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Saudi Arabia's Emerging Cities Provide Unique Opportunities in Hotel Industry
2025-05-14 19:53:45| Hotel Resource
Saudi Arabia's rapid growth in the global tourism sector, driven by major development projects, creates unique investment opportunities, especially in emerging cities. The country is expected to command 58% of the Middle East and North Africa (MENA) hotel supply by 2028, according to a report by JLL.
Category:
Hospitality
LATEST NEWS
Direct Bookings Surge in UK Hospitality Sector: A Shift from OTAs
2025-05-14 19:50:54| Hotel Resource
A new study by BestBookDirect.com shows that direct bookings are showing robust growth in the UK hospitality sector, with an average annual growth of 7%. This trend is primarily driven by brand loyalty, ease of use, and the perceived quality of information on provider websites, as opposed to Online Travel Agents (OTAs).
Category:
Hospitality
U.S. Stands Alone as Only Nation Facing Decline in International Visitor Spending in 2025
2025-05-14 19:41:06| Hotel Resource
The World Travel & Tourism Council (WTTC) has revealed that the U.S. could lose up to $12.5 billion in international travel spending in 2025, marking a significant 22.5% decline from its previous peak.
Category:
Hospitality