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Your Industry News Update
Your Industry News Update 04.10.19
October 4, 2019

Welcome to your bi-weekly industry round up featuring all the latest industry news and trends from around the world.

We were thrilled to see that, following our recent RCI Ventures market report, things continue to look bright for Turkey, with confirmation from WTTC that the market is once again attracting millions to its shores. 

And in one of our latest news stories on RCIVentures.comRuby Hotels is set to open its first UK hotel in London in January 2020, with a firm emphasis on luxury. Naturally, as with any hotel or resort development quality is key, especially when it comes to room cleanliness. A study commissioned by P&G Professional highlighted the importance of cleanliness in the hotel industry, and the findings make for an eye-opening read.

Perhaps of no surprise is the announcement that tourism is Spain's largest contributor to the economy, contributing €176bn to the nation’s economy in 2018, so it seems we could learn a thing or two from these destination heavyweights in travel.

Elsewhere in the news, it continues to prove a positive outlook for travel and tourism across the globe:

Bollywood movie puts Lapland in the spotlight – Lapland tourism is set to get a major boost by being the location for the most anticipated Bollywood movie of the year.

Travel & Tourism sector drives economy in Italy - New research has revealed that Travel & Tourism is the driving force behind Italy’s economy, despite the government’s budget deficit, growing 3.2% in 2018, ahead of the overall economy growth rate of 0.9%.

Pestana issues hotel industry’s first ‘green bonds’ - Portuguese multinational hotelier Grupo Pestana has become the first hotel group in the world to issue ‘green bonds’, in accordance with the International Capital Markets Association (ICMA).

UNWTO commits to more sustainable tourism - The 23rd Session of the General Assembly of the World Tourism Organization (UNWTO) has drawn to a close with 117 countries reaffirming their commitment to making global tourism more sustainable, more inclusive and more ethical.

Tivoli Hotels to open first property in China - Leading Portuguese hospitality brand Tivoli Hotels & Resorts has announced plans to diversify its portfolio by moving into the Chinese market in Chengdu, the capital of Sichuan Province.