News to Know

Business-Leisure Travel, Long-Stay Services Next Growth Opportunity for Hoteliers
(SOURCE: BUSINESS TIMES)

Hotel owners and operators are investing in new facilities as they hope to take advantage of shifts in travel behaviour that are bringing new opportunities.

“As the boundaries between work, life, and travel become more blurred, traditional hotel brands and investors are urged to diversify their product offerings into non-traditional hotel verticals,” said real estate consultancy JLL. These include branded residential spaces, short-term rentals, co-living arrangements, private membership clubs and other niche markets.

Industry Spotlight

GBTA Voices Support to U.S. Congress to Advance Travel Facilitation and Flight Education

GBTA continues to advocate for business travel, travelers and the industry. Recently, GBTA joined with like-minded travel industry and related groups as signatories on two letters sent to the U.S. Congress. The first letter here expresses GBTA’s support for additional funding for new U.S. Customs Border Protection (CBP) agents to help ease travel facilitation activities at ports-of-entry. The second letter here shows GBTA’s support of the bipartisan Flight Education Access Act focused on increasing federal student loan aid available for accredited flight education and pilot training programs.

For more on GBTA’s ongoing efforts in Government Affairs and Advocacy, visit our web page.

GBTA WINiT
Seeking GBTA WINiT Mentors to Inspire Industry Leaders

Application Deadline: January 12

Becoming a GBTA WINiT Mentor is a great way to give back to our community and make a difference in the lives of individuals in business travel. Join other seasoned professionals in sharing your knowledge, experience and wisdom with talented professionals from around the world to help them navigate their careers. Apply by January 12, 2024.

Resources

Crisis24 Intelligence Brief

Australia - Flood-related disruptions ongoing across eastern Far North Queensland, Australia, Dec. 17. Cairns Airport closed.

France - Unionized air traffic controllers to strike at facilities across France Dec. 18. Air travel disruptions certain; reconfim flights.

Middle East/North Africa - Shipping companies halt Red Sea transits Dec. 15 following attacks against vessels; further attacks likely through early January.

Myanmar - Explosions occurred in several locations of Yangon, Myanmar, Dec. 15-16. Further incidents possible.

More Information