Tag: business

June 28, 2023

The global commerce landscape is amid massive disruption from political, technological, social, and economic perspectives and it all promises to impact the payment landscape in the coming years. Some like inflation and supply chain issues pose substantial challenges while others […]

May 18, 2023

U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May. 7-13 May 2023 (percentage change from comparable week in 2022): Occupancy: 65.1% (-2.0%) Average daily rate (ADR): US$154.90 (+3.4%) Revenue per available room (RevPAR): […]

May 9, 2023

A niche B2B portal, Travepic is go-to source for all the business travel needs. With access to a vast database of hotels worldwide, one can easily search and compare rates to find the best deal for their budget. “We are […]

April 27, 2023

It’s 3 p.m. on a Monday at Homewood Suites by Hilton Largo Washington DC, arguably one of the busiest times for this hotel’s lobby. A guest, having checked in on Sunday, would like to inquire about dinner reservations. They approach […]

April 24, 2023

Bootstrapping is a statistical metric that uses random sample replacements. That definition is not for me, so bootstrapping also has a broader slang meaning that most people get. It means you are stuck or at least unable to take big […]

April 21, 2023

In celebration of Earth Day tomorrow, we are taking a moment to acknowledge some environmentally friendly projects and products that help make the world a better place now and in the future. These 11 new eco-minded products caught the attention […]

April 19, 2023

As far as unique experiences go, Las Vegas has a surplus. After walking out of the hotel lobby, it doesn’t take long to run into something you’ll find interesting. Beyond the endless entertainment and insanely vast guest room selection along […]

April 18, 2023

Yum Brands has exited the Russian market with the completion of the sale of its KFC business to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Audrey Eduardovich Oskolkov, the company said Monday. Both U.S. and […]

April 18, 2023

April 20th is known as the informal national cannabis celebration day, yet it is no longer a day only celebrated by fringe society. With cannabis gaining momentum in state legislations and shedding its stigma to be more visible in mainstream […]

April 14, 2023

Marriott Marquis San Diego Marina, located in the heart of downtown on the San Diego Bay, has announced the completion of its multi-million dollar renovation project. Designed by Boston-based Parker Torres Design, the reinvention emphasizes the hotel’s bayside location with […]

April 6, 2023

The shuttering of regional U.S. field offices appears to be related to the chain’s Accelerating the Arches 2.0 initiative, which includes restructuring to increase McDonald’s efficiency. That program has necessitated job cuts, ahead of which McDonald’s sent home its corporate […]

March 21, 2023

Data Security and Privacy in Hospitality – Who’s Paying the Bill? – By Robert Braun, Co-Chair, JMBM Cybersecurity and Privacy Group; Senior Member, JMBM Global Hospitality Group One of the most valuable assets of a hotel brand is information – […]

March 15, 2023

InterGlobe Hotels announced the launch of their new hotel – ibis Thane, today. The hotel is located on Pokhran Road at the Thane district of Maharashtra, and is a 50 minutes’ drive from Terminal 2 of Mumbai International Airport. ibis […]

March 15, 2023

Denny’s menu update includes in-store touchpoints, as well. The chain redesigned its menu to showcase classic offerings, like Moons Over My Hammy and Build Your Own Burger, alongside new items, including the Mac N’ Brisket Sizzlin’ Skillet and Oven-Baked Lasagna. […]

March 1, 2023

Fondo Italiano and Eulero Capital acquire stake in HNH Hospitality from Siparex Fund manager Fondo Italiano d’Investimento and investment manager Eurelo Capital, through the Fondo Italiano Consolidamento e Crescita (FICC), have taken over an equity stake in Italian operator HNH […]

February 20, 2023

Challenging 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 […]

February 16, 2023

Despite 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 […]

February 2, 2023

The price of hotels showed strength in all regions except the South Atlantic this quarter, with all regions except New England experiencing double-digit growth year over year. Hotels in non-gateway cities posted higher quarterly and yearly gains relative to gateway […]

January 31, 2023

Companies are expected to send more employees on trips and travel suppliers anticipate an increase in corporate travel spending. Sectors such as finance, insurance, professional services, and consulting are showing stronger signs of growth in business travel spending. Despite potential […]

January 11, 2023

A total of 1,006 deals* were announced in the global travel and tourism sector during the 2022, which is a decline of 3.4% over the 1,041 deals announced during the previous year, according to GlobalData, a data and analytics company. […]