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Marriott outlines three-year growth plan

Hotel Business

presented the company’s three-year financial model through 2025 at its meeting with institutional investors and security analysts today at the W South Beach in Miami Beach. million rooms by year-end 2025. billion in 2025. billion in 2025. billion over the three-year period through 2025. billion to $5.8

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Pebblebrook extends 2024 term debt to 2028

Hotel Business

As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. Pricing on all the company’s term loans remained unchanged and is based on a pricing grid of 140 to 245 basis points over the applicable adjusted term SOFR. Following these debt activities, the company has approximately $2.2

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UK hotel market recovery exceeds expectations in FY22

Hotel Owner

Despite international visitor arrivals remaining lower than pre-pandemic, the ability to drive rates within a high inflationary environment saw ADR surge 22% ahead of 2019 prices. respectively between 2022 and 2025, compared to a national average of 1.4% growth forecast.

Marketing 105
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Deloitte: Business travel begins to take off

Hotel Business

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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Business Travel Takes Off But Full Recovery Still Delayed

Revenue Hub

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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How to Fight Rate Disparity and Keep Room Rates in Check

Revenue Hub

Rate parity, or disparity in the case of the hotel industry, is the difference between prices quoted on a hotel’s branded website versus the prices quoted by an online travel agent such as Booking.com. In 2021, OTAs accounted for 52% of the hotel online market, but the share is expected to decline to 48% in 2025.

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How did the cost of food delivery get so high?

EATER

Menu prices are almost always more expensive than ordering directly from restaurants. For restaurants, there’s a price as well. It’s unclear how these meaningfully differ from the catchall service fee, a portion of which can also cover worker pay — except that the labeling points the finger at the law for higher prices.

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