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Category: Finance and Development


Finance and Development, Trends

How Hotel Brands Are Using First-Party Data to Drive Revenue

December 1, 2022

Via: Hotel News Resource

Finding and appealing to travelers online means getting to know them—their preferences, habits, and how these might change in the moment. Searching and booking travel no longer follows traditional paths. Travelers show intent at any time and any place. With […]


Finance and Development, Markets

Hotel Performance Strengthens Further for Most Countries Outside of Asia – STR

November 30, 2022

Via: Hotel News Resource

STR’s global ‘bubble chart’ update through 19 November 2022 showed the strongest performance of the year thus far. Egypt, Argentina, Israel, Singapore, and the United Arab Emirates were the top five performing countries in revenue per available room (RevPAR) on […]


Finance and Development, Trends

Recession Proof Your Hotel Marketing – By Pete DiMaio

November 30, 2022

Via: Hotel News Resource

#1 Actually Look at Your Invoices and Tech Stack Just like your oft-forgotten subscription to your 10th streaming service, there can be a lot of waste in your hotel’s marketing budget. For a property to truly get to a position […]


Finance and Development, Real Estate

Hyatt Acquires Dream Hotel Group for a Base Purchase Price of $125 Million

November 29, 2022

Via: Hotel News Resource

Hyatt Hotels Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands, with properties […]


Finance and Development, Markets

STR Reports Canada Hotel Performance Recovery Continued in October

November 23, 2022

Via: Hotel News Resource

Following seasonal patterns, Canada’s hotel performance fell from the September but average daily rate (ADR) and revenue per available room (RevPAR) were higher than the pre-pandemic comparables, according to STR’s October 2022 data. October 2022 (percentage change from October 2019) […]


Finance and Development, Trends

Traveler Survey Highlights Duty of Care Gap for Remote Working and Bleisure Travelfocus Areas Read More

November 21, 2022

Via: Hotel News Resource

More than three-quarters of business travelers say their employer treats traveler health, safety and security as a priority, but only 36% of travelers say their employer unconditionally takes care of their safety and security when working remotely and another 25% […]


Finance and Development, Real Estate

LE Reports Hotel Conversions in European Hotel Construction Pipeline Reach All-Time High

November 21, 2022

Via: Hotel News Resource

According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/258,476 rooms. Projects under construction in Europe stand […]


Finance and Development, Markets

For October U.S. Hotel Industry Reported Weakened Comparisons with 2019

November 18, 2022

Via: Hotel News Resource

The U.S. hotel industry reported higher performance from the month prior but weakened comparisons with 2019, according to October 2022 data from STR. October 2022 (percentage change from October 2019): Occupancy: 67.2% (-2.4%) Average daily rate (ADR): US$155.63 (+16.8%) Revenue […]


Finance and Development, Markets

U.S. Hotel Stocks Up 5.8% in October

November 17, 2022

Via: Hotel News Resource

The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%. “October was a strong rebound month for hotel stocks, and […]


Finance and Development, Markets

Irish Hotel Industry is Well-positioned Heading into 2023

November 16, 2022

Via: Hotel News Resource

A turbulent two years due to the pandemic proved to be the ultimate test of resilience and business continuity for hotels in Ireland. This year, however, has produced a strong recovery despite a difficult start and ongoing global macroeconomic uncertainty. […]


Finance and Development, Trends

Midscale Hotel Brands Strive for Equal Share of Consumer, Investor Attention – CoStar

November 15, 2022

Via: Hotel News Resource

The hotel industry has no shortage of brands, and while the segments at either end of the spectrum are top of mind for investors and guests, the midscale segment is looking to take its next big leap. The survival of […]


Finance and Development, Markets

U.S. Market Recovery Monitor – 5 November 2022 – STR

November 14, 2022

Via: Hotel News Resource

With Halloween on Monday during the week of 30 October through 5 November (week 45), U.S. hotel demand and occupancy saw a sharp decrease Sunday and Monday with the declines lingering into Tuesday and to a lesser extent Wednesday. As […]


Finance and Development, Real Estate

Mexico's Palace Resorts Aquires Majority Stake in Baglioni Hotels & Resorts

November 14, 2022

Via: Hotel News Resource

Baglioni Hotels & Resorts, the leading Italian hotel company with presence in Rome, Florence, Milan, Venice, Sardinia, Apulia, London and Maldives, announced a strategic financial partnership with the Mexican company Palace Resorts. This structured initiative includes Palace Resorts becoming the […]


Finance and Development, Markets

For the Week Ending November 5th U.S. Hotel Performance Came in Lower Than the Previous Week and Showed Weakened Comparisons to 2019

November 10, 2022

Via: Hotel News Resource

As expected due to the Halloween calendar shift, U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019, according to STR‘s latest data through 5 November. 30 October through 5 November 2022 (percentage change […]


Finance and Development, Real Estate

WoodSpring Suites to Add Nine New Hotels in Georgia and South Carolina

November 10, 2022

Via: Hotel News Resource

During the third quarter, Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with Noble Investment Group (Noble) to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years, signaling increased institutional interest in the […]


Finance and Development, Real Estate

Projects in Canadian Hotel Construction Pipeline Are Up 2% Year-Over-Year for Q3 2022

November 8, 2022

Via: Hotel News Resource

According to the recent Hotel Construction Pipeline Report for Canada by Lodging Econometrics (LE), LE analysts report that in the third quarter of 2022 the total construction pipeline in Canada stands at 263 projects/34,825 rooms, up 2% by projects and […]


Finance and Development, Markets

U.S. Market Recovery Monitor – 29 October 2022 – STR

November 7, 2022

Via: Hotel News Resource

A decrease in U.S. hotel demand and occupancy for the week of 23-29 October was expected and not as steep as previous years. The largest week-over-week declines were seen over the weekend (Friday & Saturday) with demand down 11% as […]


Finance and Development, Financial

Controlling U.S. Hotel Utility Costs – By Robert Mandelbaum and Ethan Gabany

November 4, 2022

Via: Hotel News Resource

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 […]


Financial

The UK International Travel Industry Contributes £80bn a Year to UK Economy

November 2, 2022

Via: Hotel News Resource

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 […]


Finance and Development, Markets

STR Reports U.S. Hotel Profitability in September Exceeded Pre-pandemic Comparables

November 1, 2022

Via: Hotel News Resource

U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR’s July 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the […]