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Industry Happenings

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Industry Happenings

Alternative Accommodations Present an Opportunity for Institutional Capital and Traditional Brands to Join the Sector

JLL | June 23, 2022

 CHICAGO, June 23, 2022 – What started as a marketplace for individuals to rent out their primary or secondary homes as a means of generating extra income has evolved into a complex, highly matrixed space akin to the traditional lodging industry. The alternative accommodation sector’s evolution intensified during the Covid-19 pandemic as increasing flexibility to work remotely, coupled with a heightened focus on quality of life and the need for social distancing, created strong demand. This paradigm shift has resulted in the alternative accommodations sector’s unprecedented growth over the past two years. “Following Covid, we’v...

The 10th Annual Boutique Hotel Investment Conference by BLLA and Its Resounding Success After a 3-Year Hiatus

BLLA | June 22, 2022

Attendees ranked the speakers, content, and experience 'best in class' Los Angeles – June 21, 2022 - The Boutique Lifestyle Leaders Association (BLLA) held its annual Boutique Hotel Investment Conference on June 8th at the iconic Plaza Hotel Grand Ballroom in New York City. Nearly 200 attendees came together to celebrate the flourishing sector of boutique hospitality and gain top-tier insight into where the industry is heading. The conference day was filled with meaningful panels, case studies, debates, and think tanks – all pointing toward the passion and resiliency of such a daring community of boutique believers. Watch the short ...

U.S. Travel Forecast: All Sectors Projected to Surge in Short Term, but Headwinds Are on Horizon

U.S. Travel Association | June 22, 2022

WASHINGTON (June 22, 2022)—Days after the United States repealed its Covid-19 testing requirement for inbound air travelers, U.S. Travel Association released its full biannual forecast for travel through 2026—including both travel spending and volume—which projects that all segments of travel, in spite of rising inflation, will surge in the short term due to pent-up demand and consumer savings. However, this is not expected to last, leading to slower growth in the later years of the forecast. The international component of the forecast was released earlier this month at the association’s IPW trade show. U.S. Travel estimates th...

HFTP’s Highly-Anticipated HITEC Orlando Is Taking Measures to Prevent Pirate Exhibitors Celebrating its 50th anniversary, the upcoming hospitality t

Hospitality Financial and Technology Professionals (HFTP®) | June 22, 2022

June 22, 2022 (Austin, Texas USA) — To maintain its high value, plans for preventing pirate exhibitors (also known as Outboarders or Suitcasers) at HITEC 2022 (Hospitality Industry Technology Exposition and Conference) have been established for the upcoming show. It is common for unaffiliated or non-exhibiting vendors to take advantage of the show's popularity by promoting their wares leading up to and near the show, or on the exhibit hall floor in an unofficial capacity. Some plan product demonstrations and similar events to "steal" attendees from conference organizers and supporters. Such practices weaken the show's worth to its suppor...

HFTP and AAHOA Partner to Support Each Association’s Initiatives

Hospitality Financial and Technology Professionals (HFTP®) | June 21, 2022

Hospitality Financial and Technology Professionals (HFTP®) and the Asian American Hotel Owners Association (AAHOA) have partnered with an allied agreement, connecting the two leading hospitality associations. Both HFTP and AAHOA have a shared interest in advancing the hospitality environment to the benefit of their members and the overall industry. The groups, who have long supported each other, will promote and have a presence at each association’s events, offer collaborative benefits to young professional members and more. “I have great admiration for AAHOA and the initiatives it takes on; and since both our association networks ...

NYU Investment Conference Takeaways

David J. Sangree | June 21, 2022

David Sangree, MAI, CPA, ISHC had the opportunity to attend the NYU International Hospitality Industry Investment Conference on June 6-7 at the New York Marriott Marquis. The following are some key highlights from the conference. ADR growth: The growth in ADR in 2022 has exceeded everyone’s projections for the industry. The actual ADR is above 2019 levels for the U.S. for the past 10 months although the inflation-adjusted ADR is just getting back to 2019 levels since March 2022. In some markets, such as the Florida Keys or northern New England, ADR growth has been well above the nation. Other urban and commercial-oriented markets have se...

AHLA Welcomes Alaska CHARR as New Member

American Hotel & Lodging Association | June 17, 2022

53 Lodging Associations Now AHLA Members WASHINGTON (June 16, 2022) – The American Hotel & Lodging Association (AHLA) today announced it has welcomed the Alaska Cabaret, Hotel, Restaurant, & Retailers Association (Alaska CHARR) as a new member. Alaska CHARR is dedicated to serving the needs of the hospitality industry in the state of Alaska. The Association provides training programs, membership services, legislative and government relations, informational services, and it promotes the industry for its members. Alaska has nearly 250 hotels with more than 20,000 rooms. “For half a century, Alaska CHARR has championed ad...

Red Roof® Celebrates Women-Owned Hotels at 4th Annual Forum on Leadership for Women Entrepreneurs

Red Roof | June 15, 2022

Columbus, Ohio – June 15, 2021 - Building on its continued success in fostering a strong environment in which women can thrive, Red Roof®, the leader in Upscale Economy® lodging, hosted its Forum on Leadership for Women Entrepreneurs on May 24th and 25th in Austin, Texas. Designed to help women in hospitality develop deeper business acumen and stronger leadership skills, leaders from across the industry gathered to help Red Roof celebrate progress that includes 31% of its hotels owned or partially owned by women. Additionally, as women continue to progress in management ranks, there has been a 20-percent increase in women leadership at...

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