Ascott Secures 28 new signings year-to-date in Southeast Asia
The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today announced 28 new signings year-to-date in Southeast Asia, adding over 3,400 units across its various…
From Stuttgart to South Africa, Here’s Where Hilton is Opening and Renovating This Season
As Hilton enters its fourth quarter, the hospitality company is continuing its expansion with brands entering new markets for the first time. Spark by Hilton, Hilton’s latest premium economy brand,…
A look at China’s economic data in August
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By 2026, Online Reservations Will Account for 65% of Travel Bookings
According to new research from Phocuswright, the global travel market has rebounded significantly, surpassing pre-pandemic levels with a 24% increase in gross bookings in 2023, reaching a total spend of…
What’s Driving Luxury Travelers In 2024, According To McKinsey
Travel is one of the world’s largest industries. According to McKinsey, $8.6 trillion will be spent on travel in 2024, representing roughly 9 percent of this year’s global GDP. And…
Hotel performance in 2024 – An unpredictable market with silver linings
So what are hoteliers doing to remain competitive in this climate, and what opportunities and challenges are they facing in the road ahead? In September 2024, I gathered over 20…
McKinsey: Now boarding: Faces, places, and trends shaping tourism in 2024
After falling by 75 percent in 2020, travel is on its way to a full recovery by the end of 2024. Domestic travel is expected to grow 3 percent annually…
‘Algorithmic’ hotel pricing draws legal, regulatory scrutiny
Key Points The increasing use of algorithms to optimize pricing strategies has drawn the attention of competition authorities on both sides of the Atlantic, who fear the technology can facilitate…
Surf Parks Industry Growth and Trends 2024
Surfing is rapidly gaining traction, emerging as one of the fastest-growing water sports globally. According to the Sports and Fitness Industry Association (SFIA), participation in surfing surged by 28.5% in…
HVS Asia Pacific Hospitality Newsletter
Star Hotel Group Acquired Rydges Gold Coast Airport Hotel for AUD60 Million in Australia Australia-based independent hospitality group, Star Management Group Pty Ltd (“Star Hotel Group”), has acquired the 192-key…