Asia Pacific hotel transaction volume for 2016 projected at USD 8.5 billion

2015 marked the second highest year on record for hotel transactions, with an enormous 50 per cent growth on the previous year, JLL Hotels and Hospitality Group has said.

Online reviews more important to travellers than hotel’s star category, research finds

User-generated online content is more likely to convince millenial travellers to book a hotel than its star category.

Luxury hotels market is expected to reach USD 195.27 billion by 2021

Transparency Market Research (TMR) has published a new market report that concludes that the global luxury hotels market is anticipated to reach USD 195.27 billion by 2021.