OTAs Q1 marketing spending shows wide variance - Along with spending a far smaller percentage of its revenue on marketing, Airbnb called out different strategic goals than both Booking.com and Expedia.

Jun 7, 2023 • Hospitality

How to maximize revenue at any size hotel - Generating additional non-rooms revenue isn’t reserved exclusively for high-end, full-service properties with lots of space to activate.

Jun 7, 2023 • Hospitality

Hotel CEOs loving limited rooms and high prices - Many travelers complain about today’s hotel prices. For the last six months, prices in Paris are 50% and in London 30% above 2019 levels.

Jun 7, 2023 • Hospitality

US hotel developers run out of cash as construction lending dries up - Financial stress on regional banks has forced developers to postpone projects or find other creative ways to raise capital.

Jun 7, 2023 • Hospitality

Malaysian island Penang bans short-term lets - Airbnb appealed against the legislation and while some homeowners will struggle with the lost income, other residents welcome the ban.

Jun 6, 2023 • Hospitality

STR lifts U.S. ADR and RevPAR forecast - While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

Jun 6, 2023 • Hospitality

Marriott CEO on new paths for growth - Anthony Capuano wants to see the company expand faster internationally in hotel count and loyalty membership.

Jun 6, 2023 • Hospitality

Marriott launches “affordable midscale extended stay brand” - The company has become the latest major hotel group to announce plans for a new extended stay concept.

Jun 6, 2023 • Hospitality