Results for: Tourism

Marriott International, Inc. has reported its first quarter 2024 financial outcomes. The company saw a global increase in comparable systemwide constant dollar Revenue Per Available Room (RevPAR) of 4.2%, with international markets experiencing a particularly strong 11.1% growth. Adjusted diluted EPS rose to $2.13 from $2.09 in the same period last year. During the quarter, Marriott welcomed approximately 46,000 net rooms, including around 37,000 rooms under its agreement with MGM Resorts International. The company has a global development pipeline of over 3,400 properties and nearly 547,000 rooms. Financial highlights for the quarter include a 7% increase in base management and franchise fees, a 10% surge in co-brand credit card fees, and a 4% rise in incentive management fees. Marriott repurchased 4.8 million shares of common stock for $1.2 billion during the quarter, and as of April 26, has returned $1.7 billion to shareholders through dividends and share repurchases. The company raised its full year earnings guidance and expects to return between $4.2 billion and $4.4 billion to shareholders in 2024.

Merrimac Ventures and Fort Partners proudly announce the launch of sales for Four Seasons Hotel and Private Residences Telluride, a partnership that promises an unmatched blend of luxury and hospitality in the heart of Telluride, Colorado. Nestled within the coveted Mountain Village ski area, this project features 28 private residences and 40 hotel residences designed by renowned architecture and design firms Olson Kundig and Clements Design. With panoramic views of Colorado’s iconic peaks and direct access to the gondola, this development sets a new bar for residential and hospitality experiences in North American ski resorts.

Held in Macao from April 26-28, 2024, the 12th Macao International Travel (Industry) Expo (MITE) concluded successfully, aligning with the city’s ‘1 + 4’ development strategy to enhance tourism integration. The three-day event featured seven key highlights, showcasing Macao’s role as a global tourism hub and facilitating professional exchange and exploration. With over 37,000 attendees, 1,353 booths, and 668 exhibitors from 54 countries, MITE provided a platform for international stakeholders to connect, network, and explore the latest tourism trends and opportunities.

The 13th annual International Jazz Day culminated in a thrilling All-Star Global Concert at the newly inaugurated Palace of Arts and Culture in Tangier, Morocco. Hosted by renowned actor Jeremy Irons, the concert featured a stellar lineup of distinguished artists from across the globe, including master Gnawa musician Abdellah El Gourd, jazz legend Herbie Hancock, and many more. The concert showcased the power of jazz to unite cultures and promote peace and cultural dialogue.

A horrific sword attack in East London on Tuesday resulted in the tragic death of a 13-year-old boy and injuries to four others, including two police officers and two civilians. The suspect, a 36-year-old man, was apprehended by police, and authorities have ruled out terrorism as a motive. Emergency services, including fire, rescue teams, and ambulances, responded swiftly to the scene. The investigation is ongoing, and no further suspects are believed to be at large.

The Spanish Tourist Office has successfully held the inaugural meeting of its advisory panel for the ‘Spain for All’ initiative, which is dedicated to improving accessibility in tourism. The panel, led by accessibility consultant Angus Drummond, included travel industry experts, accessibility advocates, and individuals from the disabled community. Together, they discussed challenges and opportunities in accessible tourism and emphasized proactive solutions.

easyJet’s Pilot Training Program is paving the way for aspiring individuals to soar in the skies. With an ambitious goal to recruit 1,000 new pilots by 2028, the program offers a unique opportunity for those with little to no flight experience to become co-pilots within two years. Through inclusive recruitment efforts, easyJet aims to bridge gaps in the aviation industry and increase the representation of female pilots.

Switzerland Tourism has unveiled a new brand identity titled ‘Switzerland’, replacing the iconic ‘Goldflower’ campaign. The fresh branding encapsulates Switzerland’s enduring commitments to nature, hospitality, and dependability, and aims to support travelers from the planning phase to the actual journey. The letter ‘T’ in the new brand is cleverly replaced by a Swiss cross, reimagined in a palette of five red hues to symbolize modernity, diversity, and autonomy. The ‘Switzerland’ brand will guide and assure all hospitality providers within Switzerland and is set to be rolled out globally, influencing both current and future tourism interactions.

Raffles Udaipur, known for its luxurious hospitality, has welcomed Kartik R. Bhat as its Director of Talent and Culture. With over two decades of experience in Human Resources within the hospitality industry, Kartik brings a wealth of knowledge and strategic insight to his new position.

This case study analyzes the implementation and significance of subscription-based travel platforms within the travel and tourism sector. It examines various applications across multiple sectors such as airlines, hotels, and Online Travel Agencies (OTAs), and evaluates the challenges and opportunities these platforms encounter. The report includes key highlights on the impact and potential of subscription models in the travel industry.