Global Hotel Industry Faces Mixed Fortunes Amid Rising Costs and Varied Demand
HotStats | August 3, 2023
Knowland Reports Meetings and Events Growth for June at 30.3 Percent
Knowland | July 12, 2023
Market Reports
Travel Trends Index: Domestic Travel a Bright Spot, but Int’l Inbound Projected to Decelerate
the U.S. Travel Association | October 3, 2018
WASHINGTON (October 3, 2018)— Travel to and within the U.S. grew 3.8 percent year-over-year in August, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 104th straight month of overall expansion. Despite the positive trend, U.S. Travel economists remain wary that the decelerated rate of international inbound travel will cause the U.S. to fall even further behind its global competitors. Most notable in the TTI is the strength of domestic leisure and business travel, supported by strong consumer spending and consumer confidence reaching heights last seen in 2000. Both do...
Market Pulse: Orange County Beaches, CA
Marcus R, Lee | September 27, 2018
By Marcus R. Lee, Steven Kim, Eric Yiankes Whether it's manicured beach towns or celebrated theme parks, Orange County stands out as one of California's most iconic destinations. Located about an hour south of Downtown LA and two hours north of San Diego, Orange County remains a novelty for visitors and locals alike. Orange County relies on tourism, state and local government activity, and renowned institutions of higher education for its economic livelihood. The Newport Beach, Huntington Beach, and Costa Mesa hotel submarkets have experienced varied activity over the last three years, with transactions, renovations, and re-brandings, a...
2018 HVS Lodging Tax Report – USA
Thomas A Hazinski | September 26, 2018
By Thomas Hazinski, Anthony Davis and Daniel Kremer In this 7th annual Lodging Tax Report, HVS explores the current status and historical trends of lodging taxes in the USA. This updated version provides lodging tax rates/collections on all 50 US states and 150 US cities. Download the Lodging Tax Report here. ...
What Do Hotel Guests Really Want? Anticipated Versus Actual Use of Amenities
Chekitan S. Dev | September 25, 2018
by Chekitan S. Dev, Rebecca W. Hamilton, Roland T. Rust, and Matthew V. Valenti Abstract: Hotels provide a lengthy menu of amenities based on the (largely accurate) perception that guests want those amenities and claim they will use them. While many guests do exactly that, a substantial percentage will "overpredict" which amenities they will use. This study of fifty hotel-wide and in-room amenities details both the overpredictions and, in some cases, underpredictions of amenity use by 724 guests in thirty-three hotels operated by six hotel brands—one upscale, two upper upscale, and three luxury—belonging to one hotel company...
Key Takeaways: AHLA & AAHOA’s – Legislative Action Summit 2018
Chelsey Leffet | September 25, 2018
By Chelsey Leffet This year's Legislative Action Summit (LAS), held every year by the American Hotel and Lodging Association (AHLA) and the Asian American Hotel Owners Association (AAHOA), took place September 12–13 in Washington, D.C. Year after year, this event brings together a strong showing of hotel owners, operators, developers, investors, managers, and employees, as well as experts in government affairs and others interested in the lodging industry. Hurricane Florence did not deter the many industry professionals from traveling to D.C. to meet with their congressional representatives on "The Hill." The event included remark...
How to Play (and Win) the Long Game in Group Sales
Groups360 | September 24, 2018
Meeting planners don't want to work with a salesperson. They want a reliable, long-term partner in planning. Someone who can brainstorm ideas, come up with realistic solutions, and bring value to the table event after event. Delivering lasting value is vital to building this type of relationship. However, most group sales managers wait until they're actively wooing the client to be helpful - within their proposal, during the site inspection or at the negotiating table. Instead, offer value for the long haul, not for quick conversions. Begin right at the beginning of the sourcing journey, then continue long after the event is ove...
Global Construction Pipeline Projects Have Been Ascending for 4.5 Years and Have Reached Record Highs
Lodging Econometrics (LE) | September 24, 2018
Correction: New numbers received from Choice Hotels Choice Hotels with 705 hotels and 58,512 rooms. CORRECTION: As of June 30, 2018 Choice has 1,024 hotels and 84,350 rooms in its worldwide pipeline. The 25-year explosion of hotel brands now totals 610 globally. Marriott leads with 29 labels, followed by Accor with 25, Hilton and Choice with 15 each, and IHG and Hyatt with 12 each. CORRECTION: As of June 30, 2018 Choice had 11 brands September 24, 2018 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its bi-annual Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for eve...
Blurred Lines Between Hotels and Airbnb
Luigi Major | September 20, 2018
By Luigi Major In this new day in age, the meaning of travel has taken an interesting turn in terms of what is driving consumers away from home. The generation of material pleasantries has come and gone, and what people are really looking for these days are new and engaging experiences. Curiosity is driving interest away from the status quo. While the necessities, like having a great location, providing safety and security while keeping a high standard for quality, will always hold value, consumers are seeking ways to leverage their travel by experiencing and becoming one with the surrounding environment. A new fine line has been create...
