Madrid is smashing the rate ceiling, AI overhyped or underrated? and more...

Madrid is smashing the rate ceiling
Friday, 9th August 2024

As the capital of Spain, Madrid holds a prominent position as a cultural, economic and political hub in Europe.

The city's tourism sector, which was heavily impacted by the COVID-19 pandemic, experienced a gradual recovery from the latter half of 2021, buoyed by successful vaccination campaigns and the easing of travel restrictions both domestically and internationally >>

IHG signs first Vignette Collection in Kazakhstan
9 Aug 2024 : The property will become IHG’s second luxury and lifestyle hotel in Kazakhstan, joining InterContinental Almaty >>

tiket.com and Amadeus expand technology partnership
8 Aug 2024 : Long term partnership will expand tiket-com’s access to travel content, tiket-com will benefit from adoption of latest technologies to offer its customers a better travel experience >>

Premia to acquire two hotels in Greece
8 Aug 2024 : Greek real estate investor Premia Properties has entered into an agreement to acquire the four-star, 534-room Sunwing Kallithea Beach hotel in Rhodes and the four-star, 262-room Sunwing Makrigalos & Ocean Beach Club hotel in Crete >>

HIGHLIGHT ARTICLE

Overhyped or Underrated? CWT Tech Leaders on Gen-AI in Business Travel
Thursday, 8th August 2024

The future impact of AI is a leading topic of conversation on tech panels and at dinner tables the world over.

it’s Gen AI’s ability to predict an outcome with accuracy that appeals to the masses at the moment. Given the eye-popping speed, hype and investment that has gone into developing AI, some believe we’ve already become disillusioned.

Market research firm Gartner said in its 2023 AI Hype Cycle paper that generative AI was at the 'peak of inflated expectations' and fast reaching the 'trough of disillusionment' >>

The Next Luxury and Lifestyle Segment Evolutions
Venturing down to the Big Apple for the NYU International Hospitality Industry Investment Conference (IHIIC) is an enlightening must-see event, often a forerunner for many trends that will ripple through every property in every category >>

In case you've missed it: Global eNewsletter of August 07, 2024
LVMH expands hotel offering into Sardinia, more airlines are cancelling flights to Israel and more >>