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asianhospitality

Report: Tourists to maintain or increase travel spending in 2024 - 0 views

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    TOURISTS ARE PROJECTED to maintain or increase their travel spending in 2024 compared to the previous year, according to American Express Travel's "2024 Global Travel Trends Report". Approximately 84 percent of respondents from countries including the U.S., Australia, Canada, India, Japan, Mexico, and the U.K. anticipate spending the same or more, with 77 percent prioritizing the quality of their travel experience over cost considerations. "Travelers are focused on creating the right itineraries and building memories, whether that means booking a trip to see a favorite sports team compete or taking a once-in-a-lifetime expedition cruise," said Audrey Hendley, American Express Travel's president. "Our 'Global Travel Trends Report' sheds light on what is driving global travel bookings and provides inspiration for where to go next." About 65 percent of respondents express greater interest in embarking on a major trip in 2024 compared to previous years, the report said. Additionally, 72 percent prefer saving money for a major trip over spending it on social outings with friends. More than half of respondents intend to save for a major trip over a span of six months to two years.
asianhospitality

2024 Business Travel Spending to Hit $1.48 Trillion - Promising Growth Ahead - 0 views

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    GLOBAL BUSINESS TRAVEL spending is forecast to reach $1.48 trillion by the end of 2024, surpassing the previous record of $1.43 trillion in 2019, according to a recent study by the Global Business Travel Association. Spending is projected to exceed $2 trillion by 2028, indicating strong growth for the business travel sector. The 2024 GBTA Business Travel Index Outlook, supported by Visa, found that economic stability and lingering pent-up demand are driving growth, reassuring CEOs and CFOs to send their teams back on the road for business meetings. "We are witnessing the expected rebound in the sector, reflecting the resilience and adaptability of businesses and the value of business travel worldwide," said Suzanne Neufang, GBTA's CEO. "With projected spending expected to continue to increase through 2028, the future of business travel looks promising. However, we must remain vigilant and adaptive to potential headwinds in this period of stabilization, as factors such as changing economic conditions, technological advancements and sustainability developments will also shape the sector ahead."
asianhospitality

USTA, AHLA welcome $1.5 trillion government spending bill - 0 views

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    THE U.S. SENATE and House passed a $1.5 trillion government-funding package last week that includes some much-needed relief for the hospitality industry, two associations said. However, the spending bill also missing some elements industry advocates have pressed Congress and the administration to pass. The omnibus spending bill passed on a 68-31 vote in the Senate and is now awaiting President Biden's signature, according to government focused news agency RollCall. com. At 2,700-pages, the omnibus contains all 12 fiscal 2022 spending bills and has been in negotiations for five months. The bill includes the Restoring Brand USA Act that will provide $250 million in relief funding to the destination marketing organization that promotes travel to the U.S. The U.S. Travel Association welcomed that fact in a statement from Roger Dow, USTA president and CEO.
asianhospitality

Associations welcome passage of federal omnibus spending bill - 0 views

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    THE RECENTLY PASSED federal $1.7 trillion omnibus spending bill contains important gains for the travel and hospitality industries, according to several advocacy groups. That includes the Omnibus Travel and Tourism Act and the creation of a position in the Department of Commerce to coordinate travel and tourism industry strategy. AAHOA, the American Hotel & Lodging Association and the U.S. Travel Association all welcomed the passage of the spending bill that was signed into law by President Biden on Dec. 23. All cited the OTTA legislation created by U.S. Sens. Jacky Rosen, Democrat of Nevada, and Republic Roger Wicker of Mississippi through the Senate Committee on Commerce, Science, and Transportation. What is the OTTA? The elements of the OTTA include the Visit America Act, which authorizes the creation of the new position in the DOC. The new assistant secretary would coordinate a strategy across multiple federal agencies to increase travel and tourism nationwide through annual goals and recommendations. "This means the industry will finally have a seat at the policy table after decades of advocating for this to occur," said Laura Lee Blake, AAHOA president and CEO, in LinkedIn.com post.
asianhospitality

