UNWTO may not be too far off the mark on its recovery prediction for the Middle East considering the number of hotel openings and new projects in the region. However, the road to recovery is fraught with economic and geopolitical risks.
Even as global hotel development may have slowed down due to serious risks looming over the economy, the hospitality sector's development of Gulf nations remains robust. The nations realize offering choice is essential for people to visit a destination.
We all know this having paid nose-bleed rates for anything in travel these days: U.S. hotel rates in April were the highest ever in recorded rate history, according to latest…
The latest data since the Omicron variant emerged isn’t showing any massive swings in global hotel performance, but that doesn’t mean all regions are selling out rooms.
Sonder revenues are rising while its losses are widening, even as SPAC deals are coming under additional pressure. The new funding raised will help continue to focus on building the company and hopefully keep the economics in check enough to complete the deal.
Be wary of everybody’s favorite word at the moment: pent-up demand. Your typical leisure traveler can book a trip and pack their bag in minutes, but companies will keep employees on a tight leash for years to come.