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Article - HVS Hotel Market Report - Venice, Italy - By Lorenzo Gullotta, Giammarco Pignocchi and Ezio Poinelli - A snapshot of the Venice hotel market performance in 2023, exploring airport arrivals, tourism demand, hotel KPIs, future supply, recent transactions and future outlook.
Korea's hotel market thrives with a 43% ADR increase in Q1 2024. Key drivers include robust demand, Hallyu, and medical tourism. Expect continued growth in luxury and upscale segments.
Dubai tourism chief Issam Kazim says this incentivizes more investments in hotel projects
BEONx and trustangle partner to advance revenue management in Saudi hospitality, leveraging technology to boost profitability and efficiency amid rising Average Daily Rates.
Article - Three Strategies for Legacy Hotels in the Luxury Segment to Stay in the Game Among New Market Entrants - When new luxury and upper-upscale hotels enter a market, it can serve as a call to action for other hotels to up their game. For these legacy hotels, the challenge is not just to maintain market share but also to reinforce their foothold among new entrants.