Report: U.S. corporate travel spend to reach pre-pandemic levels in 2024 - 0 views

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    CORPORATE TRAVEL SPEND by U.S. companies is expected to grow 8 to 12 percent, reaching or exceeding pre-pandemic levels by the end of 2024, according to a recent Deloitte study. Around 73 percent of travel managers expect their companies' travel spend to increase in 2024, while 58 percent expect further increases in 2025, with projected gains averaging 14-15 percent each year. Deloitte's 2024 corporate travel report, "Upward Climb with Uphill Struggles," found that live events are a top growth driver, with 6 in 10 business travelers expecting to attend a conference, trade show or exhibition this year. "Business travel has been slower to come back following pandemic slowdowns, but this could be the year that it accelerates to new heights," said Eileen Crowley, Deloitte's vice chair and U.S. transportation, hospitality and services attest leader. "More employees are traveling for business-and enjoying it-underscoring that in-person connection often remains a critical component. As companies see a renewed benefit in the opportunities business travel provides, business leaders can capitalize on the enthusiasm and prioritize travel experiences that are valuable to both the organization and employee."
Yao Michelle

Where to Spend Your Winter Holiday in China - 0 views

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    Due to a lot of long holidays in winter, many people would like to make travel plans during the time. However, most of the place in winter all are very cold, which make most of us give up our travel plan. If you are the people who hate cold, spending your winter holiday at Sanya would be a very smart choice...
Vicki Mario

Off Road Camper Trailers are Excellent for Exploring Remote Places - 0 views

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    Off road camper trailers and camping tents are great to explore the uninhabited or isolated land and spend a day or two camping there with your friends or dear ones. The place may have a river attached to it and full of trees surrounding it and mountains or valley close to it. It is exciting to spend quality time at such a place away from the busy city life.
Prefertrip Hotel Booking

Spend Your Summer Holidays in Dehradun - 0 views

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    Summer Holidays are on and it's time for you and your family to have a holiday package gets booked! For the purpose of spending your holidays, what place can be better than Dehradun? One of the most exotic locations for…
Ranjeet Kumar

Budget Bed And Breakfast in New Delhi - 0 views

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    If you are thinking of spending your next vacation in Delhi, and looking for the most affordable lodging option you must search on the most authentic travel sites for the best Bed & Breakfast Delhi are just perfect choice for travelers who want to spend a peaceful and memorable holiday in the city and also long to experience the lifestyle of Delhi.
flydealfareusa

Best ways to spend 12 days in India - 0 views

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    Here's how you can spend 12 days in India in best ways. Visit the most famous spots of India in a single journey and adore the places.
Jac ket

What To Do In Mui Ne, Phan Thiet - 0 views

Binh Thuan is a South Central Coast province, with a provincial city Phan Thiet which is 200 kilometers away from Ho Chi Minh city in northeast, 250km from Nha Trang city in the south, 1518km from ...

Travel

started by Jac ket on 29 Nov 17 no follow-up yet
travellblogger

Flight Booking Sale for Christmas 2022 - 0 views

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    Christmas is the most wonderful occasion of the year. But, do you want to spend your Christmas holidays somewhere else. The good news is that there are some great deals on flights this year. So, do you intend to go during Christmas 2022? There are so many beautiful places around the world to spend a lovely time at, especially at Christmas time.
asianhospitality

