Europe Will Supersede APAC as Leading Travel Region
- A new report from international travel industry analysts, the Centre for Aviation, predicts the Asia Pacific region will no longer be the world’s largest travel region by the end of 2022.
- Hyatt Hotels announced the opening of the Fuji Speedway Hotel in Shizuoka, Japan, the first property within The Unbound Collection by Hyatt brand in Japan.
- Business Line reported Accor plans to divest its stake in Indian ventures, opting to go asset-light through management contract deals.
A new report from international travel industry analysts, the Centre for Aviation, predicts the Asia Pacific region will no longer be the world’s largest travel region by the end of 2022, ceding the title to Europe. They discussed how aviation in the region remains down by 45% compared to pre-pandemic levels while European air travel has recovered to roughly 85% […]