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The rise of staycations: how UK hotels can capitalise on domestic tourism

Hotel Owner

It is estimated that in 2021 alone, domestic travel accounted for 96% of the UK’s total travel and tourism expenditure while two years prior, in 2019, it represented 81% of the total expenditure. In 2023, the share of Britons taking a domestic summer holiday, or staycation, in the UK increased by 50% compared to the previous year.

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Strategies for success in China's changing luxury market

EHL Insights

STORY HIGHLIGHTS China’s luxury market is one of the hottest on the planet, with the strongest growth happening in digital and domestic luxury sales. Success in this market requires appealing to cultural motivations and changing consumer tastes through three key marketing angles.

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McKinsey: What is the Future of Travel

Revenue Hub

Subscribe to our weekly newsletter and stay up to date But domestic travel is recovering quickly too and is set to represent 70 percent of travel spending by 2030. Gen Zers and millennials who responded to our survey are planning nearly an equal number of international and domestic trips in 2024.

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UK hotel market recovery exceeds expectations in FY22

Hotel Owner

The UK hotel market has continued its recovery in 2022, as a strong trading performance exceeded expectations for the year, Knight Frank has said. . The Regional UK hotel market now exceeds its RevPAR performance by 3.5%, and London by 2.4%. respectively between 2022 and 2025, compared to a national average of 1.4% growth forecast.

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QHotels Collection appoints two to its national sales division

Hotel Owner

The QHotels Collection has appointed Paula Turton as national account director for leisure and Lucy Whittington as leisure sales support executive. In her new role, Turton will oversee all domestic and inbound travel trade.

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2022 records £3bn in UK hotel transactions

Boutique Hotel News

The first half of 2022 accounted for 68 per cent (£2.1 As a result of the war in Ukraine combined with global economic uncertainty and domestic political turmoil, the latter half of 2022 saw reduced levels of investment. . billion) of the total annual UK hotel investment. .

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Songkran festival sparks 33% jump in Thailand’s hotel room rates: SiteMinder

SiteMinder

Hotels in Thailand stood tall during the country’s largest and most important cultural event,” says Bradley Haines, market vice president of Asia Pacific at SiteMinder. Furthermore, domestic travellers in April reached their highest levels since October of 2023.