Tag: business

September 29, 2023

SiteMinder, the world’s leading open hotel commerce platform, has released the 2023 edition of the world’s largest consumer research on accommodation, which reveals that 91% of travellers intend to travel at least the same amount as they did over the […]

September 5, 2023

Pricing Power Lags 2019 While Labor Costs Increase A presentation on inflation’s effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face […]

August 22, 2023

Travel insiders have long wondered when, or how, Amazon might flex its online muscle to follow other retail giants and non-travel brands into the sector. Yet such speculation misses the fact of the company’s growing behind-the-scenes role in travel, mostly […]

August 21, 2023

The U.S. hotel industry reported mixed performance results month over month, according to July 2023 from CoStar. July 2023 (percentage change from July 2022): Occupancy: 69.1% (-0.5%) Average daily rate (ADR): US$160.31 (+1.3%) Revenue per available room (RevPAR): US$110.80 (+0.8%) […]

August 15, 2023

When leaders come together to tackle the biggest challenges in the hospitality meetings industry. something magic happens. A collective of facilitated table discussions sponsored by Maritz and labeled as Provocateur Circles provided a safe and comfortable arena to conduct open […]

August 11, 2023

“There were a few things that were revolutionary in terms of virtual events during the pandemic, first of all because we couldn’t go anywhere. We had no choice,” says Bob Vaez, founder and CEO of event software platform EventMobi, speaking […]

August 1, 2023

Is the business world still Zooming from home? Has corporate travel spending made a full recovery from the pandemic? Are carbon budgets replacing financial budgets? Accor’s Masters of Travel advisory board meeting brought industry leaders from technology, law, energy, engineering, […]

July 12, 2023

Hong Kong’s Far East Consortium is moving to sell two of Australia’s most prestigious hotels – The Ritz-Carlton, Melbourne and The Ritz-Carlton, Perth – amid strong demand for trophy luxury hotel investment opportunities in Australia. CBRE Hotels’ Michael Simpson, Tom […]

July 6, 2023

Two panels, What Owners Want and Investor Outlook on the State of the Industry, at HD Expo + Conference 2023 highlighted the challenges affecting hospitality today. From money constraints to slowing supply growth and high interest rates, no topic was […]

June 28, 2023

The global commerce landscape is amid massive disruption from political, technological, social, and economic perspectives and it all promises to impact the payment landscape in the coming years. Some like inflation and supply chain issues pose substantial challenges while others […]

May 18, 2023

U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May. 7-13 May 2023 (percentage change from comparable week in 2022): Occupancy: 65.1% (-2.0%) Average daily rate (ADR): US$154.90 (+3.4%) Revenue per available room (RevPAR): […]

May 9, 2023

A niche B2B portal, Travepic is go-to source for all the business travel needs. With access to a vast database of hotels worldwide, one can easily search and compare rates to find the best deal for their budget. “We are […]

April 27, 2023

It’s 3 p.m. on a Monday at Homewood Suites by Hilton Largo Washington DC, arguably one of the busiest times for this hotel’s lobby. A guest, having checked in on Sunday, would like to inquire about dinner reservations. They approach […]

April 24, 2023

Bootstrapping is a statistical metric that uses random sample replacements. That definition is not for me, so bootstrapping also has a broader slang meaning that most people get. It means you are stuck or at least unable to take big […]

April 21, 2023

In celebration of Earth Day tomorrow, we are taking a moment to acknowledge some environmentally friendly projects and products that help make the world a better place now and in the future. These 11 new eco-minded products caught the attention […]

April 19, 2023

As far as unique experiences go, Las Vegas has a surplus. After walking out of the hotel lobby, it doesn’t take long to run into something you’ll find interesting. Beyond the endless entertainment and insanely vast guest room selection along […]

April 18, 2023

Yum Brands has exited the Russian market with the completion of the sale of its KFC business to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Audrey Eduardovich Oskolkov, the company said Monday. Both U.S. and […]

April 18, 2023

April 20th is known as the informal national cannabis celebration day, yet it is no longer a day only celebrated by fringe society. With cannabis gaining momentum in state legislations and shedding its stigma to be more visible in mainstream […]

April 14, 2023

Marriott Marquis San Diego Marina, located in the heart of downtown on the San Diego Bay, has announced the completion of its multi-million dollar renovation project. Designed by Boston-based Parker Torres Design, the reinvention emphasizes the hotel’s bayside location with […]

April 6, 2023

The shuttering of regional U.S. field offices appears to be related to the chain’s Accelerating the Arches 2.0 initiative, which includes restructuring to increase McDonald’s efficiency. That program has necessitated job cuts, ahead of which McDonald’s sent home its corporate […]