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Today's Brief
STR maintains U.S. hotel forecast 2024 projections - For 2024, growth in ADR was raised by 0.1 percentage points, while occupancy and RevPAR were unchanged from the previous forecast.
Jan 23, 2024 • Hospitality
Signs of maturation of the U.S. lodging industry are abundant - Traditional hotel room unit growth is slowing, margins and profits are under pressure, RevPAR growth is not keeping pace with inflation.
Jan 23, 2024 • Hospitality
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Marriott’s 3 big challenges - Despite doubling its room count over a decade, the company remains optimistic about the company's growth potential, betting that high-margin luxury hotels and a tech revamp will help sustain fat fees.
Jan 23, 2024 • Hospitality
Travel will slow in 2024 - Revenue growth will finally decelerate from red-hot growth. But that's not a sign of weakness. It's a return to normal – and that's a good thing.
Jan 23, 2024 • Travel
Hilton launches food and beverage consultancy - Stir Creative Collective will develop original F&B concepts and brands for Hilton’s affiliated partners and independent hotel operators.
Jan 23, 2024 • Hospitality
How AI is automating the entire hotel guest journey - AI-driven systems are designed to manage guest communication throughout the stay, ensuring that guests receive timely and effective service despite the staffing challenges.
Jan 23, 2024 • Hospitality
... in case you missed it, our Daily Brief January 22, 2024
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