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Category: Finance and Development


Finance and Development, Trends

Transforming Talent Sourcing in the Hotel Industry: The Rise of the Gig Economy and Fractional Staffing Models

March 18, 2024

Via: Hotel News Resource

In the recently released HSMAI Foundation Special Report: The State of Hotel Sales, Marketing, and Revenue Optimization Talent 2023-2024, the second trend investigates how the gig economy and fractional staffing models are changing talent sourcing. Employers in the hospitality industry […]


Finance and Development, Trends

Amsterdam and New York Are the Top Destinations for European Business Travelers

March 14, 2024

Via: Hotel News Resource

According to BCD Travel’s Cities & Trends Europe 2023 edition, Amsterdam and New York are the most visited cities for European business travelers. The most popular countries are Germany and the United States. The report is based on BCD flight and […]


Finance and Development, Markets

Travel and Tourism Sector Deal Activity Down by 22.5% YoY During January&February 2024

March 13, 2024

Via: Hotel News Resource

The travel and tourism sector witnessed the announcement of 93 deals* globally during the first two months of 2024, an year-on-year (YoY) decline of 22.5% compared to the announcement of 120 deals during the same period in 2023, reveals GlobalData. […]


Finance and Development, Markets

Dubai Hotel Occupancy Jumped to 90.8% During February

March 12, 2024

Via: Hotel News Resource

A series of events pushed all-time high occupancy levels in Dubai, according to February preliminary data from CoStar. February 2024 (year-over-year % change): Occupancy: 90.8% (+3.4%) Average daily rate (ADR): AED887.06 (+9.3%) Revenue per available room (RevPAR): AED805.21 (+13.1%) Read […]


Finance and Development, Financial

UKHospitality Says Spring Budget Contains Very Little for Hospitality Businesses

March 7, 2024

Via: Hotel News Resource

Kate Nicholls, Chief Executive of UKHospitality, said: “The Chancellor missed a real opportunity today to show that he backs hospitality and understands the real pain they are enduring. “He had a chance to accelerate and unlock hospitality, but instead he […]


Finance and Development, Markets

STR Commentary on U.S. Hotel Performance for January 2024

March 4, 2024

Via: Hotel News Resource

Top-Line Metrics (January 2024, percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): $146.33 (+2.7%) Revenue per available room (RevPAR): $75.99 (+0.9%) Key points January produced modest RevPAR growth, reflecting the continued return to pre-COVID patterns of […]


Finance and Development, Markets

Global Urban Hotel Performance is Accelerating According to JLL

February 27, 2024

Via: Hotel News Resource

While global hotel revenue per available room (RevPAR) remains elevated, surpassing 2019 levels by 11.7% through the first eleven months of 2023, performance has begun to normalize as some leisure travel contracts. Stabilization has weighed heaviest in resort markets, predominantly […]


Finance and Development, Trends

Middle East Hotel Construction Pipeline Marks Highest Year&Over&Year Project Growth Since 2018

February 22, 2024

Via: Hotel News Resource

The Q4 2023 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) states that at the close of the fourth quarter, the region’s total pipeline stands at 607 projects/145,984 rooms. The region boasts an impressive 11% […]


Finance and Development, Trends

HVS Europe Hotel Transactions Bulletin Week Ending 9 February 2024

February 16, 2024

Via: Hotel News Resource

Real Hotels acquires Amazonia Hotel Group and its four hotels in Portugal Portuguese hotel chain Real Hotels Group has acquired the Amazonia Hotel Group platform, which includes four hotels, all in Portugal, ranging from three to four stars. Founded in […]


Finance and Development, Trends

Email Marketing Trends for 2024

February 14, 2024

Via: Hotel News Resource

Following the top email marketing trends for 2024 provides the latest techniques for engaging guests and getting the most out of your email communications. As an essential part of digital marketing for hotels, emails have the power to nurture guest […]


Finance and Development, Trends

4 coffee trends for c-stores to watch

February 13, 2024

Via: Restaurant Dive

Coffee and tea are hot across foodservice — and c-stores play an important part in that growth. Overall, customer traffic at gourmet coffee and tea outlets grew 12% in the fourth quarter, according to Circana, while traffic in the overall […]


Finance and Development, Markets

AHLA Report Shows Positive Outlook For Hotel Industry in 2024

February 13, 2024

Via: Hospitality Design

A new report from the American Hotel & Lodging Association (AHLA) found that 72 percent of the 2,202 U.S. adults surveyed plan to maintain or increase their number of hotel stays in 2024 compared to 2023. The survey found that […]


Finance and Development, Markets

Hotel Revenue Management: 10 Ways to Boost Hotel Income in 2024

February 12, 2024

Via: Hotel News Resource

Elevate the guest experience For hotels, it’s more important than ever to offer experiences that meet guests’ evolving expectations. Achieve exceptional client experiences by enhancing your customer journey, actively pursue and promote sustainability initiatives, deliver seamless customer experiences, and consider […]


Finance and Development, Trends

Hospitality and Gaming Fight Human Trafficking

February 12, 2024

Via: Smart Meetings

“It’s a hard reality that the industry has to face but we have to acknowledge it. We have to ask ourselves, ‘What do we do to combat?’” – Paul Pellizzari, Vice President of global social responsibility, Hard Rock International One […]


Finance and Development, Markets

U.S. Hotel Performance for Week Ending January 27th

February 8, 2024

Via: Hotel News Resource

U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. 28 January through 3 February 2024 (percentage change from comparable week in 2023): Occupancy: 55.2% (-0.1%) Average daily […]


Finance and Development, Real Estate

MCR Refinances 16 Hotels for $333 Million

February 8, 2024

Via: Hotel News Resource

MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s net operating income, increasing it from $15 million at acquisition to $36 million. This represents a […]


Finance and Development, Trends

Consumer Psychology & Gamification in the Hospitality Industry & By Vlad&Iosif Benga

February 6, 2024

Via: Hotel News Resource

In a world where the hospitality industry is more competitive than ever, businesses always look for new ways to stand out and create unforgettable customer experiences. With the rise in popularity of the gaming industry, more hospitality businesses have found […]


Finance and Development, Trends

U.S. Hotel Profitability Gains Led by Full&service Chains, Major Markets According to CoStar Data

February 5, 2024

Via: Hotel News Resource

Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. 2023 per-available-room metrics (% change from 2022) GOPPAR: US$75.83 (+8.2%) TRevPAR: US$211.49 […]


Finance and Development, Financial

Colliers Q4 2023 Canadian Hotel Investment Report

February 2, 2024

Via: Hotel News Resource

Canadian hotel investment activity totalled approximately $320 million in the fourth quarter, pushing the year-end total to over $1.65 billion based on Colliers Hotels’ preliminary sales data. Investment activity remained resilient year-over-year with established and new entrants to the sector […]


Finance and Development, Trends

U.S. Hotel Performance for Week Ending January 27th

February 1, 2024

Via: Hotel News Resource

U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January. 21-27 January 2024 (percentage change from comparable week in 2023): Occupancy: 56.2% (-0.3%) Average daily rate (ADR): US$149.76 (+5.1%) […]