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Category: Financial


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, Financial

U.S. Hotel Stocks Down 2.4% in October

November 10, 2023

Via: Hotel News Resource

he Baird/STR Hotel Stock Index decreased 2.4% in October to a level of 5,600. “Hotel stocks fell for the third consecutive month in October, and performance directionally tracked the broader indices,” said Michael Bellisario, senior hotel research analyst and director […]


Finance and Development, Financial

The Travel Industry Is One Step Closer to the End of Junk Fees – Travel Market Report

October 18, 2023

Via: Entrepreneur

You may recall that I have written two previous articles about the possibility that the federal government would join a few states in prohibiting so-called “junk fees,” defined essentially as mandatory charges added late in the buying process as a, […]


Finance and Development, Financial

U.S. Hotel Stocks Down 2.0% for September

October 9, 2023

Via: Hotel News Resource

The Baird/STR Hotel Stock Index dropped 2.0% in September to a level of 5,739. “Hotel stocks were down again in September, but they outperformed their relative benchmarks,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Both the […]


Finance and Development, Financial

Travel and Tourism Sector Deal Activity Down by 38.8% YoY in H1 2023

July 13, 2023

Via: Hotel News Resource

A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals […]


Finance and Development, Financial

Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

May 19, 2023

Via: Hotel News Resource

Before we dive in the strategies it is important to understand what Hotel Room Pricing is and how Hotel Reveneue Management plays a part in deciding your hotel room price. What is Hotel room pricing? Hotel room pricing refers to […]


Finance and Development, Financial

Hotel Companies Raise 2023 Revenue Expectations – CoStar

May 16, 2023

Via: Hotel News Resource

A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections. Here are some of the highlights from quarterly earnings calls highlighting the source of […]


Finance and Development, Financial

Summit Hotel Properties Reports First Quarter 2023 Results

May 4, 2023

Via: Hotel News Resource

Summit Hotel Properties, Inc. (NYSE: INN), yesterday announced results for the first quarter ended March 31, 2023. “We are pleased with our first quarter operating results as average daily rate in our pro forma portfolio reached the highest level in […]


Finance and Development, Financial

Selina Hospitality PLC Reports Fiscal 2022 Financial Results

May 1, 2023

Via: Hotel News Resource

Selina Hospitality PLC (NASDAQ: SLNA) announced today its financial results for the full-year ended December 31, 2022. Rafael Museri, Co-Founder and CEO, stated: “2022 has been a very important year in Selina’s history. We completed our listing on NASDAQ in […]


Finance and Development, Financial

H World Group Limited Announces Preliminary Results for Hotel Operations in the First Quarter of 2023

April 25, 2023

Via: Hotel News Resource

H World Group Limited (NASDAQ: HTHT and HKEX: 1179) today announced preliminary results for hotel operations in the first quarter ended March 31, 2023. Business update For our Legacy-Huazhu business, our RevPAR in Q1 2023 recovered to 118% of the […]


Finance and Development, Financial

NexPoint Hospitality Trust Announces Fiscal Year 2022 Improving Financial Results and Update on Sale of DoubleTree Portfolio

April 5, 2023

Via: Hotel News Resource

NexPoint Hospitality Trust, (TSX-V: NHT.U) announced the release of NHT’s financial results for the three and twelve months ended December 31, 2022. All amounts are expressed in U.S. dollars. The table below presents net income from continuing operations, Funds from […]


Finance and Development, Financial

Hotel Transaction Volume in 2023 Could Surpass the $48.6 Billion in Total Transactions Closed in 2022 – CoStar

March 2, 2023

Via: Hotel News Resource

A 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, Financial

GreenTree Hospitality Group Ltd. Reports First Half 2022 Financial Results

December 28, 2022

Via: Hotel News Resource

GreenTree Hospitality Group Ltd. (NYSE: GHG), a leading hospitality management group in China, yesterday announced its unaudited financial results for the first half of 2022. First Half 2022 Operational Highlights A total of 4,669 hotels with 332,073 hotel rooms were […]


Finance and Development, Financial

Hospitality Financial Leadership – How to Write a Great Monthly Executive Commentary – By David Lund

December 22, 2022

Via: Hotel News Resource

First, let’s get the rhinoceros in the room out in the open. The reason why most commentaries are pretty useless is they just regurgitate numbers. The same numbers that you should be able to see in your financials are bantered […]


Finance and Development, Financial

Inflation Biting As U.K. Hospitality Sales Lag Behind Pre-pandemic Levels

December 19, 2022

Via: Hotel News Resource

According to data in the latest UKHospitality Tracker, provided by CGA, turnover in the year up to the end of September 2022 was up 1.3% at £135 billion, compared to 2019. This is the first time a full-year figure is […]


Finance and Development, Financial

Hospitality Financial Leadership – How to Prepare a 5-Year Proforma – By David Lund

December 6, 2022

Via: Hotel News Resource

Preparing a five-year financial plan for your hotel might sound daunting, but it is all in your head. Let’s lay it out. You are either dreaming about a business that does not exist yet and you need a plan, or […]


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, Financial

Hotel Asset Management is Essential for an Unbiased Perspective – By Ajay Mehtani and Dipti Mohan

October 18, 2022

Via: Hotel News Resource

The hotel industry is highly complex in nature and is extremely sensitive to economic and market dynamics. Just as the industry was emerging from the pandemic’s shadow, new challenges have emerged, including rising input costs and other inflationary pressures, a […]


Finance and Development, Financial

FAU Poll: Inflation Delivers a Blow to Summer Travel Plans

September 16, 2022

Via: Hospitality Net

Inflation is a major concern for Floridians, with many saying the higher cost of living has greatly affected their finances and forced them to change summer travel plans, according to the latest statewide survey from the Florida Atlantic University Business […]