NEW YORK (Reuters) -The buzzword from travel companies for 2024 is "normal." After the pandemic slammed the brakes on the tourism industry, and the subsequent years were the era of "revenge travel," hotel operators Hilton Worldwide and Marriott International and online travel agency Expedia expect demand to grow more slowly this year. They, along with other travel companies, are forecasting full-year 2024 profits short of the consensus from Wall Street analysts.
In recent weeks, I had the unique opportunity to delve into current dynamics in the world of hotel operations and investments through participation in panels at the Cayuga Hospitality Consultants annual meeting and the BizNow Hospitality Summit in Chicago. The two panels offered a timely glimpse into the intersecting paths of hotel investors and operators, highlighting key trends, concerns, and areas of mutual interest.
(VOVWORLD) - Airports have become busier as people are returning to their hometowns to celebrate the Lunar New Year (Tet). Tan Son Nhat International Airport in Ho Chi Minh City, Noi Bai Airport in Hanoi, and many other airports serve numbers of passengers two or three times higher than usual.