Based on new data from JLL, Asia Pacific hotel investment volumes declined by 51% year-on-year in the first half of 2023 as macroeconomic challenges and the rising cost of debt influenced capital deployment.
With summer vacation season winding down in August, the national average for a gallon of gas awoke from a months-long slumber, surging 13 cents in the last week of July to $3.71, says AAA.
Based on AAA projects, over 50.7 million Americans will travel 50 miles or more from home this Independence Day weekend, setting a new record for the holiday.
According to international hotel consultant HVS, Israel's domestic tourism market has been its saviour, with growth last year in excess of pre-pandemic levels, while international visitation is set to continue to improve leaving the country's hotel sector showing 'great promise', according to our latest report.
Based on new travel projections by AAA, 42.3 million Americans will travel 50 miles or more from home this Memorial Day weekend, a 7% increase over 2022. This year, 2.7 million more people will travel for the unofficial start of summer compared to last year, a sign of what's to come in the months ahead.
Posted on May 01, 2023
Posted on October 13, 2022