Tag: featured

May 15, 2024

Travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity and venture financing deals) during January-April 2024 compared to the announcement of 251 deals during the same period in previous year. This represents a […]

May 15, 2024

The Global Wellness Institute (GWI), a nonprofit research organization, released a new data report yesterday at the third annual Wellness Real Estate & Communities Symposium in New York. The report reveals that wellness real estate has been the fastest-growing market […]

May 14, 2024

There were 107,000 vacancies in hospitality in the quarter to April 2024, according to the Office for National Statistics. This is 15% higher than pre-pandemic levels of 93,000. Wages paid in the sector increased by 9.5% in March 2024, driven […]

May 13, 2024

At this year’s IMEX in Frankfurt, Germany, Radisson Hotel Group announces new technological implementations that allow meeting and event planners to book the Group’s M&E venues via external MICE platforms making our offer widely available. This new distribution channel continues […]

May 13, 2024

The European Commission has today designated Booking Holdings, the parent company of Booking.com, as a gatekeeper platform under the Digital Markets Act (DMA). Booking.com now has six months to comply with all the do’s and don’ts as a gatekeeper. HOTREC […]

May 9, 2024

U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 4 May. 28 April through 4 May 2024 (percentage change from comparable week in 2023): Occupancy: 64.4% (-0.8%) Average daily rate (ADR): US$159.97 (+1.3%) […]

May 8, 2024

In a connected world, it takes only a few seconds to pull up reviews of the hotel that they’re thinking about staying in. With quick and easy access to a multitude of opinions, people can make an informed decision by […]

May 7, 2024

The 2024 travel forecast is looking sunny with a chance of savings. Despite increasing inflation, according to the latest internal data from KAYAK airfare is down 13% for domestic and 3% for international flights vs. 2023. To help travelers score […]

May 7, 2024

The latest Latin America Construction Pipeline Trend Report by Lodging Econometrics (LE) reveals robust growth in the region’s hotel construction sector. At the close of Q1 2024, the total hotel construction pipeline in Latin America stands at 604 projects and […]

May 6, 2024

Restaurant owners entered 2024 feeling optimistic, according to data from the Square 2024 Future of Restaurants report. The industry has embraced technology solutions to tackle staffing, process, and efficiency challenges. Now, restaurant operators across regions have fresh priorities to stay […]

May 1, 2024

Snack menus are on the rise among restaurant chains looking to reverse traffic declines and win the loyalty of price-sensitive, low-income consumers who are spending less on meals out. But how much growth potential does the category hold? Traditional breakfast, […]

May 1, 2024

A Smarter Way to Save Sourcing goods and services effectively is at the epicenter of day-to-day functions in hospitality firms and accommodations. The careful and systematic procedure of procurement not only ensures smooth operations but also reflects our commitment to […]

April 30, 2024

As renowned author Maya Angelou once said, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” This sentiment is at the core of what most hoteliers strive […]

April 30, 2024

In today’s digital age, a user-centered hotel website plays a crucial role in attracting and converting potential guests into bookings. With travelers increasingly relying on the internet to research and book accommodations, having a website that prioritizes user experience and […]

April 29, 2024

The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below […]

April 25, 2024

U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 20 April. 14-20 April 2024 (percentage change from comparable week in 2023): Occupancy: 66.8% (-0.3%) Average daily rate (ADR): US$158.60 (+1.5%) Revenue per available […]

April 24, 2024

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% […]

April 23, 2024

If your hotel uses in-house software to manage procurement, leadership may be reluctant to adopt a cloud-based solution – especially if an on-premise system has served you well for many years. This mindset is likely to put your hotel behind […]

April 22, 2024

2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse. Revenue per available room (RevPAR) rose 5.8% driven by nearly equal gains in occupancy and average daily rate (ADR). However, the growth was not […]

April 22, 2024

The leading players of Travel & Tourism globally have published a landmark joint report setting out their joint plan to help halt and reverse biodiversity loss. Launched on Earth Day 2024, “Nature Positive Travel & Tourism in Action” is the […]