Global Hotel Investment Outlook 2024: Hotel industry defies broader economy, soars to a full recovery, Adagio brand arrives in China and more..

Global Hotel Investment Outlook 2024: Hotel industry defies broader economy, soars to a full recovery
Tuesday, 30th January 2024

In 2023, the global lodging industry demonstrated resilience as RevPAR achieved a full recovery and by November, RevPAR had reached impressive levels ranging from 94% to 121% of 2019 levels across regions, with the Middle East, Europe, and the Americas leading the way.

While Asia Pacific (APAC) is still working towards full recovery, positive performance trends indicate that RevPAR is expected to surpass 2019 levels by the first quarter of 2024 >>

Accor brings long stay hospitality brand Adagio to China
30 Jan 2024 : Accor is excited to announce the Chinese debut of Adagio, Europe’s leading long stay aparthotels brand, with the signing of Adagio Chengdu Jianyang >>

IHG continues expansion of Vignette Collection in Thailand
30 Jan 2024 : IHG Hotels & Resorts announces the signing of its sixth Vignette Collection property in Thailand >>

MO introduces the group’s third property in Switzerland
30 Jan 2024 : Mandarin Oriental Hotel Group’s latest opening blends contemporary luxury with historic charm, providing exceptional experiences in the heart of Zurich >>

HIGHLIGHT ARTICLE

What Really Matters to Travel Industry Insiders When Making 2024 Travel Plans
Tuesday, 30th January 2024

Spending more, booking earlier, lost luggage fears and delayed revenge travel are some of the insights of a recent survey about 2024 travel planning. As compared to previous years, the survey indicates that travelers are demonstrating higher travel confidence, with most air tickets for leisure travel purchased at least three months in advance >>

Planning the Solutions to Drive More Direct Bookings
Have we reached 'peak OTA'? While the pursuit of ‘book direct’ has been a perennial goal since a hotel’s brand.com was first launched, right now there are a series of converging factors that are obliging technologists to upgrade their systems and take their integrated booking engines (IBE) to the next level >>

In case you've missed it: Global eNews of January 29, 2024
Minor Hotels targets 200+ new openings, hotel sustainability outlook for 2024 and more >>