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 […]
Finance and Development, Trends
May 1, 2023
Via: Hotel News ResourceThe U.S. hotel industry posted its second highest occupancy rate of the year at 67.2%. That level was just shy of the 2023 occupancy peak (67.5%), set during the week of 12-18 March. Occupancy jumped 3.0 percentage points (ppts) from […]
Finance and Development, Trends
April 26, 2023
Via: Hotel News ResourceIn case you haven’t noticed – the hospitality industry is short on labor. Perhaps this statement comes as no surprise; after all, hospitality is notorious for exceedingly high turn-over amongst talent. According to Hospitality Net, the average turnover rate in […]
Finance and Development, Trends
April 20, 2023
Via: Hotel News ResourceSince early 2023, ChatGPT has dominated the conversation in technology. Many have described this new AI tool as a “seismic shift” and “the biggest thing since the Internet.” To demonstrate the capability of ChatGPT, most of this article was generated […]
Finance and Development, Trends
April 19, 2023
Via: Hotel News ResourceKey markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data. “While typically slower during Ramadan, leisure travel within the Middle East is set to resume […]
Finance and Development, Trends
April 13, 2023
Via: Hotel News ResourceDaiwa House REIT has Acquired MIMARU Tokyo Akasaka for JPY3.1 Billion Japan-based Daiwa House REIT Investment Corporation (“Daiwa House REIT”) has acquired MIMARU Tokyo Akasaka from Japan-based Fuyo General Lease Co., Ltd. for JPY3.1 billion. The 11-storey hotel is located […]
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 […]