Hospitality Net

MAY 1, 2023

However, the Russian invasion of Ukraine in February 2022, which fueled huge increases in energy and food prices, overall inflation and therefore interest rates, resulted in a mixed picture for hotel transactions for the year. billion, total volume in 2022 fell short of 2021 by 18%, with 37 fewer transactions.

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Hotel Owner

JULY 26, 2023

Britain has lost roughly one in 18 of its licensed premises, which makes up 5,736 hotels, pubs, restaurants, bars and cafes, in the last 12 months, according to the new Hospitality Market Monitor from CGA by NIQ and AlixPartners. This drop represents 1,139 net closures in Q2, which is equivalent to 12.5

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Hotel Owner

OCTOBER 20, 2022

Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including hotels, pubs, bars, restaurants and cafes, according to the latest Hospitality Market Monitor from CGA and AlixPartners. High street, suburban and rural locations all recorded the same net decline of 2.1%

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Pricing Marketing 105

Hospitality Net

APRIL 6, 2023

hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable and was the highest since October 2022, according to STR‘s February 2023 P&L data release. EBITDA was the only key bottom-line metric on a per-available-room basis to come in lower than February 2019.

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Hospitality Net

APRIL 17, 2023

While the most markets across Europe experienced a robust hotel performance recovery, the transaction activity recorded only a modest growth in 2022 hampered by the raised cost of financing, economic and geopolitical concerns. Nevertheless, nearly 800 hotels were sold in 2022 worth €18 billion, 2% more than in 2021.

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Marketing 66

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. Closer to home, hybrid hospitality is likely to reap rewards thanks to the continued growth of the consumer preferences that have so far underpinned its success. BHN reports. Stephen McCall , CEO, edyn: .

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Hospitality Net

JANUARY 15, 2024

hotel supply at year-end 2022. Combined, these companies had more than three million rooms or approximately 60% of total U.S. Underlying data used to conduct this analysis is available for purchase here.

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Hospitality Net

APRIL 20, 2023

After two years since the COVID-19 pandemic started, the tourism market in Croatia has almost completely recovered in 2022, with only 2% fewer overnight stays than in 2019. Hotels achieved 5% higher revenues in the summer season than in 2019, primarily due to higher ADR.

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Marketing 65

Hotel Owner

NOVEMBER 13, 2023

for the half-year, which was attributed to the impact of property disposal at the hospitality group. While the group’s operating profit before the impact of property disposals remained flat year-on-year at £8.6m, net debt up until September increased from £61.1m in 2022 to £70.6m. last year to £8.8m

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Hotel Business

FEBRUARY 6, 2023

The leisure and hospitality sector added 128,000 jobs in January—the most of any sector—according to the U.S. The unemployment rate has shown little net movement since early 2022. The unemployment rate has shown little net movement since early 2022. Bureau of Labor Statistics. million, changed little in January.

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Hotel Business

MAY 4, 2023

Hyatt Hotels Corporation , for the first quarter ended March 31, reported comparable systemwide RevPAR was up 43% compared to the first quarter of 2022, or up 6% compared to the first quarter of 2019 for the same set of comparable properties. in the first quarter of 2023 compared to 2022. in the first quarter of 2023 compared to 2022.

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Hospitality Net

JULY 18, 2023

mci group publishes 2022 sustainability report. In 2022 the group helped raise nearly €3.5m for charity, launched 80 client projects about sustainability or with an integrated sustainability approach and organised 3 Net Zero carbon events.

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Hotel Owner

JANUARY 31, 2023

It also refers to fundamental transparency, such as ‘objective and honest information’ that should be provided by tourism suppliers about their destinations and the conditions of travel, hospitality and stays. This is the critical timeline for science-based targets in a hotel’s Sustainability Action Plan.

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Hotel Business

MARCH 13, 2023

The Sustainable Hospitality Alliance (SHA) , which brings together the industry to create a prosperous and responsible global hospitality sector that gives back to the destination more than it takes out, has released the Pathway to Net Positive Hospitality v2.0. An outline of the material topics for the industry.

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Travel and Tourism Definition 52

InnQuest

AUGUST 3, 2023

In the hospitality industry, guest satisfaction is the ultimate goal. To ensure continuous improvement and success, hospitality businesses must adopt effective methods to measure guest satisfaction. The bottom line benefits of guest satisfaction in hospitality industry are customers’ recommendations and repeat business.

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Hotel Owner

MARCH 7, 2023

In a letter addressed to Grant Shapps, the Secretary of State for Energy Security and Net Zero, UKHospitality has reinstated the pressing need for Ofgem to take suppliers to task for their “unscrupulous behaviour” towards hospitality.

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Hotel Owner

NOVEMBER 13, 2023

in 2022 to £200k. Operating profit before disposals remained flat at £8.6m, but net debt rose from £61.1m Acquired by York businessman Nick Bradley in late 2022, the hotel comprises 12 individually designed bedrooms across four floors. Daniel Thwaites Group reported a £60.3m attributed to property disposals.

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Catering Marketing 98

Hospitality Net

JUNE 14, 2023

London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR.

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Hotel Owner

JANUARY 27, 2023

It revealed a total of 389 employees will benefit from their Heartcount Profit Share Scheme, which sees the business take 10% of net profits and share it equally with qualifying team members.

