRE’s Trends® in the Hotel Industry database, US hotel property tax expenditures averaged $2,626 per available room (PAR) in 2022.

This is 10.8% less than the PAR recorded in 2019, before the COVID-19 pandemic. Concurrently, the earnings before interest, taxes, depreciation, and amortization (EBITDA) for these same properties fell by 1.7% >>

Return of offsite meetings falters in 2024
4 Oct 2023 : Nearly half of all UK businesses will have held at least one meeting in an offsite location by the end of this year >>

Wyndham surpasses 100 open hotels in Turkey
4 Oct 2023 : Key openings solidify Wyndham's position as Türkiye's largest international hotel company with plans for further expansion in 2023 >>

PolyU - WTTC to define the future of retail tourism
29 Sep 2023 : The School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University has joined hands with the World Travel and Tourism Council (WTTC) to support the sustainable development of global tourism >>

HIGHLIGHT ARTICLE

Why Brand Voice Matters
Wednesday, 4th October 2023

Successful brands form bonds with their audience — evoking emotion and trust, and building anticipation for the experience. At the core of that brand-audience relationship?

In order to have strong communication, a brand needs a clear brand voice. We like to frame it like this: if a brand were a person, “brand voice” would be their personality >>

Customer-Centric Growth: Unlock 7 Success Factors
In today’s rapidly evolving business landscape, achieving customer-centric organic growth has become paramount for every organization striving to stay competitive and thrive in their respective industries >>

In case you've missed it: Global eNews of October 03, 2023
Saudi Arabia targets 100 and 150 million tourist visits in 7 years, Anantara rolls out Dollar for Deeds CSR Program and more >>