Are hotel room rates too high?
Thanks to surging demand, hotel rates have skyrocketed this summer, with some particularly hot markets, such as Hawaii and Florida, reaching record highs.
External Articles
Hotel Brand Executives Outline Thoughtful Approach to Tech Investment
The hotel industry has a reputation, at least internally, of being behind the times and slow to adopt new technology, but hotel brand executives said that’s not necessarily the case.
Airline stocks tumble as economic concerns overshadow travel surge
Packed planes. Sky-high airfare. An end to Covid testing for international arrivals. So much is going in airlines’ favor these days — except their share prices.
Hotel Investors Not Worried About Potential Economic Pause
Interest rate increases, the higher cost of debt and possibilities of a recession are factoring in to the overall hotel investment landscape, but the industry’s continuing strong performance metrics have investors confident in a more normalized playing field in the near future.
No Hint of Recession Fears on First Day of NYU Hospitality Conference
The U.S. travel landscape is approaching a more level, balanced field than it has in the years since the start of the COVID-19 pandemic, and hoteliers are determined to keep industry performance on a steady track, despite obstacles in the form of inflation and a possible economic recession.
Gas Prices, Flight Cancellations Show We Need Better Rail Options
Over the last several months, Hotel News Now has run several stories about U.S. hoteliers’ high expectations for summer travel demand in all guest segments.
Gas Prices, Inflation Don't Worry US Hotel Executives
The price of gas continues to rise in the U.S., but hoteliers aren't nervous that surging fuel prices or inflation might dampen summer travel demand.
How the pandemic has changed hotel breakfasts
Hotel breakfasts aren’t what they used to be. The pandemic has changed them, sometimes making them better, sometimes making them more expensive and sometimes making them vanish. And as many travelers are about to discover this summer, the changes may be permanent.
This NYC Hotel Is the First in the US to Offer Bookings Via NFT
Crypto owners looking to combine their digital assets with something in the real world have a new option: Take a vacation.
OTAs flex marketing muscle to lure travelers seeking sun and sand
U.S. travel booking firms are spending heavily on marketing to get more people to book flights and accommodation on their apps and websites as they look to make the most of a post-pandemic boom in tourism during the upcoming summer season.
US Hoteliers Map Solutions To Hit Hiring Goals for Summer
Several job openings across hotel departments remain unfilled as U.S. hoteliers prepare for a busy summer travel season.
Hotels Are Trying to Recapture Losses With Skyrocketing Prices Too Bad Service Isn’t Following.
On one day in April 2020, American airports were so empty that the TSA screened around the same number as it might have in the late 1960s—just under 90,000, a figure down 90 percent from the more than 2 million who’d breezed through regularly each day a few months earlier. It’s startling, then, to compare figures now: According to the TSA, commercial airports have gained back more than half of those pre-pandemic fliers, and private-jet flights stateside are up 9.5 percent over last year, per business-aviation analysts at Argus.
Big travel company CEOs hope market, economic turmoil won’t derail a summer season rebound
As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer.
Can the Hotel Industry Reach a Carbon Positive Future?
The environmental impact of new construction is both dire and intensifying. Not only do buildings account for nearly 40 percent of greenhouse emissions in the United States, but the world builds the square footage of New York City every 35 days. Seeking to circumvent this trend, real estate developer Urban Villages is envisioning a first-of-its-kind hotel opening in Denver next year. Designed by Studio Gang, the 265-room Populus will become the country’s first carbon positive hotel thanks to sustainable construction and a substantial ecological effort offsite that involves planting trees across 5,000 acres of forest.
CEO's Advice to Hotel Owners and Operators: Stop Wasting Money on Online Travel Agencies
Being a successful owner and operator of hotels is simple, said Tyler Morse, chairman and CEO of MCR Development.
Destinations are using geolocation data to manage tourism growth
With the pandemic having heightened concerns about overtourism, some destination marketing organizations are turning to geolocation data to find creative solutions.
US travel costs surge as vacation demand ramps up from pandemic lows
U.S. travel costs are soaring as demand reaches some of its highest points since the global pandemic began, a trend that shows little sign of stopping as summertime travel heats up.
‘Life is Short’ Mantra Drives U.S. Hotel Prices to Record Highs
American travelers are raring to go, and rising hotel prices aren’t stopping them. For evidence, see what Miami hotels are demanding on the weekend in early May when the Formula 1 racing series comes to town: The 1 South Beach is requiring four-night minimums at just under $4,000 a night, while the Hampton Inn in the city’s Brickell neighborhood is charging more than $400 a night.
Hoteliers Say Higher Gas Prices Haven't Curbed Hotel Demand in US
Americans are paying more to put gas in their cars, but the impact on the hotel industry and the summer leisure season is likely to be minimal. Pressure to increase domestic oil and gas production, however, could lead to greater hotel demand from workers in that industry in certain markets.
Hotel Developers Pause Projects as Materials, Labor Are in Short Supply
Hotel development executives are focused on increasing their margins and brand collaboration throughout the rest of the year.