Finance and Development, Trends
March 10, 2023
Via: Hotel News ResourceThe off-season can be a challenging time for hoteliers, but there are several ways to make the most out of this time and turn it into a profitable period. Here are some tips for hoteliers to make the most out […]
Finance and Development, Trends
March 9, 2023
Via: Hotel News ResourceDecreasing guest satisfaction in the hospitality industry is one of the symptoms of hotels not having the staff to keep up with consumers’ shifting demands. To alleviate both, hoteliers are leaning on new technology and unique designs to appeal to […]
Finance and Development, Trends
March 7, 2023
Via: Hotel News ResourceAustralian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new […]
Finance and Development, Trends
March 6, 2023
Via: Hotel News ResourceThe World Travel & Tourism Council (WTTC) has today launched the Hotel Sustainability Basics (Basics) verification scheme. Announced at ITB Berlin, Basics will enable tourist accommodation providers from around the world, regardless of their size, to begin their sustainability journey. […]
Finance and Development, Trends
March 1, 2023
Via: Hotel News ResourceKeyword research for hotels is the backbone of any hotel SEO strategy. Ranking for the right keywords can greatly impact a hotel’s success, but choosing the right keywords to target can be tricky. Here are some keyword research tips to […]
Finance and Development, Trends
February 28, 2023
Via: Hotel News ResourceHilton Garden Inn has announced the opening of its 50th property in Greater China. Hilton Garden Inn Beijing Haidian Daoxiang Lake marks the brand’s first hotel in the Chinese capital. First launched in Greater China in 2014, Hilton Garden Inn […]
Finance and Development, Trends
February 27, 2023
Via: Hotel News ResourceCompeting against large hotel chains and OTAs with extensive marketing budgets can be intimidating for independent lodging businesses. To stand out online and attract travelers, you must develop creative and compelling ad campaigns and use them strategically. With demand expected […]
Finance and Development, Trends
February 24, 2023
Via: The World of HospitalityWhile COVID-19 had a greater negative impact on the travel industry than either the 9/11 terror attacks or the Great Depression, global travel is back on the upswing. Hotels are staffing up, making new investments, and opening new properties. The […]
Finance and Development, Trends
February 22, 2023
Via: Hotel News ResourceTravel data firm, ForwardKeys, latest air ticketing data reflects a better year for travel retailers and airports as post-covid consumer preferences swing in a more premium direction. And despite the economic slowdown, business travel continues. As airlines and airports are […]
Finance and Development, Trends
February 21, 2023
Via: Hotel News ResourceNew data released by the U.S. Department of Commerce reveals the country’s travel trade surplus slipped to just $4 billion in 2022—down from an all-time high of $85.9 billion less than a decade ago, underscoring the urgent need to rebuild […]
Finance and Development, Trends
February 20, 2023
Via: Hotel News ResourceChallenging global economic conditions and their implications reflected their impact on the travel and tourism sector’s deal activity in the first month of 2023. A total of 38 deals (comprising merger and acquisition, venture financing and private equity deals) were […]
Finance and Development, Trends
February 20, 2023
Via: Hotel News ResourceTravel is at full throttle with growth rates through the roof as the industry powers ahead with its recovery from the COVID-19 pandemic, yet now faces significant headwinds from the cost-of-living crisis. To weather the latest storm, travel brands and […]
Finance and Development, Trends
February 16, 2023
Via: Hotel News ResourceResearch by the World Travel & Tourism Council (WTTC) has revealed that within the next decade, Beijing will overtake Paris to become the world’s largest Travel & Tourism city destination. The report, sponsored by Visa and researched in partnership with […]
Finance and Development, Trends
February 16, 2023
Via: Hotel News ResourceDespite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets. A recent example of […]
Finance and Development, Trends
February 16, 2023
Via: Hotel News ResourceLabor-related issues and energy/utility costs are among the top challenges on the mind of global hotel and travel industry professionals, while leisure demand and increased guest spending are seen as the biggest strengths, according to a new survey from STR. […]
Finance and Development, Trends
February 14, 2023
Via: Hotel News ResourceThe storm clouds of a global recession are still looming large on the horizon. Headlines about the impending downturn bring back memories of 2008. Back then, several quarters of negative economic growth brought uncertainty and turbulence to most business sectors. […]
Finance and Development, Trends
February 13, 2023
Via: Hotel News ResourceIn the wake of the pandemic, everything has changed, and seismic shifts have happened in the hospitality industry. Guests now expect hotels to go the extra mile, providing stays that offer a great, convenient experience and make them feel unique […]
Finance and Development, Trends
February 10, 2023
Via: Hotel News ResourceNewly released data from SiteMinder, the world’s leading open hotel commerce platform, highlights the increase in outbound reservation volumes from mainland China following the country’s relaxation of travel restrictions on January 8. SiteMinder, which generates more than 100 million reservations […]
Finance and Development, Trends
February 8, 2023
Via: Hotel News ResourceAccording to data compiled by STR, in recent years, the luxury segment has fallen 2–5% behind the Washington, D.C. market average in occupancy, while luxury rates have paced roughly $150 to $200 above average. This rate difference is largely due […]
Finance and Development, Trends
February 6, 2023
Via: Hotel News ResourceThe U.S. Travel Association last week launched a new quarterly press conference, led by the association’s President and CEO Geoff Freeman and incoming U.S. Travel National Chair and Hilton President and CEO Chris Nassetta. Together, they offered an industry perspective […]