Saudi Arabia’s Public Investment Fund has acquired a significant minority stake in Rocco Forte Hotels, the luxury hotel operator said Monday.
16.11.2023 - 02:31 / skift.com / Patricia Yates / Dawit Habtemariam / Chris Thompson
Britain won’t see a full recovery in Chinese tourism next year – it won’t be until 2025 when Chinese tourists return to their pre-pandemic levels, VisitBritain CEO Patricia Yates told the UK Parliament’s Culture, Media and Sport Committee on Tuesday.
“We’re looking to 2025,” said Yates. “We know it’s going to be a slow build back.”
Before the pandemic, Chinese nationals were the second-highest spenders in the UK behind American tourists.
This year, flight bookings from China are down 50%. Yates attributed it to the UK not being approved by the Chinese government for outbound group travel until August.
The U.S. is also seeing a slow recovery in Chinese tourism. Before the pandemic, Chinese tourists spent more in the U.S. than any other market segment, said Brand USA CEO and President Chris Thompson.
VisitBritain forecasts 30.9 billion pounds in tourism spending, up 9% from 2019. It expects about 37.5 million tourist visits this year, down 8% from 2019. Tourists are tending to stay longer and spend more, said Yates.
America was Britain’s biggest tourist spend market. One out of every five pounds in tourist spending is by an American, said Yates.
For the rest of the year, VisitBritain will add Australia as a focus for its marketing. Australia is making a good post-pandemic recovery, said Yates.
Yates told parliament VisitBritain will lean heavily on films to promote tourism. Film drives tourists to lesser known area areas they normally would not have visited.
“Britain’s a real success story in the films and the filming that is done here,” said Yates. “We have a positive story to tell.”
VisitBritain is currently developing a marketing campaign in 2024 that will promote locations used in movies and TVs. One of them will be Bristol, where the Charlie and Chocolate Factory prequel Wonka was filmed.
The UK’s hospitality industry is having a steady recovery, but volume remains down and profitability remains a struggle, UKHospitality CEO Kate Nicholls told the committee.
The industry grew 4% and earned 139 billion pounds in revenue, its pre-pandemic level. Business costs including energy, labor and food prices are up double digits. At the same time, businesses have kept their price increases to10% on average.
Loan repayments are eating away at profits. Businesses operated at loss and took out large loans to get through two years of lockdowns. “What we’ve got is a long economic Covid hitting the sector with high levels of covid-related debt,” said Nicholls.
One in five businesses are breaking even and one in five are operating at a loss, said Nicholls.
Canada’s tourism sector is also suffering from post-pandemic high debt levels.
Saudi Arabia’s Public Investment Fund has acquired a significant minority stake in Rocco Forte Hotels, the luxury hotel operator said Monday.
Alaska Air Group CEO Ben Minicucci gave an eerily familiar line when asked about his view on U.S. government approval of the carrier’s proposed $1.9 billion merger with Hawaiian Airlines.
In Britain, the Sunday roast is sacrosanct. Gathering together around a beautifully cooked joint of meat, with lashings of gravy, vegetables and billowing Yorkshire puddings, is, for many, the weekend’s social highlight. And where better to do to this than the pub? Not only do you avoid the washing-up but, centuries after the French dubbed Brits les rosbifs, you get to enjoy the roast at its most modern. In recent decades, Britain’s best pub chefs have, by focusing on seasonal ingredients, rare-breed meats and painstaking preparations of roast potatoes or root vegetables, brought a fresh glamour to this Sunday afternoon ritual.
When it comes to journey time from the UK to Portugal, the choice between hopping on a plane or taking the train is a no-brainer.
At the beginning of each year, Skift launches its annual Megatrends, forecasting the top trends that will define the travel industry for the year ahead. See last year’s predictions here.
Amsterdam’s “Stay Away“ campaign hasn’t discouraged reckless tourists, according to a letter on Tuesday from the Mayor to the city council.
They drink differently in London than we do here in New York. For one thing, pubs open—and close—a lot earlier. For another, expect to buy a round for your friends at a pub, and count on them to buy you a drink in return. (All of which may explain why they drive on the wrong side of the road.)
Since its inception, Alpine’s vision has been and continues to be, to ensure students gain the specific skills, professional attitude, updated knowledge and practical experiences in the hospitality industry that employers want and need, now and in the future.
Malaysia will grant visa-free entry to citizens of China and India for stays of up to 30 days starting on Dec. 1, according to Prime Minister Anwar Ibrahim.
For people with a travel bug, the months between spring 2021 and October 2023 posed an unprecedented opportunity.
Only 8% of U.S. tourism boards strongly prioritize addressing climate change and reducing greenhouse gas emissions to zero. In contrast, 62% of European tourism boards and 29% of Canadian tourism boards have made it a top priority. That’s according to Sojern’s “State of Destination Marketing 2024.”
The U.S. and China will improve air connectivity and streamline visa processing, said Chinese President Xi Jinping in public remarks on Wednesday. Xi made the remarks at a dinner hosted by the National Committee on U.S.-China Relations and US-China Business Council.