Travel and tourism sees resilient M&A activity amid 5% dip in overall deal volume in Q1 2025, reveals GlobalData
Deal-making in the travel and tourism sector showed signs of cautious optimism in the first quarter (Q1) of 2025, with overall activity experiencing only around 5% year-on-year (YoY) dip. While…
Accor, ICD, and Valor Hospitality Strengthen Partnership With Six-Hotel Cluster in Deira Waterfront
Accor, a world-leading hospitality group, Valor Hospitality Partners, a global pioneer in hotel management, and ICD (Investment Corporation of Dubai), the principal investment arm of the Government of Dubai, have…
The Vanguard Hotel, Autograph Collection, Opens in Ann Arbor, Blending Heritage and Modern Sophistication
The Vanguard Hotel, a distinguished member of Marriott Bonvoy's Autograph Collection, is proud to announce its grand opening in the heart of Ann Arbor on May 6, 2025. Developed and…
Maxim Tint: How Asia is jumpstarting the documentless travel revolution
There’s a lot of talk about AI in hospitality - but how can it actually be used to enhance guest experiences and streamline operations for hotels? In this episode of…
China’s urban unemployment rate reaches 5.3% in Q1 of 2025
China's urban unemployment rate rose to 5.3 percent in the first quarter of this year, climbing by 0.3 percentage points from the previous quarter, according to figures unveiled by the…
China’s per capita disposable income up 5.5% in Q1
People enjoy a meal at a restaurant in a historical block in Nanhu district of Jiaxing city, East China's Zhejiang province. BEIJING -- China's per capita disposable income increased by…
China’s foreign trade up 1.3% in the first quarter of 2025
China's foreign trade recorded steady performances in the first quarter of 2025, with total goods trade volume growing by 1.3 percent year-on-year to 10.3 trillion yuan ($1.41 trillion), data from…
China’s CPI up 0.5% in January
BEIJING - China's consumer price index (CPI), a main gauge of inflation, was up 0.5 percent year-on-year in January, the National Bureau of Statistics (NBS) said Sunday. The figure was…
Radisson Hotel Group Launches ‘Revitalize Rooms’ to Enhance Guest Sleep Quality
As part of its ongoing commitment to guests’ wellbeing, Radisson Hotel Group is launching ‘Revitalize Rooms’ to enhance the sleep quality of its guests. In partnership with Biow, a leader…
China’s SOEs log revenue growth in 2024
BEIJING -- The revenues of China's state-owned enterprises (SOEs) went up 1.3 percent in 2024 from the previous year, recent official data showed. The SOEs raked in 84.72 trillion yuan…