Category: Recent News

A total of 715 deals comprising mergers and acquisitions, private equity, and venture financing deals were announced in the travel and tourism sector globally during 2024, which represented a year-on-year decline of 4.3% compared to 747 deals announced during the previous year, according to GlobalData, a leading data and analytics company.

In the dynamic world of hospitality, where every decision influences the bottom line, comp sets—or competitor sets—play a pivotal role in benchmarking and profit intelligence. The right comp set doesn’t just offer data; it delivers context, enabling hotel operators to make informed decisions that optimize operations and boost profitability.

As we move into a new year, it could be time to take the plunge and move across the world to a dream destination! According to our annual Travel Predictions research, 57%* of travelers have said that they’d vacation in a holiday home property so they can experience living in a destination before potentially moving there. Staying in a home property offers those comforts of space and quiet time, and allows travelers to experience a destination like a local, getting to know the transport links and local amenities. With that, we have delved into the most liveable destinations outlined by the Global Liveable Index, spotlighting the places that might be worth the move.

Radisson Blu Hotel, Bengaluru Outer Ring Road is the first hotel in Radisson Hotel Group’s global portfolio to be awarded the prestigious LEED Net Zero Carbon Certificate by the US Green Building Council.

U.S. hotel revenue per available room (RevPAR) hit the skids in the week ending 11 January 2025, falling 13.2% year over year after a 14.9% gain in the week prior. Declines were seen in both occupancy and average daily rate (ADR), which can be attributed to a holiday hangover. Unlike last year, this week was the first full week back to work and school after the holidays and like normal, it was a slow travel week as people got back to their normal routines.

World of Hyatt starts 2025 with one-of-kind experiences, inviting members to bask in the transformative powers of travel. Continuing to bring members closer to moments worth celebrating and exciting cultural experiences, World of Hyatt will return to the 2025 Sundance Film Festival in Park City, Utah as the Official Hotel Sponsor with member-exclusive, creative brand programming on Main Street.

The International Tourism in Switzerland Conference, hosted by EHL Hospitality Business School on November 22, 2024, addressed the significant decline in Switzerland’s ranking as a tourist destination—from 5th in 1950 to 28th in 2022. The conference aimed to understand the reasons behind this change, explore future evolutions and develop strategies to influence this trend. Various tourism stakeholders, including policymakers, industry experts and academics, gathered to discuss the current state of international tourism in Switzerland. The discussions covered a wide range of topics, from tourism policies and digital transformation to the impact of COVID-19 on cities and sustainability initiatives.

Hilton (NYSE: HLT) announced today that Hampton by Hilton retained the No. 1 spot in the Lodging category of Entrepreneur Magazine’s Franchise 500® for the 16th consecutive year. This record-extending achievement reinforces the global powerhouse brand’s status as the most recognized and trusted hotel franchise in the industry.

Steinhausen, Switzerland – January 16, 2025 – RoomPriceGenie, developer of an award-winning revenue management system (RMS) for hotels, is proud to announce three big wins in the 2025 HotelTechAwards, which recognise the best operational solutions based on reviews and ratings from hoteliers around the world.

One year after acquiring the “Palace des Neiges” in Courchevel 1850, Monte-Carlo Société des Bains de Mer (S.B.M.) Group reveals the name of its ambitious hotel project: “Monte Carlo One – Courchevel.” This is the first variant of its new international brand, “Monte-Carlo One – Hotels & Residences”, dedicated to developing hotels and residences. This historic investment for the Group outside the Principality illustrates the company’s new international momentum and its ambition to develop new growth drivers. The aim is to instill the Monte-Carlo experience and lifestyle in a future collection of establishments highlighting know-how and expertise recognized worldwide for over 160 years.