Hotel Business

FEBRUARY 29, 2024

represents 39% of the projects in the total global pipeline, while China accounts for 25% of the projects in the total pipeline, resulting in 64% of all global projects in just these two countries. Globally, during 2023, 1,978 new hotels opened, accounting for 292,380 rooms. Following the U.S. At Q4, the U.S.

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Hotel Business

FEBRUARY 15, 2024

Looking ahead, an additional 945 projects, accounting for 98,959 rooms, are slated to commence construction within the next 12 months, reflecting an increase of 12% by projects and 13% by rooms compared to the same period last year. This proactive approach mirrors a keen response to the shifting dynamics of travel. construction pipeline.

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Hotel Business

FEBRUARY 12, 2024

At the close of the quarter, projects currently under construction account for 47% of the projects in the region’s total pipeline, with 922 projects/212,607 rooms. LE analysts forecast another 381 new hotels with 74,341 rooms to open in 2024 and 379 new hotels with 76,422 rooms to open in 2025.

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Hotel Business

JANUARY 4, 2024

As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. In addition, the company paid down its October 2025 maturity term loan to $410 million from $460 million, and paid down $47.6 The company paid down approximately $157.6 million of existing term loans and unsecured private placement notes.

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Hotel Business

NOVEMBER 13, 2023

Furthermore, the luxury, upper-upscale and upscale chain scales each hit peak project counts at the end of Q3 and account for 53% of the projects in the region’s hotel construction pipeline. Next is Vietnam with 243 projects/87,062 rooms, then Indonesia with 212 projects/35,333 rooms.

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Hotel Business

JANUARY 29, 2024

Upper-midscale projects account for nearly 50% of the projects in the total pipeline at Q4 with record-high counts of 132 projects and 13,860 rooms. at the end of 2023 to 1% in 2024 and again in 2025 to 1.1% In 2024, LE forecasts that 29 new hotels/3,698 rooms will open. with 40 new hotels/4,013 rooms expected to open by year-end.

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Hotel Owner

APRIL 22, 2024

Voco Zeal Exeter Science Park remains on schedule to complete in December this year, with official opening planned for January 2025. As part of Zeal Hotels’ full life cycle approach, the group will be accountable not only for Scope 1 and 2 emissions but Scope 3 construction and operation supply chains’ emissions.

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Hotel Owner

DECEMBER 5, 2022

respectively between 2022 and 2025, compared to a national average of 1.4% Over 30,000 new rooms have opened in the UK since the start of 2020, with regional UK accounting for 70% of this new supply. Of these five cities, Glasgow and Manchester are set to record the highest annual supply growth of 5.0% growth forecast.

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Hotel Business

OCTOBER 26, 2023

construction pipeline, accounting for 38% of the projects and standing at 2,149 projects/209,895 rooms at the Q3 close. construction pipeline are extended-stay projects, accounting for 38% of projects in the total pipeline. LE analysts expect new hotel openings to increase in 2024 and 2025, representing a 1.4%

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Hotel Business

NOVEMBER 15, 2023

Combined, these two chain scales account for 53% of projects and 55% of the rooms in China’s hotel construction pipeline. Through the third quarter of 2023, 468 new hotels, accounting for 75,491 rooms, have opened in China. In 2025, the forecast is for 899 new hotel openings with 169,363 rooms.

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Hotel Business

AUGUST 11, 2023

Twenty-seven projects accounting for 3,796 rooms started construction in Q2. Together, these five countries account for 68% of the projects and 69% of the rooms in the total pipeline. Projects currently in early planning stand at 167 projects/24,711 rooms, increasing 17% by projects and 21% by rooms, year-over-year (YOY).

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Hotel Business

NOVEMBER 20, 2023

Upscale projects in Europe are up 3% YOY and account for 26% of projects in the country’s total construction pipeline, settling in at 439 projects/71,178 rooms. Through the third quarter, 241 new hotels, accounting for 32,191 rooms, opened in Europe.

