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Hospitality Industry News and Reports

SiteMinder

This drives many travellers to the big name OTAs – 23% of Millennials choose OTAs based on ease-of-use over price, user-friendliness and security. And a final word on the subject of safety and security: 67% of travellers rate safety as the number one factor in choosing a destination, while 60% are price driven.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

A good example of this was the ill-fated ‘mini budget’ announced by then-UK chancellor Kwasi Kwarteng, which saw not only billions wiped off UK share prices, but a sharp drop in the value of the pound compared with the dollar and the euro. When the UK recorded a 41-year high rate of 11.1