Hotel Business
APRIL 8, 2024
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the U.S. Travel & Tourism sector has contributed more to the U.S. government continues to look at forward-looking policies and investment to further drive international travel spend, according to WTTC.
Hotel Business
JANUARY 25, 2024
JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. In 2024, the most-sought-after hotel assets will continue to be luxury properties, as well as those in the select-service and extended-stay sectors.
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Revenue Hub
DECEMBER 8, 2023
As we approach 2024, the hospitality industry’s landscape is set to undergo significant transformations characterized by increased personalization, automation, AI, and cybersecurity, just to name a few. To stay relevant and resilient in 2024 and beyond, here are five key hospitality trends and the innovations they’re supported by.
Hotel Owner
OCTOBER 26, 2023
The QHotels Collection has appointed Paula Turton as national account director for leisure and Lucy Whittington as leisure sales support executive. In her new role, Turton will oversee all domestic and inbound travel trade. Whittington will work alongside Turton, facilitating the booking process for clients.
Revenue Hub
OCTOBER 20, 2023
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? We are looking at the momentum continuing in 2024.”
Hotel Owner
APRIL 15, 2024
Meanwhile, room occupancy among hotels with less than 25 rooms has continued to fall from 69% in February 2023 to 64% in February 2024. Hotels are also affected by the number of international tourists travelling to the UK, which has still not reached pre-pandemic levels as of Q3 2023 at 10.9m. This is 8% less than Q3 2019.
Hotel Owner
OCTOBER 26, 2023
PPHE Hotel Group is on track to open new properties, including the art’otel London Hoxton in early 2024, contributing to a positive outlook for the full-year revenue, expected to reach at least £400m, and EBITDA of at least £120m. Whittington will work alongside Turton, assisting in the booking process for clients.
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