A Deeper Look at Oktoberfest in the Context of Overtourism: sustaining the mega festival’s economic engine while shrinking its social and environmental footprint

Millions of visitors pack Munich’s Theresienwiese festival grounds each year during Oktoberfest, bringing both economic boom and logistical challenges. Key takeaways: Biggest upside is economic, not volume growth. Oktoberfest injects €1B+ into Munich’s economy, supports ~12–13k seasonal jobs, and boosts brand equity across Bavaria. 2025 demand is record-high but manageable. Expect ~90%+ hotel occupancy and… Read the full news article

Preferred Hotels & Resorts Outperforms Competitors and Drives Cost Savings, Reveals New Performance Report

(IN SHORT) On Independent Hotel Day, Preferred Hotels & Resorts revealed a U.S. Performance Report conducted by HVS, showcasing the strong performance of its 92 affiliated hotels in North America from 2021 to 2023. The report highlights how Preferred-affiliated properties outperformed their competitors in RevPAR penetration across primary, secondary, tertiary, and resort markets. Resort hotels… Read the full news article