International tourism is on track to recover almost 90% of pre-pandemic levels, MO announces second Japanese location and more...

International tourism is on track to recover almost 90% of pre-pandemic levels
Monday, 18th December 2023

World destinations welcomed 22% more international tourists in the third quarter of 2023 compared to the same period last year, reflecting a strong Northern Hemisphere summer season.

International tourist arrivals hit 91% of pre-pandemic levels in the third quarter, reaching 92% in July, the best month so far since the start of pandemic

An estimated 975 million tourists travelled internationally between January and September 2023, an increase of 38% on the same months of 2022 >>

MO announces second Japanese location with a trio
18 Dec 2023 : Mandarin Oriental Hotel Group has announced the development of three distinctive boutique properties in Japan, branded as Mandarin Oriental, Setouchi, strategically located around the picturesque Seto Inland Sea >>

Handwritten Collection opens its first property in Singapore
18 Dec 2023 : Handwritten Collection, a portfolio of carefully curated and charming hotels from Accor, is pleased to announce the opening of its first property in Singapore, the Hotel Faber Park Singapore – Handwritten Collection >>

An icon reemerges as Dusit completes topping off the ‘reimagined’ Dusit Thani Bangkok hotel
17 Dec 2023 : Dusit Thani Public Company Limited has taken another big stride towards the return of its renowned flagship hotel – Dusit Thani Bangkok – by officially topping off the newly built structure that stands on the same prime plot as the original property, which graced the Bangkok skyline from 1970 – 2019 >>

IHG opens its first Hotel Indigo in Malaysia
16 Dec 2023 : IHG Hotels & Resorts celebrates its 150th Hotel Indigo globally with the opening of Hotel Indigo Kuala Lumpur on the Park, marking the brand’s debut in Malaysia >>

HIGHLIGHT ARTICLE

How Resilient Is The Luxury Market? It Will Be Tested In 2024
Monday, 18th December 2023

Against a backdrop where the global luxury market will grow between 8% and 10% across all categories, the personal luxury segment’s growth is more muted, projected to advance by only 4% in 2023 at current exchange rates >>

F&B in Hotels: Loss Maker or Value Driver?
Panellists confirmed that hotel F&B operations do not necessarily have to be loss-making, although sometimes they might not make much money when they are supporting other, more profitable operations within a hotel, such as guest-rooms >>

In case you've missed it: Global eNews of December 15, 2023
Alipay partners with OTAs to boost China's inbound tourism, Saudi Arabia buys stake in Rocco Forte Hotels and more >>