Category: Financial

November 2, 2022

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 […]

October 18, 2022

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 […]

September 16, 2022

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 […]

August 29, 2022

A total of 8,176 hotels or 773,898 hotel rooms in operation as of June 30, 2022. Hotel turnover1 decreased 10.3% year-over-year to RMB11.8 billion in the second quarter of 2022. Excluding Steigenberger Hotels AG and its subsidiaries (“DH”, or “Legacy-DH”), […]

August 25, 2022

Like a lot of companies, hotel brands are starting to look for ways to add non-fungible tokens (NFTs) into their existing marketing strategy and on-site operations, including working with cryptocurrency companies to turn bookings into NFTs. Despite the current slowdown […]

August 18, 2022

The Baird/STR Hotel Stock Index jumped 14.3% in July to a level of 5,158. Year to date through the first seven months of 2022, the stock index decreased 10.4%. “Hotel stocks rebounded sharply and outperformed their respective benchmarks in July; […]

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 […]

April 7, 2022

Ashford Hospitality Trust, Inc. (NYSE: AHT) reported today that the Company expects to report occupancy of approximately 58% for the first quarter of 2022 with an average daily rate of approximately $166 resulting in RevPAR of approximately $97. This RevPAR […]

March 17, 2022

Airlines Reporting Corp. (ARC) today released data showing ARC-accredited travel agency air ticket sales totaling $5.4 billion in February 2022, a 253% year-over-year increase from February 2021.* The net sales total marks the highest level since February 2020, a month […]

March 16, 2022

If you are like all the travel industry professionals we’ve heard from recently, you are probably thinking (or worrying) about the potential impact of surging gas prices, inflation and other economic-related issues on travel. And you are smart to be. […]

January 18, 2022

I heard this about 40 years ago and it has stuck with me. I was a newbie cocktail waiter working part time in my hometown hotel. One of my regular weekend customers was the controller and he was telling me […]