74% of global markets increased RevPAR to start 2024, Mondrian to open in Downtown Bucharest and more...

74% of global markets increased RevPAR to start 2024
Monday, 18th March 2024

STR's global 'bubble chart' update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023.

Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year >>

Mondrian to open in Downtown Bucharest
18 Mar 2024 : Inspired by the Romanian fairytale 'Youth Without Age and Life Without Death', Mondrian Bucharest artfully blends innovation and tradition to bring something entirely new to the Romanian capital’s hospitality scene >>

Pan Pacific is the first Singapore hotel group to attain prestigious GSTC multi-site certification
17 Mar 2024 : Pan Pacific Hotels Group (PPHG) has attained the Global Sustainable Tourism Council (GSTC) Industry Criteria for Hotels certification for its Singapore properties >>

FTC's statement regarding the termination of Choice proposed takeover of Wyndham
16 Mar 2024 : The Federal Trade Commission has learned that Choice Hotels International has abandoned its proposed acquisition of Wyndham Hotels & Resorts and withdrawn its nominations to replace Wyndham’s Board of Directors >>

Accor signs 2 hotels in Jinghe New City in northern Xi’an
16 Mar 2024 : Accor, together with Jinghe New City Industrial Development Group, is pleased to announce the signing of an exciting new dual-branded hospitality project in the Qin Zhihui Complex of Jinghe New City in Xi’an >>

HIGHLIGHT ARTICLE

Voice Channel Resilience and Added Value for Upscale and Luxury Hotels
Monday, 18th March 2024

One counterintuitive observation of recent is that, even in a world of flashy websites and intelligent booking engines, the voice channel is still a very important part of the prebooking and prearrival stages of the journey for luxury guests.

While we would never imply that ecommerce isn’t critical for hotels or besmirch the scalability that cloud-based tech can provide, preferences change once you start charging a ton of money for a room >>

Transparency is Key to a Successful Buyer/Supplier Relationship
In the business travel world, buyers and suppliers often engage in a delicate dance of collaboration – and transparency emerges as the unseen choreographer. It guides every step and ensures a harmonious partnership >>

In case you've missed it: Global eNewsletter of March 15, 2024
IHG hits 1,000 open hotels milestone in Asia Pacific, Swift drives room rates in Australia and more >>