Ten Years Later: Has the U.S. Lodging Industry Really Recovered?
Robert Mandelbaum | September 20, 2018
By Robert Mandelbaum and Keval Rama Lodging is a cyclical industry meaning that it passes over time through four distinct phases: peak, contraction, trough and expansion. Most industry participants believe that 2007 was the previous peak of the current business cycle following six years of expansion from the 2001 industry recession. According to STR, the demand for lodging increased for six consecutive years from 2002 through 2007, while average daily room rates (ADR) grew in excess of 4.5 percent during the latter four years. Per CBRE Hotels' Trends® in the Hotel Industry survey, gross operating profits (GOP) were growing at a 10 p...
Insights Into Chinese Travelers’ Hotel Habits and Preferences: Expedia Group Data
Expedia Group | September 20, 2018
Seattle, Wash., Sept. 20, 2018 – Expedia Group and Ipsos, a leading market research company, released findings from the Hotels.com™ Chinese International Travel Monitor (CITM) survey. The survey reveals hotel booking habits and preferences for the world's largest travel population, providing enormous potential for U.S. hotels to adapt to the evolving demands of Chinese travelers. China is the largest outbound travel market in the world, with 130 million outbound trips and a collective spend of more than $258 billion on international travel in 2017 according to UNWTO. Chinese millennials born after 1990 are pushing ...
North American Hoteliers Kick Off Second Half of 2018 With Continued Steady Rates and Bookings; Q2 2019 Shows Signs of Softness
TravelClick | September 20, 2018
NEW YORK – September 20, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's August 2018 North American Hospitality Review (NAHR). According to this data, the second half of the year has stable rates and bookings across all travel segments, up 1.80 percent in average daily rates (ADR) and 0.51 percent in bookings in the third quarter when compared to the prior year. Group travel in Q3 is also up 1.81 percent in ADR and 0.50 percent in bookings, and the transient segment overall is up 1.80 percent in ADR and 0.52 percent in bookings i...
RIU Hotels & Resorts Acquires Building in London for Conversion to the Riu Plaza Brand
RIU Hotels & Resorts | September 19, 2018
Palma de Mallorca, 19 September 2018 - The hotel chain has just acquired a building in a premium area of the city, close to Victoria Station, which it plans to convert into a 4-star hotel as part of its Riu Plaza urban line. RIU Hotels & Resorts has bought a building in one of London's top neighbourhoods where, following a total refurbishment, it will open a hotel in its Riu Plaza urban line. The building is at 1 Neathouse Place, right next to Victoria Station, Westminster Cathedral and Buckingham Palace. By the end of 2020, the future Riu Plaza hotel in London will become the chain's first hotel in the United Kingdom, a country tha...
Budapest – On The Up
Magali Castells | September 18, 2018
By Magali Castells, Arlett S Hoff Budapest is the capital of Hungary and the ninth-largest city in the EU, with close to 1.7 million inhabitants in 2018. Budapest traditionally had a strong industrial focus, but has since shifted to the service industries including banking, finance and real estate. The city is also a cultural and historic centre, with several renowned monuments including UNESCO World Heritage sites such as the Buda Castle district and the banks of the Danube. The city is also filled with various museums, parks, squares and a variety of restaurants and bars, making it the perfect weekend destination. ECONOMIC INDICATORS...
Asia Pacific’s Construction Pipeline, Excluding China, Is in Its 5th Year of Growth and May Be Nearing Its Peak
Lodging Econometrics | September 17, 2018
September 17, 2018 - In a recent report, analysts at Lodging Econometrics (LE) report that Asia Pacific's total construction pipeline, excluding China, is in its 5th year of growth and is at an all-time high of 1,749 projects/369,045 rooms. These pipeline totals are up a remarkable 306% by rooms and 270% by projects from the cycle's low of 473 projects/90,946 rooms recorded in the first quarter of 2007 when LE first began tracking development in Asia. Countries in the region are facing strong economic headwinds. Economies are slowing and many currencies compared to the dollar are falling, adversely affecting real estate investment. The ...
All Suites Brands by Hilton Open 34 Properties, Ink 35 Hotel Deals in Q2 2018
Embassy Suites by Hilton | September 7, 2018
Category-leading brands capitalize on growing meetings/convention business with opening of new convention center locations; expand footprint of multi-brand hotels MCLEAN, Va. – September 7, 2018 – The All Suites brands by Hilton have continued their strong growth into Q2, opening 34 new hotels and bringing the total number of All Suites properties to nearly 1,000. The second quarter was marked by the All Suites brands entrance into several new convention center submarkets, and further expansion of the brand's footprint of multi-brand hotels. The All Suites brands also signed 35 hotel deals in the second quarter, continuing t...
