South Korea's hotel market has seen significant growth over the past two years, with substantial increases in Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and occupancy rates. Key drivers of this growth include strong domestic and international demand, the Korean cultural wave (Hallyu), and medical tourism.South Korea has solidified its position as one of the leading hotel markets in the Asia-Pacific region, driven by robust domestic and international demand over the past two years.The country's impressive performance metrics highlight its resilience and potential for sustained growth in the hospitality sector.
Create: May 29, 2024 Edit: May 29, 2024 International NewsDubai has introduced a new long-term visa called the Dubai Gaming Visa to attract game developers, content creators, and professional gamers from around the world. This visa is part of Dubai's strategy to grow its gaming sector, an initiative launched by the Crown Prince of Dubai.introducing this program last fall, the goal is to position Dubai among the top 10 global cities in the gaming industry within the next ten years.Russia and India to Discuss Visa-Free Travel Agreement
Create: May 29, 2024 Edit: May 29, 2024 International NewsNew York, boasting the world's busiest airport system and ranking first in international arrivals to the United States, hosted 61.8 million tourists in 2023.This figure represents a 93% return to the record-breaking visitor levels of 2019, with expectations that it will reach 64.5 million by the end of the year. These statistics indicate a robust revival of New York's tourism industry following the downturn caused by the COVID-19 pandemic.
Create: May 29, 2024 Edit: May 29, 2024 International NewsEmirates Airlines, the aviation and travel services giant, has announced impressive achievements and record-breaking profits in its 2023-2024 annual report. In the fiscal year ending March 31, 2024, the company achieved a record profit of $5.1 billion, a 71% increase compared to the previous year. The group's revenue also reached $37.4 billion, a 15% increase from the previous year. Emirates Airlines, one of the world's largest airline and travel service companies, includes Emirates Airline, dnata, Emirates SkyCargo, and other subsidiaries By providing high-quality services to customers and expanding its global operations, the group is continuously progressing and developing.
Create: May 22, 2024 Edit: May 22, 2024 International NewsEchor Hotels & Resorts has announced the addition of a new hotel, "The Zion," to its portfolio. This new hotel in Shimla comes after a comprehensive five-year search for the perfect location, underscoring Echor's dedication to providing the most luxurious and serene accommodations in the picturesque Himalayan foothills. With its unparalleled amenities and unique geographic location, this hotel will offer guests an unforgettable experience of tranquility and natural splendor. This initiative aligns with Echor's strategy to expand its brand and strengthen its presence in scenic and touristic regions.
Create: May 22, 2024 Edit: May 22, 2024 International NewsDutch airline Corendon Airlines will transport three million passengers to popular tourist destinations in Europe this summer. Corendon, which operates direct flights to over 20 airports in Germany, its main market, currently offers flights to tourist and ethnic destinations in Turkey, Spain, Greece, Morocco, and Egypt. In the first quarter of 2024, Corendon saw a 14% increase in passenger numbers compared to the previous year. Strong demand in March led to a 25% increase in passengers.Corendon Airlines continues to expand its network of destinations and flight schedules, offering direct flights from 20 airports in Germany.
Create: May 22, 2024 Edit: May 22, 2024 International NewsSingapore Airlines, due to achieving a new revenue record in the past fiscal year, will pay its employees eight months' extra salary and special bonuses. The airline, known for its lucrative business, intends to reward its employees for their efforts in this success by granting them additional pay. In the fiscal year 2023-2024, the airline had nearly two billion dollars in revenue, which is 24% higher than the previous year.
Create: May 22, 2024 Edit: May 22, 2024 International NewsGermany, as one of Turkey's significant tourism markets, is witnessing a substantial increase in demand for traveling to this country. Consequently, German airlines such as SunExpress, Corendon, Condor, and Turkish national carrier are expanding their flight routes and aircraft fleets to Turkey in the coming years. According to a report from the German Travel Agencies Association, Turkey, which hosted 6.2 million German tourists last year, continues to experience a significant influx of these tourists this summer season. As a result, travel agencies are increasing hotel capacities, and airlines are expanding their flights to Turkey. Given the rising demand from German tourists, Turkish hotels are also increasing their capacity.
Create: May 3, 2024 Edit: May 3, 2024 International NewsMaldives, the renownes archipelago famous for its dreamy beaches and luxurious resorts, has announced a remarkable surge in tourist arrivals this year. This new record has placed the country on track to achieve the ambitious goal of 2 million .visitors in 2024 The number of inbound tourists to Maldives in 2023 saw a 20 percent increase compared to the previous year
Create: May 3, 2024 Edit: May 3, 2024 International NewsMinor Hotels, a leading hotel group in Asia, unveiled two new hotels under the Anantara brand in the first quarter of the current year in the United Arab Emirates.These two new hotels are exemplary showcases of the group's ability to create distinctive hotel products with unique identities, even within one country and under a single brand.The opening of these two new hotels demonstrates Minor Hotels' commitment to expanding the Anantara brand in the Middle East. Currently, the hotel group operates 13 Anantara hotels in the region and plans to open fifty more hotels in the next three years.
Create: Apr 24, 2024 Edit: Apr 24, 2024 International NewsRiyadh Air, the emerging Saudi Arabian airline, is celebrating its first anniversary with significant achievements both domestically in Saudi Arabia and on the international stage. In its inaugural year, the airline has signed significant agreements and established strategic collaborations with key partners worldwide. Riyadh Air, equipped with advanced technologies and innovative services, is poised to commence its flight operations in 2025.
Create: Apr 17, 2024 Edit: Apr 17, 2024 International NewsAs part of its five-year strategy, the Radisson Hotel Group is pursuing expansion efforts in Morocco, on the brink of the 2030 FIFA World Cup. The Radisson Hotel Group aims to open 25 new hotels in Morocco by 2030, with a particular focus on expanding its presence in Casablanca and Marrakech.
Create: Apr 17, 2024 Edit: Apr 17, 2024 International News