article thumbnail

Klook Joins STAAH Platform to Expand Its Travel Network Amidst High Demand from Asia

STAAH

Asia’s travel recovery is back on track, with the travel market expected to grow over 5% resulting in a market volume projection of US$402 billion by 2028, a majority of which will be hotel transactions.

Book 99
article thumbnail

Hyatt reports ’22 RevPAR growth of 60.2% YOY

Hotel Business

Net package RevPAR for the same set of properties managed by ALG in the Americas increased 24.4% Total net package revenue for all ALG properties increased 65.4% The terms of the agreement provide for up to an additional $175 million of contingent consideration through 2028 as properties come into the pipeline and open.

Pricing 52
article thumbnail

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

Boutique Hotel News

NREP is committed to becoming entirely carbon neutral by 2028 – encompassing both operational and embodied carbon – and the new internal carbon tax will be a key driver in this ambition. Other firms will need to follow their lead.