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ZERO-BASED BUDGETING is essential for hotels amid near- and long-term volatility, according to a blog from HotStats. The blog also suggested that hoteliers need to turn to other futureproofing or future-cushioning methods. In a recent blog post, Michael Grove, COO, HotStats said that zero-based budgeting, a method of budgeting in which all expenses must be justified for each new period starting from a zero base, is very necessary given the fluidity of the global economy and, ultimately, its impact on hotel operations. At the recent 2022 M3 Partners meeting, Grove first illustrated the pandemic's effect on worldwide profits and how it's changed the landscape. "It's worth reminding ourselves of the importance and magnitude of the U.S. hotel industry's share on the global scale, which has only grown during the pandemic," Grove said in the article. According to the blog post, almost half of global profits are produced in the U.S. and that share only rose as the pandemic slackened. "A massive 47 percent of hotel profits are achieved in the U.S., up 6.6 percentage points since 2019, the result of myriad variables, including a large domestic market and staycation trend," Grove said in the post. "Meanwhile, severe lockdowns and restrictions in Europe and Asia-Pacific sent their percentages down as the Middle East received a boost in the fourth quarter 2021 from Expo 2020 in Dubai."

Deep blue skies, clear water, intense colors and islands, many islands in the middle of the Pacific. Photos from a student's trip.

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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.

Malaysian airline is a Malaysian carrier with Kuala Lumpur as its headquartered and its base that it operates its Cargo and Passenger services. Malaysian airline is a part of the one world Alliance which also includes American Airlines, British Airways, Qantas, Cathay Pacific and Japan Airlines and operates to Southeast Asia, North Asia, South Asia, Middle East, Europe and Australasia.

STR AND TOURISM Economics made significant downward adjustments to the 2024-25 U.S. hotel forecast, reflecting lower-than-expected performance and reduced growth projections for the remainder of the year. Projected gains in ADR and RevPAR were downgraded by 1 and 2.1 percentage points, respectively. Occupancy is also expected to decline, contrasting with the previous forecast's projection of year-over-year growth in this metric. While an occupancy growth projection was maintained for 2025, ADR and RevPAR were adjusted downward by 0.8 and 0.9 percentage points, respectively, STR and TE said in a joint statement. "We have seen a bifurcation in hotel performance over the first four months of the year, which we don't believe will abate soon," said Amanda Hite, STR's president. "The increased cost of living is affecting lower-to-middle income households and their ability to travel, thus lessening demand for hotels in the lower price tier. The upscale through luxury tier is seeing healthy demand, but pricing power has waned given changes in mix and travel patterns and to a lesser extent, economic conditions. Travel remains a priority for most Americans, but the volume has lessened as prices on goods and services continue to rise."

La Quinta vacation rental homes put travelers in the middle of a California paradise.

There is a very important part of getting ready for your upcoming vacations, and that is being healthy and ready to fight any disease that might caught you in the middle of your voyage. Nothing will ruin your vacation or business trip faster than a health crisis,and even minor medical issues can put a damper on an otherwise fun and productive trip. With some careful planning, you can prevent a lot of medical problems while traveling. Read on PassportInfo's guide here to preparing for a healthy trip!

Get a Package To Dubai the gateway to the Middle East with Holidaymood. We have exciting deals on Package Holidays To Dubai. Call now and book Cheap Holidays To Dubai on 02071830077. Get our latest offers on Holiday To Dubai.

Travelling on flights was initially considered a luxury and a mode of travel only for the rich. There was a time when airfare used to be sky-high and the average middle class did not even try to go for it. However, with the rapid rise of budget airlines, which offer an option of flight ticket booking at nominal rates.

Procuring cheapest air tickets for flights to the Middle East countries becomes easier for fliers as popular low-cost carrier SpiceJet is looking forward to start more flights to Dubai. This destination has served as a popular airport for airlines, not only for Indian but also, for global names.

The onset of low-cost carriers (LCCs) has toppled the equations of the Indian aviation industry. It has grown significantly in the last few years and as per global reports, it is one of the countries having a tremendous scope of growth. Asian and Middle Eastern countries have the potential to emerge as the largest passenger base for various carriers.

Tired of looking around for an airline or the flights that not only offers you full value of your money but also take care of all your comforts and offers one of a kind travel experience? If yes than why not check out the latest offerings by flights4capetown on Qatar Airways flights to Cape Town.

The Kingdom of Bahrain is a fascinating and contemporary land that continues to develop and diversify on many levels. Although quite small country, car rental Manama could come very handy for adventured holidaymakers who would like to see as much as possible during their stay. Here are top five things easily accessible by car.

No visit to Jordan is complete unless you take the time to explore these ancient roots which is best done with car rental Amman. The capital is great starting point to discover legendary Jordanian sights.

The city of Abu Dhabi is the industrial and political centre of the country. Abu Dhabi attractions range from magnificent forts and amazing mosques with domes and minarets to cultural villages and interesting museums including zoo. For more freedom and more comfort the best option is car rental Abu Dhabi.