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Kate Harden-England

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  • 2 min

Capella Hotel Group leads implements…

💸 Capella Hotel Group now accepts Digital Payment Tokens (DPTs) at Capella Singapore and Patina Maldives, Fari Islands. Partnering with dtcpay, licensed by the Monetary Authority of Singapore, they offer secure transactions free from price volatility. Payments are facilitated via QR codes or secure links, accepting WUSD, USDT, USDC, BTC, and ETH. The initiative targets over 560 million global digital currency owners, enhancing convenience and operational efficiency for international guests.
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UK STR sector grows 16 times faster than…

🏡 In the UK, short-term rental businesses have seen a 90.7% increase from 3,780 in 2013 to 7,219 in 2023, growing 16 times faster than hotels, which only grew by 5.6% (from 12,385 to 13,080) over the same period. UK campgrounds also witnessed a 35% rise, from 2,495 in 2013 to 3,375 in 2023. Out of 382 UK local authorities, 260 experienced growth in STRs, with an average of 13.2 new businesses per region, significantly outpacing hotels, which saw growth in just 154 regions, averaging 4.6 new operators.
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Expedia Group reveals ‘mass-affluent’ Asian…

📍 Expedia Group's study, conducted with Atomik Research, surveyed 4,000 Asian respondents from China, India, Indonesia, Singapore, and Vietnam, revealing preferences of the mass-affluent middle class, projected to be 3.5 billion by 2030. Mass-affluent travellers plan to spend 23% of their income on travel, with 81% prioritizing it despite inflation. On average, they plan four destinations over ten days for international trips, with Indian travellers aiming for 14-day trips. 72% use platforms like Expedia for bookings with 83% having a travel brand’s app installed. Luxury travel is in demand with 93% seeking premium experiences, including airline upgrades (44%), accommodation upgrades (42%), and booking 4- or 5-star hotels (52%). Loyalty programs are popular, with 86% enrolled in one. Cultural understanding concerns exist, with 49% worried about local practices and 34% willing to pay for language support in hotels.
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