Industry experts predict a significant surge in Jakarta's hotel sector in 2024. In 2023, the market saw the addition of 1,706 rooms, marking a 2.7% YoY growth. Looking ahead, from 2023 to 2025, the hotel supply is forecasted to grow at an annual rate of 2.6%. In the coming years, ...
Market size of the quick service restaurant sector in Canada from 2012 to 2022 (in billion U.S. dollars) Premium StatisticFull service restaurant industry market size in Canada 2022-2023 Full service restaurant industry market size in Canada 2022-2023 ...
As hospitality businesses tackle these challenges, industry leaders are also calling on the government for urgent support. 4. Environmental Considerations The climate-crisis is at the forefront of the public’s mind and conversation. In 2023, hospitality and travel businesses must not just be ...
What years does this UK Hospitality Industry cover, and what was the market size in 2023? UK Hospitality Industry Report The UK hotel and restaurant sector is dynamic, with a blend of domestic and international brands contributing to high competition in the service industry. The tourism sector sa...
The U.S. hotel industry finished 2023 with record highs in average daily rate and revenue per available room, said Amanda Hite, president of STR, CoStar’s hospitality analytics firm. The overall economy held up better than anticipated, but there will be some economic slowdown in the U.S. ...
In the global airline industry, it was anticipated that 2023 brought in net profits of $9.8 billion, although these profits will come with a razor-thin net profit margin of 1.2%. (Mint) Rail transport is set to experience exponential growth in 2024, emerging as the fastest-growing travel ca...
Tourism and hospitality are among the largest industries in the region and critical to the vitality of our economy. The growth of the industry depends on all types of jobs to support the needs of all types of visitors — leisure, business and convention — traveling to Greater Philadelphia. ...
Nevertheless, the outlook for the travel industry in 2024 looks encouraging. Economic forecasts have shifted from fears of a global recession to expectations of a soft landing and moderate growth. Recovery in international, business, and group travel is gaining momentum. Despite higher prices, consume...
Hospitality trends are always evolving, and players in the industry must stay updated to remain relevant and competitive. These trends, which include using reservation management systems like a WordPress hotel booking plugin, can significantly improve your hotel workflows. Staying on top of hospitality ...
#Industry News By Swiss Education Group View profile Featured News 22 March, 2023 Swiss Hotel Management School offers an elite education as the third-best hospitality school in the world #Corporate News 09 March, 2023 Perfecting Soft Skills for a Successful Career #Academics 02 February, 2023...