Articles tagged “jll”

As the Indian traveler drives demand to lesser explored domestic destinations, major brands are finding opportunities to grow in the Indian hinterlands.

Global hotel transactions hit the second lowest in a decade last year – only the exceptional 2020 pandemic year was worse.

It's not surprising that the Middle East is prioritizing hotel development to accommodate a growing influx of tourists. This proactive approach aligns with their broader economic and tourism strategies to foster long-term growth and competitiveness in the global tourism market.

Accor said on Monday that it had named Gilda Perez-Alvarado as its group chief strategy officer in charge of overseeing global strategy, relations with hotel owners, and strategic partnerships.

Given travelers’ demand for exciting alternatives to the packed streets of tourist hotspots, India’s best kept secrets are now waiting for new stories to tell.

Asfar's launch aligns with the Saudi sovereign fund’s broad strategy, which is centered around tapping opportunities within the tourism sector and building strategic partnerships with private companies.

The sustenance of domestic leisure travel and higher bookings from meetings, incentives, conferences and exhibitions, coupled with an increase in foreign tourist arrivals, would continue to support revenues in the business travel market.

Destinations in the Middle East understand that to realize their very ambitious tourism goals, they need to create enough infrastructure. Little wonder then that Saudi Arabia is now racing ahead of United Arab Emirates to build more hotel rooms.

From issuing the first tourist visa in September 2019 to the announcement of a free-of-charge four-day stopover transit visa for air travelers, Saudi Arabia has indeed come a long way. And then of course there's the target to attract 100 million tourists per year by 2030.

When every investor in a sector says they're "cautiously optimistic," watch out.