Having achieved success in the first quarter (Q1) of this year, Canada’s hotel industry expected to welcome a boost through 2018 according to a forecast report by STR and Tourism Economics.
STR’s May 2017 Pipeline Report unveiled 609,417 rooms in 2,760 hotels under contract in the Asia Pacific region, which represents a 3.8 percent increase in terms of keys under contract compared to May 2016.
According to STR’s May 2017 Pipeline Report, there were 39,434 units in 226 developments under contract in the Caribbean and Mexico, a 39 percent surge in rooms under contract compared to May 2016.
As revealed by STR’s preliminary data, hoteliers in Hong Kong recorded strong performance in May driven by a 4.8 percent year-on-year boost in demand thanks to a number of international conferences and events including Hofex, among others.
According to STR, the US hotel industry reported a one percent year-on-year decrease in occupancy to 63.9 percent during the week May 28 – June 03.
STR’s May 2017 Pipeline Report revealed that 159,711 keys in 581 hotel projects were under contract in the Middle East, a 3.8 percent year-on-year increase in the number of rooms in the construction or planning stages.
During Arabian Travel Market, Rotana signed a management agreement with Golden Group Holding (GGH), for the opening of a new property in Muscat, Al Mouj Rayhaan by Rotana.
In its 2017 Summer Vacation Value Report, TripAdvisor highlighted the top 50 domestic destinations for US travellers this summer, based on the greatest increase in seasonal hotel booking interest, including the average one-week vacation costs for hotels and airfare.
NYC & Company, New York City's official destination marketing organisation, held a press conference in Toronto, kicking off a three-city Canadian sales mission to destination which also included visits to Quebec City and Montreal.
Trailfinders and Travelport have signed a new long-term agreement, building on a 25 year relationship between the two companies.