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asianhospitality

Study: U.S., China, and India Drive Global Tourism Emissions Surge - 0 views

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    THE U.S, CHINA and India drove 60 percent of the growth in tourism emissions from 2009 to 2019, according to Nature Communications. By 2019, they accounted for 39 percent of global tourism emissions. The research, based on data from 175 governments between 2009 and 2020, found that 20 countries drive nearly all global tourism emissions, with efforts to curb the trend proving ineffective. The emissions are generated by airplanes and vehicles used for travel to tourist destinations along with power consumption by travelers. Around 20 countries generate 75 percent of global tourism emissions, while 155 countries share the remaining 25 percent, the study found. There is now a hundredfold gap in per-capita tourism footprints between the most and least traveled nations.
asianhospitality

U.S. Tops Global Travel & Tourism Market: $2.36 Trillion Contribution | WTTC Report - 0 views

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    THE U.S. REMAINS the world's top travel and tourism market, contributing a record $2.36 trillion to the economy last year, according to the World Travel & Tourism Council. Despite a slow recovery in international spending, the U.S. holds nearly double the economic contribution of its closest competitor. The council's 2024 Economic Impact Trends Report found that travel and tourism remain vital to many economies, supporting millions of jobs worldwide. "As we look forward to a record-breaking 2024, it's clear that travel and tourism are not only back on track but also set to achieve unprecedented growth," said Julia Simpson, WTTC's president and CEO. "We will continue to prioritize sustainability and inclusivity, ensuring that this growth benefits everyone and protects our planet for future generations. The sector's resilience and potential for innovation continue to drive us forward."
asianhospitality

U.S.-Canada Trade Tensions Impact Travel: Tourism Declines - Asian Hospitality - 0 views

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    TRADE TENSIONES BETWEEN the U.S. and Canada are beginning to impact the U.S. travel and tourism industry as Canadians cut back on trips. The number of Canadians driving to the U.S. fell 23 percent in February from a year earlier, marking the second straight monthly decline and only the second since March 2021, according to Statistics Canada. President Donald Trump signed an executive order imposing 25 percent tariffs on nearly all Canadian and Mexican goods on Feb. 1, which took effect on March 4. He also repeatedly called for making Canada the 51st state. The decline in Canadian tourists followed former Prime Minister Justin Trudeau's call to reconsider U.S. travel and support domestic tourism. Trudeau, who was succeeded by Mark Carney on March 14, made the remarks in response to Trump's tariffs.
asianhospitality

STR, TE lower projections in final 2024 forecast - 0 views

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    STR AND TOURISM Economics downgraded their growth rate forecast for the U.S. hotel business with their final revision of 2024. The forecast for next year remains uncertain as the impact of the presidential election becomes clear. For 2024, projected gains in ADR and RevPAR were each downgraded, down 0.5 percentage points to 1.5 percent growth for ADR and with RevPAR's projected growth dropping 0.6 ppts to 1.4 percent, respectively. Occupancy for the year was lowered 0.1 ppts to 62.9 percent, after the previous forecast projected the metric to remain steady from 2023. For 2025, the occupancy growth projection was downgraded 0.4 ppts, and the forecast for ADR and RevPAR increases were lowered to 1.6 percent and 1.8 percent, respectively. "The outlook for 2025 remains somewhat in flux, with positive sentiment potentially offset by the higher cost of living," said Amanda Hite, STR president. "Based on current economic conditions, higher-end hotels will continue to drive industry performance. The change in the presidential administration is anticipated to yield stronger economic conditions at first, which is not yet reflected in the data."
asianhospitality

Hospitality professionals oppose NYC's 'Safe Hotels Act' at city hall - 0 views

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    HUNDREDS OF HOSPITALITY professionals gathered at City Hall to oppose Intro 991, the "Safe Hotels Act," highlighting its detrimental effects on NYC hotels, subcontractors, and small businesses. This follows last month's protest, which drew more than 1,500 attendees. Intro 991, despite being framed as a safety measure, imposes costly mandates that threaten the survival of the city's hotels, risking over 265,000 jobs and billions in tax revenue, according to industry associations. Representatives from the American Hotel & Lodging Association and AAHOA were among the protesters. "Intro 991 targets a single industry and will inflict sweeping harm on the hotel sector, the economy, and hotel guests," said Kevin Carey, AHLA's interim president and CEO. "The bill will have devastating, unintended consequences for New York City's tourism and hospitality industries, forcing many hotels and small businesses to close. We urge the city council to reconsider and find real solutions that protect both safety and livelihoods." Since the legislation was introduced in July, AAHOA members have reached out to the council, urging them to reconsider the act. AAHOA Northeast regional director Preyas Patel, past chairwoman Jagruti Panwala, former young professional director Purvi Panwala and AAHOA member Mitesh Ahir addressed the council after the event.
asianhospitality

