News & Stories
The summer in the Alpine vacation hotel industry has begun, but how are the booking forecasts looking so far? Demand in South Tyrol and Bavaria is developing positively, while Tyrol has some catching up to do.
Where is German travel management heading? Optimized processes, the environment and security are at the top of the list for those responsible, according to a recent survey. The range of tasks for travel managers has also expanded significantly.
Saudi Arabia's vision of making the country richer and more desirable with "crazy" mega cities of the future is in the process of collapsing into a shambles. Last week, it leaked to the global press that the oil multinationals are massively scaling back their future projects. And now, they are even begging the Chinese for new money.
More overnight stays. More guests from abroad. Loyal Swiss citizens. With 9.9 million overnight stays in the first quarter of 2024, Swiss tourism and the hotel industry are elegantly following on from the record year of 2023.
Greek tourism is booming. After the record year 2023, exceeding pre-Covid levels, the first quarter 2024 also showed consistent trends. The number of UK travellers was impressive, and the hotel industry saw growth in all directions.
Growth in overnights in tourist accommodation far exceeded that of GDP in 2023. Global overnights grew by about 17% y-o-y, while worldwide GDP only increased by roughly 2.5%. The good news is that this trend is forecasted to continue in 2024, albeit at a less dramatic pace.
Is the "hush workcation" the new vacation trend? Nearly a third of Americans admitted they’ve worked remotely on vacation without telling their bosses.
If Austria's tourism keeps booming, gastronomy, in particular, will be stretched to its limits. The staff shortage already has a negative effect on turnover. Every two years, the industry needs 40% new staff members. Decisions and practical relevance are still needed, as the intensive discussions with younger and older people at the ÖHV and WKO conferences showed.
From terra firma to the windy seas: in 2026, Four Seasons and Accor will launch their own luxury yachts costing millions and billions, followed by the Aman Group in 2027. Ritz-Carlton is already in the business. With super suites of a new dimension and a rejuvenated guest experience, the hotel groups want to show the established cruise companies what top-level hospitality looks like.
The UEFA European Football Championship and the mega concerts with the super stars Taylor Swift and Adele are driving the tourism summer 2024 in Germany. And here, the super stars are beating the football heroes. The hotel industry is already celebrating the rates. The EURO 2024 only generates 144 million euros in revenue for the city of Munich, while Adele brings in half a billion euros. So the city is also cheering.