U.S. hotel RevPAR gains running out of steam - While still growing year over year in single-digit percentages, RevPAR is "just ahead" of last year, indicating signs of slowing or stabilizing.
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U.S. meetings and events growth for June at 30% - The top 25 markets in the U.S. are 90 percent recovered for year-to-date June 2023 performance compared to 2019.
Jul 13, 2023 • Hospitality
Robust hotel pricing trends amidst shifting global dynamics - OTA Insight released its mid-year report on the state of global hotel pricing, showing a notable rebound in ADR for the global hotel industry.
Jul 12, 2023 • Hospitality
Can the post-pandemic travel boom endure? - Tourists are swallowing higher prices but ever tighter household budgets pose risks for hotels and airlines.
Jul 7, 2023 • Hospitality
Deloitte on luxury hospitality's staying power - As people return to vacation mode post-lockdowns, luxury hospitality is experiencing a boom in business and investor interest.
Jul 7, 2023 • Hospitality
U.S. hotel GOPPAR declined in May - Decline primarily due to weak revenue growth coupled with substantial labor costs, according to STR‘s May 2023 data.
Jul 7, 2023 • Hospitality
The challenges affecting hospitality today - Rates are not what they were a few years ago. Inflation has taken its toll. The ability to get money is strained.
Jul 7, 2023 • Hospitality
European hotels on track for record-breaking year, says Booking.com - Half of European hotels expect 2023 to be the year of the highest revenue in the history of their establishment.
Jul 6, 2023 • Hospitality
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