inflation
Can Hotel ADRs Overcome High Inflation?
Shaffer Patrick | November 28, 2022
By Shaffer Patrick, Sophie Perret Many global economies are going through a period of high inflation, brought on by macroeconomic factors such as government stimulus and global supply shocks. We have asked the questions: can rising costs be passed along to the consumer and what does the current inflation environment say about hotel pricing over the next few years? We have used London as a case study to understand the relationship between inflation and hotel ADRs (average daily rates). We analysed trends over the long term (1973-2022) as well as over specific periods of economic prosperity and strife to draw conclusions about what the...
Challenging Trends Currently Facing Hospitality Executive Teams
Bill Conn | October 17, 2022
By Bill Conn As the pandemic continues to ease its grip on society, hospitality is reopening and people are ready to travel, dine out, and spend money on leisure and entertainment. However, trends and challenges facing tourism, hotels, and restaurants make it difficult for some venues to adapt. The market is also exceptionally competitive for various reasons, and the situation shows no sign of improving soon. Here are the top trends facing hospitality executives. Labor Shortages The hospitality industry is facing labor shortages never seen before. As we emerged from pandemic constraints, U.S. hotels expected to employ 2.19 million s...
Many European Travelers Likely to Budget More When Booking a Holiday Due to Inflation, Says GlobalData
GlobalData | July 22, 2022
With national inflation rates increasing dramatically in recent months across Europe, the purchasing of cheaper tourism related products and services has allowed many European travelers to satisfy their desire of holidaying abroad while ensuring they can make ends meet back at home, found GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism Analyst at GlobalData, comments: “This level of inflation would be expected to severely dampen demand for international travel. However, stories of packed airports across Europe continue to emerge, demonstrating that the pandemic induced demand for international trave...
Until the Dust Settles, Zero-Based Budgeting Is Indispensable
HotStats | June 27, 2022
Some forecasts make sense. George Carlin once astutely predicted the night’s weather: dark. On the other hand, handicapping the future—especially the economy—is a fool’s errand. Here’s what Jamie Dimon once said about it: “No one can forecast the economy with certainty.” If the CEO of JPMorgan Chase can’t do it, good luck to anyone else. His comment rings more true than ever. COVID-19 cast the hotel industry into a free fall and just as the global recovery began to germinate, along came inflation, supply-chain distress, labour shortages, exploding energy and fuel costs and a host of other severe issues that make running a h...
Will Travel Defy Inflation?
Mandeep S. Lamba | June 23, 2022
By Mandeep S. Lamba, Dipti Mohan Inflation is soaring in many countries due to a combination of factors such as rising fuel prices, ongoing supply disruptions, strong demand, and the Russia-Ukraine war. While the central banks around the world are raising benchmark interest rates to try to control the situation, inflation is likely to remain high in the near term. For instance, the US recorded four-decade-high inflation in May 2022, prompting the Federal Reserve to raise interest rates by 75 basis points (bps), the largest rate increase since 1994. A similar pattern can be seen in the UK and several other countries. India, also, recently r...
Supply Chain, Inflation Frustrate Hotel Recovery
HotStats | November 17, 2021
The supply chain crunch and inflation are compounding what’s already a nettlesome recovery for hotel owners and operators. Though hotels offer nightly leases, allowing for the repricing of rooms on a dynamic basis, other revenue-generating outlets are more intransigent—a problem when inflation is soaring. “While we can push the envelope with room pricing, there are static parts of our business—such as parking, resort fees and retail—that you can’t reprice,” said Chris Cylke, COO of asset manager RevPAR International. Concurrent supply chain issues impacting OS&E and FF&E and hourly wages rising are taking a t...
1
Technology
2
Operations
3
Market Reports
4
Industry Happenings
5
All Things Independent
Today's News
STR: U.S. Hotel Results for Week Ending 26 November
Nobu Hospitality and Simon Celebrate Opening of Nobu Hotel & Restaurant at Phipps Plaza
Tsuut’ina Nation Appoints Tyrone Waite as Resort Chief Executive Officer for Grey Eagle Resort & Casino
How Technology Is Transforming the Future of Revenue Management for Hotels
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.