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ITB China Conference 2024, organised by ITB in partnership with TravelDaily, will shine the spotlight on industry hotspots within the country’s travel landscape, from May 27-29 at Shanghai World Expo Exhibition and Convention Center.
According to new data from Virtuoso, hotel rates reached peak levels this year while travelers continue to spend big on luxe resorts and train trips.
Yes, inflation and rising labor costs matter. But travelers' unflinching willingness to pay the new higher rates means the "old" prices may never return.
In the past 16 months, starting rates for a one-night journey aboard Accor's new luxury train jumped 75% — from 2,000 euros ($2,168) to 3,500 euros per person.
ITB China Conference 2024, organised by ITB in partnership