Skip to main content
Advertisement

Hospitality Industry Trends



Diversity And Inclusion

How to Manage Cultural Diversity in Hospitality - A Quick Guide

Globalization, increasing freedom of movement between countries, and the growing interdependence of national economies have boosted cultural diversity in many industries. Nowhere is this paradigm shift more evident than in hospitality. How to manage cultural diversity effectively in hospitality is crucial in light of these changes.



Market Report U.S.

STR Commentary on U.S. Hotel Performance for February 2024

RevPAR improved 2.0% year over year (YoY) in February, reflecting the continued return to pre-COVID patterns of low single-digit gains. Remove Las Vegas from the equation, however, and February RevPAR was down 1.4% YoY. The overall RevPAR increase was due to a solid YoY increase (+3.9%) in ADR, which was partially offset by an occupancy decline of 1.1 percentage points to 58.9%.





Hotel Revenue Management

11 Must-have Features in a Business Intelligence Tool for Hotel Revenue Managers

Due to what seems like an exponential rise in data complexity, combined with a reduction in time and resource, many Revenue Managers feel trapped, unable to extract the actionable insights they need to drive business performance - and the net is tightening. Luckily, hotel Business Intelligence (BI) is to the rescue.












2024 Travel Trends

Skyscanner Releases Regional Travel Outlook 2024

Improved air connectivity and seat capacity are helping to make travel easier, both regionally and internationally, as airlines respond to traveller demand. Plus, interest in Asia-Pacific destinations is continuing to accelerate from its popularity surge last year.







U.S. Airline Traffic Data

December 2023 U.S. Airline Traffic Data Up 9.5% from the Same Month in 2022

U.S. airlines carried 78.7 million systemwide (domestic and international) scheduled service passengers in December 2023, according to the Bureau of Transportation Statistics (BTS). When adjusted for seasonality, December enplanements are up 0.5% from November and reached a new all-time high the all-time high reached in December 2023.