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Minor Hotels is to add 65 hotels with more than 13,000 rooms by 2025 as part of its plans to maintain the group’s position as the largest in the hotel hospitality industry, Dillip Rajakarier, group chief executive of MINT and chief executive of Minor Hotels, told a media gathering on Thursday.
As some experts speculate that consumer savings will dwindle and there will be less travel in 2023, our early market indicators show a different story. Currently, the revenge travel trend is holding strong, and exponential levels of demand and direct bookings seem likely to continue growing in 2023. Keep reading this article to find out why we expect travel to continue with a vengeance in 2023.
Homes & Villas by Marriott International has just expanded into Australia and New Zealand, marking the vacation rental unit's debut in Asia Pacific.
Pent-up travel demand is here, bringing with it an array of positive market signals. With cancellations back to normal levels and occupancy levels expected to exceed 2019 levels by the 2nd half of 2022, there are many reasons for hotels to be optimistic this year.
In a normal year, travel trends constantly ebb and flow. Certain destinations will become popular, experiences will pique interest and new technology will influence the desires and habits of vacationers and backpackers alike. Some destinations remain popular, while others are influenced by movies or popular culture illuminating new spots. Elizabeth Gilbert’s 2006 “Eat, Pray, Love” made the New York Time’s Best Seller list for 137 weeks and suddenly thousands of people were flocking to Bali, claiming to have been inspired by Gilbert’s novel and new tours advertised the full “Eat, Pr...