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): […]
Finance and Development, Trends
July 10, 2023
Via: Hotel News ResourceAmong key hotel markets in Middle East & Africa, Jordan and Qatar realized the only month-over-month gross operating profit per available room (GOPPAR) improvements, according to STR’s May 2023 P&L data release. Jordan’s GOPPAR level reached US$66.77 in May, showing […]
Finance and Development, Trends
July 7, 2023
Via: Hotel News ResourceWhile high-profile events like CES and SXSW often dominate the headlines, a thriving ecosystem of smaller, targeted events caters to specific audiences. These highly specialized gatherings attract attendees with their own particular requirements, customers, interests, and products. The popularity of […]
Finance and Development, Trends
July 6, 2023
Via: Hospitality DesignTwo panels, What Owners Want and Investor Outlook on the State of the Industry, at HD Expo + Conference 2023 highlighted the challenges affecting hospitality today. From money constraints to slowing supply growth and high interest rates, no topic was […]
Finance and Development, Trends
July 3, 2023
Via: Hotel News ResourceTo fully understand how things are looking like in Asia Pacific, we need to take a step back and look at how things have progressed across the 4 key global hospitality regions over the past 40 months. In January 2020, […]
Finance and Development, Trends
June 27, 2023
Via: Hotel News ResourceIn the highly competitive world of hospitality, it’s crucial for you to understand and analyse the key performance indicators regarding hotel revenue. One such metric that holds significant importance is Revenue per Available Room (RevPAR), it is the most commonly […]
Finance and Development, Trends
June 23, 2023
Via: Hotel News ResourceNew data from SiteMinder, the world’s leading open hotel commerce platform, suggests Spain’s hotel sector could be facing a historic summer of bookings. Hotel booking volumes in Spain are currently 17 percent higher than at the beginning of summer 2019, […]
Finance and Development, Trends
June 16, 2023
Via: Hotel News ResourceIn Q4 2022, STR launched the Hospitality Industry Sentiment (HIS) survey, a new quarterly study of travel industry professionals. With the second edition of this survey completed in Q1 2023, new insights and sentiment trends reveal a subtly shifting landscape […]
Finance and Development, Trends
June 13, 2023
Via: Hotel News ResourceThe time is now for the global travel industry to enact meaningful changes for the climate, according to a newly released report, “The State of Climate Action in Business Travel – Global Industry Barometer 2023,” from the GBTA Foundation, the […]
Finance and Development, Trends
June 12, 2023
Via: Smart MeetingsLooking into the desires of incentive travel attendees The term “incentive travel” is full of positive associations: Taking a trip abroad, creating memories with favored colleagues or exploring a culture you never would have otherwise. Not only does this have […]
Finance and Development, Trends
June 9, 2023
Via: Smart MeetingsNew York City’s smoke haze cleared to “moderate” levels on Friday, however, officials warn of potential “new normal” similar circumstances as Canada’s wildfire season doesn’t officially start until August. In New York City, officials were warning that minute particles toxic […]
Finance and Development, Trends
June 5, 2023
Via: Hotel News ResourceThe hotel distribution landscape is facing potential transformation, driven in part by the entry of fintech and big banks. As the industry looks ahead, several other key factors such as Artificial Intelligence (AI), data privacy, regulatory changes, and evolving distribution […]
Finance and Development, Trends
May 24, 2023
Via: Hotel News ResourceExecutives in the travel business anticipate that international travel is finally back in 2023, especially with China travelers emerging from lockdown to traverse the world once more. Matt Goldberg, president and CEO of Tripadvisor, said on his company’s first-quarter earnings […]
Finance and Development, Trends
May 12, 2023
Via: Hotel News ResourceAs we move into the period between spring and the post-Memorial Day summer kickoff, U.S. hotel industry occupancy showed an expected and modest decline of 1.4 percentage points (ppts) from the prior week. Performance remained strong relative to last year […]
Finance and Development, Trends
May 11, 2023
Via: Hotel News ResourceNew insights from the Mastercard Economics Institute reveal that consumers are taking advantage of a more traditional travel ecosystem in 2023, prioritizing leisure travel and pioneering new corridors around the world. Released today, Travel Industry Trends 2023 delivers key insights […]
Finance and Development, Trends
May 2, 2023
Via: Hotel News ResourceThe hotel industry has been overlooking the impact of short-term rentals on their business for some time, perceiving it as a niche form of lodging that would not affect traditional hotel stays. However, the rapid growth of short-term rentals, led […]