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U.S. Hotel Performance for Week Ending April 20th

April 25, 2024

U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 20 April. 14-20 April 2024 (percentage change from comparable week in 2023): Occupancy: 66.8% (-0.3%) Average daily rate (ADR): US$158.60 (+1.5%) Revenue per available […]


Global Travel and Tourism Sector Deal Activity Fell by 14.9% YoY in Q1 2024, According to GlobalData

April 18, 2024

Travel and tourism sector witnessed the announcement of 165 deals* globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according […]


Travel and Tourism Industry Unites to Tackle Climate Change

April 9, 2024

Category: News

Association representatives from the European travel and tourism sector (business and leisure) met in Rhodes, Greece, to sign a landmark declaration promising decisive action towards more sustainable travel and tourism. The joint declaration will serve as a roadmap to foster […]


Finance and Development, Trends

Transforming Employee Engagement in the Hospitality Industry

April 9, 2024

Via: Hotel News Resource

In the hospitality industry, traditional metrics like revenue performance and guest satisfaction have long been the go-to indicators for assessing a hotel’s business health. However, as businesses increasingly acknowledge the vital role of talent in achieving success, talent retention has […]