eHotelier

DECEMBER 15, 2022

Here are three things that are the top priorities in 2023 for hotel general managers. General managers that put more effort into the commercial work in the hotel will likely steal market share from the competition.

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Marketing 278

Boutique Hotel News

MAY 24, 2023

The post IHIF 2023: David Anderson, Aimbridge Hospitality appeared first on Boutique Hotel News. Filmed at the International Hospitality Investment Forum ( IHIF ) at the InterContinental Berlin.

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Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. According to the CEBR, these preferences, such as the increasing demand for longer trips and remote working spaces, are particularly prevalent among younger generations, indicating a promising outlook for our sector well past 2023.”

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Pricing Marketing Budgeting Training 246

eHotelier

FEBRUARY 16, 2023

This strong tourism rebound is expected to continue well into 2023, though at a slower pace. The outlook for travel to Europe is promising despite global pressures such as high inflation, the war in Ukraine and consequent energy crisis, and the looming economic recession.

Travel and Tourism 243

Travel and Tourism 243

Modern Restaurant Management

MARCH 12, 2024

The United States District Court in the Eastern District of Texas handed down a summary judgement decision, vacating the National Labor Relations Board’s 2023 Joint Employer Rule. ” A separate challenge to the 2023 Joint Employer Rule remains in the D.C. Circuit Court.

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Definition 98

eHotelier

MARCH 21, 2023

Sydney WorldPride 2023 drove the market’s hotel average daily rate (ADR) and revenue per available room (RevPAR) above pre-pandemic levels, while occupancy remained slightly below 2019, according to preliminary data from STR.

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Boutique Hotel News

MAY 30, 2023

The post IHIF 2023: Chris Norton and Shafi Syed, Equinox Hotels appeared first on Boutique Hotel News. Filmed at the International Hospitality Investment Forum ( IHIF ) at the InterContinental Berlin.

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Hospitality Net

APRIL 15, 2024

Hilton revealed its 2023 Americas Development Awards which recognize the achievements of owners, development partners, and hotel teams in the Americas across several categories.

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Hospitality Net

APRIL 16, 2024

Room Mate Hotels, a hotel chain born in Spain in 2005 with a strong international presence, launches its new image and a second brand “Room Mate Collection” backed by a strong 2023 financial year. The chain chaired by Kike Sarasola has closed the year with “zero debt” and a 37% growth in sales and normalized billing of 106.5

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Hospitality Net

APRIL 8, 2024

According to BCD Travel’s Cities & Trends 2023 United States edition, Europe accounts for seven of the 10 most visited intercontinental cities for American business travelers, with London being the most popular. The report is based on BCD flight and car rental data in 2023 in the U.S.

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Accounting 98

Modern Restaurant Management

DECEMBER 27, 2022

Modern Restaurant Management (MRM) magazine contributor Izzy Kharasch of Hospitality Works offers his best planning practices for restaurant operators as we approach 2023.

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Magazine 135

Hospitality Net

APRIL 4, 2024

High inflation and consequential rises in interest rates had major impacts on investment markets throughout 2023, including slowed hotel transaction activity in Europe. There were 6% fewer transactions than in 2022, indicating that the average price per room was also down in 2023. Reaching €10.7

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Pricing Marketing 52

Hospitality Net

APRIL 5, 2024

Following a slow start, hotel investment activity surged in the second half of 2023, exceeding €1 Bn (+74% vs H2 2022). Total investment volumes for 2023 amounted to €1.5 billion (+1% vs 2022), reaffirming hospitality as a leading sector in the Italian real estate market.

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Marketing 52

Lodging Magazine

FEBRUARY 26, 2024

PLANTATION, Florida—Marriott International announced a year of room signings and additions across the Caribbean and Latin America (CALA) in 2023.

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Magazine 109

Hospitality Net

APRIL 10, 2024

In 2023, the hotel transaction volume in Greater Paris reached €1.7 Billion, marking a 27% rise from 2022. The significant increase was primarily driven by The Westin Paris transaction, making up 40% of the total volume, with a price per key exceeding €1.5

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Marketing Pricing 59

Revenue Hub

JANUARY 12, 2024

Subscribe to our weekly newsletter and stay up to date “Travellers showed a continued openness to book directly with hotels in 2023, despite OTAs regaining ground. Expedia and STAAH SwiftBook also remain among the top five distribution channels globally.