STR and TE upgrade U.S. ADR, RevPAR forecast for 2023 - 0 views

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    STR AND TOURISM ECONOMICS have increased year-over-year growth projections for ADR and RevPAR in the final revision of the U.S. hotel forecast for 2023. While some factors, such as higher interest rates and more restrictive lending, may impact the economy, their effect on the travel industry is not expected to be strong. In 2023, RevPAR saw a 0.3 percentage point increase, propelled by a 0.6ppt rise in ADR growth, according to STR and TE. Meanwhile, recent RevPAR trends affirm rate as the predominant performance driver. Occupancy was downgraded by 0.2ppts, STR and TE said in a statement. Growth projections for key performance metrics in 2024 remained flat from the previous forecast, reflecting the stabilization of long-term average trends.
asianhospitality

Survey Reveals Concerns on Housing Homeless in LA Hotels - 0 views

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    MORE THAN SEVEN in 10 Americans would be deterred from booking a hotel room in Los Angeles if hotels there are forced to house homeless people next to paying guests, according to a recent poll by American Hotel & Lodging Association. The survey was released as the city of Los Angel considers a proposed ordinance that would require hotels to house homeless individuals alongside paying guests, a change opposed by AHLA and AAHOA. Los Angeles residents will vote in March 2024 on the ballot initiative proposed by Unite Here, a labor union representing L.A.-area hotel workers. The AHLA study highlighted the significant impact such a policy would have on tourism and hotel occupancy in the city. However, if Unite Here's ballot initiative passes, Los Angeles would be the first city in American history to require hotels to house homeless people alongside paying guests.
asianhospitality

Survey: Travelers less concerned for safety from pandemic - 0 views

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    AS COVID-19 FEARS subside, travelers are significantly less concerned about safety during travel, driving a significant rebound in travel activity, according to a survey by travel risk and crisis response provider Global Rescue. Most are vaccinated, or have recently recovered from COVID-19. The 2021 fall Global Rescue Traveler Sentiment and Safety Survey revealed that nearly 86 percent of travelers have taken domestic trips, and 42 percent have traveled internationally, since the start of the pandemic last year. The survey was conducted among more than 1,500 of the firm's current and former members between Oct. 26 to 30, 2021. "Between April and October, there's been a 74 percent jump in people taking domestic trips and an enormous 207 percent increase in individuals traveling internationally," said Dan Richards, CEO of Global Rescue and a member of the U.S. Travel and Tourism Advisory Board. According to the survey, fear of COVID-19-related quarantine or infection while traveling declined by 37 percent compared to January 2021.
asianhospitality

CBRE cuts RevPAR growth forecast to 1.2 percent for 2024 - 0 views

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    CBRE HOTELS RECENTLY reduced U.S. hotel forecast as lodging demand dips amid soft leisure travel and slower corporate profit growth. The upcoming election in November and other economic factors led to the revisions. The research group now projects a 1.2 percent RevPAR increase for 2024, down from 2 percent in May. However, it expects a 2 percent RevPAR growth in the second half of 2024, up from 0.5 percent in the first half, driven by international tourism and election events. Lodging industry performance is closely linked to economic strength, with GDP growth generally correlating with RevPAR growth, CBRE said in a statement. The company forecasts 2.3 percent GDP growth and 3.2 percent average inflation for 2024. "We expect low single-digit RevPAR growth over the near-term as election-related events, growth in inbound international travel and an anticipated lower interest rate environment should support hotel demand," said Rachael Rothman, CBRE's head of hotel research and data analytics. "Challenges including weakening consumer spending and increased competition from short-term rentals, cruise lines and other lodging alternatives pose downside risks."
sanath pollemore

golf in dubai,dubai golf - 0 views

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    Are you crazy for the game golf? Then This Dubai Travel can give you more chance for the sporting entertainment. Dubai hosts many tournament and Golf In Dubai is becoming a major sports that creates impact towards tourism in a higher manner. Apply for the Dubai Visa to enjoy all these features. For any assistance do contact us for more details on 12018846995 and more details visit our website http://www.majesticdubai.ca/destinations/
asianhospitality

