Tag: hospitality

April 24, 2024

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% […]

April 23, 2024

If your hotel uses in-house software to manage procurement, leadership may be reluctant to adopt a cloud-based solution – especially if an on-premise system has served you well for many years. This mindset is likely to put your hotel behind […]

April 22, 2024

2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse. Revenue per available room (RevPAR) rose 5.8% driven by nearly equal gains in occupancy and average daily rate (ADR). However, the growth was not […]

April 22, 2024

The leading players of Travel & Tourism globally have published a landmark joint report setting out their joint plan to help halt and reverse biodiversity loss. Launched on Earth Day 2024, “Nature Positive Travel & Tourism in Action” is the […]

April 19, 2024

Trailborn—a new hospitality brand rooted in and inspired by the great American outdoors—will launch its second property this July. Set to debut in downtown Highlands, North Carolina, the forthcoming property follows the December 2023 opening of Trailborn Rocky Mountains (a […]

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 […]

April 18, 2024

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 […]

April 17, 2024

Spring is in the air, but the clock is ticking for travelers to lock in summer travel plans. According to the Expedia Summer Travel Outlook, released today, searches for summer trips are up year-over-year for flights and lodging,1 and the […]

April 15, 2024

The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar. March 2024 (% change in comparison with March 2023): Europe In […]

April 10, 2024

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 […]

April 9, 2024

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 […]

April 9, 2024

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 […]

April 8, 2024

The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 […]

April 5, 2024

Chef José Andrés calls for action following strike that killed aid workers, HDAC announces its 2024 Awards of Excellence honoree, and a technology museum is planned in Xi’an. All that and more in this week’s Five on Friday. Italian architect […]

April 4, 2024

As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March. 24-30 March 2024 (percentage change from comparable week in 2023): Occupancy: 62.3% (-5.6%) Average daily rate (ADR): […]

April 3, 2024

IHG Hotels & Resorts announced the signing of voco Seoul Myeongdong in partnership with Gravity Asset Management’s Seoul South Gate Hotel Operations Company and Hotel HDC Co., Ltd. The 576-room property will be rebranded as voco ahead of welcoming guests […]

April 1, 2024

And when it comes to data, there’s no source more important than your Property Management System (PMS). Your PMS is the beating heart of your hotel operations, tracking everything from reservations and check-ins to hotel room rates and billing. But […]

April 1, 2024

While the future holds much promise, the rising operational costs pose a significant issue. From labour costs and food prices to energy bills, hotels must find ways to manage expenses and maintain profitability without compromising on quality. Given the current […]

March 29, 2024

The George Hotel has opened its doors within Georgetown, South Carolina’s historic district. Developed and owned by Winyah Hospitality and operated by the Indigo Road Hospitality Group, the waterfront property features 56 guestrooms and suites alongside a full-service restaurant, bar, […]

March 28, 2024

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 […]