AAHOACON23 breaks record for exhibit space sold - 0 views

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    AAHOA'S NEXT ANNUAL conference and tradeshow, set for April 11 to 14 in Los Angeles, already has set a record for the number of booths sold. It will be the largest conference in 34 years, AAHOA said. The association has sold 81,900 square feet of exhibit space for the upcoming AAHOA Convention & Trade Show, exceeding the 77,500 square feet sold for the 2019 conference, which was previously the record holder. In addition, as of Feb. 8, AAHOA has nearly doubled the registration total of lifetime members compared to AAHOACON22, and the organization is still on pace to exceed 2019 registration totals of more than 8,000 attendees "I've been in the exhibition business for a long time, and I'm so impressed to see the enthusiasm, excitement, and response from vendors who are looking to do business with AAHOA Members," said Dennis Smith, AAHOA vice president of business development. "Our team is thrilled to reach this historical milestone, with the ultimate goal of connecting as many AAHOA Members as possible with the product and service providers who can help them make money, save money, protect their investments, and better serve their guests." AAHOA's 20,000 members spend $50 billion with suppliers attending the event each year. "I always look forward to the industry's Super Bowl event, and this year, as I conclude my term as AAHOA Chairman, I'm proud of the work our association has done to prepare for the event and connect even more vendors directly with decision makers," said Nishant "Neal" Patel, AAHOA chairman. "AAHOA Members spend billions of dollars each year with suppliers, and AAHOA plays an important role in connecting hoteliers directly with those who can help them run a better, more profitable, and more efficient business - AAHOACON is where deals are made."
asianhospitality

JLL: Americas witness stable RevPAR amid travel spending decline - 0 views

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    HOTELS IN THE Americas performed above 2019 levels, although RevPAR is stabilizing amidst decreasing consumer travel spending, according to real estate firm JLL. This has affected resort markets heavily dependent on leisure travel. In contrast, urban travel demand is on the rise, driven by group, corporate, and inbound international travel. According to JLL's Global Real Estate Perspective for February 2024, global hotel RevPAR surpassed 2019 levels by 11.7 percent in the first 11 months of 2023. The global urban market strengthened with increased international travel and the return of business and group demand. London, New York, and Tokyo are expected to lead global RevPAR performance in 2024 as urban travel rebounds. Stabilization has weighed heaviest in resort markets, particularly in the Americas and EMEA, while Asia-Pacific continues to accelerate as intraregional travel grows following border reopenings, the report added. Foreign capital, absent since the onset of COVID, is expected to become more active over the next 12 months. Middle Eastern and Asian investors are likely to lead, with urban markets in Europe and select U.S. cities as primary recipients of capital.
asianhospitality

Travel remains a top priority for U.S. consumers: Jenius Bank Report 2024 - 0 views

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    MOST AMERICANS PLAN to keep spending at least the same on travel, according to a recent Jenius Bank report. The report indicates that consumers view "richness" as balancing expense management with enjoying life and growing their wealth. Approximately 29.3 percent of Americans refuse to cut back on travel, despite its non-essential status, according to the Jenius Bank report. Also, 20.1 percent of consumers' largest one-time payment in 2023 was for a vacation. The study, "The Mind-Money Connection: How Managing Your Finances Can Make You Happier," reveals how consumers' financial situations are linked to their mental health and wellbeing.
San Juan

Plan your Travel Vacation in San Juan Islands - 0 views

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    Are you planning to spend holidays in popular destinations for experiencing an adventure trip? Then, San Juan Islands is the ideal place for you
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    Are you planning to spend holidays in popular destinations for experiencing an adventure trip? Then, San Juan Islands is the ideal place for you
San Juan

San Juan Cruise Services for Making Adventure Trips - 0 views

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    Spending holidays at leading destinations need proper planning for making trips an unforgettable one. San Juan Island is a suitable for enjoying vacations with friends and family members.
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    Spending holidays at leading destinations need proper planning for making trips an unforgettable one. San Juan Island is a suitable for enjoying vacations with friends and family members.
San Juan

Planning Whale Watching Trips to get Complete Excitement - 0 views

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    Many people want to relax their mind by spending holidays and weekends in popular destinations across the world. However, one should always make a research about them before planning a trip.
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    Many people want to relax their mind by spending holidays and weekends in popular destinations across the world. However, one should always make a research about them before planning a trip.
San Juan

Celebrating Events & Holidays with High Quality Cruise Services - 0 views

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    A cruise is a suitable one for planning outdoor events and spending holidays depending on the needs. It also provides methods for making adventurous and exciting trips to get complete satisfaction.
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    A cruise is a suitable one for planning outdoor events and spending holidays depending on the needs. It also provides methods for making adventurous and exciting trips to get complete satisfaction.
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