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Queenstowns Nugget Point Hotel is set to relaunch as Coronet Ridge Resort, a five-star luxury alpine retreat, following a NZ$30 million full-scale redevelopment. This level of investment demonstrates New Bay Groups strong commitment to the tourism sector and ensures that New Zealands hotel inventory continues to grow, said Davies.
In this blog, well explore how hoteliers in India, especially in nearby cities like Varanasi, Gorakhpur, Chitrakoot, Lucknow, and Ayodhya, can prepare to accommodate the surge in travelers and capitalize on this once-in-a-lifetime event. billion) in economic activity, with a significant portion benefiting the hospitality and tourism sectors.
The environment for investment, refurbishment and upgrades in Fiji has never been better, writes Tourism Fiji CEO, Brent Hill. Tourism in Fiji remains a vital contributor to our economic growth – contributing 40% of the nation’s economy and having strong flow on effects into many sectors such as agriculture, retail and logistics.
Get the full story at CoStar Related must-reads Booking.comâs 2025 European Accommodation Barometer - Europeâs accommodations sector heads into peak season with strong optimism, yet small and independent properties face persistent hiring and digital adoption challenges.
It is estimated that the global sports tourism market was $1.1 The hotel industry has quickly recognized the economic potential in aligning itself with sports tourism. As do many sports fans, travel teams and game enthusiasts. trillion in 2023 alone and is projected to reach $2.4 trillion by 2030. That’s trillion with a T.
This year also marks a pivotal year for wellness – longevity is set to dominate the sector, and the demand for medical wellness tourism is increasing exponentially. Velaa is at the very forefront of scaling its product and technology innovations to meet consumer demand seen in its recently opened, industry-defining Wellbeing Village.
“With its simply immaculate location, stunning natural beauty, and existing infrastructure including a recently constructed jetty, South Molle Island presents as a one-of-a-kind development opportunity in arguably the Asia Pacific region’s most coveted resort destination,” said HTL Property National Accommodation Director, Andrew Jackson.
Get the full story at The Philadelphia Inquirer (subscription required) Related must-reads Booking.comâs 2025 European Accommodation Barometer - Europeâs accommodations sector heads into peak season with strong optimism, yet small and independent properties face persistent hiring and digital adoption challenges.
These systems enable hotels to deliver personalized experiences at scale, ensuring every guest feels seen and valued without requiring additional work from employees. Hyper-Personalization Powered by AI Did you know that the AI market in hospitality and tourism is projected to grow from $15.69 billion in 2024 to $20.47
This agreement reflects our ongoing commitment to combining Marriott’s global scale with local expertise—delivering efficient, high-quality accommodations and providing access to our powerful platforms and the Marriott Bonvoy ecosystem.” Advertisements “We’re excited to continue our collaboration with FÁBRICA DE HOTÉIS.
While luxury travel remains relatively stable, budget and mid-range accommodations are feeling the pinch â a sign that inflation fears and political uncertainty may be tempering consumer confidence. Lower-income households scaling back : Bank of America data shows the sharpest decline in travel spending among lower-income Americans.
Get the full story at Travel Noire Related must-reads Booking.comâs 2025 European Accommodation Barometer - Europeâs accommodations sector heads into peak season with strong optimism, yet small and independent properties face persistent hiring and digital adoption challenges.
This partnership highlights the expanding global reach of New Zealands technology-driven service industry, reinforcing its capability to support large-scale hospitality businesses worldwide. The MoU was signed at the iconic Taj Mahal Hotel, Mumbai, in the presence of New Zealand Prime Minister Christopher Luxon.
Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. Budget reductions on this scale, with just $15.5m AA said that Visit Victoria typically receives AU$32.5
Ahead of the inaugural AHICE Fiji Islands Investment in Tourism Summit on July 3-4 , Tourism Fiji CEO, Brent Hill, spoke exclusively to HM about the strong demand for holidays in the South Pacific. Brent Hill, Tourism Fiji Tourism in Fiji is booming! Register now for AHICE Fiji Islands Investment in Tourism Summit.
Quest Apartment Hotels is on a mission to make its hotels more accessible for people with disability, through a strategic partnership with Accessible Accommodation. billion (17%) of Australia’s total tourism revenue, according to research published by Accessible Accommodation and Spinal Cord Injury Australia (SCIA).
TFE Hotels has established roots in Docklands, having operated the mid-scale Travelodge brand on Aurora Lane since 2010,” said TFE Hotels Group Chief Operating Officer, Chris Sedgwick.
While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.
The range of hospitality, leisure, entertainment and accommodation options provided by THE RIG. include three hotels totaling 800 rooms, along with 11 restaurants, an extreme sports and adventure park, a world-class marina, and helipads.
A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.
The AU$95 million Black Rock Motor Park at Wakefield will include a 5.25km driving circuit, designed by global F1 track design leader, Tilke Group, luxury accommodation, a function centre, cafe and go-kart track. The park is expected to be operational within two years, with construction finalised about 12 months later.
Growth rates are subdued across the region driven by weaker than forecast inbound tourism and persistent levels of inflation and interest rates. The regional workers’ accommodation fund is witnessing high demand and oversubscription. This growth trend presents opportunities for corporate development and conversion strategies.
