Category: Financial

July 13, 2023

A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals […]

May 19, 2023

Before we dive in the strategies it is important to understand what Hotel Room Pricing is and how Hotel Reveneue Management plays a part in deciding your hotel room price. What is Hotel room pricing? Hotel room pricing refers to […]

May 16, 2023

A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections. Here are some of the highlights from quarterly earnings calls highlighting the source of […]

May 4, 2023

Summit Hotel Properties, Inc. (NYSE: INN), yesterday announced results for the first quarter ended March 31, 2023. “We are pleased with our first quarter operating results as average daily rate in our pro forma portfolio reached the highest level in […]

May 1, 2023

Selina Hospitality PLC (NASDAQ: SLNA) announced today its financial results for the full-year ended December 31, 2022. Rafael Museri, Co-Founder and CEO, stated: “2022 has been a very important year in Selina’s history. We completed our listing on NASDAQ in […]

April 25, 2023

H World Group Limited (NASDAQ: HTHT and HKEX: 1179) today announced preliminary results for hotel operations in the first quarter ended March 31, 2023. Business update For our Legacy-Huazhu business, our RevPAR in Q1 2023 recovered to 118% of the […]

April 5, 2023

NexPoint Hospitality Trust, (TSX-V: NHT.U) announced the release of NHT’s financial results for the three and twelve months ended December 31, 2022. All amounts are expressed in U.S. dollars. The table below presents net income from continuing operations, Funds from […]

March 2, 2023

A majority of Lodging Industry Investment Council members said they expect full-year lodging real estate transactions in 2023 to exceed the volume in 2022. In a survey conducted at a private roundtable of members, 67% said they believe transactions will […]

December 28, 2022

GreenTree Hospitality Group Ltd. (NYSE: GHG), a leading hospitality management group in China, yesterday announced its unaudited financial results for the first half of 2022. First Half 2022 Operational Highlights A total of 4,669 hotels with 332,073 hotel rooms were […]

December 22, 2022

First, let’s get the rhinoceros in the room out in the open. The reason why most commentaries are pretty useless is they just regurgitate numbers. The same numbers that you should be able to see in your financials are bantered […]

December 19, 2022

According to data in the latest UKHospitality Tracker, provided by CGA, turnover in the year up to the end of September 2022 was up 1.3% at £135 billion, compared to 2019. This is the first time a full-year figure is […]

December 6, 2022

Preparing a five-year financial plan for your hotel might sound daunting, but it is all in your head. Let’s lay it out. You are either dreaming about a business that does not exist yet and you need a plan, or […]

November 4, 2022

Annual changes in U.S. hotel utility costs and in the Consumer Price Index (CPI), or inflation, have historically proven to be strongly correlated. As of August 2022, CBRE is forecasting CPI growth to be 7.7 percent in 2022, followed by […]

November 2, 2022

A new joint-report from ABTA and UKinbound outlines the value of international travel to the UK economy in terms of supporting jobs, economic contributions and taxes paid to HM Treasury. The report, International Travel: Powering the UK economy, looks at […]

October 18, 2022

The hotel industry is highly complex in nature and is extremely sensitive to economic and market dynamics. Just as the industry was emerging from the pandemic’s shadow, new challenges have emerged, including rising input costs and other inflationary pressures, a […]

September 16, 2022

Inflation is a major concern for Floridians, with many saying the higher cost of living has greatly affected their finances and forced them to change summer travel plans, according to the latest statewide survey from the Florida Atlantic University Business […]

August 29, 2022

A total of 8,176 hotels or 773,898 hotel rooms in operation as of June 30, 2022. Hotel turnover1 decreased 10.3% year-over-year to RMB11.8 billion in the second quarter of 2022. Excluding Steigenberger Hotels AG and its subsidiaries (“DH”, or “Legacy-DH”), […]

August 25, 2022

Like a lot of companies, hotel brands are starting to look for ways to add non-fungible tokens (NFTs) into their existing marketing strategy and on-site operations, including working with cryptocurrency companies to turn bookings into NFTs. Despite the current slowdown […]

August 18, 2022

The Baird/STR Hotel Stock Index jumped 14.3% in July to a level of 5,158. Year to date through the first seven months of 2022, the stock index decreased 10.4%. “Hotel stocks rebounded sharply and outperformed their respective benchmarks in July; […]

June 20, 2022

As travel returns to pre-pandemic levels in many EMEA markets, Radisson Hotel Group has launched new strategic revenue targets to capitalize on the increase in demand and adapt to consumers’ new booking patterns in the post-pandemic period. The Group’s revenue […]