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Category: Finance and Development


Finance and Development, Financial

Europe positive in January

February 24, 2020

Via: Hotel Management

Europe’s hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR. Budapest reported its strongest ever January in terms of revpar, while Paris saw its highest occupancy. Europe’s hotels reported a […]


Finance and Development, Markets

US Hotel Occupancy Up 0.8 Percent to 55.1 Percent for January 2020

February 20, 2020

Via: Hotel News Resource

The U.S. hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR. In a year-over-year comparison with January 2019, the industry posted the following: Occupancy: +0.8% to 55.1% Average daily rate […]


Finance and Development, Trends

4 trends to watch for as industry evolves

February 19, 2020

Via: Hotel Management

Settling in to 2020, it is clear that innovation in hospitality and real estate is happening at a pace not seen since the rise of Marriott and Hilton. The big question is whether today’s innovative, grow-at-all-costs companies (WeWork, OYO, Sonder, […]


Finance and Development, Trends

Reframing Wellness to Wellbeing in the Hospitality Industry

February 18, 2020

Via: Hospitality Net

The wellness tourism is now a $639 billion industry. This begins to point us in the direction of traveler & guest desires, but the word wellness can lead to restrictive thinking. What comes to mind when I say wellness? Did […]


Finance and Development, Financial, Hotels

Middle East looks to tourism

February 17, 2020

Via: Hotel Management

More than $23bn-worth of hotel construction contracts were due to be awarded in the Middle East and North Africa between now and 2023, according to MEED Projects. The company said that, in the final quarter of last year, development was […]


Finance and Development, Real Estate

STR: U.S. hotel construction up 6.8% in January

February 13, 2020

Via: Hospitality Net

STR’s hotel pipeline data for the U.S. showed 1,615 projects accounting for 208,807 rooms in construction as of the end of January 2020. This represented a 6.8% year-over-year increase in the number of rooms in the final phase of the […]


Finance and Development, Financial, Hotels

Hilton Houston North Announces $35 Million Renovation

February 13, 2020

Via: Hospitality Net

The Hilton Houston North announced it will undergo a $35 million-dollar renovation to include all guest rooms and suites, common areas, and meeting spaces. The renovation is expected to be complete by April 2020. The renovation includes the 18,000 square […]


Finance and Development, Markets

Report: Loyalty bookings made up 56% of U.S. reservations in ’19

February 11, 2020

Via: Hotel Management

Loyalty-related bookings accounted for more than half of total reservations in the United States last year, according to full-year 2019 booking data from Kalibri Labs. Throughout 2019, total U.S. loyalty contribution rose 7.6 percent to 56.2 percent, a jump of […]


Finance and Development, Real Estate

Why more hotels are owned by franchisees

February 5, 2020

Via: Hospitality Net

The last decade has seen a continued shift in hotel ownership. In 2010, roughly 70% of branded hotels were franchised operations. By 2019, that figure rose to roughly 80%. Major hotel brands have led the charge. Marriott International, Hilton Worldwide, […]


Finance and Development, Markets

Mainland China’s Hotel Occupancy Declined 75% Between 14-26 January Due to the Coronavirus Outbreak

February 4, 2020

Via: Hotel News Resource

Preliminary data and analysis from STR shows a hotel occupancy decline of 75% in Mainland China from 14-26 January 2020. Performance during the Chinese New Year holiday period was significantly worsened by the outbreak of novel coronavirus (2019-nCoV). “The Chinese […]