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.
The third edition of Shop Bahrain, a 30-day retail festival organised in collaboration with Bahrain Tourism and Exhibitions Authority, was deemed a great success with around 130,000 transactions made, compared to 2016's figure of 60,000, worth a total of BHD8 million (USD21.22 million).
According to STR's January 2017 Pipeline Report, there were 159,581 keys in 556 properties under contract in the Middle East, a year-on-year increase of 5.1 percent in rooms.