Amid the COVID-19 crisis, the global market for Luxury Hotels estimated at US$174.9bn in the year 2020, is projected to reach a revised size of US$209.3bn by 2027, growing at a CAGR of …
Category: Research
WTTC SAYS GOVERNMENTS MUST ACT TO SAVE SECTOR
The World Travel and Tourism Council is calling on governments to take urgent action to save the sector in the light of the Covid-19 crisis.
CULINARY TOURISM MARKET TO REACH €1.59bn BY 2027
The pursuit of “unique experiences” is set to grow over 16% per year, giving a much-needed boost to the global tourism industry as the increased use of social media drives …
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APAC GROWTH CONTINUES
International visitor arrivals into Asia Pacific continued to see strong expansion, with close to 900 million arrivals expected in 2023.
6% HIKE IN INTERNATIONAL TOURIST ARRIVALS
International tourist arrivals worldwide grew by 6% in January-April of 2017 compared to the same period last year, with business confidence reaching its highest levels in a decade.
LUXURY HOTEL MARKET FORECAST
The global luxury hotel market is expected to reach US$20,442 Million by 2022 according to Allied Market Research.
NEW YEAR, NEW YOU: REBUILDING THE BUCKET LIST
According to new research by Booking.com, an increasing number of people are striving to achieve more trip diversity in their travels.
ASEAN TRAVELLERS HEAD BACK TO EUROPE
ASEAN travellers are back in Europe after an uncertain 2016 where many countries suffered a downturn in booking intention from Southeast Asian travellers.
NEW EXPERIENCES, NEW OPPORTUNITIES: DELOITTE OUTLINES HOTEL OF THE FUTURE
In a new report, Deloitte explains how technology innovations, changing customer demands, and new competitive threats are pushing hotels to offer increasingly personal, uniquely tailored experiences for every guest on …
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USA NO.1 DESTINATION FOR CHRISTMAS
The United States is set to be the favourite destination for international air travellers at Christmas, with Thailand coming a strong second, according to the travel intelligence company ForwardKeys.