How Three—or Four—Factors Have Combined to Increase Travel's Affordability
Below, we take a deep dive into the data and what it means for travel.
By Aaron Szyf, Economist, U.S. Travel Association
News
AHLA Statement in Support of the Hotel Fees Transparency Act
American Hotel & Lodging Association (AHLA) President & CEO Chip Rogers is speaking out today in support of the Hotel Fees Transparency Act, which was introduced in the U.S. Senate by Sens. Klobuchar (D-Minn.) and Moran (R-Kan.).
Choice Hotels Survey finds consumers are prioritizing experiences and exploring the U.S. and want to spend less than $200/night on lodging
Today, Choice Hotels International, Inc. (NYSE: CHH), released its first Choice Privileges State of the American Traveler Survey, a poll of more than 2,000 U.S. adults that sheds new light on Americans' travel plans and priorities this summer and beyond. This survey, conducted in partnership with Harris Poll, comes as nine new brands with nearly 600 hotels, including Radisson Blu, Radisson and Country Inn & Suites, are now available to be booked on ChoiceHotels.com. Earlier this week Choice announced the successful integration of the Radisson Rewards Americas loyalty program into the award-winning Choice Privileges program. This enables the nearly 60 million Choice Privileges members to earn and redeem points at over 7,400 hotels across 22 brands in 45 countries and territories.
As Camping Popularity Surges, RV Resorts Look to Capitalize With Hotel-Like Comforts
Over the past several years, H&LA has seen a marked increase in interest from developers and investors in campgrounds and RV resorts. RV parks are rebranding as resorts as they add more amenities. Though camping is far from a new phenomenon, its uptick in popularity during the COVID-19 pandemic helped introduce it to many first-time campers, which boosted participation to higher levels. One of the most popular pastimes in North America, camping has the added benefit for travelers of also being one of the most affordable and accessible vacation options.
By Anthony DiPonio, CHIA, Associate, Hotel & Leisure Advisors (H&LA)
Hilton Grand Vacations to Host Hospitality Suite at the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX
Hilton Grand Vacations Inc. (NYSE:HGV), the industry-leading global vacation ownership company, announces it will host a premier on-track hospitality suite for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX. As an official event partner, HGV will offer an exclusive opportunity for fans to take in the spectacle of 20 cars roaring around the iconic sights of Las Vegas at over 210 mph from a luxurious setting.
Crescent Hotels & Resorts Adds the Iconic Mission Inn Hotel & Spa to Luxury Management Portfolio
Crescent Hotels & Resorts, the award-winning operator of over 120 hotels and resorts, announced the addition of The Mission Inn Hotel & Spa to its Latitudes: Lifestyles by Crescent portfolio. The iconic AAA Four-Diamond hotel evokes the graceful ambiance experienced by its very first guests in 1876.
AHLA Survey: Most Americans more likely to stay in hotels, vacation this summer vs. last
This summer, most adults are more likely than they were in the summer of 2022 to stay in a hotel and take vacation trips, according to a new national Hotel Booking Index survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult.
Industry Perspectives: Looking Ahead for the Travel Industry
These insights and perspectives help us understand how some of the largest travel corporate players are viewing the state of the economy and its impact on the travel industry as well as the main factors they are monitoring that may hinder their continued growth.
By Jamie Mageau, Director of Research Products, U.S. Travel Association
LuxUrban Hotels Signs Master Lease Agreements to Operate Boutique Hotels in New York City and Los Angeles Adding 214 Units to its Portfolio
LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today that it has signed a 25-year Master Lease Agreement (MLA), inclusive of two five-year options, to operate the Condor Hotel in Williamsburg, Brooklyn (“Condor Hotel”). The Company also signed a 15-year MLA, inclusive of one five-year option, to operate the Trinity Hotel (“Trinity”) in Los Angeles, California.
GBTA Commends Biden Administration Ending Covid-19 Vaccination Requirements for Non-U.S. Travelers
The Global Business Travel Association (GBTA), the voice of the global business travel industry, supports the decision and recent announcement by the Biden Administration to no longer require non-U.S. travelers entering the United States via air, land and seaports of entry to be fully vaccinated against COVID-19 and provide related proof of vaccination upon request.
Magnuson Hotel Virginia Beach renews thirteen-year-old affiliation with Magnuson Hotels
Magnuson Hotels has announced the renewal of affiliation with Magnuson Hotel Virginia Beach, its midscale franchised hotel that first joined the group thirteen years ago in 2010.
Choice Hotels International 67th Owner & Franchisee Convention Concludes, Setting the Roadmap For Franchisee Growth Through 2023 and Beyond
Choice Hotels International, Inc. (NYSE: CHH) concluded its 67th Annual Convention in Las Vegas last week with new brand announcements, award recognition for top hotels in Choice's global portfolio, and a clear vision for continued growth and success in the year ahead – reflecting Choice's strategy of strengthening its entire system with new hotels entering and reinvesting in the guest experience following its acquisition of Radisson Hotels Americas.
Marriott International Global Headquarters Profiled in Fortune
Fortune’s CFO Daily recently profiled Leeny Oberg, Chief Financial Officer and Executive Vice President, Development in a piece about Marriott’s brand-new global headquarters. Leeny led Fortune on a behind-the-scenes tour of the building.
Meyer Jabara Hotels Adds Top Performing Holiday Inn Express Aiken to its Growing Portfolio
Meyer Jabara Hotels has been selected by Miami-based Pappas Hotels to manage the 95-room Holiday Inn Express & Suites in Aiken, S.C. The limited-service hotel without food and beverage is a top performer in the IHG portfolio. This deal marks the fourth Holiday Inn Express to be managed by MJH and its third hotel in South Carolina.
Independent Hotels Have Largely Shed 'Inferiority Complex'
Between the 1950s and the year 2000, hotel owners wishing to expand business beyond their local community had two options.
By Thomas Magnuson, Co-Founder & CEO Magnuson Hotels, Magnuson Hotels
Visa Progress in India Results in 50% Reduction in Applicant Wait Times
Wait times for U.S. visitor visas among applicants in India, a top source of visitors to the United States, declined rapidly in recent weeks—dropping from 669 days in mid-March to 337 days in early April.
Customers Give Hotels ‘5 Stars’ as Guest Satisfaction With the Industry Surges, ACSI Data Show
Good news for the travel industry: Not only are folks giving in to wanderlust again, but they’re enjoying all the accommodations along the way.
U.S. Travel Applauds Federal Return-to-Work Plan, Encourages Admin to Set Timeline
U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Biden administration’s new guidance for federal employees to return to in-person work:
Hotel Conversions to Residential Use Heat Up
As economy and budget hotels are nearing the end of their economic life, some properties are finding new capital for renovations from buyers seeking to convert properties to residential use. In this article, we provide a sample list of hotels that have gone through this metamorphosis.
By Rodney Clough and Koby Kearney
Data Security and Privacy in Hospitality – Who’s Paying the Bill?
One of the most valuable assets of a hotel brand is information – detailed personal information about guests at their hotels, participants in their loyalty programs, and visitors to their websites. This information allows hotel brands to focus on creating guest loyalty, acquiring potential guests, engaging in effective marketing, expanding market share, and creating properties and services that entice and satisfy hotel guests. Because of this, hotel brands have long contended that they “own” hotel guest data and have unencumbered rights to use it, without respect to the interests of hotel owners and even the guests themselves.
By Robert Braun, Partner, Jeffer Mangels Butler & Mitchell, LLP, JMM