U.S. hotel forecast revised upward - CBRE has again raised its forecast for U.S. hotel performance, expecting average RevPAR to be up 6% year-over-year.
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New Amadeus report highlights pace of change in hospitality industry - Traveler expectations have changed over the past four years, and the hospitality industry of 2023 is not that of 2019.
May 25, 2023 • Hospitality
Tripadvisor reveals top-rated hotels in 2023 - Tripadvisor announces the winners of its 2023 Travellers’ Choice Best of the Best Hotel Awards.
May 24, 2023 • Hospitality
STR: April U.S. hotel occupancy slips, rates moderate - Among STR’s top 25 markets, New York reported the highest occupancy level in April at 82.6%.
May 24, 2023 • Hospitality
Travelers find cheaper alternatives to lodging - Travel rates are rising, and are now higher than before the pandemic, but consumers are finding creative ways to save money and still vacation.
May 23, 2023 • Hospitality
Most Americans likely to stay in hotels this summer - Thinking about the summer ahead, most adults report being more likely than they were in 2022 to stay in a hotel.
May 23, 2023 • Hospitality
PwC: Business travel and groups expected to offset softening leisure demand - Increasing economic headwinds to impact hotel performance for balance of this year and into 2024.
May 23, 2023 • Hospitality
Hotel companies raise 2023 revenue expectations - A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to RevPAR projections.
May 17, 2023 • Hospitality