Finance and Development, Trends
September 29, 2023
Via: Hotel News ResourceSiteMinder, the world’s leading open hotel commerce platform, has released the 2023 edition of the world’s largest consumer research on accommodation, which reveals that 91% of travellers intend to travel at least the same amount as they did over the […]
Finance and Development, Trends
September 26, 2023
Via: Hotel News ResourceJapanese REIT, Nippon Accommodations Fund Inc. (NAF) have agreed to purchase a portfolio of three hotels for a sum of JPY 3.1 billion, with the purchased properties in Nishi-Akashi, Matsuyama, and Naha, Japan. A total of 331 Rooms were acquired […]
Finance and Development, Trends
September 22, 2023
Via: Hotel News ResourceCanada’s hotel industry reported its highest occupancy level since August 2019, according to CoStar’s August 2023 data. August 2023 (percentage change from August 2022): Occupancy: 77.4% (+1.4%) Average daily rate (ADR): CAD226.04 (+5.8%) Revenue per available room (RevPAR): CAD174.87 (+7.2%) […]
Finance and Development, Trends
September 20, 2023
Via: Hotel News ResourceForwardKeys, a travel data and analytics firm, has recently released the latest Chinese outbound travel trends regarding Golden Week, ahead of the webinar with Dragon Trail International on September 26. As of September 6, bookings for upcoming Golden Week travel […]
Finance and Development, Trends
September 20, 2023
Via: Hotel News ResourceYesterday, the American Hotel & Lodging Association (AHLA) and the Hotel Association of Canada (HAC) have signed a Letter of Intent to form a joint venture company that will own and operate the Green Key Global certification program in the […]
Finance and Development, Trends
September 19, 2023
Via: Hotel News ResourceForwardKeys, the travel analytics firm has identified five major travel trends in global air travel this summer. These have been revealed by an analysis of the top destinations and top origin markets compared to last year and to pre-pandemic levels […]
Finance and Development, Trends
September 18, 2023
Via: Hotel News ResourceRunning a hotel isn’t just about offering a comfortable stay. Behind the impeccable service and finely made beds, lies a strategic world driven by the goal of increasing bookings and offering top-tier services. The challenge? Balancing memorable guest experiences while […]
Finance and Development, Trends
September 14, 2023
Via: Hotel News ResourceTo lead people and organizations successfully in the coming years, leaders need to have a clear understanding of these trends and how to implement them while considering the specific needs of their organizations and the context of their market. In […]
Finance and Development, Trends
September 1, 2023
Via: Hotel News ResourceIn the dynamic and highly competitive sphere of the hospitality industry, a towering challenge is prevalent for hotel operators: how to increase hotel bookings online through exclusive, direct channels. While third-party mediums like online travel agencies (OTAs) deliver a handy […]
Finance and Development, Trends
August 31, 2023
Via: Hotel News ResourceImagine a guest arrives at your hotel, ready to have a memorable stay, and something doesn’t go as expected. What happens when you can’t meet their expectations? The more prepared you and your staff are to handle guest complaints, the […]
Finance and Development, Trends
August 28, 2023
Via: Hotel News ResourceGlobal performance (excluding the U.S) showed a marginal week-over-week decrease in occupancy, down 1.2ppts to 72.1%, which is in line with historical patterns and expected given the industry’s seasonality. While occupancy was down from the prior week, it was up […]
Finance and Development, Trends
August 17, 2023
Via: Hotel News ResourceBuilding international booking volumes remain the driving force behind Portugal’s booming summer of travel. This is according to new data from SiteMinder, the world’s leading open hotel commerce platform. So far in August, over 77% of the reservations made to […]
Finance and Development, Trends
August 16, 2023
Via: Hotel News ResourceIt has been just over a year since announcing the successful outcomes from the third-party testing of airborne and surface pathogens at a Churchill Downs Incorporated (“CDI”) gaming property. Pyure’s technology has become an integral part of CDI’s efforts to […]
Finance and Development, Trends
August 7, 2023
Via: Hotel News ResourceCapitaLand Ascott Trust (CLAS) announces plans to purchase 3 properties in London, Dublin, and Jakarta, for a total of S$530.8 million, with the sale and purchase agreements expected to be signed at the end of November this year. The Singapore-based […]
Finance and Development, Trends
August 3, 2023
Via: Hotel News ResourceThis is according to a new report – “The Current State of Business Travel: Business Traveler and Travel Manager Priorities” – published today by the Global Business Travel Association (GBTA) and sponsored by Uber for Business. The report explores sentiments […]
Finance and Development, Trends
August 1, 2023
Via: Hotel News ResourceIs the business world still Zooming from home? Has corporate travel spending made a full recovery from the pandemic? Are carbon budgets replacing financial budgets? Accor’s Masters of Travel advisory board meeting brought industry leaders from technology, law, energy, engineering, […]
Finance and Development, Trends
July 28, 2023
Via: Hotel News ResourceNew research from SAP Concur reveals the most pressing challenges facing Canadian business travellers today. Serving as an annual touchpoint to assess the realities of the business travel landscape, the survey uncovers how factors including economic inflation, job security, and […]
Finance and Development, Trends
July 27, 2023
Via: Hotel News ResourceThe weather outside is frightful – with heat! Cold temperatures may seem far off in the distance, but in the travel world, now is the time to think about those cooler days and year-end holidays. AAA travel advisors say even […]
Finance and Development, Trends
July 21, 2023
Via: Smart MeetingsThis summer marks the 30th year event and entertainment production company Empire has been putting on live events across six continents. Founded by J.B. Miller in New York City in 1993, the company has since produced events for corporations, associations […]
Finance and Development, Trends
July 20, 2023
Via: Hotel News ResourceU.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 15 July. 9-15 July 2023 (percentage change from comparable week in 2022): Occupancy: 72.0% (+0.1%) Average daily rate (ADR): […]