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Hoteliers must adopt a multi-pronged approach for the return of Chinese tourism

SiteMinder

Many parts of the world are excited about the prospect of travellers from mainland China returning to their shores but, while your hotel can certainly benefit from the opportunity, there are no simple answers when it comes to planning and preparing for this. It also allowed citizens to travel during the Lunar New Year celebrations.

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JLL: Global hotel investment volume to accelerate in ’24

Hotel Business

Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%. Cities like London, New York and Tokyo have become attractive investment destinations.

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How the weak pound is driving tourism in the UK

Hotel Owner

Instead of expensive foreign travel, people are likely to favour more affordable holidays closer to home. . Whilst many had suggested a return to 2019 levels would not be seen till 2024, the luxury sector and the economy sector in Q3 performed as well as 2019 at the revenue level.

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How to Capitalize on Business Travel Rebound & Bleisure Trends

Revenue Hub

The recovery of business travel and the evolution of bleisure travel globally highlights the importance of adapting to changing travel trends. This adaptability allows hotels to stay relevant and appeal to the evolving preferences of modern travelers. There have been regional gains across the board.

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Is Wellness Tourism Part of Your Direct Channel Strategy?

Revenue Hub

Valued at $720 billion in 2019, wellness tourism’s economy is transforming nearly every aspect of travel. As we emerge from the pandemic, the Global Wellness Institute predicts an explosive annual growth of +21% in wellness tourism. In need of a little reminder of what wellness tourism is? Comwell Borupgaard.

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MRM Research Roundup: Mid-Year 2020 Edition

Modern Restaurant Management

in March, local businesses that could remain open had to quickly adopt new ways of serving customers, like more convenient communications, curbside pickups, local delivery and contactless payments. Consumers have become accustomed to the new forms of communications and services, and there’s no going back.” percent to 77.9.

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Slow Recovery of Chinese Tourism Industry Tells us a Lot

Revenue Hub

In 2019, China was the tourism market of the moment. NB: This is an article from Net Affinity Chinese tourists made up 220 billion in tourism revenue, (which was 20% of global tourism spend). Covid naturally undermined tourism demand. In travelling perhaps less often, but more mindfully?