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Marriott opens new Ritz Carlton in Manhattan as NYC tourism roars back

The Ritz-Carlton in the NoMad neighborhood of New York City. Seema Mody | CNBC Marriott next week will open a swanky new Ritz Carlton hotel in Manhattan, marking a bet on the surge in luxury travel and the hopeful return of business travelers this fall. “It’s got 10,000 square feet of meeting space, a 7,000-square-foot […]

By : ILIAS ELABDI Date : July 20, 2022 Category : Travel News & Insights Comments :
Vacation rentals across Middle East look to capitalize on ‘revenge tourism’

Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different […]

By : ILIAS ELABDI Date : April 25, 2022 Category : Travel News & Insights Comments :
central bank governor on inflation, tourism recovery

Inflation in Thailand will largely be “contained” because the price pressures in the country are not as broad-based compared to some developed markets, said the governor of Bank of Thailand. Sethaput Suthiwartnarueput said overall inflation rate will remain within the central bank’s target range of between 1% and 3%. Even though inflation for January came in at […]

By : ILIAS ELABDI Date : February 14, 2022 Category : Travel News & Insights Comments :
Omicron setback is a buying opportunity for tourism stocks, investor says

The dip in travel stocks following the emergence of a new Covid-19 variant is a temporary “setback” that presents some attractive buying opportunities within the sector, according to investor SpringOwl Asset Management. Travel and tourism stocks were hammered after the World Health Organization classified omicron a “variant of concern.” Several countries also moved to reimpose […]

By : ILIAS ELABDI Date : December 5, 2021 Category : Travel News & Insights Comments :
Trip.com, AirAsia and Oyo on tourism recovery from Covid

Ramping up vaccination rates for Covid-19 will help boost the recovery in the travel and tourism industry, a panel of experts told CNBC. Vaccination is the only comprehensive way to fight the impact of the coronavirus, Ritesh Agarwal, CEO and founder of Indian budget hotel chain start-up Oyo, told Nancy Hungerford during the virtual CNBC […]

By : ILIAS ELABDI Date : June 17, 2021 Category : Travel News & Insights Comments :
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