Travel and Tourism DECODED
Latest edition: 20 May 2024
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Spotlight
Las Vegas landmark the Mirage to close doors
New owner HRI is forecast to provide a total of $80m in severance pay to affected employees.
Latest news
Companies seen hiring for roles to lead sustainable practices in travel and tourism industry
With COP26 on the horizon, sustainability will be a stronger theme than ever for businesses, especially for those in the travel and tourism sector. Sustainable tourism is fast becoming more of a necessity than a choice in the field: According to research from GlobalData, global international arrivals between 2010 and 2019 grew at a CAGR of 4.7%. This large growth in international travel has brought with it unsustainable impacts, with a 2018 study published in Nature Climate Change stating global tourism is now responsible for nearly 10% of the world’s carbon emissions.
Travel tech company OYO plans IPO refiling
The move comes as the company intends to raise up to $450m through the sale of dollar bonds.
Metaguest.AI expands AI digital concierge services to 30 new Florida hotels
The hotel partners can use Metaguest.AI’s solution to offer AI-curated recommendations for local attractions, dining, and entertainment to their guests.
Maverick assumes management of The Last Hotel STL in Missouri
Maverick Hotels has expanded its management portfolio with the addition of The Last Hotel STL in Saint Louis, Missouri, reported hotel-online.com.
Extendam acquires two Sofitel hotels in Italy and Portugal
Extendam, an investment company with a focus on the hotel sector, has announced the acquisition of two iconic Sofitel properties in Europe.
Fleet efficiency is “most important focus” for Etihad's sustainability
The airline spoke to Airport Technology about some of its sustainability efforts during a visit to its Abu Dhabi headquarters.
Australian Federal budget gives $660m for rail resilience
The Australian Government has confirmed A$1bn ($660m) for upgrading national railways’ infrastructure which has been battered by climatic events over several years, in its annual budget.
The Hosteller launches smart hotel brand Bam in India
The brand is intended to cater to the premium boutique segment of the market.
Companies seen hiring for roles to lead sustainable practices in travel and tourism industry
A notable shift is underway in the travel and tourism industry as companies are increasingly prioritizing sustainable practices, energy efficiency, waste reduction, and conservation efforts in their hiring strategies.
In our previous edition
Travel and Tourism Decoded
Ennismore to open SO/ Budapest hotel in Hungary in 2026
17 May 2024
Travel and Tourism Decoded
Mastercard reveals 2024 travel trends as cruises compete with hotels
16 May 2024
Travel and Tourism Decoded
Hyatt opens first hotel in Zimbabwe
15 May 2024
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