Noble's Conley to retire; Seitz is new compliance officer - 0 views

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    FOLLOWING NEARLY TWO decades with Noble Investment Group and a 40-year career in real estate and hospitality, Jim Conley will retire and become a senior advisor to the firm. The company has appointed Katherine Seitz as its new compliance officer. Conley joined Noble in 2006 as chief financial officer before becoming the firm's first compliance officer. In this role, he led the oversight and administration of Noble's regulatory and compliance functions and helped oversee the impact of Noble's core ESG initiatives and its duties as a signatory to the United Nations Principles of Responsible Investment, the company said in a statement. "Jim is a trusted friend and respected colleague who has been an important part of our organization's longstanding success," said Mit Shah, Noble CEO. "We are deeply grateful for his profound commitment to our team and to upholding Noble's ethical standards of performance." Conley said Noble is his family and their journey together had been most fulfilling. "I take immense pride in our team's accomplishments and our distinguished record as an institutional fiduciary. I am equally enthusiastic about the firm's future and its next generation of leadership," Conley said. Seitz assumes responsibility for managing and directing Noble's regulatory, compliance and ESG programs. She joined Noble from Carter's Inc., where she was corporate counsel. She has practiced law and served as in-house counsel focusing on real estate and corporate services for nearly twenty years, the statement added.
asianhospitality

New group forms to protest NYC 'Safe Hotels Act' | USA 2024 - 0 views

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    A NEW GROUP, led by two Indo American hoteliers, has formed to oppose the New York City Council's proposed "Safe Hotels Act," otherwise known as Intro 991. The new group, the NYC Minority Hotel Association, joins other associations including AAHOA, the American Hotel & Lodging Association and the Hotel Association of New York City in saying the proposed ordinance would damage the city's hotel business. The bill, originally proposed by Councilwoman Julie Menin on July 18 and revised on Aug. 2, would require hotels to obtain a license in order to operate in the city. "The application term would be two years, and there would be an license fee of $200. Hotels would be required to maintain continuous front desk coverage and large hotels would be required to have continuous coverage by at least one security guard," the city says on its website. "All hotels would be required to maintain the cleanliness of each guest room. The licensee would be required to directly employ their core employees, subject to enumerated exceptions. Hotels that violate the license conditions would be subject to civil penalties."
asianhospitality

Webinar: More travelers using digital tools to plan trips - 0 views

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    PEOPLE ARE SHOWING a desire to get back to travel, but within certain limits, according to a Reuters Events Travel webinar. The webinar featured information on the current state of the industry from IHG Hotels & Resorts, Visit California and digital consultancy Appnovation. Whether planning, booking or experiencing a vacation, today's travelers are more cautious than ever and are taking more time to research plans and are using digital tools for it, according to the webinar titled "Destination Experience: Driven by Data, Inspired by Travelers." As many as 41 percent of respondents to a survey from Appnovation cited a readiness to travel out of state or province, while only 19 percent were ready for international trips. Almost half of Americans, 49 percent, are likely to travel out of state and 24 percent are likely to travel internationally. "With data, brands are much better equipped to understand these shifts, and use their marketing tools more effectively. In short, you can't innovate properly until you innovate on your internal processes," said Anton Morrison, vice president of user experience and design, Appnovation.
asianhospitality

USTA: U.S. air travel unprepared for World Cup, Olympics - Asian Hospitality - 0 views

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    THE U.S. IS unprepared for the air travel demands of the 2026 World Cup and 2028 Los Angeles Olympics, according to the U.S. Travel Association's Commission on Seamless and Secure Travel. Without immediate action, the outdated system will struggle with increased visitors amid concerns over visas, aging infrastructure and inadequate security technology. The USTA-commissioned report estimates the 2026 World Cup, 2028 Olympics and Paralympics, 2025 Ryder Cup and the U.S.'s 250th birthday celebrations could draw 40 million visitors and generate $95 billion in economic activity. "The next several years will bring unprecedented travel demand that our systems are not prepared to handle," said Geoff Freeman, USTA's president and CEO. "Washington has a small window to fix major travel pain points and unlock a $100 billion economic opportunity-but it will require a level of urgency that has been missing in recent years."
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