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North America
WTTC Projects Record-Breaking Year for Travel
The World Travel & Tourism Council predicts 2024 will be a record year for the sector, with an economic contribution expected to hit $11.1 trillion, indicating robust growth and significant job creation. -
North America
Las Vegas Lifts U.S. Hotel Performance
U.S. hotel performance in February 2024 saw modest revenue gains driven largely by Las Vegas and major events, with luxury and upscale chains leading growth amidst varied demand across other segments. -
Asia-Pacific
India Hotel Investment Activity Recap
India’s hospitality sector in 2023 saw a record investment of $401 million, marking a near fourfold increase from 2022, with robust growth in hotel transactions, signings, and openings, particularly in tier-two cities, and an optimistic revenue growth forecast for FY2025 driven by spiritual tourism. -
Asia-Pacific
Thailand Is Considering Casinos
Thailand’s legislature is considering legalizing casino resorts, anticipating a potential increase of US$12 billion in tourism revenue. -
North America
IHG’s New Prototypes for 3 Brands
IHG Hotels & Resorts unveiled new prototype options for Staybridge Suites, Candlewood Suites, and Atwell Suites, set to roll out by Q2 2024 and debut in properties as early as 2025. -
North America
Blackwells Withdraws Offer to Purchase Braemar Hotels
Blackwells Capital attempted to buy Braemar Hotels & Resorts, failed, and is now trying to elect four directors to BHR’s board despite owning a minimal amount of shares, facing opposition and legal action from BHR. -
North America
Hampton by Hilton Unveils New Brand Identity
Hampton by Hilton announced a new North American prototype and the unveiling of a refreshed global brand identity, with key updates for both Hampton InnĀ andĀ Hampton Inn & Suites. -
North America
Club Med Says It’s Hit a Milestone
Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever. -
Asia-Pacific
Oberoi to Double Its Hotel Room Count by 2030
Oberoi Group plans to open 50 new hotels by 2030, doubling the number of rooms under management. -
Asia-Pacific
Hyatt’s Pipeline is 40% in China
Hyatt aims to expand its presence in China’s economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities.