After stronger than expected recovery in 2022, this year could see international tourism arrivals return to pre-pandemic levels in Europe and the Middle East. Tourists are nonetheless expected to increasingly seek value for money and travel closer to home in response to the challenging economic climate. Based on UNWTO‘s forward-looking …

Ras Al Khaimah Tourism Development Authority (RAKTDA) announces its highest ever annual visitor numbers, with the Emirate welcoming over 1.13M overnight arrivals in 2022, a total increase of 15.6% vs 2021. The results exceed pre-pandemic levels indicating recovery and resilience in a volatile year. Gopolitical and economic challenges, Ras Al …

GENEVA – The International Air Transport Association (IATA) announced that the air travel recovery continued through November 2022. Total traffic in November 2022 (measured in revenue passenger kilometers or RPKs) rose 41.3% compared to November 2021. Globally, traffic is now at 75.3% of November 2019 levels. International traffic rose 85.2% …

Independent, upscale travel to Europe will continue its momentum in 2023, according to Eurobound. Following a banner 2022 travel year, the company is forecasting an even busier 2023. Brigitte Armand, Eurobound President, suggests that clients book early. “Many hotels are already booked up for 2023 high season. Clients should not …

Luxury cruise experts Panache Cruises have reported an increase in demand from those seeking to escape to locations beyond the reach of mobile phone signals and the internet. They have now named the best destinations across the world for those wanting to unwind and unplug from the constant connectivity of …

HENDERSONVILLE, TENNESSEE – Canada’s hotel performance came in lower than the month prior but showed improved comparisons to 2019, according to STR‘s November 2022 data. November 2022 (percentage change from November 2019)  Occupancy: 61.0% (+1.6%) Average daily rate (ADR): CAD169.69 (+14.8%) Revenue per available room (RevPAR): CAD104.98 (+16.6%) “Top-line performance …

The pop-up hotels market is poised to reach a valuation of US$ 19.12 Bn in 2022. Sales are projected to increase at ~ 6% CAGR, with the market size reaching US$ 34.24 Bn by 2032. The pop-up hotel market is increasing slowly and steadily. There are not many popular pop-up …

A total of 912 deals* were announced in global travel and tourism sector during January to November 2022, which is a decline of 3% over the 940 deals announced during the same period in the previous year, finds GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at …

HENDERSONVILLE, TENNESSEE, and MILWAUKEE – The Baird/STR Hotel Stock Index rose 2.7% in November to a level of 5,430. Year to date through the first 11 months of 2022, the stock index was down 5.5%. “Hotel stocks increased in November but were relative underperformers for the first time since June,” …

Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR. Occupancy: 69.0%  Average daily rate (ADR): EUR109.75 Revenue per available room (RevPAR): EUR75.73 The market’s ADR level surpassed the 2019 comparable (+13.7%), but occupancy and RevPAR remained below November 2019 by 15.8% and …