South Korea's hotel market has seen significant growth over the past two years, with substantial increases in Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and occupancy rates. Key drivers of this growth include strong domestic and international demand, the Korean cultural wave (Hallyu), and medical tourism.South Korea has solidified its position as one of the leading hotel markets in the Asia-Pacific region, driven by robust domestic and international demand over the past two years.The country's impressive performance metrics highlight its resilience and potential for sustained growth in the hospitality sector.
Create: May 29, 2024 Edit: May 29, 2024 International NewsRussia and India are preparing to initiate consultations in June to discuss a bilateral agreement aimed at simplifying travel between the two countries.This agreement seeks to enhance tourism ties through visa-free group tourist exchanges. Russia aims to significantly boost tourism cooperation through these agreements
Create: May 29, 2024 Edit: May 29, 2024 International NewsDubai has introduced a new long-term visa called the Dubai Gaming Visa to attract game developers, content creators, and professional gamers from around the world. This visa is part of Dubai's strategy to grow its gaming sector, an initiative launched by the Crown Prince of Dubai.introducing this program last fall, the goal is to position Dubai among the top 10 global cities in the gaming industry within the next ten years.Russia and India to Discuss Visa-Free Travel Agreement
Create: May 29, 2024 Edit: May 29, 2024 International NewsThe beachfront resort, Sofitel Al Hamra, owned by Al Hamra Real Estate Development, officially opened its doors on May 13, 2024.This exclusive five-star resort, situated in the Al Hamra Village and beautifully set along the pristine coastline of Ras Al Khaimah, offers a unique and unparalleled experience for discerning travelers.
Create: May 29, 2024 Edit: May 29, 2024 International NewsInterContinental Hotels & Resorts is utilizing advanced circadian technology to enable their guests to perform at their best during their travels. This collaboration is part of the transformative evolution of InterContinental Hotels & Resorts being rolled out globally. With a deep understanding of the diverse needs of modern travelers, InterContinental is introducing a range of initiatives under the banner of "Intentional Flexibility," designed to help guests seamlessly navigate their daily lives.
Create: May 29, 2024 Edit: May 29, 2024 International NewsNew York, boasting the world's busiest airport system and ranking first in international arrivals to the United States, hosted 61.8 million tourists in 2023.This figure represents a 93% return to the record-breaking visitor levels of 2019, with expectations that it will reach 64.5 million by the end of the year. These statistics indicate a robust revival of New York's tourism industry following the downturn caused by the COVID-19 pandemic.
Create: May 29, 2024 Edit: May 29, 2024 International NewsFollowing the significant increase in hotel booking demand after the inauguration of the Ram Temple in Ayodhya, India, accommodations in this holy city are facing challenges in optimizing their booking processes and maximizing revenue. In response, New Zealand-based hospitality solutions provider Staah has commenced operations in Ayodhya through a partnership with Clarks Inn Express hotel. Staah's advanced hospitality technology solutions will assist Clarks Inn in managing their room inventory across all booking platforms. These solutions enable the implementation of efficient operational processes, ultimately leading to increased revenue and profitability.
Create: May 29, 2024 Edit: May 29, 2024 International NewsEmirates Airlines, the aviation and travel services giant, has announced impressive achievements and record-breaking profits in its 2023-2024 annual report. In the fiscal year ending March 31, 2024, the company achieved a record profit of $5.1 billion, a 71% increase compared to the previous year. The group's revenue also reached $37.4 billion, a 15% increase from the previous year. Emirates Airlines, one of the world's largest airline and travel service companies, includes Emirates Airline, dnata, Emirates SkyCargo, and other subsidiaries By providing high-quality services to customers and expanding its global operations, the group is continuously progressing and developing.
Create: May 22, 2024 Edit: May 22, 2024 International NewsEchor Hotels & Resorts has announced the addition of a new hotel, "The Zion," to its portfolio. This new hotel in Shimla comes after a comprehensive five-year search for the perfect location, underscoring Echor's dedication to providing the most luxurious and serene accommodations in the picturesque Himalayan foothills. With its unparalleled amenities and unique geographic location, this hotel will offer guests an unforgettable experience of tranquility and natural splendor. This initiative aligns with Echor's strategy to expand its brand and strengthen its presence in scenic and touristic regions.
Create: May 22, 2024 Edit: May 22, 2024 International NewsFortune Hotels in India proudly announces the opening of its 144-room all-vegetarian hotel. The new Fortune hotel, with its modern design and luxurious amenities, is recognized as the first all-vegetarian hotel in the region. Highlighted features of this hotel include diverse vegetarian restaurants, fully equipped conference halls, an outdoor pool, and a state-of-the-art fitness center. Additionally, its proximity to the Statue of Unity, one of India's main tourist attractions, makes this hotel an ideal choice for tourists and business travelers.The opening of this new hotel not only signifies the expansion of the Fortune brand in the hospitality industry but also demonstrates the company's commitment to sustainability and promoting a healthy lifestyle.
Create: May 22, 2024 Edit: May 22, 2024 International NewsNewest Instagram post of the secretary general of the world tourism organization; I send my condolences for the tragedy involving president of Iran Ebrahim Raisi and foreign minister Hossein Amir-Abdollahian, their delegation and crew. Our thoughts are with all those in mourning today.
Create: May 22, 2024 Edit: May 22, 2024 International NewsDutch airline Corendon Airlines will transport three million passengers to popular tourist destinations in Europe this summer. Corendon, which operates direct flights to over 20 airports in Germany, its main market, currently offers flights to tourist and ethnic destinations in Turkey, Spain, Greece, Morocco, and Egypt. In the first quarter of 2024, Corendon saw a 14% increase in passenger numbers compared to the previous year. Strong demand in March led to a 25% increase in passengers.Corendon Airlines continues to expand its network of destinations and flight schedules, offering direct flights from 20 airports in Germany.
Create: May 22, 2024 Edit: May 22, 2024 International News