U.S. hotel results for week ending 6 December
CoStar data shows occupancy fell 3.2% to 57.2% with Tampa posting the largest declines due to Hurricane Milton displacement effects.
CoStar data shows occupancy fell 3.2% to 57.2% with Tampa posting the largest declines due to Hurricane Milton displacement effects.
CHTA shares insights from Barbados forum covering climate resilience, digital transformation, direct booking strategies, and workforce innovation as priorities for Caribbean hotels.
Skift partnered with Abu Dhabi's tourism authority to analyze key industry shifts, from the Middle East's growing influence to AI's impact on travel planning.
Analysis reveals stark performance gaps between luxury and budget hotels as consumer spending diverges, with AI adoption becoming critical for operational efficiency.
The report identifies key challenges including geopolitical instability, rising tourist taxes, and seasonal demand shifts, while outlining tech-driven strategies for hoteliers to navigate 2026.
ADR hit BRL 1,699.90 and RevPAR reached BRL 1,573.32 during race weekend, marking the highest levels ever recorded in São Paulo's hotel market.
Cayuga consultants predict AI integration, refinancing pressures, and labor shortages will reshape hospitality by 2026, with conversions outpacing new builds.
Labor costs are rising 4-5% annually while occupancy drops, with union hotels showing -1% profit conversion versus 25% for non-union properties.
HVS index tracks hotel values across 23 markets in 16 countries, with Riyadh leading at +100% growth since 2019, driven by tourism strategies and infrastructure investment.
Melbourne hotels achieved record November RevPAR of AUD201.05 (+8.6%), driven by Melbourne Cup Carnival and Oasis concerts.
Qatar's occupancy hit 83.9% with RevPAR rising 20.3% year-over-year, driven by Formula 1 and the Doha Film Festival.
Global business travel spending is expected to hit $1.48 trillion in 2024, surpassing pre-pandemic levels as conferences and incentive trips drive demand for both air and ground transport services.
Poll reveals 89% want the $1.5 billion annually diverted from TSA security fees returned to fund modern screening technology and reduce airport delays.
U.S. RevPAR fell 0.3% in the fortnight ending November 29, but excluding 13 hurricane-impacted markets, RevPAR actually grew 0.9%.
CoStar data shows Tampa suffered steep declines due to 2024 hurricane displacement demand comparisons, while San Francisco led gains with 14.9% RevPAR growth.
HVS analysis highlights strong hotel demand growth driven by $1+ billion in upcoming developments including amphitheater, soccer stadium, and airport expansion.
Euromonitor's annual index shows global city tourism grew 8% to 702 million arrivals, with Asia Pacific leading at 10% growth and Bangkok topping visitor numbers at 30.3 million.
CBRE analysis shows diversified visitor base and weak yen will offset Chinese travel restrictions, with European, US, and Australian tourists providing stronger spending power.
Australia leads Asia Pacific with 84% of submarkets showing RevPAR growth, driven by occupancy increases rather than rate hikes, while compression patterns shift from midweek corporate to weekend leisure demand.
HVS executive outlines three investment priorities for MEA hospitality: sovereign-backed mega-developments, AI-enhanced valuation models, and ESG integration as capital prerequisites.