Paris, the global capital of tourism, prestige, and hospitality, finally receives the landmark hotel ranking it truly deserves — built solely on the voices of over 800,000 guests.
Ecole hôtelière de Lausanne (EHL) recently released a comprehensive Hospitality Innovation Industry Report, authored by Dr. Carlos Martin-Rios, an Associate Professor at EHL.
The publication continues to serve owners as a reference for which operator has a strong presence in their home market and in potential future markets further ashore as well as key feeder markets across the region.
On Monday, April 10, the 21st edition of the Global Lodging Forum will begin. this year it will adopt a more participatory format through presentations, round tables and workshops. The global theme will be: "Where will you be the day after? Actor or victim of the restructuring of the Hospitality Industry?", a specific round table will cover the economic model of the franchise, early afternoon in the rooms of the Pullman Paris Montparnasse.
Despite global economic uncertainty, business travel in the United States will grow at "stable and steady" rates over the next two years, according to the latest forecast from the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA).
As we close the books on 2010, many in the travel industry are likely to add the following refrain to their last chorus of Auld Lang Syne: “Are We There Yet?” If so, the simple answer is “well, almost.” Yes, monthly reports of new job losses have abated and the index of consumer confidence has displayed a modest upward trajectory in recent months. Yet according to the Ypartnership/Harrison Group Portrait of American Travelers(SM) and travelhorizons(TM) national surveys*, Americans remain cautious about spending on travel services in the year ahead. More specifically, their planning and purchasing behavior reflects a “New Frugal” attitude that is likely to prevail throughout the entire year, if not well into 2012.
Despite the worst recession since the Great Depression, a staggering credit crisis involving New York City’s financial sector, and a substantial influx of new lodging supply, Manhattan is a real success story, remaining the top hotel market in the U.S. in 2009. Tourism fell less than expected, and for the first time in 20 years, New York City became the most popular tourism destination in the country, surpassing Orlando. This performance proves that New York City’s attributes and strong foundation allow it to bounce back quickly from crises.
The current economic conditions has impacted the travel industry and according to PhoCusWright, revenues are projected to decline 3% to reach $93 billion for the online leisure/unmanaged business travel market in 2009 (the first decline since tracking began in 1998). While the economy is hitting the travel industry and forcing cutbacks in spending, there has also been an increasing trend for consumers to seek out all-inclusive vacation packages for easier budgeting - one price for everything.
NEW YORK -- Global hotel markets are expected to continue to feel pressure from contracting economies and reduced leisure and business travel across much of the world in 2009. However, despite declines across most major regions of the world in 2008, operating performance in the global hotel industry remained profitable as hoteliers focused on controlling costs and preserving the bottom line, according to a report released today by Ernst & Young LLP.
This global overview of the youth and student travel industry – reveals the latest trends in youth travel destinations, products and innovations – based on in depth studies conducted by WYSE Travel Confederation and UNWTO over the past 5 years…
As extended stay hotels gain in popularity across Europe – a few pioneer properties are nearing completion or are already in operation – guests, developers and operators are excited about the prospects for this new class of hotel. HVS analyses the supply and demand patterns that govern the serviced apartment sector in Europe and ultimately answers the question: extended stay – where are the opportunities?
CLEVELAND, Ohio | The Lexington Collection of fine Hotels, Plaza Hotels, and Resorts bid adieu to members and participants of its debut conference in Las Vegas last week with a look back at its first year accomplishments and exciting news for the future.
Iconic venues such as Twickenham, the Brit Oval, Lord’s, Cheltenham and Doncaster racecourses and Silverstone have announced plans to develop or are already building hotels and state of the art business and conference facilities to match their first class sports facilities. PricewaterhouseCoopers examines the scale, rationale and opportunities behind this trend.
Our ninth annual study of board practices and performance in the lodging industry determined that Starwood Hotels was the best in market. This marks the second time that Starwood has topped the list of publicly traded lodging companies. The last few years there have been tremendous changes in the area of corporate governance and executive pay. We have seen new laws put into effect that have changed the ways from the “crony boards,” where board rooms of publicly traded companies were filled with friends or family members of CEO’s, to laws for “independent” boards where there is no tie between the company and the CEO. This year we said goodbye to a few companies that have now gone private (Four Seasons, Fairmont and a number of REITs) and added Morgans Hotel Group.