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Category: Finance and Development


Finance and Development, Real Estate

U.S. Hotel Construction Activity for June Highest Since February 2023

July 18, 2024

Via: Hotel News Resource

The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. U.S. Hotel Pipeline June 2024 (percentage change from June 2023) In construction: 157,713 rooms (+5.5%) Final Planning: 266,619 rooms (+9.8%) […]


Finance and Development, Trends

Hotel Room Selling Techniques: How Hotels Are Rethinking Hotel Rooms & By Heather Apse

July 16, 2024

Via: Hotel News Resource

Hotel managers like you are constantly seeking innovative ways to maximize revenue and attract more guests, especially in the lucrative group and event sales market. By reimagining spaces and amenities, hotels are discovering new selling techniques that not only fill […]


Finance and Development, Markets

Sydney June Hotel Performance Lifted by Vivid Drone Show and Sydney Film Festival

July 10, 2024

Via: Hotel News Resource

The ‘Love Is In The Air’ Vivid Drone Show and the 71st Sydney Film Festival lifted June hotel performance in the market, according to preliminary data from CoStar. June 2024 (year-over-year % change): Occupancy: 72.6% (+1.0%) Average daily rate (ADR): […]


Finance and Development, Trends

European Travel Trends: Travelling Summer 2024 & Time for Transformation

July 10, 2024

Via: Hotel News Resource

In Germany Demand for holidays is more robust and lively than it has been for a long time. Booking figures are back to pre-corona levels in many places, and even higher in some areas. Neither higher end prices nor international […]


Finance and Development, Financial

Sotherly Hotels Inc. Refinances DoubleTree by Hilton Jacksonville Riverfront Hotel in Jacksonville, FL

July 9, 2024

Via: Hotel News Resource

Sotherly Hotels Inc. (NASDAQ: SOHO) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel in Jacksonville, FL. The loan, which carries a floating interest rate based […]


Finance and Development, Trends

How to Conduct a Displacement Analysis for Your Hotel

July 8, 2024

Via: Hotel News Resource

The old saying “a bird in the hand is worth two in a bush” is a valuable lesson for us all. It simply means you should stick with the modest prize you’ve already secured instead of chasing what you might […]


Finance and Development, Trends

2024 Hotel Distribution Study: Digital Trends in Accommodation: Hotels, Booking.com and DMA

July 3, 2024

Via: Hotel News Resource

Today, HOTREC released its 2024 Hotel Distribution Study which examines recent developments and trends in the European accommodation sector, and uncovers the way consumers book hotel rooms. The main findings confirm the need for proper implementation of the Digital Markets […]


Finance and Development, Trends

New Marriott Report Reveals Changing Face of Luxury Travel in Asia Pacific

July 1, 2024

Via: Hotel News Resource

As the Asia Pacific region continues to be the growth engine for luxury travel, a new comprehensive report from the Luxury Group by Marriott International has identified new expectations and travel preferences among high-net-worth (HNW) travelers in Asia Pacific. Across […]


Finance and Development, Financial

Understanding How to Set Seasonal Pricing to Maximize Hotel Revenue

June 26, 2024

Via: Hotel News Resource

So much in revenue management is governed by supply and demand. And in fixed-capacity scenarios like those of the hospitality industry, demand is all-important. This much is obvious, as is the fact that demand fluctuates seasonally: operate a ski lodge […]


Finance and Development, Financial

Travel Technology Investment Analysis Shows Shifts in Funding, Opportunities for Innovation

June 20, 2024

Via: Hotel News Resource

According to Phocuswright’s report The State of Travel Funding 2023, there has been a cooling in the last couple of years. Data has shown travel funding totaled $4.6 billion in 2023, a drop from $12 billion in 2022. And 2024 is off to […]


Finance and Development, Trends

Web Design Trends for Hospitality in 2024

June 18, 2024

Via: Hotel News Resource

With the addition of Curated Hybrid Sites added to Vizergy’s website template options, we want to shed some light on useful design trends and how to utilize them to get your customers excited and convert! Never Forget Your Story — What […]


Finance and Development, Markets

Global Travel and Tourism Deals Drop 10.9%; PE Deals and European Markets Shine During January&May 2024

June 17, 2024

Via: Hotel News Resource

Travel and tourism sector witnessed 10.9% year-on-year (YoY) decline in the number of deals (mergers and acquisitions (M&A), private equity (PE) and venture financing) announced globally during January-May 2024. Despite this downturn, PE deals showed improvement, and European markets showed […]


Finance and Development, Trends

2024 American Travel Survey: Generational Trends, Economic Concerns and Impact of AI

June 14, 2024

Via: Hotel News Resource

Washington State University’s Carson College of Business released a new report with insights into Americans’ upcoming travel plans, including motivations, budgeting habits and considerations surrounding sustainability and AI. One of the top findings in the report reveals nearly all members of Gen […]


Finance and Development, Markets

U.S. Hotel Performance for Week Ending June 8th

June 13, 2024

Via: Hotel News Resource

The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through 8 June. 2-8 June 2024 (percentage change from comparable week in 2023): Occupancy: 69.1% (-0.1%) Average daily […]


Finance and Development, Markets

STR Reports Tokyo Hotel Rates Reached a New Peak in May

June 12, 2024

Via: Hotel News Resource

Tokyo’s hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR) in May, according to preliminary data from CoStar. May 2024 (year-over-year % change): Occupancy: 78.4% (+4.2%) ADR: JPY 37,671.27 (+44.0%) RevPAR: JPY 29,529.07 (+50.0%) According […]


Finance and Development, Trends

Reputation Pricing: Using Your Hotel's Reputation to Increase Rates

June 11, 2024

Via: Hotel News Resource

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. When travelers booked a hotel room, they had no way of knowing the […]


Finance and Development, Markets

STR Weekly Insights on Global Hotel Industry Performance: 26 May & 1 June 2024

June 10, 2024

Via: Hotel News Resource

Highlights Low RevPAR growth Upper Upscale hotels did best Storms impacted performance across Texas Madrid enjoyed a Taylor Swift boost Modest Memorial Day week performance U.S. hotel performance over the week of Memorial Day (ending 1 June 2024) showed a […]


Finance and Development, Trends

2024 Was a Record&Breaking Year for Travel & Tourism in Saudi Arabia

June 10, 2024

Via: Hotel News Resource

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed a record-breaking year for Travel & Tourism in Saudi Arabia, with new records in GDP contribution, sector jobs and visitor spend. Saudi Arabia’s Travel & Tourism […]


Finance and Development, Trends

U.S. Employment in Leisure and Hospitality Continued to Trend Up in May

June 7, 2024

Via: Hotel News Resource

Leisure and Hospitality Sector Employment in leisure and hospitality continued to trend up in May (+42,000), similar to the average monthly gain over the prior 12 months (+35,000). Employment in food services and drinking places continued to trend up over […]


Finance and Development, Markets

U.S. Business Travel Industry Responsible for Almost 2% of U.S. GDP and 3.5% of Employment in Latest Full&Year Figures

June 6, 2024

Via: Hotel News Resource

The Global Business Travel Association (GBTA) today unveiled a new study, the “GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy,” which quantifies the significant economic impact of traveling for work in the U.S. The […]