Hotel Financing Colorado
88 Key W Aspen Hotel in Colorado Secures Financing
JLL Capital Markets represented Northridge Capital in securing the refinancing
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All Hotel Industry News Page 21
Market Report Wichita
Industry Blog
HVS Hotel Market Report Wichita - Resurgence and Strength: Demand and Supply Growth in Wichita - By Benjamin Giebler
Since 2020, Wichita’s hotel market has experienced a rebound in occupancy and average rate, supported by strong levels of leisure and commercial travel. Demand is expected to continue to grow given the construction of the Biomedical Campus and Riverfront development, although an influx of new hotel supply poses concern for the near-term outlook.
Women In Travel
Women Are a Driving Force for Travel & Tourism, Says WTTC
According to WTTC data, women in tourism comprise a significant portion of the sector's workforce, accounting for nearly 40% of the total employment. his marks a substantial increase from 2010 to 2019.
U.K. Economic Outlook
Reflections from UKHospitality's CEO: A Cut-and-paste Budget
Writing for Propel, UKHospitality Chief Executive Kate Nicholls shared her reflections on an underwhelming Budget.
Global Hotel Industry Performance
STR Weekly Insights on Global Hotel Industry Performance: 25 February - 2 March 2024
Growth in revenue per available rooms (RevPAR) returned to the U.S. following the previous week's decrease. Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. Looking at select top countries elsewhere in the world, strong performance continued with eight of 10 countries seeing positive occupancy gains and six of 10 seeing ADR increases.
U.S. Employment Trends
U.S. Salaries Are Falling. Employers Say Compensation is Just 'resetting' - BBC
Salaries for new roles are stagnating - and in some cases, falling. Some employers may be looking to cut costs, but the lack of wage growth may be a matter of post-pandemic correction.
Online Travel Agencies (OTAs)
A Year in Review: Top Trends Influencing the OTA Industry
To ensure you're able to strategize and build the best distribution mix for your property, it's a good idea to keep up to date with the latest news and opportunities. Here, we share some of the major OTA trends from 2023 that we expect to impact the distribution landscape into 2024.
U.S. Employment Trends
U.S. Unemployment Rate Increases to 3.9%
Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.
Market Report U.S.
U.S. Hotel Performance for Week Ending March 2nd
U.S. hotel performance was mostly positive year over year, according to CoStar's latest data through 2 March.
ITB Berlin
Two Million Visitors Again to the United States
US ambassador Gutmann aiming for 2.5 million by 2028 - high priority for sustainability - Cities focus on the US lifestyle.
Sustainable Travel
How Can We Transform Travel into a Force for Good?
Pollution, overtourism, and local residents displaced by tourists. These are just some of the concerns that have plagued destinations such as Venice, Barcelona, and Hat Maya, the bay made famous by the film, The Beach, in Thailand. But it doesn't have to be this way.
Legislation
Hoteliers Caution New Jersey Lawmakers Against Job-Killing Anti-Hotel Legislation
The American Hotel & Lodging Association (AHLA), hoteliers, and other hospitality stakeholders met with more than 25 New Jersey legislators in Trenton, N.J., Monday to caution that legislation under consideration in the Garden State would drive hotels out of the state and destroy thousands of jobs.
Hotels For Sale Texas
Quality Inn & Suites Seabrook NASA Kemah in Seabrook, TX Listed for Sale
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 60-key Quality Inn & Suites Seabrook NASA Kemah, a limited-service hotel asset in Seabrook, Texas.
Hotel Opening St. Maarten
JW Marriott St. Maarten Beach Resort & Spa Opens
Located a convenient 30-minute drive from Princess Juliana Airport, the resort is easily accessible by commercial airline, private plane, chartered flight, or boutique luxury cruise line.
Hotel Opening Georgia
Everhome Suites Hotel Opens in Newnan, GA
Everhome opens in dual-site property alongside WoodSpring Suites
Hotels For Sale North Dakota
Four Points by Sheraton Williston in Williston, ND Listed For Sale
Tremendous Upside Opportunity in the Bakken Shale Region of North Dakota
Google Search
Joint Industry Statement on Google Search and Article 6.5 of the Digital Markets Act
The changes proposed by Alphabet to Google Search should ensure a level playing field among all market participants and offer the best options to consumers. Concretely, it should not lead to situations where the economic power of large online intermediaries is further entrenched and where consumers are not presented with a variety of choices.
Digital Markets Act
HOTREC: Booking.com Soon to Be Designated As Gatekeeper
The European hotel industry has been long warning of unfair business practices of the largest Online Travel Agent (OTA) and calls for more fairness and transparency in the online accommodation market. We hope that the European Commission will designate the company as a gatekeeper as soon as possible.
ITB Berlin
Personalised Travel Experiences by Means of AI
Schubert Lou, COO of Trip.com, spoke at the ITB Convention about the new priorities of Asian tourists and the opportunities that artificial intelligence offers to the travel industry.
Hotel Development China
Accor Signs Dual-Branded Sofitel and Novotel Hotels in Jinghe New City in Northern Xi'an
Two of Accor's brands - luxury brand Sofitel and signature midscale brand Novotel - will together encompass a 53,000 sqm space with over 420 guestrooms and suites.
Hotel Development Poland
168 Room TRIBE Kraków Stare Miasto to Open 2025 in Poland
Acco today announces the signing of the 168-room TRIBE Kraków Stare Miasto in Poland. Expected to open in 2025, the new construction hotel will be located in the centre of Kraków, and will be the first hotel under the lifestyle TRIBE brand in the country.
Hotel Opening Italy
Bellevue Sardinia Resort to Operate Under the Meliá Umbrella
Meliá Hotels International announces the opening of its first hotel on the island of Sardinia. Located on the beachfront of the Sassari coast in the north of the island, the Bellevue Sardinia Resort Affiliated by Meliá will start operating under the Meliá umbrella before next summer.
Future Of Travel
The Future of Travel Planning is Multimodal and Interactive
In the future travel planning will be supported by personalised travel agents and multimodal online platforms. Examples of this were presented by Dr. Stefan Ebener of Google Germany at the ITB Berlin
Hotel Development Hawaii
The Westin Maui Resort & Spa Completes $160 Million Transformation with the Debut of the Kūkahi Tower
Slated to debut in mid-April 2024, Hana Hou by Westin will be the first resort venue of its kind in Hawaii featuring a 10,000-square-foot social center for guests and the community to gather and enjoy arcade games, Topgolf Swing Suites, a bar & lounge, and more.
U.K. Economic Outlook
UKHospitality Says Spring Budget Contains Very Little for Hospitality Businesses
UKHospitality responds to the Budget