Investment Deals in European Hotel Industry
Recent investment deals in the European hotel industry, particularly in Spain, highlight strong investor interest. Bet Capital Group acquires Izan Hoteles, Ona Hotels & Apartments expands their portfolio, and Grupo Fagra purchases Occidental Castellana Norte hotel in Madrid. These acquisitions signal a growing trend in the Spanish hotel market.
Las Vegas Tourism Chief Faces Investigation Over WNBA Sponsorship Deals
Las Vegas tourism chief, Steve Hill, faces scrutiny over potential WNBA rules violations in $100,000 sponsorship deals for Aces players. The investigation led by Steven Kobre seeks to determine if the agreements breached salary-cap regulations, with Hill asserting compliance with WNBA policies. Despite controversy, the CEO stands by the legitimacy of the sponsorship offers, emphasizing the commitment to players and their contributions to promotional activities.
Tourists outraged by high prices at beach bar in Mykonos
DK Oyster, a beach bar in Mykonos, Greece, is facing backlash for its exorbitant prices as the summer season begins. Customers have been shocked by the steep costs, with reports of a £40 drink and £7 ketchup. Reviews on TripAdvisor warn of pressure tactics and deception by the waitstaff. As the bar reopens, disgruntled customers are once again expressing concerns about the pricing strategies, urging others to avoid the establishment.
Sandals Resorts Celebrates World Oceans Day with Ocean Preservation Initiatives
Sandals Resorts International celebrates World Oceans Day with ocean preservation updates in the Caribbean, welcoming Aquanaut Fabien Cousteau and PROTEUS™ Scientists to Sandals Royal Curaçao. The initiative aims to drive innovation in the blue economy and inspire kids to be sustainability-minded through programs like Future Goals. Join the movement to protect our oceans!
Kayak Unveils Annual Summer Travel Trends Report for Canadians
Discover the latest summer travel trends for Canadians as revealed by Kayak’s annual report. Calgary and South America are emerging as top destinations, with a surge in domestic travel interest. Find out about affordable airfares to U.S. cities and the growing appeal of South America for Canadian travelers. Plan your summer vacation wisely with insights from Kayak to make the most of your travel plans.
European Tourism Rebounding Strongly in 2024
European tourism is on the rise in 2024, with foreign tourist arrivals and nights surpassing 2019 levels in the first quarter. Factors such as sporting events, high travel demand, and inflation are expected to drive tourist expenditure to record numbers. The recovery, though steady, varies across regions and source markets due to ongoing risks.
Top Tourism Source Markets for Greece in 2023
Germany, the UK, and Bulgaria were the top tourism source markets for Greece in 2023, with notable increases in visitor numbers. Crete, the South Aegean Region, and the North Aegean Region stood out for high spending per capita. Overall, Greece welcomed 36.13 million visitors, showing a significant 15.2% increase from 2022.
Greece’s Cruise Tourism Industry Booms in 2023
Greece’s cruise tourism industry saw a significant surge in 2023, with travel receipts reaching 908.4 million euros, marking an 84.1% growth from the previous year. The port of Piraeus emerged as a key player, contributing 47.8% of total cruise-related receipts. The impressive growth in cruise ship arrivals and overnight accommodations in key destinations like Santorini, Piraeus, and Mykonos showcases Greece’s appeal as a premier cruise destination.
Australians Eagerly Planning International Trips for 2024, Research Shows
Exciting news for travel enthusiasts as new research shows Australians are eagerly planning international leisure trips for 2024. With Europe as the top destination, 77% of Australians still intend to travel this year. Discounts and promotions are key for 60% of travelers, with guided tours gaining popularity. Financial concerns remain, but September emerges as the preferred month for travel. With significant savings on guided tours, Australians are gearing up to turn their travel dreams into reality.
Kyoto’s Public Transport Struggles with Record Tourist Numbers
Kyoto’s public transportation system is struggling to keep up with the record number of tourists flooding the ancient city, leading to overcrowded buses and frustrated residents. The surge in visitors has put immense strain on the infrastructure, prompting the new mayor to address the issue. With 32 million overnight guests in 2023, Kyoto’s unique layout and abundance of tourist destinations present a challenge unlike that of other cities facing over tourism.