U.S. Hotels still 193,600 jobs short of pre&pandemic levels amid economy&wide labor shortage Source: hotelnewsresource.com … [Read more...]
Hospitality Financial Leadership & The $600,000 Trash Can
A 30&year hotel vet, David has seen everything, a lot of which he shares in his book, The Prosperous Hotelier. Susan Barry host of the Top Floor Podcast and David talk about railroads, scams, and Russians. Source: hotelnewsresource.com … [Read more...]
U.S. OTAs Pass $100B Revenue Mark for First Time
Online travel agencies based in the United States maintained double&digit year&over&year gains in 2023, passing the $100 billion mark for the first time. Source: hotelnewsresource.com … [Read more...]
Sotherly Hotels Inc. Announces Refinancing and Renovation Plans for Philadelphia Hotel
otherly Hotels Inc. (NASDAQ: SOHO) today announced that the Company has executed an extension which includes amended mortgage loan terms on its first mortgage with TD Bank, collateralized by the DoubleTree by Hilton Philadelphia Airport in Philadelphia, PA. Source: hotelnewsresource.com … [Read more...]
Data Privacy Lawyer Alert: The American Privacy Rights Act & What Does It Mean for Hotel Companies? & By Jim Butler
Hotel companies should be particularly interested in the legislation. While many companies collect personal information from customers, hotel companies want to collect large amounts of personal information & knowing more about guests allows brands and operators to provide better services and increase their value. At the same time, the multitude of state laws, as well as foreign privacy laws, … [Read more...]
U.S. Hotel Management Company Compensation Slows in 2023 & By Robert Mandelbaum and Tim Dick
As U.S. lodging industry performance decelerated in 2023, so did the amount of fees paid by owners to their management companies. Preliminary results from CBRE's annual Trends in the Hotel Industry survey find that total hotel revenue growth slowed to 6.9% in 2023, while GOP inched up by 3.5%. As a result, total management fee payments rose by just 1.2% during the year, well below the double … [Read more...]
Hilton and ResortPass Partner for Day Access To Hotel and Resort Pools, Cabanas and Spas
Today, Hilton (NYSE: HLT) announced a partnership with ResortPass, for booking day access to Hilton's resort and hotel amenities, bringing curated day pass packages to participating Hilton properties across the Americas. Source: hotelnewsresource.com … [Read more...]
AHLA Foundation Hosts Annual ForWard Conference to Advance Women in Hospitality
AHLA Foundation hosted nearly 1,000 attendees from across the hotel industry at the Hyatt Regency McCormick Place for the annual ForWard conference this week. Over three days, industry leaders gathered to share knowledge and hear from dynamic speakers focused on celebrating, championing, and creating community for women in hospitality. Source: hotelnewsresource.com … [Read more...]
Europe Continues to Lure American Travelers with a 34% Jump in Americans Headed Across the Pond This Summer
Nice, France, Makes Its Debut in the Top 10, but London Remains the Crown Jewel Source: hotelnewsresource.com … [Read more...]
Eatertainment on the Rise: How Technology is Playing a Crucial Role & By Joshua Sadigh
Entertainment and competitive socializing transform ordinary hangouts into vibrant and memorable experiences, blending the fun of competition with the joy of social interaction. This growing trend resonates particularly with Millennials and Gen Z, who prioritize experiences over material possessions, seeking moments that foster connections and create fun lasting memories. Source: … [Read more...]
The St. Regis Punta Mita Resort Unveils $45 Million Property&Wide Transformation
The scope of the resort's renovation spans all common areas and public spaces, the introduction of five beachfront villas, redesigned suites and guest rooms, enhancements to The St. Regis Spa, the launch of new restaurants and bar concepts, updates to the resort's outdoor wedding venues and the introduction of the Marietas Pool, featuring expansive vistas to Islas Marietas National … [Read more...]
Rotana Hotels Plans Entry into Five New Countries by 2026
Rotana announced today at the Arabian Travel Market (ATM) its growing pipeline of planned openings in new territories. Source: hotelnewsresource.com … [Read more...]
Cybersecurity Faces an AI Challenge According to GlobalData
The cybersecurity industry faces a challenge that is anything but business as usual. The prospect of offensive attacks using artificial intelligence (AI) is prompting increases in cybersecurity budgets as organizations try to understand the impact of generative AI on their security. Source: hotelnewsresource.com … [Read more...]
Yada Xishan Hotel Yixing Opens As Part of The Unbound Collection by Hyatt
Located in the heart of the Yangxian Ecotourism Resort in Yixing, this enchanting sanctuary marks a significant milestone in The Unbound Collection by Hyatt's brand expansion, as the eighth property to open in Greater China. Source: hotelnewsresource.com … [Read more...]
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...]