The outlook for travel over the next months looks bright. Americans’ excitement for travel is at record levels and travelers’ reported average expected annual travel spending hit $4,677. American travelers say they will prioritize leisure travel in their household income’s spending in the coming months–over home improvements, clothing, entertainment and even dining out in restaurants.
Source: hotelnewsresource.com
Two Hyattbranded Hotels to Open in Madinah As Hyatt House Madinah KEC and Hyatt Centric Madinah KEC
Hyatt signs agreement with Knowledge Economic City for two new Hyatt&branded hotels in the Kingdom of Saudi Arabia Source: hotelnewsresource.com … [Read More...]
Asia Pacific Real Estate Investment Increases by 13% in Q124
Investment volumes in the first quarter of 2024 totalled US$30.5 billion, representing the only region globally to see year&on&year growth Source: hotelnewsresource.com … [Read More...]
HVS India Hospitality Industry Overview 2023 & By Mandeep S Lamba, Dipti Mohan and Dhwani Gupta
This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024. Source: hotelnewsresource.com … [Read More...]
Global Hotel Investors Plan to Buy More This Year
CBRE Releases Global Hotel Investor Intentions Survey 2024 Source: hotelnewsresource.com … [Read More...]
Wendy Hollander Named Chief Administrative Officer for HVS Executive Search
HVS Executive Search announces the promotion of Wendy Hollander to Chief Administrative Officer. Source: hotelnewsresource.com … [Read More...]
Travel & Tourism Injected €215BN into Italian Economy
Employment and international visitor spend breaks all records Source: hotelnewsresource.com … [Read More...]
WTTC Hotel Sustainability Basics Reaches 3,400 Verified Properties
2024 set to be a historic year for the sustainability initiative Source: hotelnewsresource.com … [Read More...]
Hotel Industry Expert Predictions for Occupancy and ADR Hold Steady, Even with Declining Confidence in Demand
Compared to the previous iteration of this study in Q4 2023, overall business confidence for the next 12 months has held steady, with 35% of respondents rating their confidence at an '8' or higher on a 10&point scale. Source: hotelnewsresource.com … [Read More...]
InterContinental Hotels Group Reports Q1 Trading Results
InterContinental Hotels Group reported its first-quarter trading results, highlighted by global RevPAR gains and significant system-wide growth. Specific highlights include the following: ● Q1 global RevPAR +2.6 percent YOY, with Americas -0.3 percent, EMEAA +8.9 percent and Greater China +2.5 percent ● Average daily rate +2.3 percent, occupancy +0.2 percent pts ● Gross … [Read More...]
Lark Hotels opens Stilwell Hotel
Lark Hotels has opened the Stilwell Hotel in Carmel-by-the-Sea, CA. The property features 42 guestrooms, as well as several custom fountains, including a 20-by-18-ft. living water wall. “Carmel-by-the-Sea has an innate charm and a warmth that we have always been drawn to,” said Lark Hotels CEO Peter Twachtman. “We’re proud of Stilwell Hotel’s embodiment of that warmth and hope locals and visitors … [Read More...]