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Travel & Tourism Set to Add a Record QAR 81BN to Qatar's Economy

May 8, 2024 | hotelnewsresource.com | Mandy Murry |How Airbnb |Cindy Heo

The World Travel & Tourism Council's (WTTC) 2024 Economic Impact Research (EIR) has revealed the Qatari Travel & Tourism sector reached new heights last year, with GDP contribution, jobs and domestic traveller spend all surpassing previous peaks. Last year, the Travel & Tourism’s GDP contribution grew by 31% to reach a record-breaking QAR 81.2BN, representing 10.3% of Qatar’s total economic output, demonstrating the sector’s importance to the national economy.
Portugal's Travel & Tourism Industry Poised for Historic Year

May 8, 2024 | hotelnewsresource.com | Mandy Murry |How Airbnb |Cindy Heo

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Portugal's Travel & Tourism sector is on the brink of a historic year, with its economic contribution expected to exceed €54 billion. The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Portugal's Travel & Tourism sector is on the brink of a historic year, with its economic contribution expected to exceed €54 billion.
Holiday Inn Express & Suites Houston Northwest Tomball Area in Tomball, TX Listed for Sale

May 7, 2024 | hotelnewsresource.com | How Airbnb |Cindy Heo |Mandeep S Lamba |Dipti Mohan

Holiday Inn Express & Suites Houston Northwest Tomball Area HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 72-key Holiday Inn Express & Suites Houston Northwest Tomball Area, a limited-service hotel asset in Tomball, Texas, which is part of the Houston-The Woodlands-Sugar Land MSA. Absentee-Owned Asset The absentee-owned hotel operates with a full staff.
How Airbnb and short-term rentals reshape rural and urban communities

May 3, 2024 | hospitalitynet.org | Cindy Heo |How Airbnb

In less than two decades, short-term rentals have thoroughly transformed the hospitality industry, wresting 15% market share from hotels. From a feel-good pioneer of the sharing economy to a $100bn behemoth, Airbed and Breakfast, better known as Airbnb, has revolutionized hospitality from its beginnings in 2007 — creating a whole new market in the process. But what happens to a community when Airbnb comes to town?