How Taylor Swift is changing travel - The megastar not only had a transformative effect on the music and entertainment industries, but also drastically shaped the world of travel.
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In Europe, most new hotel openings happen via conversions - Major hotel firms that bought or merged before the pandemic are in a good place to capitalize on fresher brands.
Nov 24, 2023 • Hospitality
Soaring hotel prices to hit Paris in 2024 - A report by the Paris tourism office showed that hotel prices would rise by a whopping 314% between the 2023 and 2024 summers.
Nov 22, 2023 • Hospitality
STR lifts U.S. hotel outlook 2023 on higher rates - Stronger group activity and returning international visitors will help offset economic factors, supporting solid RevPAR gains.
Nov 21, 2023 • Hospitality
ADR carried US hotel performance in October - The U.S. hotel industry reported mixed performance results from the previous month, according to October 2023 from CoStar.
Nov 21, 2023 • Hospitality
Marriott shares near-term outlook, long-term optimism - The company predicts global RevPAR for full-year 2024 to be up in year-on-year terms by 14% and internationally by 31% or 32%.
Nov 16, 2023 • Hospitality
PwC tempers U.S. hotel forecast as demand slows - The company softened its projections for U.S. hotel occupancy in 2023 and 2024 amid economic concerns and an uncertain outlook for corporate travel.
Nov 14, 2023 • Hospitality
U.S. hotel profitability reflects gains in corporate demand and groups - A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand.
Nov 9, 2023 • Hospitality