Portugal’s travel & tourism sector enters golden era, Shangri-La unveils its new ultra-luxury brand and more...

Portugal’s travel & tourism sector enters golden era
Wednesday, 9th July 2025

Portugal’s Travel & Tourism sector is set to continue growing in 2025, following a landmark year in 2024 that saw the industry surpass all previous peaks across economic contribution, employment, and visitor spending.

The sector is expected to support 1.2 million jobs across the country; that is close to one in four jobs in Portugal, 200,000 more than at its previous high >>

Shangri-La unveils its new ultra-luxury brand
9 Jul 2025 : Shangri-La Group proudly announces the official launch of its new ultra-luxury brand, Shangri-La Signatures, with the grand opening of its inaugural property: The Silk Lakehouse, Shangri-La Hangzhou >>

US hotel results for week ending 28 June
9 Jul 2025 : The US hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 28 June >>

Europe hotel transaction news - July 08, 2025
8 Jul 2025 : Spring Hotels acquires Mare Nostrum Resort Tenerife from Brookfield Spanish owner-operator Spring Hotels Group has acquired the 1,037-room Mare Nostrum Resort Tenerife, Spain, from Canadian investment firm Brookfield Asset Management’s operator Selenta Group, for €430 million (€414,700 per room) >>

HIGHLIGHT ARTICLE

Press Room Best Practices: 6 Tips for PR Success
Wednesday, 9th July 2025

It’s easy to overlook the press room as a standard PR tactic that simply checks a box. But savvy communications professionals know that the press room is a prime space to showcase a brand’s innovation, creativity, and differentiators >>

Signs Your Hotel’s Outdated Tech Is Costing You Guests
The guest experience is key and sticking with old IT systems might save money initially, but hidden costs can ultimately be higher than the costs of upgrades >>

In case you've missed it: Global eNewsletter of July 08, 2025
Southeast Asia’s hotel markets shift focus as growth cools, insights tracking the future-defining trends and more >>