The Hotel and Travel Week #6

Monday, 23rd November

The World Tourism Organization UNWTO publishes the latest Tourism Barometer which suggests that the lowest point of the financial crisis may be over. The organization monitors short term tourism trends on a regular basis 3 times a year in January, June and October. They say, tourism has been seriously hit by the recession, although coping better than other industries. International tourist arrivals declined by 7% between January and July 2009. The data in October however show a smaller decline of only 3% compared to last year. This is been seen as an indication that tourism is picking up again. Tourism Barometer
Tuesday, 24th November
IHG starts an online marketing campaign on Twitter inviting consumers to follow their Deals Twitter account. Followers have the chance to win prizes, including a 7-night stay at any IHG hotel in the world. The Tweet Away campaign starts on 1st December and runs until the end of 2009.
Wednesday, 25th November
Another hotel giant announces that they will start an online promotion on the 30th November. Starwood will kick-off their Cyber Monday Sale on that day which will only run for 3 days. Special rates at 50 of the world’s best resorts in premium destinations like the Bahamas, Bora Bora, Puerto Rico and Tahiti are on offer. Get a sneak preview.
Thursday, 26th November

Hotels in the United Arab Emirates see the sharpest decline in occupancy in October compared to the same month last year, according to a new report by STR Global. RevPar (Revenue per available room) plummets by just over 30% to USD194,5. The occupancy rate drops by 10% to 74,4%. The heavy decline is said to be caused by falling demand, but in the case of Dubai also by increasing supply. This comes along news of Dubai World, the Emirate’s state-owned property developer, possibly defaulting on its debt. Maybe some destinations haven’t hit the bottom line, yet?

Friday, 27th November
The number of WTM (World Travel Market) attendees in London earlier this month has dropped by approximately 8% compared to last year. Here are the figures.

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