Analysis of hotel demand across 29 cities shows YoY increases up to 200% in El Paso, with supply-constrained markets seeing biggest spikes.
CBRE's inaugural index ranks 66 European destinations on market fundamentals and economic factors to guide hotel investment decisions.
A new joint report by Skift and Mews, "Why Hotels and Their Investors Are Leaving Millions on the Table," challenges one of hospitality's oldest assumptions: that success should be measured by rooms sold.
According to a new economic impact report conducted by Oxford Economics, Denver's hospitality industry continues to serve as a powerful engine for growth and opportunity. The report details the Denver hotel industry's far-reaching economic impact, finding that hotels generate nearly $7 billion in economic activity, support 34,000 jobs, and contribute $1.1 billion in federal, state, and local tax revenue.
Running a hotel portfolio means being in a constant balancing act. One property might be chasing group business, another is battling seasonal dips, and a third is pushing to lift guest satisfaction scores. Decisions pile up fast, and too often leaders only get clarity when the numbers are already in and the chance to act has passed.
So what are hoteliers doing to remain competitive in this climate, and what opportunities and challenges are they facing in the road ahead?
As the hotel industry matures, unit growth slows, costs increase and competition for guests becomes more challenging, driving higher same-store sales becomes an important avenue for increasing returns on investment.
In this sixth annual Lodging Tax Study, HVS Convention, Sports, and Entertainment Consulting surveys lodging tax rates and revenues across the United States. Our study includes a broad range of cities and tracks policy trends in lodging tax impositions. This research identifies the lodging tax rates levied at the state, county, city, and special district levels. We provide data on the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest cities in the United States.
Hotel managing companies date back to the early 1900s. Back then, the normal method to supply management services was through total property leases by which the operator leased the hotel from the owner. It was only between 1950 and 1960, following the global hotel expansion, that management agreements were created to provide a buffer against the operating risks associated with unknown uncertainties in foreign countries.
A Pre-Christmas Parisian Sale | Goodbye Berners… | …Hello Wellesley | Invesco’s New Hotel Fund | Ooh La La Malmaison | A Tribute To 37 | Two New Accors For London | Dukes Hotel To Go Forth And Multiply | A Jumeirah For Syria | Undercover Boss Uncovered | Sol Meliá’s Results For The First Nine Months Of 2010 | InterContinental Hotels Group Reports Its Third-Quarter Results | Gladen’s Tidings | Absolute Share Price Performance Over the Past Week – 4-11 November 2010
A Hotel For Harrods? | There is a rumour circulating around the hospitality world this week that future visitors to Harrods department store in London, UK, may be able to do more than just shop; instead of leaving after the doors have closed for the day and travelling across London laden with bags, shoppers may be able to stay the night at Harrods’ own hotel. The Qatari royal family acquired the iconic store from Mohamed Fayed for £1.5 billion in May of this year, and Qatar Holding has confirmed that the plan to convert the building’s rooftop into a luxury hotel is one of several possibilities being considered as part of a strategy to expand the Harrods brand.
Accor To Sell Its Stake In Groupe Lucien Barrière | Dutch Group To Get Citizenship In London | Russia Calling Out For Hotel Investment Spies | Act One: Radisson In Kaliningrad | Macdonald Hits Half A Century With A New Crown Jewel For Windsor | Adagio Strings Out A New Opening In France | Four Seasons But Two New Hotels | Gladen’s Tidings | Absolute Share Price Performance Over the Past Week – 9-16 September 2010
Pandox Sprouts A New Hotel In Belgium | Five Hotels For Sale In The UK | Accor Scores A Hat-Trick In London | Hilton Worldwide To Debut In Montenegro | To Russia With Love From Radisson | How To Value Hotels In The Current Market | Three New Hotels In Morocco For RIU | Barceló Hotel Bounces Back | Joint Venture Of The First Kind | New Openings Form A Duet In Dubai | A Whitbread Trading Update | Gladen’s Tidings |
The Cumberland Hotel Sold | A Triumphant Sale In Paris | A Beautiful Debut For Radisson Blu On Corsica | The Debut Of Suite Novotel | The Chief Of All Seasons | A New Hospitality Division Lands In Doha | Taking It Easy In The Middle East | To Beach Or Not To Beach | Gladen’s Tidings
In association with The Cornell-Nanyang Institute of Hospitality Management and Professor Sherri Kimes, EyeforTravel is proud to announce the release of The Global Hospitality Report - An in-depth analysis of international hotel performance and strategic manual for Hoteliers facing challenging economic conditions.
While declining values, debt maturity and tight credit access, and stalled construction may continue to plague commercial real estate in the United States for the remainder of 2010, economic indicators point towards the potential for economic recovery this year. For investors, this environment reveals a window of opportunity in 2010 when investment in distressed assets may prove to be opportune, according to Deloitte's Perspectives on Real Estate: Uncovering Opportunity in a Distressed Market, released today.
The Canadian economy still has a long road back to recovery and hoteliers should expect a bumpy ride, according to Avery Shenfeld, chief economist at CIBC World Markets. Shenfeld delivered a state of the industry presentation during the Hotels Association of Canada’s 2010 Annual Conference at the Fairmont Royal York in Toronto.
Deloitte, the business advisory firm, confirms that Abu Dhabi’s hospitality industry received a welcome boost when hosting the UAE’s (United Arab Emirates) first Formula One Grand Prix last weekend. Revenue per available room (revPAR) growth, one of the hotel industry’s key performance indicators, peaked on Friday 30th October up 97.6% according to daily STR Global data. However, occupancy and average room rates hit the highest point during the 3-day event on Saturday the 31 October, at an astonishing 97.5% and US$606 respectively.
InterContinental Hotels Group’s Splendid New Venture | A New Garden To Be Planted At Luton Airport | Autumn Brings A Golden Tulip To Noordwijk | Sign Up For A Free Webinar | A Tale Of Two Imperials | Fantastic Four On Yas Island | Rocco Forte To Rock Cairo | Kiessling’s Corner
Natural disasters, terrorist attacks, geopolitical risks, epidemics, global recession and now a pandemic... The tourism, hospitality and leisure industry finds itself at the forefront of unprecedented challenges. Our latest report looks at some of the changing trends in the industry as a result of the above, including a detailed assessment of the impact of pandemics and the measures businesses are taking to manage their potential exposure.