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Travel and Tourism DECODED

Latest edition: 16 May 2024
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Spotlight

Mastercard reveals 2024 travel trends as cruises compete with hotels

According to the Mastercard Economics Institute, consumer spending on travel and accommodation is robust.

Latest news

Choice Hotels and Air France-KLM partner for travel rewards

Choice Privileges' members can now exchange their points for Flying Blue Miles at a rate of 5,000 points to 1,000 miles.

CDL unit acquires Hilton Paris Opéra hotel in €240m deal

The 268-room hotel has further expanded CDL’s presence in the French capital city.

Travel and tourism sector deal activity down by 13.5% YoY in January-April 2024

GlobalData’s Deals Database reveals that the number of travel and tourism M&As and venture financing deals declined in January and February.

Find Out More

Truett-Hurst, announced that beginning Fall 2014 and Spring 2015, Total Wine & More, "America's Wine Superstore" will be adding several new Truett-Hurst SKU's to their wine listings.

Marriott's Tribute Portfolio hotel launches in Dubai

The hotel offers 491 guest rooms, dining options, outdoor swimming pool, a fitness centre, a business centre, and more.

Four Seasons Hotel Toronto reopens after guest rooms' renovation

Four Seasons Hotel Toronto in Canada has concluded a multi-million-dollar revamp of guest rooms, to offer improved comfort, functionality, and design.

Cloudbeds and Cendyn enter strategic partnership to boost hotel revenue

The partnership provides cross-channel connectivity, digital advertising management, and insightful analytics.

Emirates launches SAF operations at London Heathrow Airport

Emirates Airlines started operating with SAF from Shell Aviation at London's Heathrow Airport (LHR), the airline company announced on 15 May. Neat SAF, blended with conventional jet fuel, will supply more than 3,000t into the airport's fuelling infrastructure network until the end of summer 2024.

More Chinese investment in Hungarian rail?

Hungary’s Government has hinted at Chinese investment in its rail sector, following President Xi Jinping’s visit to Europe and Hungary’s President Viktor Orban.

Travel and tourism sector deal activity down by 13.5% YoY in January-April 2024

The travel and tourism sector witnessed 217 M&A, private equity, and venture financing deals during January-April 2024, compared to 251 deals last year.