Whitbread PLC has noticed continued market outperformance in the UK with a strong leisure demand post 17 May.
Hotel news in Germany
The Global Business Travel Association (GBTA) is calling for world leaders of the G7 countries to lead conversations for a seamless return of international travel to boost the global economic recovery.
WTTC Data Shows U.S. Maintains Position as Biggest Travel & Tourism Market Despite Suffering 41% Slide in GDP
Latest data from the World Travel & Tourism Council shows the U.S. maintained its position as the largest global Travel & Tourism market, despite suffering a huge 41% fall in GDP last year.
WTTC research reveals Travel & Tourism sectors contribution to Germanys GDP dropped a staggering EUR161 billion in 2020
The World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Germany’s Travel & Tourism sector has wiped out €161 billion from the nation’s economy. The annual EIR from the WTTC shows the sector’s contribution to GDP dropped 46.9%. The sector’s impact on Germany’s GDP fell from €344 billion (9.8%) in 2019 before the pandemic struck, to €183 billion (5.5%), just 12 months later, in 2020.
Preferred Hotels & Resorts has announced 13 new member hotels from May 1 through August 31, 2020. These recent additions mark 39 new member hotels to join the its global portfolio in the first 8 months of the year
A devastating €38 billion looks set to be lost from the German economy due to the collapse of international travel during 2020, according to latest research conducted by the World Travel & Tourism Council (WTTC).
Following the acquisition of the Meliá Berlin, Union Investment has secured another high-yield hotel property by Spanish hotel brand Meliá for one of its institutional real estate funds.