hotel industry

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hotel industry

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...

Cost vs Price vs Value of a Hotel Room

Hotelivate Private Limited | May 21, 2018

Frequently confused, often used interchangeably and seldom understood – The cost, price and value of a hotel are not the same thing! It is rather surprising that industry stakeholders routinely seem to obfuscate these distinct terms and their implications on the worth of an asset. This article aims to set the record straight and explain the specific differences when performing a hotel's monetary assessment. In a bid to avoid 'death by jargon', I'm also going to tell you a story… COST The total cost of a hotel is simply the accumulation of all expenditures incurred during the tenure of its development. This could include (bu...

Those Who Adore Detesting, Are Now in Over Their Heads

Georges Panayotis | May 17, 2018

By Georges Panayotis Much progress has been made over the past 40 years in the accommodations sector! The new chain concepts have enabled the hotel business to develop considerably in France and Europe and, for some, in the rest of the world. Hotel groups are now number 1 on the old continent and the French hotel industry is one of the largest in Europe. This industry is thriving with very positive growth prospects and it is in full development. More tourists are arriving from all horizons and going to all destinations, what could be better! Our sector has become a magnet for young graduates. The days when the hotel business was a guild...

Research Reveals the Misconceptions Turning Young Brits Away From Hospitality Careers

IHG | February 28, 2018

Less than a quarter (22%) of 16 to 21 year olds say they would consider a career in Hospitality One in three respondents believed it wasn't a career you'd enter into after obtaining a degree Over 40% admitted their perceptions were influenced by the attitudes of their parents Research comes as IHG® (InterContinental Hotels Group) launches National Hotel Takeover aimed at tackling misconceptions about the Hospitality industry 28th February, 2018 (LONDON, UK) – New research has revealed that less than a quarter of young Brits would consider a career in hospitality, with almost one in three (26%) admitting they didn't see i...

Paramount Lodging Advisors Closes Out The Year With Over 80 Transactions

Paramount Lodging Advisors | December 31, 2015

CHICAGO, IL—Paramount Lodging Advisors had a successful 2015 with over 80 national hotel transactions. Accolades of 2015 include being recognized by INC Magazine as one of the fastest growing companies in the U.S. for two consecutive years and also being named one of the 2015 Top Brokers based on transaction volume by National Real Estate Investor Magazine. The Paramount Lodging Advisors team sold hotels throughout all segments of the industry including all major brand families. The transactions covered over twenty states in the U.S. "I'm proud of our continued growth. Our entire team is continually working collaboratively and tir...

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