UNWTO returned to ITB Berlin with a clear message: Tourism is back and committed to delivering positive change that goes beyond the sector itself.
It’s time to re-evaluate hotel performance metrics, says HVS
Hotel operators need to learn to manage the entire building they operate and start thinking of performance in terms of the total revenue or profit per available square meter, giving a more accurate assessment of the property’s success.
U.S. hotel results for week ending 4 March
U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March.
Trip.com Group to deepen collaborations to promote Japan as a key destination
Leading travel service provider Trip.com Group today announced that it would strengthen collaborations with its stakeholders to promote and position Japan as a destination in a post-Covid environment.
Investors circling Australian hotels after 2022 transactions hit $2.14 billion
Australian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of stabilisation in interest rates and inflation according to new CBRE research.
Meyer Jabara Hotels outperforming businesses inside and outside hospitality
Big news was revealed during the Meyer Jabara Hotels Leadership Conference last month. President Justin Jabara reported to representatives of the company’s 31 owned and managed hotels that the company is coming off a record-setting year.
Hyatt’s growth across Europe, the Middle East and Africa bolsters position as a global leader in luxury
Hyatt Hotels Corporation today shared that 45 percent of the properties that joined Hyatt’s system in 2022 were based in EAME markets and the region’s contribution to the Hyatt growth journey continues into 2023 through a strong pipeline with ten percent of Hyatt’s 117,000 rooms record pipeline, as of fourth-quarter earnings, expected to join the portfolio in EAME markets. Properties classified as lifestyle hotels make up nearly one-fourth of the EAME pipeline, expanding the portfolio to more sought-after leisure destinations and strengthening the World of Hyatt value proposition.
Corporate recovery and limited-service hotels fuel hospitality investor optimism
A bounce back in demand for corporate accommodation and growing potential for limited-service hotels means hospitality investors are ‘mutedly optimistic’ about the year ahead.
China’s unswerving pursuit of common prosperity
A report from People’s Daily: Wang Chuan, a villager of Zhanghe village in north China’s Shanxi province, now is busy preparing his B&B hotel every Friday.
U.S. hotel results for week ending 25 February
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 25 February.
