As of 4 April, the Thursday-Sunday (7-10 April) average in the market is 89% with a peak of 94% on Saturday night.
U.S. hotel profitability back on the rise after Omicron-induced dip
After falling to roughly US$20.00 in January, gross operating profit for U.S. hotels reached highest level in the metric since October 2021.
HSMAI Insight: Ownership group executives talk demand, talent best practices
HSMAI recently gathered insights from leaders at Apple Hospitality REIT, Ashford, BRE Hotels and Resorts, Noble, Pebblebrook Hotel Trust, Summit Hotel Properties, and Abu Dhabi National Hotels during its Ownership Group Commercial Executive Roundtable.
India hospitality industry overview 2021
The year 2021 has been nothing short of a roller coaster ride for the Indian hotel sector.
Radisson Hotel Group commits to Net Zero by 2050
Radisson Hotel Group’s 2021 Responsible Business Report outlines its latest sustainability targets in line with its strategic five-year plan.
U.S. hotel results for week ending 26 March
With lower Spring Break travel volume, U.S. hotel performance dipped slightly from the previous week.
U.S. Travel: International delegates return in strong numbers
Ten weeks out, IPW registrations by international buyers and media have nearly doubled last year’s international delegate count.
Accor optimistic of 2022
An uplift in occupancy levels on the Sunshine Coast and Gold Coast is driving a resurgence in Queensland hotel performances for Australia’s largest hotel group.
Three key developments in the U.S. OTA market
OTAs showed welcome recovery in 2021, buoyed by continued strength in domestic travel.
Recent expense rise presents threat to hotel profit
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound.
