CODE Hospitality Launch ‘Happiness In Hospitality’ Report For 2022
CODE Hospitality, the hospitality industry network, has released their fourth official survey of the industry as a place to work, for 2022.
Reports
Travellers Seeking to Redefine Value in 2023 – New Skyscanner Report
Travel marketplace Skyscanner is today publishing a new report exploring the latest trends in global travel. Titled Skyscanner Horizons: Outlook in 2023 as travellers redefine value, the report unpacks and explores a combination of consumer survey and proprietary search and booking data to provide a unique view of how travellers are thinking about their plans for the next 12 months.
Cornell's Center for Hospitality Research (CHR) Latest Annual Report
2022 marked the Center for Hospitality Research's 30th anniversary, and thanks to the contributions of the faculty at the Cornell SC Johnson College of Business, our industry board members, staff, students, and everyone who participated in our programs and events, the CHR had a very successful year.
Marriott International Publishes Latest Report on Environmental, Social, and Governance Progress
Marriott International, Inc., today released its 2022 Serve 360 Report presenting data from 2021 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company’s 2025 Sustainability and Social Impact Goals. The Report can be accessed on the Serve 360 website.
Leading’s Luxe Report: Fall 2022
We invite you to explore the state of luxury hospitality through the eyes of The Leading Hotels of the World, the unrivaled leader in luxury hospitality for more than nine decades. Glean insights from LHW executives on the industry’s outlook, trending travel behavior by LHW’s discerning travelers, and destinations and hotels to watch.
Inaugural Benchmarking Report: The State of Gender Eqaulity in the Travel and Hospitality Industry
Diversity, equity, and inclusion is an area of intense focus and scrutiny across the travel and hospitality industry. Gender diversity, especially, is capturing attention because women represent a significant share of industry employees, yet a key industry theme is the challenges women face in obtaining promotions, earning the same salaries as men, and ascending into leadership positions.
EHL Industry Report: Driving Flexible Working Structures in Hotels
Given LeadingHôtelières purpose (increase female leadership in the hospitality sector) and changes in theworld of work and employees’ expectations, we sought to understand the contributing factors and outcomesof flexibility in the hospitality industry (i.e., hotels). Key takeaways from the study are:
Trip.com Group releases consumer report on the future of “The Sustainable Trip” to identify opportunities for the travel industry
Trip.com Group, a leading global travel service provider, today released its inaugural "Sustainable Travel Consumer Report 2022", celebrating World Tourism Day. The report sheds light on the increased acceptance of sustainable travel and its implications for the travel industry and the wider world.
WTTC publishes ground-breaking report on how Travel & Tourism can reverse nature loss
A new report published today by the World Travel & Tourism Council (WTTC), shows how Travel & Tourism can play a critical role in halting and reversing the destruction of nature.
Kempinski Hotels releases its first Environmental, Social and Governance (ESG) report
Kempinski acknowledges that the travel industry must accelerate efforts to mitigate its contribution to climate change and is therefore pleased to have published its first Environmental, Social and Governance (ESG) report 2021.
RIU Hotels & Resorts shares its 2021 Sustainability Report
2021 was a year of all-around recovery for RIU Hotels & Resorts, as well as a year full of courageous decision-making and new investments. Presented yesterday by RIU to its stakeholders in July, the report is the first of its kind, as, in addition to being the company’s Corporate Social Responsibility report, it also presents the hotel chain’s major indicators and projects in 2021.
[REPORT] Leisure and Hospitality Employment
While the overall U.S. jobs market has now surpassed pre-pandemic levels, the Leisure & Hospitality (L&H) industry still remains far behind in its recovery of lost, and desperately needed, jobs.
AHLA Foundation Issues 2022 Report on Diversity of Hotel Industry’s Public Company Boards
The American Hotel & Lodging Foundation (AHLAF) – a philanthropic organization that aims to elevate, educate and empower the hospitality workforce – today released the 2022 “Diversity of Hospitality Industry Public Boards” research report. Aiming to create an industry “as diverse as the guests we serve,” this research aligns with AHLA’s 5-year, $5 million commitment to advance DE&I across the hospitality arena.
Quarter of a million vacancies in Travel & Tourism threaten Italy’s economic recovery, says WTTC in new report
A new study by the World Travel & Tourism Council (WTTC) has revealed the recovery of Italy’s Travel & Tourism could be jeopardised if quarter of a million jobs across the sector remain unfilled.
130,000 vacancies in Travel & Tourism threaten UK economic recovery says WTTC in new report
The World Travel & Tourism Council (WTTC) warns the Travel & Tourism sector’s recovery is at serious risk as nearly 130,000 jobs go unfilled across the UK.
Report: Hotels’ Recovery Continues, Workforce Challenges Remain
Midway through 2022, the hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year, according to the American Hotel & Lodging Association (AHLA)’s 2022 Midyear State of the Hotel Industry Report. Hotel room revenue is projected to surpass $188 billion by the end of 2022, eclipsing 2019 figures on a nominal basis. When adjusted for inflation, however, revenue per available room (RevPAR) is not expected to surpass 2019 levels until 2025.
WTTC launches new report on best practices for short-term rentals
The World Travel & Tourism Council (WTTC) has launched a new ground-breaking report that outlines recommendations and best practices for jurisdictions to manage short-term rentals – a fast growing and important segment of the Travel & Tourism sector.
5 insights into the 2020 forecast for US hotels
The odds of the U.S. economy entering a recession in 2020 have fallen to around one in four, according to Tourism Economics President Adam Sacks, but an inevitable slowdown in economic growth is a reality that the travel and hotel industries will have to live with for the foreseeable future.
Hotel Values Moderate, Cap Rates Stable
Despite increasing concerns about a global economic slowdown, the trade war, and geopolitical risks, the U.S. hotel transaction market remained healthy and active in 2019. According to preliminary data generated by Real Capital Analytics (RCA), total sales volume declined by 15%, from $43.6 billion in 2018 to $37.1 billion in 2019, though as will be illustrated, the decline was due primarily to lower portfolio sales activity.
By Suzanne Mellen, Senior Managing Director - Practice Leader, San Francisco, HVS
Luxury Hotels: Elevated Occupancy and Expenses
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August 2019, STR reports that just 0.7 percent of the hotels (2.3% of rooms) in the United States are chain-affiliated luxury hotels. Concurrently, the STR pipeline report shows that 1.2 percent of the properties (2.9% of rooms) either under construction or planned for development meet this criterion.
By Mark Woodworth and Robert Mandelbaum