Softer Leisure Demand, Mix Shift Pressure U.S. Lodging Fundamentals
Fitch Ratings-New York-20 September 2023: U.S…
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The Dutch hotel market has largely recovered from the corona crisis, the occupancy rates have not yet fully recovered, but are improving strongly. Partly due to high inflation, average room prices have risen to record levels…
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Hyatt Wins BTN Hotel Survey for Traditional Hotel Brands
Hyatt, Hilton and Marriott — In that order—took the top three spots in BTN's corporate travel buyer survey of traditional hotel partners. U.K.-based IHG Hotels & Resorts placed fourth and French hotel giant Accor placed fifth…
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EU tourism at a decade high in the first half of 2023
The EU tourism industry is experiencing a strong recovery from the impact of the COVID-19 pandemic…
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Algarve Average Hotel Occupancy In August 2023 Down Compared To 2022
THE hotel industry in Portugal’s Algarve region recorded a drop of 2.3 per cent in August 2023 compared to the corresponding month of last year…
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Hotels in the United States saw general pressure on profit margins in the first half of 2023, with Gross Operating Profit (GOP) margin falling by 1 percentage point compared to the same period in 2022…
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Three chain scales hit record-high project counts in the global pipeline at Q2
As of the conclusion of the second quarter, there are a total of 6,154 projects comprising 1,108,498 rooms currently in the construction phase worldwide…
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Hotels get creative as the hospitality labor market remains tight
One takeaway from the national jobs report that came out last week is that the recent hiring frenzy is cooling off. But there remain key pockets of growth in the labor market, such as leisure and hospitality…
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Global Hotel Construction Pipeline Rose 3% YOY in Q2
Portsmouth, NH, August 31, 2023-In the Q2 2023 global construction pipeline trend report from Lodging Econometrics (LE) analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238, up 3% year-over-year (YOY) by…
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Reinforcing tailwinds: Cashing in on PHL hotel sector’s recovery
Colliers Insights - REVENGE spending, dining, and travel continue to lift the country’s tourism sector…
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Hotel Operator Beat H1 2023 - Czech Republic
Prague in the centre of hotel operators' interest, its performance above pre-pandemic levels
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HOTELS IN THE U.K ARE REBOUNDING TO PRE-PANDEMIC LEVELS
U.K. hotels are amid a post-pandemic recovery, a Knight Frank study reveals…
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LOWER-THAN-EXPECTED summer demand will affect U.S. hotel performance, resulting in a second quarter RevPAR shortfall, according to CBRE…
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A focus on the margins: US hotel performance in the first half of 2023
Both the luxury and midscale and economy segments exhibited the greatest year-on-year margin declines.
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Podcast - How Hoteliers Are Rethinking the Revenue Metric Dilemma
In this episode the second of a mini-series on revenue management and pricing strategies, we speak with Radisson, Preferred Hotels and IDeaS RMS about the hotel performance metrics and how they are changing…
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Report: Boutique hotel occupancy outpaces all U.S. hotels
Boutique hotels continue to report solid occupancies and healthy ADRs, and collectively achieved increases in all performance indicators through June, according to the Boutique Hotels: Mid-Year 2023 report from The Highland Group…
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The most popular cruise destinations among Brits, with Norway hitting top spot
New research has discovered the most popular cruise destinations among Brits, with Norway taking the top spot…
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Leisure and hospitality hiring slows after eye-popping growth
Change in leisure and hospitality payrolls - There's one sector where hiring moderation is clear: leisure and hospitality.
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