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. Travellers want loyalty programmes with instant perks
A new study from the University of Eastern Finland has revealed that many travellers are members of multiple loyalty programmes, and the role of each is often insignificant when deciding on a hotel. Additionally, the report found that travellers tend to use loyalty programmes mostly when it’s convenient and when they offer instant perks and rewards.
2. Best Western acquires WorldHotels
Best Western Hotels & Resorts has bought over global hotel brand WorldHotels, representing a collection of 300 hotels and resorts across the world. The acquisition was completed last week, but the financial terms of the deal weren’t disclosed.
3. Rise in Cork hotels could lead to oversupply
According to the Irish Hotels Federation, the 1,500 new hotel rooms planned for Cork could result in an oversupply, with the Cork branch of the industry group saying it was “concerned” there would be too many bedrooms if construction of the Cork events centre doesn’t start soon. Additionally, the report revealed that more than €11.5m was spent on renovations and improvements to hotels in the region in 2018, with most hotels spending between €50,000 and €2.5m.
4. Chinese New Year sales growth slows
Spending reached a record US$149bn during the Lunar New Year holiday, according to the Ministry of Commerce. But despite a 8.5% rise compared to last year, it is the slowest increase since 2011. Weaker growth, the trade war with the US and a crackdown on debt are all said to have undercut momentum in 2018.
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Nicola Donovan is a travel writer for Click.More by Nicola Donovan
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