Finance and Development, Financial
March 7, 2024
Via: Hotel News ResourceKate 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, Financial
February 2, 2024
Via: Hotel News ResourceCanadian 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
November 10, 2023
Via: Hotel News Resourcehe 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
October 18, 2023
Via: EntrepreneurYou 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
October 9, 2023
Via: Hotel News ResourceThe 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
July 13, 2023
Via: Hotel News ResourceA 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
May 19, 2023
Via: Hotel News ResourceBefore 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
May 16, 2023
Via: Hotel News ResourceA 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
May 4, 2023
Via: Hotel News ResourceSummit 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
May 1, 2023
Via: Hotel News ResourceSelina 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
April 25, 2023
Via: Hotel News ResourceH 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
April 5, 2023
Via: Hotel News ResourceNexPoint 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
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, Financial
December 28, 2022
Via: Hotel News ResourceGreenTree 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
December 22, 2022
Via: Hotel News ResourceFirst, 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
December 19, 2022
Via: Hotel News ResourceAccording 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
December 6, 2022
Via: Hotel News ResourcePreparing 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
November 4, 2022
Via: Hotel News ResourceAnnual 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 […]
November 2, 2022
Via: Hotel News ResourceA 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
October 18, 2022
Via: Hotel News ResourceThe 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 […]