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Category: Financial


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, 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, Financial, Travel

U.S. Travel Agencies Air Ticket Sales Total $9.1 Billion in April 2024

May 16, 2024

Via: Hotel News Resource

Today, Airlines Reporting Corp. (ARC) released data showing April air ticket sales totaled $9.1 billion for U.S. travel agencies – a 4% increase from April 2023. This marks the largest recorded total for April since ARC began reporting this data […]


Finance and Development, Financial, Trends

8 Ways That Hoteliers Can Increase Compliance and Reduce Annual Spend

May 1, 2024

Via: Hotel News Resource

A Smarter Way to Save Sourcing goods and services effectively is at the epicenter of day-to-day functions in hospitality firms and accommodations. The careful and systematic procedure of procurement not only ensures smooth operations but also reflects our commitment to […]


Finance and Development, Financial

Hospitality Financial Leadership – The Top 10 Cash Controls

April 18, 2024

Via: Hotel News Resource

Cash is King. That’s an old expression but it’s also one that still rings true today. Everyone likes cash even if we don’t carry so much with us personally anymore. It’s important to recognize that some people will help themselves […]


Finance and Development, Financial

Streamlining Success: The Crucial Role of Hotel Finance System Integration in 2024 & By Jill Wilder

April 10, 2024

Via: Hotel News Resource

As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently. From guest experience enhancement to the digitization […]


Finance and Development, Financial

Hotel Investment in the Alps Heats Up

March 28, 2024

Via: Hotel News Resource

The Savoie and Haute-Savoie regions alone have seen hotel transaction volumes double over the past two years, breaking records with more than €800 million ($875 million) of hotel deals closed, JLL data shows. “Due to the warming climate, and limited […]


Finance and Development, Financial

UKHospitality Says Spring Budget Contains Very Little for Hospitality Businesses

March 7, 2024

Via: Hotel News Resource

Kate Nicholls, Chief Executive of UKHospitality, said: “The Chancellor missed a real opportunity today to show that he backs hospitality and understands the real pain they are enduring. “He had a chance to accelerate and unlock hospitality, but instead he […]


Finance and Development, Financial

Colliers Q4 2023 Canadian Hotel Investment Report

February 2, 2024

Via: Hotel News Resource

Canadian hotel investment activity totalled approximately $320 million in the fourth quarter, pushing the year-end total to over $1.65 billion based on Colliers Hotels’ preliminary sales data. Investment activity remained resilient year-over-year with established and new entrants to the sector […]


Finance and Development, Financial

U.S. Hotel Stocks Down 2.4% in October

November 10, 2023

Via: Hotel News Resource

he Baird/STR Hotel Stock Index decreased 2.4% in October to a level of 5,600. “Hotel stocks fell for the third consecutive month in October, and performance directionally tracked the broader indices,” said Michael Bellisario, senior hotel research analyst and director […]


Finance and Development, Financial

The Travel Industry Is One Step Closer to the End of Junk Fees – Travel Market Report

October 18, 2023

Via: Entrepreneur

You may recall that I have written two previous articles about the possibility that the federal government would join a few states in prohibiting so-called “junk fees,” defined essentially as mandatory charges added late in the buying process as a, […]


Finance and Development, Financial

U.S. Hotel Stocks Down 2.0% for September

October 9, 2023

Via: Hotel News Resource

The Baird/STR Hotel Stock Index dropped 2.0% in September to a level of 5,739. “Hotel stocks were down again in September, but they outperformed their relative benchmarks,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Both the […]


Finance and Development, Financial

Travel and Tourism Sector Deal Activity Down by 38.8% YoY in H1 2023

July 13, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Financial

Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

May 19, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Financial

Hotel Companies Raise 2023 Revenue Expectations – CoStar

May 16, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Financial

Summit Hotel Properties Reports First Quarter 2023 Results

May 4, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Financial

Selina Hospitality PLC Reports Fiscal 2022 Financial Results

May 1, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Financial

H World Group Limited Announces Preliminary Results for Hotel Operations in the First Quarter of 2023

April 25, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Financial

NexPoint Hospitality Trust Announces Fiscal Year 2022 Improving Financial Results and Update on Sale of DoubleTree Portfolio

April 5, 2023

Via: Hotel News Resource

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 […]