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Shaun Rein, managing director of the China Market Research Group, says geopolitical rigidity and China’s property disaster have plunged client confidence in the country to the lowest degree he’s seen. Johanna Chua, Managing Director and Head of Asia Pacific Economic and Market Analysis at Citigroup, says the US Federal Reserve seems Business News to have changed its call on rates of interest following its September assembly. The national provider will give travellers more time to make use of credit for flights grounded during the pandemic. For More Information You can visit: Business Blog News Aird points out that the RBA’s…
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Hilton Taps HotelKey for Property Management Tech at All Its Hotels

Hilton is outsourcing its property management system to the tech company HotelKey, replacing legacy systems at all 7,000 of the hotels under its brand. There are now 1,200 Hilton hotels using the HotelKey system, and about 50 are being added each week. The plan is that all hotels will use the cloud-based system by 2026. For the past few decades, Hilton’s hotels and resorts have been using an on-premise system developed in-house called OnQ. The customized tech provided by HotelKey, which primarily includes the property management system and corresponding training software on the same platform, is being called Property Engagement…
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Sixty hospitality venues join Ponsonby festival month –

Ponsonby’s month long restaurant festival, Eat, Drink, Love Ponsonby, is back for another year and is bursting with the flavors of a culinary melting pot of cuisines, from Bangkok to Bali, Mexico to Malaysia, India to Italy–and beyond. Taking place from 4-28 May along the length of Ponsonby Road, the popular festival is in its fourth year and is once again highlighting specific food and beverage offers for every appetite and budget. Bird On A Wire. A record 60 establishments are taking part this year, including bars, cocktail bars, casual restaurants, food court eateries, cafes, gourmet burger bars, hole in…
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Sarin Group unviels Thordon Quay apartment hotel –

New Zealand-owned family business Sarin Hotels has opened a 72-room apartment hotel on Thorndon Quay – the eponymously named Proximity Apartments, located near Sky Stadium and The Beehive. The project has been four years in the making, with delays caused by Covid-19. The new 9-storey building is owned by Wellington property developer Craig Stewart and is his first hotel development. As the third hotel operated by Sarin in the Wellington area, and its eighth throughout New Zealand, the 4.5-star Proximity Apartments join the Sarin-managed DoubleTree by Hilton Wellington and The Sebel Lower Hutt, which opens in May/June. The group also…
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10 Cheap Yet Highly Rated Tokyo Hotels To Enjoy Luxury Without Breaking The Bank

Tokyo, Japan’s bustling capital city, has a unique blend of modern and traditional elements that make it an exciting place to explore. Despite being one of Asia’s most expensive travel destinations, travelers who want to spend days in Tokyo trying new things can do so while staying at Tokyo’s cheap yet highly-rated hotels. Like capsule hotels, which are unique and budget-friendly, these affordable resorts allow vacationers to enjoy luxury without breaking the bank. Have a look at the top 10. Our recommended options, which are based on extensive research, have a rating of 8.0 and above. Despite being affordable, these…
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The Best New Affordable Hotels in the World: 2023 Hot List

This hipster-hotel titan has spent two decades establishing itself as a shortcut to a city’s pulse. Its first iteration in the Southern Hemisphere, located in Sydney’s city center in the cool-kid neighborhood of Surry Hills, doesn’t disappoint. The Ace, 18 stories high with 257 rooms, is located in a magnificent early-20th-century building that vibrates with top-to-toe creative energy. Revived by Australia’s most in-demand interior architects, Flack Studio, the former brick factory has kept its old bones—high ceilings and exposed brick and concrete walls—offset with one-of-a-kind furniture, art, and bric-a- brac by the country’s best designers, artists, and makers. The deeply…
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Nest western: UK’s vulnerable kittiwakes flock to bird hotels | Global development

Cconstructed from galvanized steel and plywood, the latest hotel to open in Lowestoft, Suffolk, boasts a sea view and promises plenty of privacy. Which should suit the guests that flock to the prime seaside spot: black-legged kittiwakes looking for a place to nest. The kittiwake hotel opened in March, offering artificial nesting sites for the seabirds. Like albatrosses, kittiwakes spend most of their lives at sea, but traditionally nest on cliff ledges between March and July. Experts say that artificial nesting sites could support the kittiwakes as they face increasingly unpredictable weather because of climate change, limited prey due to…
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Luxury Hotel Market Growing From USD ~88 Bn in 2022 to USD ~274 Bn by 2032

Published Via 11Press: By 2022, the global luxury hotel market size was USD 188.92 billion and projected to reach a value of USD 274.32 billion by 2032, growing at an annual compound growth rate (CAGR) of 3.8% during this forecast period. The luxury hotel market consists of high-end hotels and resorts that provide superior services and amenities to guests. This sector is driven by rising demand for luxurious travel as well as rising disposable income among middle-class individuals in emerging economies. The Asia Pacific region is expected to experience the fastest growth in luxury hotel demand over the forecast period.…
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