Tourism recovery in Asia Pacific - April 2024, is overtourism becoming the new normal? and more...

Tourism recovery in Asia Pacific - April 2024
Wednesday, 24th April 2024

Japan remains the leader of tourism recovery in February, showing a 7% increase in travellers from the comparable month in 2019. Other leading countries, including Vietnam, Singapore, and Thailand, reached almost the same level of inbound travellers at the same time.

Overall, the tourism recovery shows positive signs across Asia Pacific, and is expected to reach pre-pandemic levels by early next year >>

UN hosts tourism for sustainable development event
24 Apr 2024 : The United Nations General Assembly has held a second thematic event focused on tourism and the sector’s critical role in critical role of tourism in advancing sustainable development and resilience >>

Caption by Hyatt experiencing momentum globally with hotels planned in the US and Asia Pacific
24 Apr 2024 : Hyatt celebrates the groundbreaking of Caption by Hyatt Chattanooga in Tennessee, set to open in early 2026. Following the debut of its first property in Memphis, Tenn. in 2022, the brand is poised to grow in several more key markets this year >>

Europe hotel transaction news - April 24, 2024
24 Apr 2024 : Hotel news and transactions from around the European region: Proprium sells 35% stake in Motel One to One Hotels, Morgan Stanley and Quinspark acquire Pullman Paris Tour Eiffel and more >>

HIGHLIGHT ARTICLE

Is Overtourism Becoming the New Normal?
Wednesday, 24th April 2024

Inflation or no inflation, concerns about the economy or no concerns, overtourism is becoming the new normal. Thousands protest in Spain's Canary Islands over mass tourism.

Overtourism could be eased by a comprehensive private-government strategy and organization, better price management and technology >>

The six pitfalls for full-service hotel development (3/4)
Hotel development is a complex undertaking. It requires little of the skills to operate and monetize the asset and owners and architects are often ill-equipped to measure up the requirements for running a successful hotel a few years down the road >>

In case you've missed it: Global eNewsletter of April 23, 2024
What next for real estate investors after Japan’s historic rate hike?, IHG launches new midscale conversion brand and more >>