US business travel industry responsible for almost 2% of US GDP, Rotana's first property in Madinah and more..

US business travel industry responsible for almost 2% of US GDP
Friday, 7th June 2024

The Global Business Travel Association (GBTA) today unveiled a new study, the 'GBTA US Economic Impact Study: Business Travel’s Impact on Jobs and the US Economy,' which quantifies the significant economic impact of traveling for work in the US.

GBTA’s study reveals for every 1% of growth in business travel, the US economy sees nearly 60,000 jobs, $2.9 billion in paid wages, $1.2 billion in tax revenue and $4.8 billion in new GDP >>

Rotana's first property in the holy city of Madinah
7 Jun 2024 : Rotana is thrilled to announce the opening of Al Manakha Rotana in Madinah, Kingdom of Saudi Arabia >>

Minor Hotels introduces NH Collection in Sri Lanka
7 Jun 2024 : Global hotel owner and operator Minor Hotels has added two properties in Sri Lanka, marking the introduction of its upper-upscale NH Collection Hotels & Resorts and upscale NH Hotels & Resorts brands in the country >>

Holiday Inn returns to Kyoto
7 Jun 2024 : Holiday Inn Kyoto Gojo will be the eleventh hotel under the Holiday Inn brand family in Japan >>

HIGHLIGHT ARTICLE

The Social Impact of Global Tourism

Friday, 7th June 2024

This report from WTTC and the Sustainable Tourism Global Center and supported by Oxford Economics, examines the social footprint of the Travel & Tourism sector globally, broken down by age, gender and wage.

In addressing youth and female employment, the report discusses how the Travel & Tourism sector contributes to the job market for young individuals and female workers >>

Deeper Labor Challenges Arise
The difficulty of attracting workers to fill line-level positions within hotels lessened somewhat in 2023.

Reductions in hotel amenities and services, more efficient use of technology, longer lengths-of-stay, and enhanced training have enabled hotels to operate with fewer employees than they have in the past. On the other hand, executive committee-level positions are staying open >>

In case you've missed it: Global eNewsletter of June 06 2024
Insights from our 2023-2024 hotel management sentiment survey, Asia's growth and inflation improves, but risks remain and more >>