Airbnb’s operations had a negative impact of USD 2.1 billion on the lodging industry and the broader economy of New York City over the course of the last year, according to a report released by the Hotel Association of New York City, an industry trade group that...
International tourist arrivals grew by 4.3% in the first eight months of 2015 according to the latest UNWTO World Tourism Barometer, fuelled by strong results in Europe and consolidating the trend of recent years. International tourists (overnight visitors) travelling...
The Millennial generation is a population of young adults who have more access to the world than ever before. These consumers between the age of 18 and 34 are not conforming to the digital and physical boundaries set around them instead they are breaking out and...
South Africa will make its new visa rules easier for visitors with children and those from India, China and Russia, after tourism numbers dropped this year. Industry leaders have said the new rules are costing around USD 540 million a year in lost revenue by making it...
Catering to South Africa’s middle-class “millennial” traveller — people aged 18-35 — requires awareness of the nuances of their lives, says Protea Hotels revenue, sales and marketing director Danny Bryer. South Africa’s population is “heavily...
Hostelworld, the Irish travel website said to be eyeing a EUR 340 million flotation, had a EUR 200 million deficit at the end of last year, its latest accounts show. Reports last week claimed that Hostelworld is exploring a possible dual stock market flotation in...
