Tag: business

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. […]

January 9, 2023

The skills required to succeed in hotel group, event, and BT sales are going to be hugely different here in 2023, but the disruptions that have caused these changes began much earlier. Traditionally, succeeding in hotel sales was more about […]

December 28, 2022

The American Hotel & Lodging Association (AHLA) and the Hospitality Financial and Technology Professionals Association (HFTP) announced today a 10-year agreement to jointly produce the Uniform System of Accounts for the Lodging Industry (USALI). The USALI is used all over […]

December 28, 2022

Schroders acquires two Hoxton hotels in Amsterdam and Paris from Sharan Pasricha London-based investment manager Schroders has completed the acquisition of the 172-room The Hoxton, Paris and the 111-room The Hoxton, Amsterdam from entrepreneur Sharan Pasricha, founder and Co-CEO of […]

October 5, 2022

Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, has officially opened the doors to its first resort hotel in Europe. Located in Mallorca, Kimpton Aysla Mallorca emulates a sanctuary of luxury and wellness and […]

September 9, 2022

NewcrestImage has reached definitive agreement to purchase 45 hotels from a private investment firm. Terms of the transaction were not disclosed. The portfolio totals approximately 3,300 rooms and includes 35 Marriott-branded, seven Hilton-branded, two Choice-branded, and one Radisson-branded properties, which […]

September 8, 2022

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels in over 95 countries, today announced its acquisition of the Vienna House brand for €44 million ($44 million) adding an upscale and midscale portfolio of approximately […]

September 8, 2022

If talent acquisition is the most important thing happening today, how do we put that into our business planning strategy for 2023? Do we need robots? Perhaps we do, especially for mundane tasks such as delivering basic items to guest […]

August 29, 2022

Housekeeping has always operated in the shadows. Their work is often thankless, turning a messy room back to perfection like the previous night never happened. As an industry, the guest is at the heart of everything we do and having […]

August 23, 2022

There’s always a feeling of anticipation when boarding a plane towards a new destination and a long-awaited vacation. This year, long lines, lost luggage, and oversold flights have left travelers feeling frustrated and exhausted instead of relaxed and excited. Navigating […]

August 8, 2022

Staff shortages, airport chaos and higher fuel costs have caused earnings at U.S. airlines like JetBlue Airways to land below analysts’ expectations while hotel chains including Marriott International are reporting double-digit profit growth. Despite cutbacks in other categories due to […]

August 8, 2022

All of Germany’s 9 key hotel markets still suffered significantly in 2021. However, 6 out of the 9 top cities were able to record improvement in occupancies. Hotel real estate specialist Christie & Co reviews an eventful year in Germany’s […]

August 3, 2022

Corporate travel was resurgent heading into the summer 2022 holiday hiatus as companies found themselves released from the shackles of Covid. “From mid-February we saw an exponential growth in demand when the UK border reopened and restrictions fell away,” says […]

July 18, 2022

This summer was supposed to mark the rebirth of commercial aviation after two years of travel restrictions left the industry nearly in hibernation. Instead, it is turning into one of the most chaotic travel seasons in decades. Flights are being […]

July 15, 2022

Resort & Spa, the latest family-friendly luxury offering from Mexican tourism pioneers, Royal Resorts®, has officially opened its doors. In celebration of the highly anticipated launch of the beachfront property located in the world-famous Cancun Hotel Zone, travelers can take […]

July 13, 2022

Melbourne’s hotel industry was back on the recovery track with higher performance from the prior month, according to preliminary June 2022 data from STR. The occupancy level was well below the 2019 comparable (72.2%) while ADR was up by AUD42. […]

July 6, 2022

Greek concept Avra Estiatorio has opened its third New York outpost within the historic Time Life Building at Rockefeller Center in Manhattan. Spread across 16,500 square feet, Avra Estiatorio Rockefeller Center comprises three floors and an alfresco space overlooking 6th […]

June 23, 2022

Following the easing of global COVID-19 restrictions, mentions in filings of ‘business travel’ per company* across sectors rose 17% in 2021 and have risen a further 4% in 2022**, suggesting that companies are looking at resuming business travel, according to […]