global tourism
How Many Tourists Is Too Many?
JLL Real Views | April 10, 2019
The hospitality industry, benefiting from surging tourism worldwide, is scrambling to keep up with demand while remaining aware of the potential pitfalls from the deluge of tourists. According to the World Travel & Tourism Council, tourism and travel spending grew 3.9 percent in 2018, compared to global economic growth of 3.2 percent. The sector generated US$8.8 trillion in revenue in 2018 and accounted for 10.4 percent of global economic activity. "Budget airlines, new technology promoting destinations, and a greater disposable income among a rising global middle class in countries like China and India have led to a travel boom," s...
Epelboim Development Group to Develop New 259 Suite Tru by Hilton Hotel in Orlando, Florida
the author | May 16, 2018
MIAMI--Epelboim Development Group has secured a construction loan totaling $21.5 million from BridgeInvest for the development of an eight-story, 259 suite Tru by Hilton hotel in Orlando Florida. Designed as the largest Tru by Hilton in the U.S. to date, the Orlando property will be located on Westbrook Boulevard, conveniently across the Orange County Convention Center with easy access to major Orlando attractions. As a game-changer in the midscale segment, the Tru by Hilton brand is differentiated by its affordability, attention to the guest experience and vibrant, high-energy environments. The modern guest rooms are designed to maximi...
World Travel & Tourism Council Warns U.S. Administration “Closing Borders Risks Jobs”
WTTC | February 15, 2017
WTTC CEO and President David Scowsill said a return to post-9/11 travel policies could have a chilling impact on the U.S. travel and tourism sector. LAS VEGAS, Feb. 15, 2017 - "The United States is in danger of taking the same path it took after the 9/11 terror attacks, which led to a decade of economic stagnation in the travel and tourism sector," were the powerful warning words from David Scowsill, President and CEO of the World Travel & Tourism Council (WTTC), while speaking at the Routes Americas aviation conference in Las Vegas today (14 February). Taking to the stage at the event's Strategy Summit, Scowsill warne...
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