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Asia-Pacific
Maldives Saw Resort Revenue Drop in 2023
The Maldivian tourism sector experienced a significant revenue decline last year, with resort revenue dropping by $529 million and total tourism revenue decreasing from $5.4 billion to $5 billion, attributed partly to a shift towards guesthouses over traditional resorts. -
Asia-Pacific
Hilton Plans 75 Hotels in India
Hilton aims to triple its India portfolio to 75 hotels in three to four years, expanding into emerging markets like Ayodhya and introducing luxury brands, with a focus on tier-I markets and the growing wedding segment. -
North America
Global Hotel Construction Pipeline Sets a New Record
At the close of 2023, analysts state that the total global construction pipeline stands at 15,196 projects and 2,367,727 rooms, a 7% increase in projects and a 3% increase in rooms year-over-year. -
North America
Marriott’s Massive Expansion Across the Caribbean and Latin America
Marriott International announced a year of robust room signings and additions across the Caribbean and Latin America in 2023. The Company nearly doubled its number of organic deal signings in the region versus the prior year. -
North America
Canadian Deal Flow Booms Despite Lower Occupancy
Canada’s hotel industry showed lower occupancy but continued growth in ADR, according to CoStar’s January 2024 data. -
North America
Barclays Forecasts Optimistic Outlook for 2024
Barclays updated their U.S. lodging REIT estimates ahead of the onslaught of expected conservative earnings that are coming. -
North America
Hilton’s New Partnership With Small Luxury Hotels of the World
Hilton and Small Luxury Hotels of the World announced an exclusive strategic partnership that will welcome Hilton guests to hundreds of independently minded luxury hotels in the most sought-after destinations around the world. -
Asia-Pacific
Taiwan to Get 5 New Luxury Hotels This Year
Taiwan’s travel industry expects inbound tourism to recover, with five new luxury hotels opening this first half of 2024. -
North America
U.S. Hotels See Best Rates and Occupancy Since 2019
The DJIA ended Friday with a gain of 395 points, while NASDAQ was up 255, the S&P 500 rose 59 points and the 10-year treasury yield ticked up a little to 4.15%. Lodging stocks were mostly… -
Asia-Pacific
Nomura Predicts Chinese Tourism Level for 2024
Nomura reports that China’s outbound tourism faces significant recovery challenges through 2024-2025, due to eased supply constraints but hampered by economic issues and reduced consumer demand, with a forecasted recovery to 73% of 2019’s travel levels by year-end.