Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is “minuscule” compared with what’s to come, Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” Monday. “The story for India is before us,” he said. “India outbound will be … Read more
The global travel industry is set to fully recover from the Covid-19 pandemic this month, according to U.N. Tourism. During the first nine months of 2024, international arrivals worldwide reached 98% of pre-pandemic levels, compared to the same period in 2019, it said. The remaining 2% gap will close this month, according to the organization, … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The first half of 2024 was marked by depressed consumer confidence, but the second half saw increased travel interest that will impact on bookings to Japan, Korea and Southeast Asia in 2025, Hilton Asia-Pacific President Alan Watts told “Squawk Box Asia” on … Read more
Forget the headphones, the fuzzy slippers and the espresso machine that cranks out a cold brew. Globally, three out of four Gen Zs and millennials said that rather than a physical gift, they want a fun experience or trip this holiday season, according to an Amex Trendex survey. Gift givers are listening too. Half of … Read more
Royal Caribbean’s “Icon of the Seas,” billed as the world’s largest cruise ship, sails from the Port of Miami in Miami, Florida, on its maiden cruise, on Jan. 27, 2024. Marco Bello | Afp | Getty Images The demand for cruises is still going strong — and it doesn’t appear to be letting up anytime … Read more
Many hotel chains are racing to replace the plastic room key with digital options, including Apple Wallet and Google Wallet apps. Plastic hotel key cards have had a rough few years. During the pandemic, touch was taboo, so touchless trends accelerated. And cybersecurity concerns have mounted around hotel key technology. Earlier this year, researchers found a vulnerability in … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hyatt CEO Mark Hoplamazian joins ‘Money Movers’ to discuss their plans to acquire Standard International, the parent company of the Standard and Bunkhouse Hotels brands, and what this acquisition means for Hyatt. Read original article here Denial of responsibility! Pioneer Newz is … Read more
During the second-quarter earnings period, many companies signaled travel demand is expected to drop in 2024. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to … Read more
Americans might be watching their spending amid persistent inflation, but it’s not deterring many of them from traveling this summer — especially those with higher incomes. Morgan Stanley and AlphaWise polled about 2,000 U.S. consumers in May and found that 60% of consumers are preparing to take a summer trip. Among consumers who earn between … Read more
Responding to angry customers is one of the hardest parts of her job, Natasha said. Finding the right words, conveying the appropriate level of contrition — especially when the hotel isn’t at fault (read: rain complaints) — is a tedious and time-consuming process, said the director of a five-star resort, who asked that CNBC not … Read more
