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Alan Watts - 2 Watts - 2 what's - 1 Hilton - 1 Anthony Capuano - 1
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3 mentions found


☆ Indian outbound travel will be ‘the story’ of the next decade, says Hilton executive
  + stars: | 2024-12-12 | by ( Monica Pitrelli | Https | Www.Linkedin.Com In Monicapitrelli | ) www.cnbc.com   time to read: +1 min
Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is "minuscule" compared with what's to come, Alan Watts, Hilton's Asia-Pacific president, told "Squawk Box Asia" Monday. "India outbound will be the story of the next decade." By 2034, Indian travelers' outbound spend is projected to more than double to $76.8 billion, according to the World Travel & Tourism Council's Economic Impact 2024 report — which would make the country the seventh-largest travel spenders in the world, up from 12th in 2023. "When you think of India, it has the characteristics of China, which is the second largest lodging market in the world," said Watts.
Persons: what's, Alan Watts, Watts Organizations: Tourism Council, Hilton's, Tourism Locations: Hilton's Asia, Pacific, India, China
☆ Travel is finally back — and an era of huge growth is upon us
  + stars: | 2024-12-10 | by ( Monica Pitrelli | Https | Www.Linkedin.Com In Monicapitrelli | ) www.cnbc.com   time to read: +3 min
During the first nine months of 2024, international arrivals worldwide reached 98% of pre-pandemic levels, compared to the same period in 2019, it said. The remaining 2% gap will close this month, according to the organization, marking a momentous shift in the industry into a new era of growth. Growth in the region during that timeframe was led by an increase of visitors to Qatar (+141%) and Saudi Arabia (+61%), it said. Epicenter of global growthInternational travel in Asia-Pacific may be lagging behind today, but it's expected to be the epicenter of global travel growth in the coming decades. 'Back with a vengeance'Global recovery has been thwarted by the slow return of two types of travelers: Chinese outbound travelers and business travelers.
Persons: Alan Watts, Hilton, Watts, Anthony Capuano Organizations: Council International Asia, Indonesia . Hospitality, Hilton's, Marriott International, Sheraton, CNBC Travel, Marriott Locations: U.N . Tourism, Qatar, Saudi Arabia, Africa, Europe, Americas, Asia, Pacific, Middle, China, India, Indonesia, Hilton's Asia, Vietnam, Japan, Southeast Asia
☆ Travel demand fuels a boom in Asia Pacific — in hotel rates
  + stars: | 2023-03-05 | by ( Monica Pitrelli | Chris Dwyer | ) www.cnbc.com   time to read: +5 min
Hotel rates are at an "all-time high," Alan Watts, Hilton's Asia-Pacific president, told "Squawk Box Asia" on Thursday. In parts of Asia Pacific, hotel rates are climbing even higher. Rates in Asia are skyrocketingThe travel boom in Asia Pacific has been "phenomenal," said Watts. Average hotel rates across Southeast Asia have gone up more than 10% since 2022, according to data from the travel booking company Traveloka. Ctrip, the leading travel booking website in China, also told CNBC that average hotel booking prices in Bangkok jumped by around 70% in late January.
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