Category: Finance and Development

January 11, 2024

U.S. hotel performance decreased from the previous week, while year-over-year comparisons improved, according to CoStar’s latest data through 6 January. 31 December 2023 through 6 January 2024 (percentage change from comparable week in 2023): Occupancy: 46.8% (-0.7%) Average daily rate […]

January 10, 2024

Although Portland hoteliers’ hopes for 2023 were high due to a more robust convention calendar at the Oregon Convention Center (OCC) and a positive outlook for leisure demand in the summer, the year was challenging for the metro area. The […]

December 28, 2023

STR’s global “bubble chart” update through 16 December 2023 showed 75% of markets with growth in revenue per available room (RevPAR) compared to 2019. Notably, 20 of 25 European countries recorded RevPAR growth in this run-up to the holiday season, […]

December 26, 2023

Queens, New York native Katrina Schultz Richter opened Good Neighbor Queens—a grab-and-go food and sundries shop located inside the Falchi Building in the borough’s Long Island City neighborhood—in 2015. A hospitality veteran, Schultz Richter drew on years of industry experience […]

December 19, 2023

The Hospitality Industry Sentiment (HIS) survey is STR’s global quarterly study covering the experiences and expectations of travel and hotel industry professionals. With the first full year of the HIS survey in the books, several strong patterns have emerged – […]

December 12, 2023

Prioritizing wellness in meetings and conventions is rapidly evolving from a nice-to-have feature to an essential component of creating a productive and positive meeting. Today, meetings and convention planners have an opportunity to enrich their gatherings like never before to […]

December 11, 2023

Food is what connects people. It brings people together without needing any introductions or explanations. It is what sits people from different backgrounds down at the same table and share a sensory moment that creates a memorable experience. For a […]

December 8, 2023

Pantone has announced PANTONE 13-1023 Peach Fuzz, a gentle peach sitting between pink and orange, as the 2024 Pantone Color of the Year. Emanating a warm and inviting aura, Peach Fuzz introduces a fresh new take on softness. With its […]

December 6, 2023

Scenic Mountain Escapes For Brilliant Minds Three new and renovated resorts nestled in three breathtaking mountain regions invite visitors to take in the wonders of the natural world. Montana’s Spanish Peaks, Colorado’s Rocky Mountains and Garden of the Gods and […]

December 5, 2023

Event safety is a touchstone of a successful event. How can your attendees properly network and collaborate if no one feels safe? Over the year, Smart Meetings has covered several ways meeting professionals can ensure attendees feel safe in every […]

December 4, 2023

The most recent Construction Pipeline Trend Report for the United States, compiled by Lodging Econometrics (LE), reveals the top five markets with the largest hotel construction pipelines by projects at the end of the third quarter. The list is topped […]

November 29, 2023

Air-purifying paints can play a small but significant role for designers, brands, and specifiers in the hospitality industry seeking innovative and sustainable product solutions required to reach net-zero goals. Whilst paint as a source of saving carbon may not be […]

November 28, 2023

The global luxury hotel market is on the rise, reaching a valuation of $128.5 billion in 2022 with an expectation to increase to $140.3 billion by the end of this year. Recent projections from Fortune Business Insights indicate a remarkable […]

November 27, 2023

Standard International will soon add a new hotel brand to its portfolio: the StandardX. The new concept is derived from the Standard’s youthful roots, drawing inspiration from the spirit that defined its inception 25 years ago—when the now-shuttered Standard, Hollywood […]

November 22, 2023

Marketers have always been pretty resilient. Anyone who works in marketing will tell you there’s a needMarketers have always been pretty resilient. Anyone who works in marketing will tell you there’s a need to be flexible whilst juggling the best […]

November 21, 2023

According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are […]

November 20, 2023

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023. For 2023, growth in RevPAR was raised by 0.3 percentage points, due […]

November 17, 2023

Travelers never stand still for long. This is an industry of dynamic change, one always evolving and adapting to the latest innovation, fashion, or cultural shift. While it is impossible to know exactly what tomorrow will bring, Amadeus’ position at […]

November 16, 2023

Hospitality venues are more than just background scenery Imagine a world where the elegance of Spanish TV series “Grand Hotel” converges with the gritty allure of “Sweetbitter.” Just as “Grand Hotel” provides a peek into the concealed intricacies of a […]

November 15, 2023

American Express Travel released its annual Trending Destinations list for 2024 today, featuring the 10 must-visit vacation spots based on global American Express Card Member travel bookings and recommendations from Amex Travel’s team of 6,000 expert Travel Consultants. This year’s […]