Mercure Brisbane Spring Hill is in an excellent position overlooking the CBD and the accommodation make-up of traditional rooms as well as one and two-bedroom suites suits families, groups, and the corporate market well,” said Accor Pacific Chief Operating Officer PME, Adrian Williams.
This is a trend which, when partnered with the scale and economic trajectory of markets like China and India, will be important for the accommodation industry to prepare for. For accommodation providers, this will equate to a boom of lucrative new guests. Looking beyond, steady year-over-year growth is also expected.
What are tourism trends? Tourism trends reflect evolving patterns and preferences in travel, influenced by factors such as technological advancements, socio-economic shifts, and changing consumer behaviours. Table of contents Why keep up with new trends in tourism?
Impact of MICE on The Hospitality Industry In the busy world of hospitality, MICE tourism emerges as a powerful catalyst, reshaping the landscape of hotels and accommodations. In simple words, MICE tourism encourages hotels to make their property even better. In simple terms, MICE tourism helps hotels become more popular.
Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 billion by the end of 2023.
Smoky Mountain Resorts combines family-friendly accommodation with the exhilaration of adventure across three Tennessee locations. Director of Commercial Strategy , Heather Minyard , takes great pride in creating experiences tailored to meet the unique needs of guests.
” The tourism market in Greece is set to record a healthy growth rate and the largest segment of the Greek travel and tourism market is hotels. Bob W’s latest acquisition will see the operator capitalise on this growth market as it proactively expands its footprint across Europe’s rapidly evolving short-term stay sector.
It is connected to travel and tourism – but goes beyond the bounds of those sectors. While the travel and tourism industry caters to holiday makers and those who have travelled away from their home, hospitality offers services to tourists, travellers, locals and anyone else who may be in the area. Travel and tourism.
In 2024, travel and tourism added $11.1 Travel advertising involves promoting tourism-related services, destinations, or experiences to attract and engage travelers. Travel advertising involves promoting tourism-related services, destinations, or experiences to attract and engage travelers.
VANCOUVER — The BC Hotel Association (BCHA) has launched innovative initiatives aimed at greening the accommodation sector. Additionally, BCHA’s Biosphere designation is a testament to its unwavering dedication to environmental stewardship, sustainable practices and responsible tourism.
tourism marketing agency to reassess its plans just weeks ahead of its major "America the Beautiful" campaign launch. Brand USAs FY2024 funding: $68.5M in partner contributions, $63M in-kind, and $119.3M in promotion funds â previously matched by the government, now capped.
As Ireland’s tourism industry continues to thrive, with a projected 3.97% annual growth rate in 2024, luxury destinations like Galgorm Resort are embracing innovative technologies to maintain their position as leaders in hospitality. Transforming guest inquiries into direct bookings worth over £267,000!
Be it that your company offers the cheapest weekly rate hotels or large-scale exclusive operations, these changes are not random; they are reflective of larger global trends and shifts in consumer behavior, technology, and sustainability. Over the past years, we’ve seen dramatic shifts in the way the hospitality industry operates.
billion riyal] from the Saudi government and investment community as the Kingdom builds up its travel and tourism industry for a wave of international visitors in the coming years. Such numbers could make Saudi Arabia one of the top five global tourism destinations in the world.
According to Tourism HR Canada’s Canadian Tourism Labour Market Snapshot: June 2024, Canadian accommodations lost nearly 22,800 people over the past 12 months — a net decrease of 12.8 This stands in contrast to overall tourism industry growth of around 66,000 people, representing a year-over-year increase of three per cent.
Often, a hotel marketing agency will service any type of accommodation business and may even expand its operations to include all hospitality businesses. Some focus solely on marketing, while others are full scale services that also include sales and/or technology solutions. Here are some we can recommend.
This is the most common classification of accommodation worldwide. Some of the most prominent organisations that determine hotel star ratings include: Australia – Quality Tourism Australia. The UN World Tourism Organisation also works to improve tourism competitiveness, promote sustainability and regulate standards.
Pop star Madonna’s five sold-out Mexico City shows in April have given a significant boost to the capital’s accommodation industry. This illustrates the strong appetite amongst consumers to experience large-scale stadium events, and how the benefits spread well beyond the music and entertainment industry.”
With brands such as Marriott , Four Seasons , Hyatt, YOTEL and now Six Senses announcing they are moving in to the region, the kingdom has unsurprisingly become the fastest-growing tourism destination in the G20.
It quietly aids travelers of all levels in finding new destinations, accommodations, and experiences. The global tourism market is booming, set to surpass 2.29 For tourism, user reviews are even more important. Testimonials help to paint a less biased picture of accommodations, services, or experiences. trillion U.S.
The event opened with a celebratory breakfast for the Top 30 winners and their guests, followed by the awards presentation, led by Rosanna Caira, editor/publisher, KML and Bruce McAdams, associate professor, School of Hospitality, Food and Tourism Management, University of Guelph.
It’s all part of the push for “local” that’s taking industries by storm — from food to goods and even tourism. Many large-scale events like Sound Fest use Facebook Messenger to make it happen. Event planners are emphasizing local elements more than ever and they’re teaming up with CVBs to make it happen. HOW TO STAY AHEAD.
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