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Hotel Business

NOVEMBER 8, 2023

At the Q3 close, there were 93 new project announcements (NPAs), accounting for 415,416 rooms, marking the largest number of new project and room announcements in Latin America since Q2 2017. These five countries combined account for 68% of all the projects and rooms in Latin America’s construction pipeline.

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Hotel Business

AUGUST 23, 2023

Countries with the largest pipelines in the Asia-Pacific, excluding China, at Q2 are led by India, accounting for 25% of the projects in the total pipeline, with 480 projects/57,161 rooms. These five countries account for 64% of the projects in the region’s total pipeline.

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Hotel Business

AUGUST 30, 2023

Luxury, upper-upscale and the upper-midscale chains dominate the pipeline at Q2, reaching record project counts at Q2 and accounting for 47% of the projects in the total pipeline. Three franchise companies top the global construction pipeline by project count at Q2, accounting for 50% of the projects in the total global pipeline.

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Hotel Business

AUGUST 3, 2023

In the second quarter of 2023, LE recorded a record-high 1,085 conversion projects, accounting for 106,408 rooms. These five franchise companies combined account for 47% of the conversion projects across the U.S. In 2025, LE analysts predict Marriott will open 256 new hotels/29,572 rooms for a 3.1% at the Q2 close. growth rate.

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Workforce Bulletin

FEBRUARY 1, 2023

Emergency Savings Account Beginning in 2024, employers can provide an emergency savings account, or ESA, for non-highly compensated employees. As featured in #WorkforceWednesday : The SECURE 2.0 Act of 2022 (“SECURE Act 2.0”) is a sweeping piece of retirement legislation with complex new provisions.

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Hotel Business

APRIL 24, 2024

These brands now account for 37% of the total projects under construction, 41% of projects scheduled to begin within the next 12 months and 39% of projects in the early planning stage. Looking ahead to 2025, LE analysts anticipate an additional 790 new hotels with 85,561 rooms to open in the U.S., resulting in a 1.5% supply increase.

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Scheduling Accounting Presentation Marketing 59

Hotel Business

OCTOBER 31, 2023

Ontario continues to lead Canada’s hotel construction pipeline with 160 projects and a record high of 22,294 rooms, accounting for 58% of the projects and 59% of the rooms in the country’s total pipeline. These five cities alone account for 43% of the projects and 55% of the rooms in Canada’s total pipeline. room supply increase.

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Hotel Business

FEBRUARY 20, 2024

These five countries account for 51% of the projects in the region’s overall pipeline. LE analysts anticipate a continued strong trend in new hotel openings into 2024, with 348 new hotels and 48,559 rooms expected to open and a forecast of 383 new hotels with 52,337 rooms slated for 2025.

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Hotel Business

AUGUST 24, 2023

Germany, France, Portugal and Turkey are expected to continue to lead Europe with the most hotels forecast to open through 2025. These five global franchises account for 50% of the projects in Europe’s pipeline. These leading countries, combined, are responsible for 52% of the projects and 49% of the rooms in Europe’s total pipeline.

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Hotel Owner

FEBRUARY 21, 2024

These five countries account for 51% of the projects in the region’s overall pipeline. LE said analysts anticipate a continued strong trend in new hotel openings into 2024, with 348 new hotels and 48,559 rooms expected to open, and a forecast of 383 new hotels with 52,337 rooms slated for 2025.

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Hotel Business

APRIL 12, 2023

Full recovery following the pandemic appears likely by late 2024 or early 2025. International trips will account for a larger portion of the recovery this year: The international share of travel costs for U.S. However, international trips and live events are set to account for much of expected growth in 2023.

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Hotel Business

NOVEMBER 21, 2023

Countries with the greatest number of projects in the construction pipeline at the close of the third quarter are led by Saudi Arabia, with 275 projects/67,614 rooms and accounting for 47% of the projects in the region’s total pipeline. Through the third quarter, 22 new hotels, accounting for 6,173 rooms, opened throughout the Middle East.

