Finance and Development, Trends
March 18, 2024
Via: Hotel News ResourceIn the recently released HSMAI Foundation Special Report: The State of Hotel Sales, Marketing, and Revenue Optimization Talent 2023-2024, the second trend investigates how the gig economy and fractional staffing models are changing talent sourcing. Employers in the hospitality industry […]
Finance and Development, Trends
March 14, 2024
Via: Hotel News ResourceAccording to BCD Travel’s Cities & Trends Europe 2023 edition, Amsterdam and New York are the most visited cities for European business travelers. The most popular countries are Germany and the United States. The report is based on BCD flight and […]
Finance and Development, Trends
February 22, 2024
Via: Hotel News ResourceThe Q4 2023 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) states that at the close of the fourth quarter, the region’s total pipeline stands at 607 projects/145,984 rooms. The region boasts an impressive 11% […]
Finance and Development, Trends
February 16, 2024
Via: Hotel News ResourceReal Hotels acquires Amazonia Hotel Group and its four hotels in Portugal Portuguese hotel chain Real Hotels Group has acquired the Amazonia Hotel Group platform, which includes four hotels, all in Portugal, ranging from three to four stars. Founded in […]
Finance and Development, Trends
February 14, 2024
Via: Hotel News ResourceFollowing the top email marketing trends for 2024 provides the latest techniques for engaging guests and getting the most out of your email communications. As an essential part of digital marketing for hotels, emails have the power to nurture guest […]
Finance and Development, Trends
February 13, 2024
Via: Restaurant DiveCoffee and tea are hot across foodservice — and c-stores play an important part in that growth. Overall, customer traffic at gourmet coffee and tea outlets grew 12% in the fourth quarter, according to Circana, while traffic in the overall […]
Finance and Development, Trends
February 12, 2024
Via: Smart Meetings“It’s a hard reality that the industry has to face but we have to acknowledge it. We have to ask ourselves, ‘What do we do to combat?’” – Paul Pellizzari, Vice President of global social responsibility, Hard Rock International One […]
Finance and Development, Trends
February 6, 2024
Via: Hotel News ResourceIn a world where the hospitality industry is more competitive than ever, businesses always look for new ways to stand out and create unforgettable customer experiences. With the rise in popularity of the gaming industry, more hospitality businesses have found […]
Finance and Development, Trends
February 5, 2024
Via: Hotel News ResourceImprovement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. 2023 per-available-room metrics (% change from 2022) GOPPAR: US$75.83 (+8.2%) TRevPAR: US$211.49 […]
Finance and Development, Trends
February 1, 2024
Via: Hotel News ResourceU.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January. 21-27 January 2024 (percentage change from comparable week in 2023): Occupancy: 56.2% (-0.3%) Average daily rate (ADR): US$149.76 (+5.1%) […]
Finance and Development, Trends
January 31, 2024
Via: Hospitality DesignHotel design impacts every aspect of a traveler’s experience. To get a sense of where hotel design is headed this year, we asked a handful of veteran designers to share what they predict we’ll be seeing in 2024. “Luxury hotels […]
Finance and Development, Trends
January 25, 2024
Via: Hotel News ResourceU.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 20 January. 4-20 January 2024 (percentage change from comparable week in 2023): Occupancy: 52.2% (-3.8%) Average daily rate (ADR): US$142.27 (+1.6%) […]
Finance and Development, Trends
January 18, 2024
Via: Hospitality DesignRecent promotions at Arteriors and Turf Design, two U.S. companies are acquired, and more. Here is this month’s manufacturer news to know: Room & Board obtains B Corp certification Minneapolis-based furniture retailer Room & Board is now a Certified B […]
Finance and Development, Trends
January 17, 2024
Via: Hotel News ResourceIn a joint effort to promote sustainability in the Travel & Tourism sector, the World Travel & Tourism Council (WTTC) and Biosphere have inked a partnership to promote sustainability criteria in the hotel industry under the Hotel Sustainability Basics initiative. […]
Finance and Development, Trends
January 16, 2024
Via: Hospitality DesignBest-selling author, Will Guidara, claims “We are entering into a hospitality economy” – suggesting that what underpins the essence of hospitality, (service excellence, human interaction, personalization and the co-creation of memorable experiences), is actually what many sectors of industry are […]
Finance and Development, Trends
January 11, 2024
Via: Hotel News ResourceU.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 […]
Finance and Development, Trends
January 10, 2024
Via: Hotel News ResourceAlthough 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 […]
Finance and Development, Trends
December 28, 2023
Via: Hotel News ResourceSTR’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, […]
Finance and Development, Trends
December 26, 2023
Via: Hospitality DesignQueens, 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 […]
Finance and Development, Trends
December 19, 2023
Via: Hotel News ResourceThe 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 – […]