Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.
- Future Hospitality Summit Saudi Arabia: Exciting agenda & stellar speakers
- Fostering better hotel-planner partnerships with seven key strategies
- UK tops early 2025 holiday bookings, Sabre data shows
- Marriott International signs agreement with NEOM
- Hilton surpasses 800 hotels in Asia Pacific, sees Q1 2024 growth
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Exciting agenda & stellar speakers at Future Hospitality Summit Saudi Arabia!
Future Hospitality Summit (FHS) Saudi Arabia has unveiled a stellar lineup of speakers and an action-packed agenda with over 1,200 hotel investment decision-makers expected to attend at the Mandarin Oriental Al Faisaliah, Riyadh, from 29 April to 1 May 2024. The first morning (29 April) is dedicated to the Global Restaurant Investment Forum (GRIF). GRIF will tap into Riyadh’s growing dining-out scene with main-stage presentations, case studies and panel discussions, F&B workshops, culinary & concept tours, and a dedicated networking dinner.
Fostering better hotel-planner partnerships with seven key strategies
The meetings and events business continues to draw visitors worldwide to the most desired destinations. The path back seems smoother than ever for hoteliers getting their groove back. Indeed, the meetings industry continues to be an essential revenue driver for increasing profitability for hotels of almost any size. For meeting planners, however, the story may be a little different.
Early 2025 holiday bookings: UK takes the lead; Sabre data indicates
Sabre has revealed its booking insights, showing that UK travellers are leading the global trend by planning their 2025 trips earlier than travellers from other countries. This shift reflects a major change in travel habits worldwide, where early bookings have become the preferred way to secure desired travel experiences and control costs. Sabre’s data found that British tourists are the most decisive in their travel arrangements, especially for long-haul destinations that combine “sun and culture”.
Marriott International signs agreement with NEOM
Marriott International, Inc. announced it has signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the country’s northwest region, the property will offer a complete escape into a private world of luxury.
Hilton surpasses 800 hotels in Asia Pacific, sees Q1 2024 growth
In the first quarter of 2024, Hilton’s RevPAR grew 7.9% in Asia Pacific versus 2019 levels on top of a strong 2023. The rise is backed by steady growth in leisure and business travel, the continued increase of the pan-Asian traveller, and ongoing strength in international arrivals. China’s outbound travel showed further signs of recovery, with Southeast Asia and Japan benefiting from inflows, while Hilton’s hotels in Singapore and Australia gained from major international music acts.
That’s all folks!