To Q3 and Beyond: Hotel Industry Forecast for San Diego, Arizona, Colorado, and Other U.S. Markets
Robert A. Rauch, CHA | September 6, 2018
By Robert A. Rauch U.S. Economy Companies are reporting solid revenues as well as profits. Q2 Gross Domestic Product (GDP) was at 4.2 percent, the best quarter in five years. Business and consumer confidence and spending are strong and future growth for 2019 looks good. Interest rates and inflation have increased modestly, in sync with movements in the economy. Having said that, my favorite index is the Institute for Supply Management's Purchasing Management Index. That index fell to 58.1 in July, 2018 from 60.2 in June, below market expectations of 59.5. The reading pointed to the weakest expansion in the manufacturing sector in three ...
Hilton Appoints Jerry Huang as President of Development in Greater China & Mongolia
Hilton | September 5, 2018
SHANGHAI, Sept. 5, 2018 -- Hilton (NYSE: HLT) today announced the appointment of Jerry Huang as president of development in Greater China and Mongolia. Effective September 10, 2018, Huang will oversee the team responsible for the overall development strategy for China. "Jerry's experience within the vast China hospitality market is nearly unparalleled," said Matt Fry, senior vice president, development for Asia Pacific. "Having someone of his calibre join our team will allow us to build on the success we have had in this very important market." Hilton today has more than 500 hotels open and under development in G...
Industry Execs Talk International Travel With President Trump, Senior Aides
U.S. Travel Association | September 5, 2018
WASHINGTON (September 5, 2018)—The U.S. Travel Association, joined by CEOs of 13 member companies, met Tuesday at the White House with the president of the United States and senior administration officials. The president and industry leaders discussed travel's essential contributions to the U.S. economy and job creation, and the importance of international inbound travel to trade deficit reduction. "Our discussion with the president was simple: a strong flow of international business and leisure travelers into the U.S. reduces the trade deficit and creates an outsize number of American jobs," said Roger Dow, presiden...
PolyU School of Hotel and Tourism Management to Collaborate with China Outbound Tourism Research Institute in Education and Research
September 4, 2018
The School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU) and China Outbound Tourism Research Institute Ltd. (COTRI) have signed a Memorandum of Understanding (MOU) today (4 September 2018) to promote collaboration in tourism education and research. COTRI is a research institute headquartered in Hamburg, Germany, which provides support for strategic and sustainable developments of varied segments of the Chinese outbound market. Established in 2004, it offers organisations and institutions with customised services in research and consulting, quantitative and qualitative data and analysis, training ...
Middle East Hotel Construction Pipeline Continues Rapid Expansion With Highest Counts in Over a Decade
Lodging Econometrics | August 31, 2018
In the recent Middle East hotel construction pipeline report by analysts at Lodging Econometrics (LE), the region continues to show rapid pipeline expansion in the second quarter of 2018 with the highest counts since 2007 when LE first began recording. The total pipeline stands at 603 projects/175,288 rooms, an all-time high. These numbers show a lofty 119% increase in projects and 125% increase in rooms since the region's low in the fourth quarter of 2013 when the total pipeline bottomed at 275 projects/77,772 rooms. Projects presently under construction are at 355 projects/113,635 rooms and are at an all-time high. Projects scheduled ...
Don’t Pluck the Goose That Lays the Golden Eggs!
Georges Panayotis | August 30, 2018
By Georges Panayotis France's tourism performances are mostly positive, and so much the better! After many lean months, tourism and hotel professionals are back to smiling. Driven by ever-increasing international demand, tourist arrivals are on the rise and remain strong. Let's ride the wave and acquire market shares. Because while France has a long tradition of hospitality with an attractive cultural and geographical heritage, many destinations have followed in the same path. European performances are also positive and France is not alone in boasting results that are more than encouraging. Our sector has become prosperous again...
Hotel Construction Pipeline in Europe Shows Double-Digit Growth
Lodging Econometrics | August 29, 2018
Lodging Econometrics' (LE) analysts report another year of accelerating growth for Europe's hotel construction pipeline which is at the highest level since LE began recording in 2007. The total pipeline stands at 1,388 projects/219,251 rooms for the second quarter of 2018. It is an impressive 18% increase year-over-year (YOY). There are 693 projects/112,580 rooms currently under construction, 403 projects/62,538 rooms planning to start construction in the next 12 months, and 292 projects/44,133 rooms in the early planning stage. Projects currently under construction and those in early planning are also at their highest since 200...
Illinois Hotel & Lodging Association Names Michael Jacobson President and Chief Executive Officer
Illinois Hotel & Lodging Association | August 27, 2018
Today, the Illinois Hotel & Lodging Association (IHLA) announced the appointment of Michael Jacobson as incoming President and Chief Executive Officer. Mr. Jacobson, who most recently served as the Senior Director of Industry Relations and Political Engagement of the U.S. Travel Association (USTA), joins the IHLA effective October 1, 2018. He will replace long admired industry veteran Marc Gordon, who announced his December 2018 retirement earlier this year after a successful, 21-year tenure as the association's President and CEO. "This has been an exhaustive search, and we are thrilled with the outcome," said Tom Robertson, IHLA Ch...
Canadian Lodging Outlook Quarterly 2018-Q2
HVS Canada | August 27, 2018
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further Information, please contact: [email protected] or +1 (615) 824-8664 ext. 3504. ...
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