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Hotel Owner

NOVEMBER 28, 2022

As COP 27 draws to a close, environmental risks dominate the headlines and climate-change-related risks account for three of the top risks by severity in the next 10 years. Be Accountable. Credible measurement and reporting are essential to be accountable and demonstrate year-on-year improvement. Commit Seriously.

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Hotel Business

FEBRUARY 22, 2024

Upper-upscale projects in the Middle East also reached the highest project and room counts ever recorded by LE, accounting for 25% of the projects in the region’s total pipeline, and closed Q4 with 160 projects/41,662 rooms. At Q4 2023, luxury project counts reached an all-time high with 154 projects and 30,421 rooms.

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Serviced Apartments

OCTOBER 10, 2023

Millennial and Gen Z employees (53 per cent each) account for the largest demographic travelling for business in 2024. Hilton announced the launch of its Project H3 extended stay brand in May 2023, with the first property slated to open by early 2025. This is followed by Gen X (38 per cent) and Baby Boomers (26 per cent).

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Events Accounting Book Marketing 59

Mary Gostelow

MARCH 8, 2024

Fans of Windstar are so enthusiastic that some Yacht Club loyalists will book now for the company’s first planned Mystery Cruise, Miami-Miami, Windstar Star Legend, eight days leaving 19th April 2025. This will be, says Prelog, a cruise for those who like adventure, and who don’t want to plan everything out. simplifies the slog.

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Revenue Hub

APRIL 14, 2023

Full recovery following the pandemic appears likely by late 2024 or early 2025. International trips will account for a larger portion of the recovery this year: The international share of travel costs for U.S. However, international trips and live events are set to account for much of expected growth in 2023. One-third of U.S.

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Hotel Business

AUGUST 29, 2023

These cities leading in project counts at Q2 are the Provincial region with 113 projects/25,312 rooms, Riyadh with a record-high 86 projects, accounting for 16,618 rooms and Jeddah with 50 projects/10,995 rooms. The five companies combined account for 57% of the projects in the region’s total pipeline.

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EATER

NOVEMBER 6, 2020

Plus, restaurants might not recover until 2025, and more news to start your day A new study says food production is responsible for a third of global greenhouse gas production. The study accounted for presumed changes in efficiency to equipment, but also for potential changes in global diet. Shutterstock. Fox Business ].

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Hotel Business

AUGUST 7, 2023

Together, these three provinces account for 85% of the projects and 88% of the rooms in Canada’s total pipeline. 2024 is forecast to see 33 new hotels/3,951 rooms open and 2025 will have 43 new hotels/4,537 rooms open, for a 1.1% Next is British Columbia with 52 projects/8,434 rooms, and then Quebec, with 22 projects/2,480 rooms.

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Hotel Business

APRIL 3, 2023

“That’s why we’re strengthening our commitments and continuing to engage our franchisees on the journey. .” “That’s why we’re strengthening our commitments and continuing to engage our franchisees on the journey.

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Modern Restaurant Management

NOVEMBER 12, 2020

Even before COVID-19, the food delivery industry was expected to grow from $43 billion in 2017 to $467 billion in 2025 – now it's expected to be $1 trillion by 2030. In fact, according to The Washington Post , it’s one of the only areas in the restaurant industry seeing growth right now. Flexibility Can Help You Reap Rewards.

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Front of House Marketing Accounting Article 203

Modern Restaurant Management

MARCH 24, 2020

With the restaurant market expecting to exceed $22 billion by 2025 , the high volume of cash and credit cards that pass through a restaurant each day make a POS system a necessity rather than a convenience. Modern-day point-of-sale software functions on its ability to integrate.

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Workforce Bulletin

JULY 14, 2023

Under the Implementation Plan this should be completed by September 30, 2025. It also includes an initiative by the DOD, DOJ, and FBI, to “hold irresponsible states accountable when they fail to uphold their commitments.”

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EATER

APRIL 2, 2024

A more recent report on the adopted minimum pay projected that drivers’ annual earnings after expenses (and accounting for the common practice of working for multiple apps) would rise from $11,970 in 2021 to $32,500 by 2025.

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