Category: Trends

May 2, 2023

The hotel industry has been overlooking the impact of short-term rentals on their business for some time, perceiving it as a niche form of lodging that would not affect traditional hotel stays. However, the rapid growth of short-term rentals, led […]

May 1, 2023

The U.S. hotel industry posted its second highest occupancy rate of the year at 67.2%. That level was just shy of the 2023 occupancy peak (67.5%), set during the week of 12-18 March. Occupancy jumped 3.0 percentage points (ppts) from […]

April 26, 2023

In case you haven’t noticed – the hospitality industry is short on labor. Perhaps this statement comes as no surprise; after all, hospitality is notorious for exceedingly high turn-over amongst talent. According to Hospitality Net, the average turnover rate in […]

April 20, 2023

Since early 2023, ChatGPT has dominated the conversation in technology. Many have described this new AI tool as a “seismic shift” and “the biggest thing since the Internet.” To demonstrate the capability of ChatGPT, most of this article was generated […]

April 19, 2023

Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data. “While typically slower during Ramadan, leisure travel within the Middle East is set to resume […]

April 13, 2023

Daiwa House REIT has Acquired MIMARU Tokyo Akasaka for JPY3.1 Billion Japan-based Daiwa House REIT Investment Corporation (“Daiwa House REIT”) has acquired MIMARU Tokyo Akasaka from Japan-based Fuyo General Lease Co., Ltd. for JPY3.1 billion. The 11-storey hotel is located […]

March 10, 2023

The off-season can be a challenging time for hoteliers, but there are several ways to make the most out of this time and turn it into a profitable period. Here are some tips for hoteliers to make the most out […]

March 9, 2023

Decreasing guest satisfaction in the hospitality industry is one of the symptoms of hotels not having the staff to keep up with consumers’ shifting demands. To alleviate both, hoteliers are leaning on new technology and unique designs to appeal to […]

March 7, 2023

Australian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new […]

March 6, 2023

The World Travel & Tourism Council (WTTC) has today launched the Hotel Sustainability Basics (Basics) verification scheme. Announced at ITB Berlin, Basics will enable tourist accommodation providers from around the world, regardless of their size, to begin their sustainability journey. […]

March 1, 2023

Keyword research for hotels is the backbone of any hotel SEO strategy. Ranking for the right keywords can greatly impact a hotel’s success, but choosing the right keywords to target can be tricky. Here are some keyword research tips to […]

February 28, 2023

Hilton Garden Inn has announced the opening of its 50th property in Greater China. Hilton Garden Inn Beijing Haidian Daoxiang Lake marks the brand’s first hotel in the Chinese capital. First launched in Greater China in 2014, Hilton Garden Inn […]

February 27, 2023

Competing against large hotel chains and OTAs with extensive marketing budgets can be intimidating for independent lodging businesses. To stand out online and attract travelers, you must develop creative and compelling ad campaigns and use them strategically. With demand expected […]

February 24, 2023

While COVID-19 had a greater negative impact on the travel industry than either the 9/11 terror attacks or the Great Depression, global travel is back on the upswing. Hotels are staffing up, making new investments, and opening new properties. The […]

February 22, 2023

Travel data firm, ForwardKeys, latest air ticketing data reflects a better year for travel retailers and airports as post-covid consumer preferences swing in a more premium direction. And despite the economic slowdown, business travel continues. As airlines and airports are […]

February 21, 2023

New data released by the U.S. Department of Commerce reveals the country’s travel trade surplus slipped to just $4 billion in 2022—down from an all-time high of $85.9 billion less than a decade ago, underscoring the urgent need to rebuild […]

February 20, 2023

Challenging global economic conditions and their implications reflected their impact on the travel and tourism sector’s deal activity in the first month of 2023. A total of 38 deals (comprising merger and acquisition, venture financing and private equity deals) were […]

February 20, 2023

Travel is at full throttle with growth rates through the roof as the industry powers ahead with its recovery from the COVID-19 pandemic, yet now faces significant headwinds from the cost-of-living crisis. To weather the latest storm, travel brands and […]

February 16, 2023

Research by the World Travel & Tourism Council (WTTC) has revealed that within the next decade, Beijing will overtake Paris to become the world’s largest Travel & Tourism city destination. The report, sponsored by Visa and researched in partnership with […]

February 16, 2023

Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets. A recent example of […]