Four out of five Asian travelers now say travel is a necessity, not a luxury, according to Sabre.
Media, property and alcohol industries may feel the biggest pinch from a 30-day ban on "joyful events" after the death of its ninth monarch.
MILAN, Oct 20- The personal luxury goods market won't grow this year because tourist spending is slowing down and wealthy consumers prefer to spend on design, travel and gourmet food rather than clothes and accessories, Bain& Company said on Thursday. "There is a progressive shift from physical products to experiences, especially in the last year," Federica Levato,...
Asian travelers are either explorers, followers, connectors or opportunists, according to Sabre's report on the world's largest travel market.
TOKYO, Oct 19- Spending by tourists visiting Japan fell in the third quarter for the first time in almost five years, government data showed on Wednesday, a sign that the economic benefits of a tourism boom are starting to fade. Tourists have been visiting Japan in record numbers after Prime Minister Shinzo Abe's administration relaxed visa requirements for...
Holger Jakobs, VP at Mövenpick, talks about the hospitality brand's Asian expansion and the surge in Chinese travelers.
Steve Hafner, CEO of Kayak, talks about how mobile provides the fare aggregator with greater amounts of data, as well as the company's AI push.
Accor's JO&JOE brand was designed around millennials to tap into changing consumer preferences, says Michael Issenberg, chairman & CEO at AccorHotels Asia.
Small start-ups either have to possess a specific niche or have global scale to compete in China, says Fritz Demopoulos, CEO at Queen's Road Capital.
FastBooking's Guillaume de Marcillac talks about how the digital space gives hoteliers the opportunity to reinvent themselves for Asia's booming middle class.
Lack of spending on tourism infrastructure will prevent Asean economies from keeping up with growth forecasts, says World Travel & Tourism Council's David Scowsill.
HAVANA, Oct 17- Havana's city government has temporarily suspended issuing licenses for new private restaurants in the city and warned existing ones to obey tough regulations, according to several owners of the businesses popular with foreign tourists. The tougher line could put a crimp in Havana's food offering during the upcoming tourism season when both...
*Minister on cabinet sub-committee on Kenya Airways. NAIROBI, Oct 12- Restructuring loss-making carrier Kenya Airways will take a month, the government said on Wednesday, appealing to pilots to withdraw a strike notice and join discussions. Visitor numbers and earnings have sagged, after peaking in 2011, hurt by security worries stoked by Somali Islamist...
LONDON, Oct 11- When the pound plunged this month on new worries about Brexit, New Yorkers Derek Hotter and Ian Clark hopped on a plane for an impromptu holiday in Britain. Record numbers of dollar-, yuan- and euro-rich tourists eager to snatch a bargain could be a silver lining after the sharp decline in sterling since Britain voted to leave the European Union on June...
A “tourism blacklist” the Chinese government set up last year to name and shame misbehaving travelers does not seem to have had an impact, the NYT reports.
Over the next two weekends, about 150,000 visitors will hit Desert Trip and spend nearly half a billion dollars once the final curtain falls.
Sterling has recovered slightly from its flash crash when it plunged 6 percent against the dollar. Who will benefit if the pound stays low?
The tourism and leisure business can get volatile, but Hilton Worldwide's CEO thinks the legacy hotel chain has the right strategy.
Size matters but success in the hotel business requires quality as well, says Hilton Worldwide's Christopher Nassetta.
Hilton Worldwide CEO Christopher Nassetta talks about old and new competitors, including the merged Marriott-Starwood group and disruptor Airbnb.