article thumbnail

Rates Refuse to Fall: Hotel Industry Faces Uncertainty as Global and Domestic Pressures Build

Lodging Magazine

In a financial climate once thought to be trending toward lower interest rates, recent market behavior has upended expectations, revealing stubbornly high rates despite the Federal Reserve’s most recent cut.

article thumbnail

Singapore Sling: Branded Residences Growth In Asia Surges As Second-home Buyers Flee Domestic Market

Hospitality Net

The branded residences market in Asia is soaring as buyers from across the world purchase second homes in playground cities or tropical resort destinations. Singapore has a branded residences market value of USD 2.78 Singapore has a branded residences market value of USD 2.78 a marketplace valued at USD 26.6

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How hoteliers can ride the revival of domestic tourism

Hotel Owner

The tourism and hospitality sector are growing precipitously – but what has often gotten lost amidst the din is the extraordinary revival of domestic tourism. According to McKinsey’s recent report on the state of the sector, in 2023 75% of trips worldwide were taken domestically. Even in Western Europe this figure sits at 58%.

article thumbnail

Best Practices for Hospitality Marketing

Modern Restaurant Management

Many hoteliers and restaruanteurs have wondered what to do about their marketing, do they pause it, carry on, spend less, spend more? But the question remains, what should they do about marketing during a pandemic like coronavirus? What You Can Do with Your Marketing Budget. Focus on Digital Marketing.

Marketing 207
article thumbnail

8 Ways to Attract Domestic Travelers to Your Hotel

Revenue Hub

With the exchange rate being favorable, many travelers have recently taken off for international destinations, but the domestic market is still going strong. But don’t take domestic travelers for granted. Repeat guests splurge more and cost fewer marketing dollars to attract too.

Article 104
article thumbnail

Exquisitely Experiential Meetings and Events at the Fairmont Rio de Janeiro Copacabana

Larry Mogelonsky

From the extensive tour of all meeting facilities, culinary, spa and the overnight experience, its abundantly clear why this luxury property is the top choice for domestic as well as international corporate events and social groups held in this iconic Brazilian city, and possibly also the top choice for the entire country.

Events 130
article thumbnail

U.S. Travel Predicts International Inbound and Domestic Business Travel to Remain Low

Lodging Magazine

Travel Association released its biannual forecast for travel to and within the United States through 2027, showing that international inbound and domestic business travel will remain below pre-pandemic levels in 2024. ranked 17th out of 18 top markets for travel due to decades of underinvestment and […] The post U.S.