The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance in Q2 2023, primarily driven by the significant rise in Average Daily Rate (ADR) of 16.4% over Q2 2022 resulting in a RevPAR growth of 15.4%. The second quarter recorded a dip in occupancy levels due to the onset of the summer vacations…
Banyan Tree Group’s growth soars with 70th property milestone
Banyan Tree Group proudly celebrates its 70th property milestone with the recent openings of Angsana Ho Tram and Dhawa Ho Tram in Vietnam, as well as Folio Sakura Shinsaibashi Osaka and Homm Stay Yumiha Okinawa in Japan – all unveiled in mid-2023. With these new additions, Banyan Tree Group reaffirms its commitment to delivering exceptional…
Milan Bergamo records double-digit growth in first half of 2023
Milan Bergamo Airport has witnessed more than 7.6 million passengers pass through its doors already this year, recording an impressive double-digit growth when compared to the same period in both 2022 (31%) and pre-covid 2019 (18%). Welcoming over one million passengers every month, 2023 seems set to beat 2019 as the most successful year in…
SKY Express: Robust organic growth with new products & environmentally responsible proposals
In a special event SKY express and Athens International Airport “El. Venizelos” welcomed their partners marking the beginning of the new tourist season. At an event jointly organized by Athens International Airport and SKY express at the Arion Veranda of the Four Seasons Astir Palace Hotel Athens, representatives of the country’s largest travel agencies, the…
Direct Ferries secures new investment to support growth strategy
Direct Ferries, the world’s leading ferry aggregator has secured new investment from financing partner, ICG. Livingbridge, the founding Davies family and Management have also reinvested into the business. The refinancing deal will support Direct Ferries continued international growth strategy across its primary consumer business and fast-growing B2B and Freight channels. Direct Ferries is the world’s largest ferry…
Sky Vacations: UK Market Growth and Portfolio Expansion
Sky Vacations, a luxury tour operator announced today substantial growth in the UK market and its portfolio expansion to the United Kingdom. The company, known for its exceptional customized travel experiences has seen consistent growth within the UK and will be meeting market demand by adding new products to its portfolio. “It’s no surprise to…
Swiss-Belhotel International plans ambitious growth in Malaysia through joint venture with Nautical Insight Sdn Bhd
Aiming to reach 10 hotels, 2000 rooms, and creating 1,500 jobs by 2025 in Malaysia, Swiss-Belhotel International embarks in a strategic joint venture with Nautical Insight Sdn Bhd. The hotel, tourism and leisure industry is one of the leading service industries and is a significant source of economic growth in Malaysia’s economy. Within Malaysia, the…
Business travel is booming with 52 per cent growth
Business travel is well and truly back on the agenda as Travel Counsellors, one of the UK’s leading independent travel companies, has reported bumper corporate transactions, with sales for the new financial year (November-December) up by 52 per cent on pre pandemic levels (2019). Furthermore, corporate sales are 73 per cent up compared to the…
Impressive growth for Europe’s hotels
Pulse Report data shows hotel bookings in Europe are ahead of 2019 figures through to the end of the year, with Christmas data looking particularly promising for Europe’s city destinations. The latest edition of the Duetto Pulse Report, which tracks forward-looking hotel performance data from September 2022 and compares it with August 2022, same time last year…
Klook: Asia Pacific travel recovery with strong 300% QoQ revenue growth
Klook announced that it is seeing accelerated cross-border travel growth in Asia Pacific with one of its strongest quarters (over 300% QoQ growth) as it celebrates its eight-anniversary driven by accelerated cross-border travel growth in Asia Pacific, even without North Asia fully opening its borders. Travel interest remains high with more than 140% year over…
