Each day, we curate a bite-sized round-up of the best industry news from across the world. We search the web for the latest hospitality updates and travel trends, so you don’t have to. Get comfortable with a coffee and tuck in to our daily must-reads
1. UK staycations on the rise in 2019
Staycations are steadily on the rise, with deals site Wowcher revealing a 48% increase in customers buying UK city breaks. Bath was crowned the top trend destination for getaways, with Brits also rushing to book a trip to Birmingham. Scotland is another hit, with Glasgow and Edinburgh both securing spots in the top five rising destinations in the UK.
2. Tourism figures hit record high in Ireland
Ireland is celebrating a record-breaking year for visitor numbers, with figures from the Central Statistics Office revealing more than 10.6 million travellers visited the country in 2018 – an increase on the last record of 9.93 million arrivals in 2017.
3. Hotel lenders more cautious in the short term
According to the sixth annual Hotel Lender Survey, hotel lenders are more cautious in their short-term outlook and believe that asset valuations are at or near peak – with independent and luxury products considered to carry the most financing risk. Despite less optimism in hotel values, more than 70% of those surveyed expect the overall hotel lending volume over the next 12 months to remain consistent with 2018 levels.
4. Caesars Entertainment announces plans for first non-gaming hotel
Caesars Entertainment Corporation has announced plans to open Caesars Republic Scottsdale, its first non-gaming hotel in the US. The casino-entertainment company is launching the hotel as part of its plan to expand the brand and loyalty network through its licensing strategy.
5. Hilton highlights growth as 100th year nears
Hilton has highlighted its growth in 2018, announcing a fourth consecutive year of record-breaking growth. The chain opened one hotel per day last year, reaching 5,600+ hotels in 113 countries and territories, with 166 million guests welcomed worldwide.
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Nicola Donovan is a travel writer for Click.More by Nicola Donovan
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