A new report released today by Amadeus in collaboration with UN Tourism reveals continued growth in demand for travel to destinations across the Americas, despite economic and geopolitical challenges.
2024 GBTA WINiT Summit and Gala Illuminates Women Professionals in the Business Travel Industry, Unveils New WINiT Path to Parity Initiative to Reach 50/50 Gender Equality by 2035
Career development and advancement for women in the global business travel industry was at the forefront as GBTA WINiT celebrated a decade of commitment to helping women move forward in their careers yesterday at its annual Summit, Awards Ceremony and Gala held at the TWA Hotel at JFK Airport in New York City.
New regulations in the Swiss banking sector: Public Liquidity Backstop
On March 16, 2023, the Federal Council of Switzerland declared an emergency order introducing the Public Liquidity Backstop (PLB)1. In doing so, the Swiss National Bank (SNB) granted a CHF 100 billion loan to Credit Suisse (federal default guaranteed)2. In September of the same year, the Federal Council also presented its (provisional) draft bill concerning the PLB for banks of systemic importance3.
That’s Hot: Hampton by Hilton Partners with Paris Hilton to Serve Up a Glamorous Spin on Its Signature Waffle
Hampton by Hilton, in collaboration with Paris Hilton’s 11:11 Media, is adding a pop of pink and a dash of sparkle to its legendary waffle lineup with the Sparkling Strawberry Hampton Waffle by Paris Hilton. Guests can enjoy the new waffle during their stay at more than 2,400 hotels in the U.S. and Canada beginning October 24 and, for the first time ever, purchase the waffle mix with edible glitter online to recreate Hampton’s beloved breakfast experience at home.
Spain’s Malaga to ban new holiday flat permits in 43 neighbourhoods
Malaga will ban new short-term tourism rentals in 43 neighbourhoods of the city, the latest step taken by Spanish authorities to address residents’ concerns that they are being priced out of the property market by the booming tourism business.
Thompson Hotels Presents A Taste of Thompson Chef Series
The Brand’s Culture Lives Here Platform Grows with a New Content and Dining Series that Offers Exclusive Access to World-Class Chefs Shaping Culinary Culture.
Exploring the Future of Property Management Systems: Learnings from Hotel Tech Report
Property management systems (PMSs) have been around since the 1970s. Fifty years on, those early pioneers bear little resemblance to today’s cutting-edge PMSs, and now the rate of innovation seems faster than ever.
UN Tourism Launches National Open Innovation Challenge in Collaboration with France
UN Tourism has announced the UN Tourism National Open Innovation Challenge, in partnership with France. This groundbreaking collaboration marks a significant milestone as it is the first time UN Tourism and the Government of France have joined forces to empower innovation and entrepreneurship in the sector.
77% of global markets grew RevPAR against last year, Japan generating more momentum
STR’s global “bubble chart” update for the four weeks ending 12 October 2024 shows 77% of markets with year-over-year growth in revenue per available room (RevPAR). That was a substantial 14-point increase in the proportion of global hotel markets experiencing matched period RevPAR gains in last month’s update.
Talking Hotel Cap Rates
This month, I am using an article authored by Erich Baum, Senior Vice President at HVS. Working at HVS for over 30 years, Erich has performed appraisal and consulting assignments in 47 of the 50 states, as well as Mexico and the Caribbean. Because of his range of experience, Erich focuses on the most complex jobs, including litigation-related assignments and atypical consulting work. In short, Erich is one of the brightest hotel consultants and appraisers I know, and this article demonstrates his superior knowledge and expertise.