Loading...
You have Successfully logged In !
Already have an account? Login
By clicking Register you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Don't have an account?Register
Enter your E-mail address below, We will send the verification code
Please enter the code send to
Didn't receive the email?Click to resend
Your password has been successfully reset!.
Please login again to access your account.
An OTP has been sent to
Enter the 4-digit code
By Nithyakala Neelakandan
Published on July 18, 2024
As the 2024 Summer Olympics in Paris approaches, the hospitality sector is experiencing a significant surge in demand for accommodations. Both Sojern and Amadeus have provided valuable insights into the trends and data surrounding this increased interest, highlighting the global excitement for the event and its impact on travel and lodging.
Airbnb has reported an astonishing 400% increase in bookings for the Paris region during the upcoming Summer Olympic and Paralympic Games. This surge reflects the heightened global interest in the event, with travelers from over 160 countries and regions already securing their stays in and around Paris. Additionally, the number of active Airbnb listings in the Paris region has grown by 40% as of March 31, significantly boosting the availability of accommodations for guests.
According to Amadeus’ Demand360+® business intelligence data, hotel occupancy rates in France are seeing notable increases. For the week of July 28, 2024, hotel occupancy rates are up 86% compared to the same week last year, and up 88% for the first week of August. In Paris, hotels are nearing full capacity with an occupancy rate of 81% for the week of July 28 and 76% for the week of August 4. These figures indicate that travelers planning last-minute trips may face challenges in securing accommodations.
The rise in accommodation demand is not limited to Paris. Lille, which will host basketball and handball events, is experiencing a dramatic increase in bookings. Visitor numbers to Lille are set to more than quadruple, with overall bookings up by 203% compared to last summer. This includes a 300% increase in domestic travelers and a 181% rise in international visitors.
Marseille and Bordeaux, hosting sailing and football events, respectively, are also seeing significant spikes in bookings. Both cities report a 38% increase in bookings, indicating that travelers are eager to explore beyond the capital city.
While international travelers flock to Paris, many Parisians are choosing to escape the city during the Olympics. Hotel bookings by Parisians traveling to other parts of France are up 49% during the Olympic season compared to 2023. Popular destinations for these staycations include Lille, Nice, Corsica, Lyon, and Toulouse. This trend offers hoteliers in these regions an opportunity to attract local tourists and capitalize on the increased demand.
Despite the surge in demand, the average daily rate (ADR) for hotels in Paris is down 13% at $724 USD, and down 7% at $616 USD for the rest of France, compared to an earlier analysis on April 1, 2024. This decline in ADR suggests that travelers might still find reasonably priced accommodations if they book early.
The 2024 Summer Olympics are not only bringing a global audience to Paris but also driving travel and accommodation demand across the country. Whether through traditional hotels or alternative accommodations like Airbnb, visitors are eager to be part of this historic event, as evident from the reports.
Image credits: iStock, Unsplash, olympics.com
Kamats Legacy Launches Navratri Special Menu
Kamats Legacy, celebrated for its authentic Indian vegetaria...
Hashmato Joins Romeo Bravo Software to Accelerate Global Exp...
Hashmato, a leading provider of end-to-end restaurant and re...
Paro: A Modern Indian Bar Redefining Jaipur’s Nightlife
In the heart of Jaipur’s historic MI Road district, Paro has...
Mumbai Airport Records 6.3 Million DigiYatra Users, Boosts D...
Chhatrapati Shivaji Maharaj International Airport (CSMIA) ha...
By Manu Vardhan Kannan
Published on September 14, 2025
Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.
Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.
Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.
With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.
Published on August 18, 2025
Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.
ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.
Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.
Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,
"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."
ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.
Published on August 10, 2025
Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.
Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.
Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.
Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!
Subscribe to Hospitality news e-magazine for free and never miss an issue.
By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Advertise With Us
We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.
A platform dedicated to showcase the skills and creativity of hospitality professionals. Share your articles, videos and other content related to the industry and get recognized for your unique perspective and expertise. By posting your content and gaining likes from your own community, we'll categorize your talents and expose them to the hospitality world. Join our community of passionate hospitality professionals and let your talent shine!.
Already have an account?Login
By clicking you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Subscribe for ₹2,000 and receive our monthly magazine for one year (12 months) from the coming month and save 2 months cost.