article thumbnail

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. From 2010-2019, investment grew steadily at 4.3%

article thumbnail

Dear hoteliers – wellness tourism is on the rise

Hotel Owner

Demand for such holidays is growing: the wellness tourism market is projected to reach $1.3tn (£1.03tn) by 2025. Meanwhile, half of all travellers in 2023 were found to have planned vacations with the primary aim of enhancing their wellbeing. As such, sleep tourism is now on the rise.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Australia’s Hotel Industry – Into 2023 and Beyond 

InnQuest

million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. According to Tourism Australia, there were 2.2 in 2023, with domestic travel increasing by 16.9%

article thumbnail

Ruby Group secures second hotel in Dublin

Boutique Hotel News

Julian Mörs, group director development at Ruby, said: “The Dublin hotel market has proven to be very resilient, even in times of crisis, with an ongoing high demand from national and international business and leisure travellers. The opening of the hotel is planned for the end of 2025.

article thumbnail

Hospitality Industry News and Reports

SiteMinder

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. Chinese travellers took 40 million outbound trips in the first half of 2023 – lower than 155 million outbound trips in 2019 , but more than the near-zero trips during the country’s extensive COVID lockdown.

article thumbnail

EVEN Hotels expands Texas footprint

Hotel Business

EVEN Hotels is a brand on the move in its quest to put wellness within reach for more and more travelers,” said Raul Ortiz, VP, global marketing and brand management, EVEN Hotels. No matter the reason for traveling, we are confident this hotel will become a leading choice for those visiting Waco.”

article thumbnail

Agritourism helps revive travel, hospitality sectors 

Smart Brief Hospitality

The market is expected to expand by $4.33 billion between now and 2025, according to Technavio, and other driving factors of the trend include interest in local food and family-oriented activities. are looking for in their travels and even less idea of how to find what they need,” Reagan said. ” Thackeray said.