Today’s time-deprived travelers are combining business and fitness, in an effort to keep their well-being routine while on the road.
Caesars Palace Las Vegas to celebrate Golden Anniversary
Summer of Caesars Celebration Kicks Off June 17, 2016.
Hotel management contracts: bargaining power is shifting
Although most of the financial risk still rests with the owner, operators increasingly have considerable incentive to operate as effectively as possible.
Mövenpick named a ‘global leader’ in sustainable practices by Green Globe
The Swiss hospitality firm has been recognised as the most ‘Green Globe certified hotel company in the world’ by industry-renowned certification body.
$40.5b spent on US hotel real estate in 2015
The total represents a significant increase from the roughly US$30 billion invested in the industry during 2014.
Recession risk for US hoteliers rising says predictive analytics firm
The six month growth rate of HIL, a long-term growth predictive analytic which confirms the underlying cyclical behavior in the growth of US hotel business, has consistently slowed down in the last thirteen months, hitting an annual growth rate of 0.1% in April from a high of 5.9% in February of 2015.
Marriott partners with Hurun Research to shed light on China’s luxury travelers
China’s young luxury travelers go abroad every 3-4 months, mainly for leisure, spending RMB 420,000 (US$65,000) on tourism per year and RMB 220,000 (US$34,000) on travel shopping.
Solo travel on the rise
According to the U.S. Travel Association, 23 percent of all leisure trips are taken alone and the trend is expected to escalate—17 percent of 44,000 travelers polled in a TripAdvisor survey plan to embark on a solo trip this year.
Cachet Hotel Group forms partnership with Arjomand Group
By joining forces, CHG and the Arjomand Group will grow CHG’s collection of hotel, restaurant and nightlife brands in the United States and Middle East.
China’s hotel pipeline shows second consecutive quarter of YOY decline
According to a recent China Construction Pipeline Trend report from Lodging Econometrics (LE), the China Pipeline at Q1 2016 has 2,448 Projects/549,222 Rooms, down 8% by projects and 1% by rooms Year-Over-Year (YOY).
