Category: Financial

June 20, 2022

As travel returns to pre-pandemic levels in many EMEA markets, Radisson Hotel Group has launched new strategic revenue targets to capitalize on the increase in demand and adapt to consumers’ new booking patterns in the post-pandemic period. The Group’s revenue […]

May 27, 2022

Additional information on 2022 financial and operational results can be found at www.sedar.com in our 2022 interim consolidated financial statements and management discussion and analysis (“MD&A”). DoubleTree Portfolio On March 8, 2022, the Company began the marketing process to sell […]

May 11, 2022

Planning a trip is no small task, and, in many cases, prospective travelers immerse themselves in destination and hotel research before making a booking decision. Studies show that travelers conduct an average of 33 searches and check 12 travel sites […]

May 6, 2022

Hotel revenue management has gone far beyond pricing guest rooms using yield management programs. Resort managers in particular have learned that they can use revenue management principles and techniques to get the most profits from food and beverage, spas, pool […]

April 29, 2022

Accor’s business has rebounded sequentially every quarter since Q2 2021. The outbreak of the Omicron variant caused only a brief hiccup in January, and the recovery seen in February gained further momentum in March. This rebound reflects both the sustained […]

April 27, 2022

The corporate travel industry is always exposed to disruption: personal travel disruptions like canceled flights, strategic disruptions like mergers and acquisitions, and existential disruptions like, ‘Do I really need to take this trip when I could Zoom it instead?’ At […]

April 19, 2022

Efforts to create decentralized, blockchain-based travel booking platforms have been in development for several years but now two new systems are debuting – one for hotels and the other for short-term rentals. The creation of these new direct-to-consumer channels, for […]

April 18, 2022

Ashford announced that independent hotel management company Remington Hotels, a wholly owned portfolio company of the alternative asset management firm, has acquired privately held third-party hotel management company Chesapeake Hospitality. Ashford is acquiring Chesapeake for an initial consideration of $15.75 […]

April 11, 2022

The Baird/STR Hotel Stock Index increased 2.2% in March to a level of 5,882. Year to date through the first three months of 2022, the stock index increased 2.4%. “Hotel stocks increased in March but underperformed their benchmarks as stock […]

April 8, 2022

Having a monthly financial statement for your hotel is the key to creating an effective management process inside your business. But, like many things in life, hotel financial statements are not all equal. To be effective your statement needs to […]