KSA unleashes massive hospitality expansion – and a wealth of investment opportunities – as tourism spending nears US$40 billion
Performance

KSA unleashes massive hospitality expansion – and a wealth of investment opportunities – as tourism spending nears US$40 billion

The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of US$37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to industr...

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KSA unleashes massive hospitality expansion – and a wealth of investment opportunities – as tourism spending nears US$40 billion25 April 2024The BenchEvents & Conferences
KSA unleashes massive hospitality expansion – and a wealth of investment opportunities – as tourism spending nears US$40 billion
Performance

Successful ITB Berlin Shows: Travel industry predicts an excellent business year

All signs point to success in 2024: the World’s Leading Travel Trade Show put a clear focus on shaping the future and once again underlined its role as the leading international platform for business, innovation and networking. Despite widespread st...

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Successful ITB Berlin Shows: Travel industry predicts an excellent business year 8 March 2024Messe Berlin GmbHEvents & Conferences
Successful ITB Berlin Shows: Travel industry predicts an excellent business year
Performance

Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast To Reach Almost $800 Billion by 2027

After challenging years due to the pandemic, for 2023 and beyond, business travel in Asia Pacific is forecast for significant growth, with travel spending gaining 41% to USD $567 billion this year ─ and rising to $800 billion by 2027. China’s reopen...

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Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast To Reach Almost $800 Billion by 202726 September 2023GBTAEvents & Conferences
Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast To Reach Almost $800 Billion by 2027
Middle East hospitality investment outlook reveals USD1.9 trillion worth of hotel and residential projects under development
Performance

Middle East hospitality investment outlook reveals USD1.9 trillion worth of hotel and residential projects under development

Hospitality and residential projects worth US$D1.9 trillion are under development in the Middle East, with Saudi Arabia, United Arab Emirates and Egypt accounting for 90 per cent (US$1.7 trillion) of investment, according to key data released ahead ...

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Middle East hospitality investment outlook reveals USD1.9 trillion worth of hotel and residential projects under development25 September 2023The BenchEvents & Conferences
Middle East hospitality investment outlook reveals USD1.9 trillion worth of hotel and residential projects under development
Outlook strong for incentive travel sector according to IBTM World’s Incentive Travel Report
Performance

Outlook strong for incentive travel sector according to IBTM World’s Incentive Travel Report

IBTM World’s 2023 Incentive Travel Report indicates that the recovery of the incentive travel sector is going from strength to strength, with its global market value projected to reach £174 billion by 2031.

RX (former Reed Exhibitions)
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Outlook strong for incentive travel sector according to IBTM World’s Incentive Travel Report18 September 2023RXEvents & Conferences
Outlook strong for incentive travel sector according to IBTM World’s Incentive Travel Report
Performance

Presenting Global Retail Tourism: Trends and Insights

A thought leadership event exploring the significant untapped potential of retail tourism took place at La Roca Village, part of The Bicester Collection, in Barcelona today, concluding with a resounding call for attention to the importance of retail...

World Travel & Tourism Council (WTTC)
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Presenting Global Retail Tourism: Trends and Insights11 September 2023WTTCEvents & Conferences
Presenting Global Retail Tourism: Trends and Insights
Performance

Hotels in Southeast Asia seeing the return of MICE business and major leisure events

Southeast Asia’s hotel industry has seen highs and lows over the past 12 months. The first half of 2022 was a struggle for many hoteliers due to limitations around COVID-19, but as the year progressed and restrictions eased, the demand for travel be...

STR
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Hotels in Southeast Asia seeing the return of MICE business and major leisure events11 April 2023STREvents & Conferences
Hotels in Southeast Asia seeing the return of MICE business and major leisure events
Performance

German hotel chain Maritim with stabilized business development

For the Maritim Hotels, the multiple long-term lockdowns in the two “COVID-19 years” of 2020 and 2021 led to dramatic sales losses. Sales collapsed from €409 million in 2019 to €178 million in 2020.

Maritim Hotelgesellschaft mbH
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German hotel chain Maritim with stabilized business development27 October 2022Maritim HotelgesellschaftEvents & Conferences
German hotel chain Maritim with stabilized business development
Hospitality investment outlook reveals 600,000 hotel rooms planned and under development in the Middle East
Performance

Hospitality investment outlook reveals 600,000 hotel rooms planned and under development in the Middle East

Global independent real estate consultants, Knight Frank and premium data benchmarking, analytics and marketplace insights provider for the hospitality industry, STR, have shared key hospitality investment insights ahead of the Future Hospitality Su...

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Hospitality investment outlook reveals 600,000 hotel rooms planned and under development in the Middle East 7 September 2022The BenchEvents & Conferences
Hospitality investment outlook reveals 600,000 hotel rooms planned and under development in the Middle East
Performance

Magnuson CEO at UK House of Lords: Protect endangered UK independent hotels to preserve British Hospitality Industry

In a presentation at the UK House of Lords hosted by Baroness Ros Altmann, Magnuson Hotels CEO Thomas Magnuson outlined the rapid decline in the number of UK hotels owned by independent private businesses.

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Magnuson CEO at UK House of Lords: Protect endangered UK independent hotels to preserve British Hospitality Industry24 June 2022MagnusonFranchise
Magnuson CEO at UK House of Lords: Protect endangered UK independent hotels to preserve British Hospitality Industry