The short&term rental (STR) sector has undergone significant changes due to the pandemic, with increased competition, stringent scrutiny, and diverse financial goals among small hosts. The industry faces challenges in cost management, saturation, and regulation, which are affecting its growth and sustainability.
The issue of overtourism has become a significant concern in the travel industry. Popular destinations worldwide are consistently burdened with crowds of visitors, leading to environmental and social issues. In the face of this dilemma, travel companies, governments, and tourists have a shared responsibility to combat this problem.
Accor, in partnership with Beijing Tianheng Group, has announced the signing of a deal to open a new Swissôtel hotel in Chengdu, China. The hotel, Swissôtel Chengdu Beihu Lake, is slated to open in 2026.
The hotel occupancy rate in Metro Manila increased in 2024 due to strong demand from both leisure and corporate guests, and room rates are projected to rise further in 2025.
The introduction of US tariffs on goods from China, Canada, and Mexico is posing challenges for the hotel industry, potentially impacting profit margins.
A recent study by the Institute of Tourism HES&SO Valais&Wallis (ITO) highlights the evolution of digital practices within Swiss tourism organizations, emphasizing the growing importance of social media, data management, and artificial intelligence (AI).
For the week ending 15 March 2025, the U.S. hotel industry saw a 4.2% year&on&year decline in revenue per available room (RevPAR) due to decreased occupancy and conference shifts. In contrast, the global hotel industry, excluding the U.S., witnessed a RevPAR gain of 3.3% due to a strong average daily rate (ADR).
Booking.com's collaboration with OpenAI has resulted in the development of the AI Trip Planner, a tool designed to personalize travel at scale and enhance destination discovery and travel planning.