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. Chinese travellers to drive growth in adventure travel market
China is expected to become a global driving force within the adventure travel sector, according to findings of the ITB China Travel Trends Report. According to the results from 300 Chinese outbound travel agents, over 52% think Chinese travellers are willing to spend more than US$1,490 on each adventure trip. The three aspects that Chinese travellers care for in adventure travel are safety (30%), local activities (26%) and scenery (17%).
2. Caribbean hotels gaining momentum
According to STR, the Caribbean hotel industry is seeing continued momentum so far in 2019. The region’s hotel occupancy increase 1.2% in February to 74.4%, the third consecutive month of positive YOY occupancy growth – the first time that’s happened since the beginning of 2015. Additionally, daily rates are up by 7.1% and RevPAR increased 8%.
3. Lima hotel supply on the rise
Lima’s hotel supply has increased 6.1% as the market prepares for the Pan American Games this summer, according to data from STR. The rise in supply is cited as having contributed to the decrease in occupancy (-9.6%) during February 2019 when compared to the same month last year. Slow demand (-4.1%) was also a factor in the lower performance.
4. Tourism employs one in 10 people in the global economy
Figures provided by FEBC International show that from 2009 to 2018 US hospitality sector job openings grew from 353,000 to 1,139,000. Additionally, the report revealed that from 2009 to 2017 US hotel gross bookings increased from US$116bn to US$185bn, and that tourism now employs roughly one in 10 people in the global economy.
Don’t forget you can access weekly travel insights and expertise with Click. Bytes
Nicola Donovan is a travel writer for Click.More by Nicola Donovan
Popular around Click.
Evolution of online payments
Podcast: #4 – Talking cancellations
Insider tips on boosting your review score
Travel trends: what 2017 taught us
What I wish I knew: lessons in holiday rentals
Adapt or die: surviving in the era of digital Darwinism
Five travel trends that will shape customer experience in 2018