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RevPAR and ADR is Recovering Across the World
CBRE research on 2023 Global Hotels Outlook reports that RevPAR has recovered and should grow in most regions this year. The recovery of RevPAR is driven by pent-up demand, lifting of travel restrictions in Asia, and group travel trends. This year, hotel market fundamentals are expected to return to pre-pandemic levels with the normalization of […]
23 New Islands Up for Grabs! Massive Expansion Plan On the Way
The Maldivian government has recently announced 23 islands across 16 atolls to be developed as tourist facilities. This is part of the government’s efforts in initiating tourism development projects in the North and South of the country, closely in line with the government’s strategic action plan to deliver 35,000 new tourism beds by 2023. As […]
Lily Hotels & Resorts appoints Michael Wieser as chief executive officer
Michael Wieser has been appointed chief executive officer of Lily Hotels and Resorts Pvt Ltd – owner and operator of Lily Beach Resort & Spa and Dhonakulhi Investments Pvt Ltd.