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Hospitality Net

JUNE 9, 2023

Bordeaux is back in the news with the 2022 vintage said to be the best this century. But is it really that good? And, above all, should you buy these wines and at what price? Let’s find out.

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Pricing 70

Hotel Owner

OCTOBER 25, 2023

With recent signings and openings in France, Spain, the UK&I, Austria, Portugal, and Belgium, these additions take Europe’s Voco hotels total number of opened and signed properties to 37, up from 28 at the end of 2022, marking more than a 25% increase in 10 months. The new hotel will be IHG’s first lifecycle net zero carbon hotel.

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Hospitality Net

APRIL 17, 2023

While the most markets across Europe experienced a robust hotel performance recovery, the transaction activity recorded only a modest growth in 2022 hampered by the raised cost of financing, economic and geopolitical concerns. Nevertheless, nearly 800 hotels were sold in 2022 worth €18 billion, 2% more than in 2021.

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Marketing 40

Hotel Owner

JANUARY 11, 2024

Whitbread, the hospitality group, reported an 11% increase in UK Premier Inn accommodation sales during the third quarter of FY24, compared to the same period in the previous year. The hotel, which features a restaurant, bar, and lounge, reported a totalized net turnover of £2.07m for the year ending November 2022.

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Pricing Marketing 94

Hotel Owner

JANUARY 27, 2023

Luxury Lake District Hotel and Spa, Armathwaite Hall has seen a £5m increase in turnover for the 12 months ended 21 March, 2022, up from the £2.7m Hospitality turnover increased from £1.9m The company remains in a strong financial position with net assets of £12.1m reported the prior year. over the same period.

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Marketing 105

Hospitality Net

MAY 2, 2023

Hotel transactions across Europe failed to show the recovery expected during 2022 as confidence was hit by the Russian invasion of Ukraine which fuelled huge increases in energy and food costs, a rise in overall inflation and higher interest rates.

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Hospitality Net

APRIL 17, 2023

Today, Hilton revealed its 2022 Americas Development Awards which recognize the achievements of owners, development partners, and hotel teams in the Americas across several categories.

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Hotel Business

MARCH 4, 2024

Mews , a cloud-based software company that provides property management products and services to the hospitality industry, has raised fresh funding of $110 million. Today, more than 350,000 hospitality spaces are managed via Mews across 5,000 customers worldwide. The new funding values the company at $1.2

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Hospitality Net

AUGUST 3, 2023

This article provides a summary of the current state of the timeshare industry, as well as the outlook in the current environment. We also highlight the benefits of timeshare resort ownership. Lastly, we describe the opportunities for entering this industry.

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Article 96

Hotel Owner

OCTOBER 10, 2022

The 23-bedroom country manor house and spa set in the Cotswolds, near Malmesbury, Wiltshire, is said to be fast becoming a “beacon for sustainable luxury” as the hotel holds a Michelin Green star in recognition of its ‘sustainable gastronomy’, as well as four Rosettes in The AA Restaurant Guide 2022/23.

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Travel and Tourism 105

Hospitality Net

SEPTEMBER 20, 2022

hotel industry reported lower performance from the month prior, according to August 2022 data from STR. August 2022 (percentage change from August 2019): Occupancy: 66.5% (-6.7%) Aver. HENDERSONVILLE, Tennessee - Following seasonal patterns, the U.S.

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Hospitality Net

APRIL 25, 2023

The year 2022 painted a mixed picture for the global hospitality sector. However, inflation, the Russia-Ukraine war, and the “great resignation” negatively impacted the hospitality business in a few countries. As a result, travel demand increased significantly across the globe with people trying to make up for the lost time.

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Serviced Apartments

APRIL 25, 2023

USA: Singapore-based select-service trust ARA US Hospitality Trust has acquired the Home2 Suites by Hilton in Colorado Springs from Chartwell Hospitality for £29 million. Chartwell Hospitality currently manages the property and will continue to do so. per cent for the year 2022.” per cent for the year 2022.”

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Hospitality Net

APRIL 17, 2023

Hilton’s proven growth strategy and network effect continues to deliver results that strengthen the company’s position for the future. We build our business and guest loyalty through a virtuous cycle of geographic growth, tailored brand expansion and chain-scale diversification to serve any guest for any stay occasion, anywhere in the world.

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Hotel Owner

FEBRUARY 22, 2024

For the period ending 31 December 2023, the group’s RevPAR increased 23% and revenues were also up 18% LFL to €5.05bn (£4.33bn) in 2023, compared with 2022. In 2023, Accor opened 291 hotels, corresponding to 41,000 rooms, i.e., net network growth of 2.4% in the last 12 months.

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Events 52

Hospitality Net

JUNE 22, 2023

Canada’s hotel industry reported its highest performance since September 2022, according to STR’s May 2023 data.

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Hospitality Net

SEPTEMBER 21, 2022

The Infor Hospitality team will attend this year’s Global Gaming Expo aka G2E being held at The Venetian Resort in Las Vegas, NV October 11-13, 2022. To say that we’re excited to be there is almost a given. But we are. G2E is an extravaganza where t.

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Revenue Hub

JULY 17, 2023

Source What else is happening in the tourism and hospitality industries? Ramp up of events Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, has recently reported that June meeting and event volume is up 30.3%

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Travel and Tourism Book Article Events 71