Aligned with historical trends for the market, Madrid’s hotel industry reported higher performance from the month prior, according to preliminary February 2023 data from STR ..read more

Turtle Bay Resort has been accepted into Virtuoso®’s exclusive portfolio of luxury travel partners, comprising over 2,300 preferred suppliers in 100 countries. According to Robert Marusi, Chief Commercial Officer of Turtle Bay, inclusion in Virtuoso will present new sales and marketing opportunities to the network’s more than 21,000 luxury travel advisors and their highly desirable clientele. Virtuoso agencies worldwide sell an average of (U.S.) $28–$32 billion annually, making the network the most significant player in luxury travel ..read more

Sydney WorldPride 2023 drove the market’s hotel average daily rate (ADR) and revenue per available room (RevPAR) above pre-pandemic levels, while occupancy remained slightly below 2019, according to preliminary data from STR ..read more

Helped by the onset of spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 March ..read more

Le Méridien Hotels & Resorts, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, unveils Le Méridien Melbourne, marking the brand’s debut to Australia. Located on a prime location overlooking Parliament House, Spring Street, and the east of Melbourne, the hotel invites travellers to savour the moment and connect with Melbourne’s famed art, culture, and culinary scene through the brand’s timeless perspective on modern travel ..read more

UNWTO has concluded a three-day workshop focused on helping Member States from across Asia and the Pacific better measure and manage their tourism sectors. Recognizing the importance of regional cooperation as destinations across Asia and the Pacific re-open to tourism, UNWTO organized the workshop alongside the Ministry of Culture, Tourism and Civil Aviation of Nepal ..read more

A new report from GBTA and Spotnana reveals travel manager sentiment on post-pandemic recovery, changing priorities, economic risks, and balancing cost savings and the traveler experience ..read more

The Lux Collective’s beloved LUX* South Ari Atoll welcomed extraordinary guests for this year’s Women’s Day celebrated on the 8th of March ..read more

Visitors spent an additional £673 million across Britain as a result of activity by national tourism agency VisitBritain/VisitEngland, the latest figures show. The agency reported the figures, which cover its activity from April 2021 to June 2022, as it was set to bring industry leaders together at its annual review event on 22 March, highlighting its plans to support the industry and grow the visitor economy ..read more

PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged acquisition financing for the Courtyard by Marriott Austin – University Area located in Austin, Texas. The $20.75M non-recourse acquisition loan with a flexible floating rate priced over SOFR was provided by a portfolio lender to cover 73% of the overall total project costs ..read more