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Book Article 96

Hospitality Net

FEBRUARY 1, 2024

The Boston/Cambridge lodging market ended 2023 at 76.4% more rooms in 2023 compared to the prior year; 0.6% occupancy, a 6.8% variance over 2022’s 69.6%. This 6-point increase in occupancy is a result of the market accommodating 8.6% more rooms occupied as compared to 2019.

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Marketing 97

Are Morch

OCTOBER 24, 2022

Travelers are set to make 2023 a big year for getting out and exploring the world. Excited about the year ahead, Booking.com has conducted extensive research to reveal the travel trends of 2023, including where travelers want to go, their inspirations for traveling, and how budget plays a big role in their plans.

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Budgeting 119

Hotel Business

FEBRUARY 20, 2024

for full-year 2023 reported record total revenues growth of 10% to $1.5 31, 2023, respectively, compared to the same periods of 2019. billion for full-year 2023 compared to the same period of 2022. million for full-year 2023, representing diluted earnings per share (EPS) of $5.07. 30, 2023, and 34% from Dec.

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Procurement 64

Fast Casual

FEBRUARY 9, 2024

Placer.ai's Lila Margalit dives into the data behind Shake Shack and Wingstop to reveal why they performed so well during the final quarter of 2023 and what lies ahead for them in 2024.

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Hospitality Net

OCTOBER 16, 2023

hotel fundamentals softened in Q2 2023 as more Americans travelled overseas and inbound international travel recovered only modestly. We expect modest RevPAR growth for the rest of 2023 and early 2024, fueled by improved business and group travel and an increase in international visitors.

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STAAH

JANUARY 9, 2024

Malaysia Top Channel 2023 Malaysia In Malaysia , Booking.com took over the top spot from Agoda, which slipped to the number two spot. STAAH GDS made a re-entry into the top 10 list in 2023- and WebBeds moved up one spot to number nine. The biggest gain was made by STAAH SwiftBook (direct bookings), up three spots to number four.

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Book Business Development 108

Hotel Owner

APRIL 15, 2024

Hotel insolvencies have increased by 19% in the last year, from 127 hotel companies in 2022/23 to 151 in 2023/24, as operation costs have continued to rise, UHY Hacker Young has revealed. Meanwhile, room occupancy among hotels with less than 25 rooms has continued to fall from 69% in February 2023 to 64% in February 2024.

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Travel and Tourism Accounting Pricing 52

Lodging Magazine

NOVEMBER 17, 2023

WASHINGTON—The business outlook for hotels remains strong for the remainder of 2023 thanks to an uptick in business travel and a healthy preference among business and leisure travelers to stay in hotels. According to a survey commissioned by the American Hotel & Lodging Association and conducted by Morning Consult, 68 percent of U.S.

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Magazine 104

EATER

NOVEMBER 7, 2023

Here are the 5 best new cocktail bars in America in 2023, from Superbueno in New York City to Room for Improvement in Portland, Maine.

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Hospitality Net

FEBRUARY 13, 2024

In 2023, we witnessed our industry make an extraordinary shift from resilience to flourishing, we all wrapped our heads around the explosion of generative AI and accompanying technology innovations, and we continued to relish the opportunity to meet in person.

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Presentation 73

Hospitality Net

FEBRUARY 26, 2024

In 2023, outbound travel registered double-digit growth year-on-year, marking another big step in returning to the travel volume of 2019. Compared with 2022, this was a 33 per cent increase, only 12 per cent short of the base year level before the pandemic.

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Hotel Owner

DECEMBER 12, 2023

The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by global property adviser Knight Frank in partnership with HotStats. Full year 2023 occupancy will continue to lag 2019 levels by just 2.6 London’s GOPPAR performance is now 1.7%

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Scheduling Presentation Marketing Pricing 105

Hospitality Net

OCTOBER 30, 2023

The Market Snapshot: Asia Pacific 2023 highlights an overview of transaction activity in the region and presents 25 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

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Marketing Presentation 96

Hospitality Net

JANUARY 26, 2024

Indian Hotels Company (IHCL), India’s largest hospitality company, marks yet another year of accelerated portfolio expansion in 2023 with 32 new hotels signed and 18 new hotels opened. Reinforcing its position as a leader in the hospitality landscape, IHCL’s portfolio at 285 hotels includes an industry leading pipeline of 85 hotels.

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