Finance and Development, Markets
March 29, 2023
Via: Hotel News ResourceSTR’s global “bubble chart” update through 18 March 2023 shows growing momentum in the Asia Pacific region and more than half of markets globally with better than 20% growth in revenue per available room (RevPAR) versus 2019. Among all countries […]
Finance and Development, Markets
March 27, 2023
Via: Hotel News ResourceSpring break travel propelled the U.S. hotel industry to stronger performance than projected. The week ending 18 March this year was the peak spring break period with the most students (both college and K-12 schools) out of session, according to […]
Finance and Development, Markets
March 20, 2023
Via: Hotel News ResourceThe Baird/STR Hotel Stock Index fell 2.5% in February to a level of 5,541. “Hotel stocks – just like the broader market – pulled back in February as the focus turned to earnings and initial 2023 outlooks,” said Michael Bellisario, […]
Finance and Development, Markets
March 13, 2023
Via: Hotel News ResourceU.S. Performance Hotel occupancy came in at 62.8%, which was down from an elevated 64.2% the week prior (Presidents’ Day holiday) but higher than all other weeks in 2023 and 3.0% above the 2022 comparable. Average daily rate (ADR) was […]
Finance and Development, Trends
March 10, 2023
Via: Hotel News ResourceThe off-season can be a challenging time for hoteliers, but there are several ways to make the most out of this time and turn it into a profitable period. Here are some tips for hoteliers to make the most out […]
Finance and Development, Markets
March 9, 2023
Via: Hotel News ResourceU.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March. 26 February through 4 March 2023 (percentage change from comparable weeks in 2022, 2019): Occupancy: 62.8% (+3.0%, -5.6%) Average daily rate (ADR): US$151.35 (+8.9%, […]
Finance and Development, Trends
March 9, 2023
Via: Hotel News ResourceDecreasing guest satisfaction in the hospitality industry is one of the symptoms of hotels not having the staff to keep up with consumers’ shifting demands. To alleviate both, hoteliers are leaning on new technology and unique designs to appeal to […]
Finance and Development, Markets
March 8, 2023
Via: Hotel News ResourceJanuary 2023 Top-Line Metrics (percentage change from January 2019): Occupancy: 52.8% (-3.0%) Average daily rate (ADR): US$142.14 (+13.8%) Revenue per available room (RevPAR): US$75.01 (+10.4%) Key points Indexes are becoming challenging to translate and are less telling. Expect a shift […]
Finance and Development, Trends
March 7, 2023
Via: Hotel News ResourceAustralian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new […]
Finance and Development, Markets
March 6, 2023
Via: Hotel News ResourceU.S. performance Hotel occupancy continued a seasonal rise, reaching 64.2% for the week ending 25 February. That level was up 2.2 percentage points (ppts) year over year (YoY). Room demand (24.9 million) was the highest ever for the week containing […]
Finance and Development, Trends
March 6, 2023
Via: Hotel News ResourceThe World Travel & Tourism Council (WTTC) has today launched the Hotel Sustainability Basics (Basics) verification scheme. Announced at ITB Berlin, Basics will enable tourist accommodation providers from around the world, regardless of their size, to begin their sustainability journey. […]
Finance and Development, Real Estate
March 3, 2023
Via: Hotel News ResourceHotels are a vital part of New York City’s economy, accounting for approximately $13 billion of revenue per year. In recent years, however, the City Planning Commission has adopted certain amendments to New York City’s Zoning Resolution in an attempt […]
Finance and Development, Financial
March 2, 2023
Via: Hotel News ResourceA 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 […]
Finance and Development, Trends
March 1, 2023
Via: Hotel News ResourceKeyword research for hotels is the backbone of any hotel SEO strategy. Ranking for the right keywords can greatly impact a hotel’s success, but choosing the right keywords to target can be tricky. Here are some keyword research tips to […]
Finance and Development, Trends
February 28, 2023
Via: Hotel News ResourceHilton Garden Inn has announced the opening of its 50th property in Greater China. Hilton Garden Inn Beijing Haidian Daoxiang Lake marks the brand’s first hotel in the Chinese capital. First launched in Greater China in 2014, Hilton Garden Inn […]
Finance and Development, Markets
February 28, 2023
Via: Hotel News ResourceThe reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR. The rise in room rates […]
Finance and Development, Trends
February 27, 2023
Via: Hotel News ResourceCompeting against large hotel chains and OTAs with extensive marketing budgets can be intimidating for independent lodging businesses. To stand out online and attract travelers, you must develop creative and compelling ad campaigns and use them strategically. With demand expected […]
Finance and Development, Real Estate
February 27, 2023
Via: Hotel News ResourceLodging Econometrics (LE) has released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms. The […]
Finance and Development, Markets
February 27, 2023
Via: Hotel News ResourceU.S. performance On the back of a solid Presidents’ Day weekend, U.S. hotel occupancy reached a 13-week high (60.8%) with an increase of 1.9 percentage points (ppts) versus the comparable week last year. Average daily rate (ADR) improved 10% year […]
Finance and Development, Trends
February 24, 2023
Via: The World of HospitalityWhile COVID-19 had a greater negative impact on the travel industry than either the 9/11 terror attacks or the Great Depression, global travel is back on the upswing. Hotels are staffing up, making new investments, and opening new properties. The […]