Pegasus Apart Hotel in the Queen Victoria Market precinct for sale
Pegasus Apart’Hotel, located in a prized location in Melbourne due to its proximity to the legal precinct, universities and Queen Victoria Market, has been placed on the market.
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Hotel news in Oceania
Colliers report on the New Zealand hotel market confirms a recovery is underway
Colliers report confirms New Zealand Hotel sector continues its pathway to recovery in the YTD 30 June 2021.
Boutique hotel for sale in Maroochydore, Australia
Loea Boutique Hotel in Maroochydore, Australia has published EOI for sale.
MA Financial Group acquires All Seasons Resort Hotel in Bendigo
MA Hotel Management, a private entity of MA Financial Group, acquires All Seasons Resort Hotel in Bendigo, Australia.
Wyndham Hotels & Resorts opens two new hotels in New Zealand
Wyndham Hotels & Resorts continues to expand its brand in New Zealand by opening two new hotels.
Accor to open new Sofitel hotel in Australia
Accor is planning to open a new Sofitel hotel in September in Adelaide, Australia.
Accor Expands Peppers Brand to Marysville, Australia
Accor, has opened its first property in Victorias picturesque Yarra Valley.
Wyndham Hotels & Resorts Continues Strong Growth in Asia Pacific with Accelerated Expansion Planned in 2021
Wyndham Hotels & Resorts continued on a strong growth trajectory in Asia Pacific in 2020, overcoming global uncertainty to achieve a series of important hotel openings, major milestones and a strong pipeline of new properties scheduled to launch in 2021 and beyond.
Europe is the only region growing hotel construction
According to March pipeline data from STR, Europe is the only region in the world showing increased hotel construction activity in comparison with the end of Q1 last year.
Anticipated Boom In Summer Holiday Bookings Dampened By Uncertainty Over Travel Restrictions
A poll conducted by GlobalData has shown that quarantine requirements and travel restrictions remain the two main deterrents to international travel with 58% and 55%* of respondents expressing that these factors would deter them from traveling.
Negative Passenger Demand Trend Continues in February
The International Air Transport Association (IATA) announced that passenger traffic fell in February 2021, both compared to pre-COVID levels (February 2019) and compared to the immediate month prior (January 2021).
IHG Hotels & Resorts announces major Mornington Peninsula signing
IHG Hotels & Resorts is thrilled to announce that its luxury InterContinental brand will come to Sorrento in Victoria’s Mornington Peninsula as part of the redevelopment of the Hotel Continental. It follows the signing of a management agreement with the Consortium behind the iconic Hotel Continental redevelopment on the state’s famed coastal strip.
Tourist Arrivals Down 87% In January 2021 As Unwto Calls For Stronger Coordination To Restart Tourism
The devastating impact of the COVID-19 pandemic on global tourism has carried on into 2021, with new data showing an 87% fall in international tourist arrivals in January as compared to 2020. The outlook for the rest of the year remain cautious as the World Tourism Organization (UNWTO) continues to call for stronger coordination on travel protocols between countries to ensure the safe restart of tourism and avoid another year of massive losses for the sector.
WTTC research reveals global Travel & Tourism sector suffered a loss of almost USD4.5 trillion in 2020 due to the impact of COVID-19
Travel & Tourism sector’s contribution to GDP plunged a staggering 49.1% in 2020. Job retention schemes look to have saved millions of jobs - but the threat remains. Swift action could see lost jobs and GDP contribution return by 2022
voco Hotels grows to over 50 openings and signings, marking IHG Hotels and Resorts fastest ever global expansion
IHG Hotels & Resorts’ premium voco Hotels brand has officially reached the milestone of 50 signed and open hotels in more than 20 countries across the globe – marking IHG’s fastest ever global expansion.
Governments Join Sector Leaders In Backing Principles For International Code To Protect Tourists
More than 100 countries, alongside international organizations and leading business groups have agreed to adopt harmonized standards for assisting tourists caught up in emergency situations. The Committee for the Development of an International Code for the Protection of Tourists has agreed on the text of the first two Chapters of the Code, containing seven key principles for a landmark legal code aimed at restoring confidence in international travel in the wake of the COVID-19 pandemic.
Tightened travel restrictions underline current challenges for tourism
One in three destinations worldwide are now completely closed to international tourism. According to the latest data from the World Tourism Organization (UNWTO), the emergence of new variants of the COVID-19 virus has prompted many governments to reverse efforts to ease restrictions on travel, with total closures to tourists most prevalent in Asia and the Pacific and Europe.
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2020: WORST YEAR IN TOURISM HISTORY WITH 1 BILLION FEWER INTERNATIONAL ARRIVALS
Global tourism suffered its worst year on record in 2020, with international arrivals dropping by 74% according to the latest data from the World Tourism Organization (UNWTO). Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This compares with the 4% decline recorded during the 2009 global economic crisis.
COVID-19 Cash Burn Continues - Urgent Preparations for Restart
The International Air Transport Association (IATA) released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.
IHG and Proinvest build Brisbane CBD presence with two premium hotel conversions
The huge momentum behind the popular Hotel Indigo and voco brands continues, as IHG Hotels & Resorts and Pro-invest Group build on their partnership with the signing of two high-profile conversion hotels in the Brisbane CBD.
