Tourism Recovery – Update on Chinese outbound travellers, Sri Lanka abandons sale of its airlines and more...

Tourism Recovery – Update on Chinese outbound travellers

Monday, 29th July 2024

While many countries worked on plans to bring back Chinese travellers after the pandemic, the recovery is slower than expected. In 2023, it is estimated that the number of outbound Chinese travellers will be about 87million.

Among all the destinations in Asia Pacific, Macau, Singapore, and Korea are the top three markets that saw a stronger return of Chinese travellers in 2024. The Maldives, notably, sees an 87% recovery in Chinese travellers compared to the figures in 2019 >>

Minor Hotels Europe & Americas receives SBTi validation
29 Jul 2024 : Group pledges 90% reduction in total greenhouse gas emissions, and net zero emissions along its value chain, in new 2050 goal >>

Sri Lanka abandons sale process of SriLankan Airlines
28 Jul 2024 : The cabinet of ministers has terminated the current sale process of SriLankan Airlines, Sri Lanka’s State Owned Enterprises Restructuring Unit said >>

Singapore's Marina Bay Sands to invest S$4B+ to expand
27 Jul 2024 : The expansion of Marina Bay Sands will see the addition of significant tourism offerings to the property >>

HIGHLIGHT ARTICLE

A Step-by-Step Guide to Implementing Data-Based Pricing Strategies
Monday, 29th July 2024

The ongoing manual calculations and pricing updates across all your distribution channels are huge headaches to most hoteliers, especially if pricing isn’t your only responsibility at your property.

While it might be simple for us to tell you that all you need to do is get a revenue management system (RMS) and it will do all the hard work for you, but I also understand that switching to a high-tech solution, when you’re used to using Excel spreadsheets to calculate your pricing, might feel a bit overwhelming >>

The Road to Hotel Profitability: Adopting Flow Through + Flex Metrics
When measuring hotel profitability, two key metrics stand out: flow through and flex: Flow through measures the percentage of additional profit from each extra dollar of revenue, while flex gauges the ability to save profit during revenue shortfalls >>

In case you've missed it: Global eNewsletter of July 26, 2024
Raffles to debut in Tokyo, wellness hotels surge in global market and more >>