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. Global construction pipeline hits record high
According to Lodging Econometrics, the total global construction pipeline hit record highs at the close of 2018, with 13,573 projects (7% increase) and 6% increase in rooms YOY. Additionally, there are a record breaking 1,172,591 rooms currently under construction worldwide. The top countries by project count are the US, followed closely by China.
2. China travellers spend most on outbound travel
Chinese tourists are spending over a quarter of a trillion dollars on outbound travel, according to a new study by travel insurance provider Get Going. The nation is followed by the US, who have upped annual tourism spending by 9% to over US$135bn. Germany secured third spot, spending just under US$90bn last year.
3. UK hotel investment rises 102% above 12-year average
Investment in the UK hotels industry hit £7.4bn in 2018, a £1.7bn increase YOY showing a rise of 29%, and 102% above the 12-year average, according to research by Knight Frank. The significant growth is said to be due to a 50% increase in international investment, with overseas buyers responsible for £4.9bn.
4. Women account for 70% of hotel bookings made by Chinese travellers
A growing proportion of travel consumers in China are now women, according to a Ctrip.com report. Whether for solo, couples, friends or family travel, the report noted that 70% of hotel bookings are made by Chinese women. Additionally, 75% of women travellers book four- or five-star hotels for family vacations and make up 57% of all solo travellers.
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Nicola Donovan is a travel writer for Click.More by Nicola Donovan
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