Airbnb crackdown is a windfall for New York City hotels
Business is booming for New York City's hotels, and the city's recent crackdown on short-term rentals may be a driving force.
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Hilton Is in Talks to Buy Campus-Focused Graduate Hotels Brand
Hilton Worldwide (NYSE:HLT) is in talks to buy the Graduate Hotels brand, according to a Bloomberg report. Sources indicated that the deal for the brand would not include the real estate assets.
The enormous challenge to Israel’s hotels
The year 2023 was promising. Hotel occupancy was up and an expectation to serve 3.9 million tourists this year was encouraging.
Airbnb CEO: New York City hotels will get more expensive after short-term rental crackdown
The head of Airbnb, the world's largest vacation rental platform, issued a warning to travelers considering a trip to New York City over the next year.
Leisure travel isn’t just back, it’s at capacity - 2023 PwC Holiday Outlook
Leisure travel isn’t just back, it’s at capacity
Blackstone's Kathleen McCarthy: Hospitality has been a conviction theme for us for a long time
Kathleen McCarthy, Blackstone global co-head of real estate, joins CNBC's Delivering Alpha 2023 conference to discuss the state of the real estate market, where the best plays are right now, why diversification is key, and more.
China’s Tourism Sector Prospects in 2023-24
China's tourism industry is witnessing a robust resurgence in 2023, characterized by evolving traveler preferences both domestically and internationally. On the home front, eased travel regulations combined with rising incomes are spurring interest in local exploration. Globally, Chinese tourists are keen on re-embracing the world, gravitating towards immersive, wellness, and culture-centric experiences.
Rising prices for travel yet to curb wanderlust
The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.
The Travel Boom Among Americans Will Continue Through Shoulder Season
It’s been fairly well documented by this point via news reports, industry studies, and even social media, that Americans are traveling in droves this summer.
The end of ‘revenge travel’ has arrived for hotels
The U.S. hotel sector has been on a roller-coaster ride for the past three years. After fears of Armageddon became paramount for much of 2020, COVID-19 vaccines and pent-up demand quickly brought the phrase “revenge travel” into our lexicon as people sought experiences they missed during the early stages of the pandemic.
Wyndham soon to be acquired by Choice Hotels?
At least that is the rumour that has been swelling in recent days across the Atlantic. Indeed, Choice Hotels International would like to buy Wyndham Hotels & Resorts as part of an operation that would create an American budget hotel giant.
Tourism Triumphs: Skift Travel Health Index Reaches Record High
April 2023 marked an important milestone: The full recovery of travel since the pandemic – as measured by the Skift Travel Health Index. And it’s a record, with our index passing the level last reached in 2019.
Travel Executives Expect 'Breakout Year' for International Demand
Executives in the travel business anticipate that international travel is finally back in 2023, especially with China travelers emerging from lockdown to traverse the world once more.
Is Choice Hotels aiming to buy Wyndham?
Choice Hotels International (CHH.N) is seeking to buy Wyndham Hotels & Resorts (WH.N) in a deal that would create a U.S. budget hotel giant, a person familiar with the matter told Reuters on Tuesday.
Airbnb has a new, old plan to eat into hotel business
Airbnb will promote private rooms more, with its CEO highlighting lower prices relative to hotels
U.S. hotels set for earnings bump from robust travel even as costs weigh
U.S. hotel operators are expected to post a rise in first-quarter profit even as they pour in money to lure travelers to make bookings directly through their websites, instead of turning to travel agencies.
Momentum From Spring Break Travel Demand Expected To Flow Into Summer Months
U.S. airport passenger data recorded by the Transportation Security Administration shows spring break travel demand is setting the industry up for momentum into the summer months.
Hotel Performance Growth Slow, Steady As Impact of Omicron Fades in Year-Over-Year Comparisons
Year-over-year comparisons have largely lapped the impact of a surge in omicron cases last year, and hotel industry performance in the U.S. and in markets around the globe is improving slowly but steadily.
Inflation isn’t dampening people’s desire to travel — but travel companies may be missing a trick
Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area where many are unwilling to cut back: their desire to travel.
Travel demand fuels a boom in Asia Pacific - in hotel rates
Finding a great hotel deal may be harder than ever before. Hotel rates are at an “all-time high,” Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” on Thursday. Rates are being fueled by travel demand that is like “a feast … to offset the famine,” he said, referencing the pandemic.