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High airfare, unregulated Airbnbs bugging hotel sector

THE hospitality industry sees the rising cost of air travel and low rates on vacation rentals through online booking platforms as among the major challenges of the industry. In a recent news briefing to announce the 2nd HSMA Sales & Marketing Summit on June 27, Hotel Sales and Marketing Association…
Hong Kong El Salvador Ann Olalo Amie Villena Britanico Jr Sergio Farinelli

It's also the journey, not just destination

Reaching this figure would have taken a whole year to achieve about a decade ago. Annual data for remittances reveals a significant rise in overseas travel spending, which reached $17 bn in FY24, an increase of more than 24.5% over the $13.6 bn in the previous year. In comparison, Indias inbound tourism earnings in 2023 were $28.07 bn.
France General World Economic Forum Indian Association Of Tour Operators Tourism Development Index Mastercard Economics Institute Travel Trends Mastercard Economics Institute

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