Hotels in mainland Europe recorded their first year-on-year increase in profit per room in May, powered by growth across all revenue centers, according to the latest data tracking hotels from HotStats.
Despite RevPAR bounce, GOPPAR Drops at UK Hotels
Despite RevPAR growth, an increase in costs continued to chip away at profit levels at hotels in the UK in May, according to the latest data from HotStats.
UK PM announces new tourism sector deal
First tourism sector deal will prepare Britain for an extra 9 million visitors per year, with commitment to build 130,000 new hotel rooms by 2025.
GOPPAR bounces back, but cost concerns remain at U.S. hotels
Hotstats releases the latest revenue trends for U.S. hotels. Despite GOPPAR recovering, hoteliers are urged to keep and eye on costs which impact profits.
Marriott International poised to spend $500m with women-owned businesses in 2019
Milestone advances Marriott’s goal to spend $1 billion with diverse-owned businesses by next year
MENA hotels’ rate jump not enough to produce positive GOPPAR
despite an almost double-digit uptick in the average room rate, year-over-year profit per room at hotels in the Middle East & North Africa dropped in May
Radisson launches its first co-branded hotel
Following the Group’s acquisition by Jin Jiang International and Sino-Cee Fund late last year, Radisson Hotel Group identified the launch of co-branded hotels being a critical element to realize the true potential of the Chinese market.
BHMA renamed Cross Hotels & Resorts in preparation for growth
Formerly BHMA Hotels & Resorts, the business has been rebranded to Cross Hotels and Resorts, marking the successful transition into the global Flight Centre Travel Group business.
Airbnb enters the luxury market with Airbnb Luxe
Airbnb introduces Airbnb Luxe, bringing home sharing to the luxury travel market.
ACTE buyers only workshop reveals how travel buyers and suppliers can build better partnerships
ACTE is working to create a true partnership mindset between buyers and suppliers across the corporate travel industry. In a “Buyer Only Workshop” held during the Chicago Global Summit & Corporate Lodging Forum, travel buyers spoke about their pain points with commonalities across travel program scope, size, and spend.
