At the recent annual meeting of Cayuga Hospitality Consultants, we brought together a panel of experts to discuss the state of transactions and development in the hotel industry.
The Impact of Cannabis Legalization on the Hotel Industry
During our Annual Cayuga Hospitality Consultants Conference in November 2024, Tyler Jacobson of 4B Marketing and Hybrid Marketing Co. presented cannabis usage trends from a recent survey and discussed their connection to the travel industry.
IHG Partners with China UnionPay, pioneering a new era of digital payments in the hotel industry
IHG Hotels & Resorts announces a strategic partnership with China UnionPay that offers a new level of digital convenience for travellers in Greater China. Through this partnership, holders of both domestically and internationally issued UnionPay credit cards can now complete pre-authorization without card presence for online reservations through IHG’s direct channels, such as the IHG APP and WeChat mini-program.
All about the all-inclusive model
The AI model has rapidly evolved to include elaborate food and beverage offerings, unique experiences and wellness treatments among others.
Bogotá hotel industry reported highest RevPAR on record in March
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.
Majority of Americans view bipartisan immigration reform as solution
On Thursday, the hotel industry launched the Workforce & Immigration Initiative to emphasize the need for Congress to support the U.S. workforce and economy through bipartisan solutions to fix our nation’s broken immigration system, as reported in Hotel Business, Hotel Management, and Travel Daily News, among others. This comes as discussions on immigration reform in Congress ramp up before the end of the year and nearly all hotels are experiencing staffing shortages. Hotels are looking to fill many of the jobs lost during the pandemic, including more than 105,000 hotel jobs currently open across the nation.
Choice Hotel Asia Pacific Q3 results forecast strong growth for hotel industry
Development opportunities are strong as Choice Hotels Asia Pacific continues to outpace market RevPAR in Q3
Hotels’ recovery continues, workforce challenges remain
The hotel industry continues to make strides toward recovery but faces major workforce challenges that could impact progress.
Rejuvenating the spa industry post COVID-19
The human race will come out of this global pandemic stronger, healthier and with a possibly transformative focus on wellness. Here are six ways the spa industry will have to adapt.
Hotel and Travel outlook in 2021
56% Expect to Travel for Leisure; Business Travel Not Expected to Return Until 2024; Consumer Comfort with Travel Linked to Vaccine Distribution.
