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Slow Tourism: A New Era in Guest Experiences

Hotelogix

Slow tourism emphasizes mindfulness—being present in the moment. trillion (inflation-adjusted) by 2028. This growth presents a significant opportunity for hoteliers to tap into the slow tourism market and create unique, memorable experiences for their guests. Travel Winter 2025 Forecast projects that total U.S.

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Accor reaches 1,000 Mercure hotels milestone

Hotel Owner

With the largest development pipeline in Accor’s portfolio, Mercure has more than 200 additional hotels set to open by 2028. The achievement of more than 1,000 destinations cements the brand’s position as one of the world’s leading portfolios of midscale hotels, present in almost every corner of the globe.

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Leonardo Hotel Newcastle brought to market for £31.8m

Hotel Owner

this year, rising to 9.86% in 2028, and 11.05% in 2033. With an Average Daily Rate (ADR) of £69, Newcastle has the lowest ADR of all the regional markets, presenting an attractive proposition for budget-friendly overnight stays. If sold for £31.8m, the purchaser can expect a running yield of around 8.5%

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2024 global business travel spend expected to hit record $1.48T

Hotel Business

Additionally, by 2028, it is projected to exceed $2 trillion, highlighting a robust path ahead for the business travel sector in terms of spending. However, the outlook for economic and business travel growth presents a balance of both potential upside factors and downside risks. trillion by the end of 2023.

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Integrated Marketplaces Bridge The Technology Gap In The Restaurant Ecosystem

The Restaurant Times

Technology presents unique solutions for restaurants to differentiate themselves and for owners to run their businesses more efficiently. billion by 2028. percent between 2021 to 2028. Based on our recent PRIME report , the UAE restaurant industry is looking to embrace technology and new methods of managing operations.

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Today’s news in brief – 27/2/24

Hotel Owner

With additional potential for development, including plans for spa facilities or additional guest rooms, the property presents an enticing investment opportunity. With expansions in France, Belgium, and upcoming openings, including a site in London’s Whitechapel, Adagio continues its growth trajectory towards 200 aparthotels by 2028.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

NREP is committed to becoming entirely carbon neutral by 2028 – encompassing both operational and embodied carbon – and the new internal carbon tax will be a key driver in this ambition. Other firms will need to follow their lead. billion by 2032, a projected increase of more than $15 billion over the last decade.