Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record according to preliminary March 2023 data from STR.
Europe’s key hotel markets showed improved profitability in February
Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according to STR‘s February 2023 P&L data release.
VisitEngland announces 15 Local Visitor Economy Partnerships
VisitEngland has today announced 12 destinations to gain Local Visitor Economy Partnership (LVEP) status, in addition to the three North East Destination Development Partnership (DDP) pilot LVEPs announced earlier this year.
U.S. hotel results for week ending 1 April
Aligned with normal spring break patterns, U.S. hotel performance showed mix comparisons from the previous week, according to STR‘s latest data through 1 April.
Marriott International signs agreement to debut the iconic St. Regis Brand in Xiamen
Marriott International, Inc. today announced it has signed a management agreement with Shengyuan Cultural Tourism to bring the iconic St. Regis brand to Xiamen in 2027. This highly anticipated signing will debut the first St. Regis hotel in Fujian Province, which is expected to feature the brand’s celebrated rituals, glamorous spirit, storied heritage, and signature Butler Service.
IHG partners with Steps to employ people with disabilities in Thailand
IHG Hotels & Resorts, one of the world’s leading hotel companies, is proud to announce a landmark partnership with Steps – an organisation that empowers employers to realise the potential of neurodivergent people.
U.S. hotel GOPPAR highest since October 2022
U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable and was the highest since October 2022, according to STR‘s February 2023 P&L data release. EBITDA was the only key bottom-line metric on a per-available-room basis to come in lower than February 2019.
UNWTO unites South East Europe tourism ministers around shared sustainability goals
UNWTO celebrated the Future of Environmental Sustainable Tourism in Albania (FESTA), setting the foundations for unprecedented high-level collaboration among Tourism Ministers in the region (Tirana, 3-5 April).
Accor bolsters its Melbourne portfolio and signs Mercure Melbourne St Kilda Road
Australia and New Zealand’s largest hotel operator, Accor, is thrilled to be expanding its portfolio in Melbourne and pleased to announce a signing agreement with Melbourne identity, Albert Dadon of Ubertas Group, to open a Mercure on Melbourne’s majestic St Kilda Road.
Marriott International launches new people brand “Be” to grow and empower global workforce
Today, Marriott International, Inc. announced it is launching its new people brand, “Be,” as the company continues its focus on attracting and retaining top talent around the world. The brand is launching as Marriott is named one of the top ten Fortune Media and Great Place To Work® 100 Best Companies to Work For® – a position Marriott has upheld since the list was established over a quarter century ago.
