-Annual Survey for the Hotel Industry 2023: The hotel industry is dynamic but also faces challenges. Significant growth in turnover of Greek hotels, rising prices, increasing employment but with a large number of vacancies and plenitude, according to the Annual Survey for the Hotel Industry in 2023, conducted by ITEP (Research Institute for Tourism) on […]
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The World Travel & Tourism Council (WTTC) partnered with Hotelbeds to bring sector leaders together in Palma, Mallorca, to delve into the ever-evolving dynamics of global Travel & Tourism. Titled “Global Trends in the Tourism Sector”, the event provided a platform for attendees to gain valuable insights into the current state of Travel & Tourism […]
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U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. • GOPPAR: US$84.03 • TRevPAR: US$222.97 • EBITDA PAR: […]
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A new analysis by the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism business sector, estimates 412,000 Travel & Tourism jobs in the U.S. will remain unfilled this year, putting in serious jeopardy the recovery of the sector. According to WTTC’s data, one in 18 jobs remained vacant during the […]
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Major new research from the World Travel & Tourism Council (WTTC) has revealed the global Travel & Tourism sector’s contribution to the global economy could reach $8.6 trillion this year, just 6.4% behind pre-pandemic levels. In 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated nearly $9.2 trillion to […]
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