A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.September 2023 YTD per-available-room metrics (% change from September 2022 YTD)
The hospitality industry has suffered major labor shortages, as of earlier this year, over 2 million hospitality jobs were open and job reports show little change since.
New federal disclosure requirements for your businesses and entities will become effective January 1, 2024 – the reporting requirements are burdensome, can be triggered multiple times in a single calendar year and are subject to both civil and criminal liability. Accordingly, you should prepare to comply with the new law now.
Yesterday, Hilton’s Vice President of Environmental, Social and Governance (ESG) and Global Head of Sustainability, Jean Garris Hand, testified on behalf of Hilton and the American Hotel & Lodging Association (AHLA) to the U.S. Senate Subcommittee on Tourism, Trade and Export Promotion. The hearing, titled “Sustainable Tourism for a Thriving Economy,” explored how to build a sustainable travel and tourism sector while balancing the needs of businesses, visitors, and local communities.
HSMAI Foundation hosted a series of three Americas Faculty forums, with faculty specializing in hospitality sales, marketing, and revenue education. We gathered each group to discuss emerging trends, prevailing challenges, and how HSMAI and the HSMAI Foundation can partner to shape the future of hospitality education. These discussions highlighted a shift towards integrating technological advancements and strategic thinking into the curriculum.
Twin Peaks Lodge and Hot Springs, located in Ouray, Colo., is using technology to simplify operations at a time when its team needs it most. The 93-room hotel has a storied history, beginning life as a two-story residence built in 1893. Over the years the property was transformed into a business, expanded, renovated, changed hands, and more, but the spirit of what it provides to the community of Ouray remains consistent. Despite being founded in the 1800s, the hotel’s ownership team had a modern vision and turned to Maestro PMS to improve their digital operations and capabilities.
DD Partners, LLC of Birmingham, Alabama, and Marietta, Georgia, Peachtree Group of Atlanta and Woodbine Development Corporation of Dallas announced the development of Embassy Suites Gulf Shores, a full-service resort overlooking the Gulf of Mexico and its renowned white sand beaches - located in Alabama's No. 1 tourism destination, the City of Gulf Shores.
Extended Stay America®, the leading mid-priced extended stay hotel brand family in the United States with more than 700 hotels, announced today the opening of the Extended Stay Premier Suites - San Diego - San Marcos, located in San Marcos, California.
AHLA Foundation, the charitable arm of the American Hotel and Lodging Association (AHLA), has received a $605,000 grant from the Conrad N. Hilton Foundation to support its Empowering Youth Program (EYP) over two years.
Auberge Resorts Collection is pleased to announce the appointment of Justin Robbins to general manager of Goldener Hirsch, Auberge Resorts Collection, the collection's Austrian ski chalet-inspired mountain retreat in the year-round destination of Deer Valley, Utah.
U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on the U.S. Department of Homeland Security’s (DHS) Friday announcement that it will make available an additional 65,000 H-2B temporary worker visas for FY24:
Stayntouch, a global leader in hotel property management systems (PMS), has announced an exciting partnership with MacNaughton, a full-service real estate and investment company based in Hawaii. MacNaughton has chosen Stayntouch to provide a flexible cloud PMS for three of its properties in Hawaii: Waikiki Malia, Lotus Honolulu, and Hotel Renew.
This October, Tru by Hilton, Hilton’s (NYSE: HLT) game-changing, midscale brand, welcomed new hotels in North Carolina, South Carolina, Texas and Virginia. Together, the five new Tru by Hilton locations in the U.S. have pushed the seven-years-young brand past a milestone of 250 open hotels.
Four Seasons Hotel Nashville has appointed Sunil Narang as General Manager. Narang has been with Four Seasons for more than 27 years, leading properties for the renowned hotel brand across the world.
HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned full-service hotels, with a portfolio of more than 100 properties across the United States, recently announced that it has assumed management of the 317-room Renaissance Times Square. The hotel was recently acquired by Newbond and Apollo Global Management, who then tapped HEI to manage the property. Renaissance Times Square is located in the heart of Times Square, steps away from the best of New York City’s Theater District and its array of attractions.
After the Department of Homeland Security announced plans to make available an additional 64,716 H-2B temporary nonagricultural worker visas in Fiscal Year 2024, AHLA President & CEO Chip Rogers released the following statement:
HSMAI South Florida continued the awarding of its annual Dr. Peter Ricci Scholarship at the 2023 Annual GALA held at the Margaritaville Resort in Hollywood, Florida on October 30, 2023. Professor Greg Bohan, Instructor in the Hospitality and Tourism Management Program at Florida Atlantic University (FAU), accompanied by Karima Lanfranco, Hospitality Management Professor and Program Coordinator at Lynn University took to the stage to present checks to three students: Lauren Dwen (Lynn), Ariana Bukovac (FAU) and Aiden Lake (FAU).
From 2019 to 2022, U.S. hotel revenue saw the sharpest decline and subsequent recovery of any prior cycle. Prior declines due to economic and business “black swan” events required four to eight years for RevPAR to recover. The current market has seen RevPAR and overall revenue in the 12 months ending June 2023 reach a historical peak, just three years from the initial decline. The recovery is driven by exceptionally strong daily rate growth, as national hotel occupancy is still striving to recover to 2019 levels. The recent performance data is summarized in the chart below.
New Orleans consistently ranks among the top leisure destinations in the United States due to its reputation for food, drink, and music; the preserved Vieux Carré (French Quarter); and its innate culture of hospitality. In 2020, New Orleans’s most popular event, Mardi Gras, was held on February 25, but the city shut down on March 20 as COVID-19 infection rates began to increase. Thus, Jazz Fest and other conventions, events, and festivals for the rest of that year were canceled.
While Anchorage was significantly affected by the pandemic, a surge of independent travelers boosted the economy in 2021. More robust growth occurred in 2022 with the return of normal demand sources. Furthermore, the conversion of hotels to permanent housing has reduced the hotel supply in Anchorage and contributes to recent trends.