Fall brings group, business travel back - Group business is back, business-transient demand is boosting hotel average daily rates and U.S. cities are enjoying their comeback.
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Marriott's Q3 profit rises on higher room rates, group travel - Demand in Q4 may not be enough to offset higher expenses due to higher staffing levels and lower non-room revenues.
Nov 3, 2023 • Hospitality
New York is too expensive to even visit - The city has cracked down on hotel construction and short-term rentals, with predictable results.
Nov 3, 2023 • Hospitality
Investors targeting Italy's hotel market - Italian hotel industry is still highly independent and non-brand-affiliated, but now the market is turning to a new chapter.
Oct 26, 2023 • Hospitality
Hilton raises annual profit outlook on strong travel demand - The hotel operator said its third-quarter revenue per available room rose 6.8% from a year earlier.
Oct 25, 2023 • Hospitality
Rising hotel rates barely keeping up with inflation, says IHG - Room rates have not exceeded inflation in any of its markets, says InterContinental Hotels Group.
Oct 24, 2023 • Hospitality
STR: U.S. September hotel rates rise, occupancy slips YOY - The U.S. hotel industry reported higher performance results from the previous month, according to September 2023.
Oct 24, 2023 • Hospitality
Hilton research identifies new generation of Asian travelers - ‘GenerAsian traveler’ are inspired by self-discovery and have a desire for a deeper understanding of their own cultural heritage through travel.
Oct 18, 2023 • Hospitality
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