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What luxury travellers want, and how to attract them

eHotelier

The global luxury travel market is huge, not in the number of guests with substantial buying power but the astonishing level of buying power that these luxury travellers have. The global Luxury tourism market had an estimated total revenue of USD 1,308.15 billion in 2022, and is projected to be worth USD 3,023.78

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WTTC: Capital investment in travel & tourism to reach nearly $1T

Hotel Business

The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in travel & tourism investment, overcoming pandemic setbacks and signaling a strong return to growth. However, 2022 marked a turning point.

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WTTC: U.S. travel & tourism to reach record high this year

Hotel Business

The World Travel & Tourism Council ’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that the U.S. travel & tourism sector is forecast to exceed the 2019 peak this year. Last year, the travel & tourism sector’s GDP contribution grew by 16.9% In 2022, the value of the sector was worth $2.01

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Hotel Marketing Strategies For 2022 And Beyond

InnQuest

Recent times have seen modern, online marketing strategies revolutionize the landscape of the tourism and hospitality industry. While traditional marketing strategies still yield results, they have now become merely an auxiliary factor in the overall success of a robust hotel marketing plan.

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GlobalData: Travel and tourism sector deals down 33%

Hotel Business

A total of 558 deals* were revealed in the travel and tourism sector globally during the first three quarters of 2023, which was a decline of 33% compared to the announcement of 833 deals during the same period in 2022, according to GlobalData, a data and analytics company. Similarly, key markets such as the U.S.,

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Sustainability: The Next Stop for Spanish Tourism Excellence

Revenue Hub

Tourism is vital to Spain. The country’s natural attractions and cultural assets draw crowds from around the world – making many of its communities reliant on tourism. Pre-pandemic, Spain was the second-largest tourism destination in the world, drawing 84 million visitors in 2019 who brought over €92 billion in revenue.

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Travel and tourism deal activity down 38.8% in H1 ’23

Hotel Business

A total of 365 deals (mergers & acquisitions, private equity and venture financing deals) were announced in the travel and tourism sector globally during the first half of 2023, which was a decline of 38.8% and 30.4%, respectively, year-on-year (YoY) during H1 2023 compared to H1 2022. For instance, the U.S.,