October 6, 2022 | 1:06 pmMADRID — Hotel prices will keep increasing in 2023 in most of the key cities for business events worldwide as demand for in-person meetings after pandemic disruptions grows, though at a slower pace due to a worsening economic outlook, American Express Global Business Travel said in its annual forecast.
“While hotels can continue to benefit in 2023 from pent up demand for in-person meetings and events, the global economic outlook is unlikely to allow them to achieve rate rises on the same scale as seen in 2022”, the report added. New York should see hotel prices increase by 8.2% in 2023, driven by demand for in-person meetings and sustained by resilient leisure demand, it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
#RealtyRealitiesOnTNC #TheNEWChannel | S4:E46 ‘CHECKING-IN on the local hotel industry’ - BusinessMirrorWith 'revenge tourism' on, is it a good time to consider hotel development? Or do the lurking Covid cases, still affect hotel occupancies. Let's get the answers from Ramon Vinzon, Chief Operating Officer of Dreamland Ventures Property Management Corp., operator of hotels, Cocoon and Hive in Quezon City, and insights from former DOT Undersecretary, now
Source: BusinessMirror - 🏆 19. / 59 Read more »
SM Prime named Most Outstanding Real Estate Company in PHL by Asiamoney - BusinessMirrorSM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, was named the Most Outstanding Real Estate Company in the Philippines by the international financial publication, Asiamoney. SM Prime president Mr. Jeffrey Lim received the Company’s latest recognition during Asiamoney Awards’ gala night at Shangri-La Hotel in Singapore last September
Source: BusinessMirror - 🏆 19. / 59 Read more »