HNR News Issue: July, 18 2023 |  Read Online

Travelers React to AI-Generated Travel Ads

It can be difficult to get a firm overview of what GPT (Generative Pre-trained Transformer) models might mean for the future of the travel industry – or, indeed, humanity. While many commentators have an opinion, there are comparatively few experts in the field able to offer definitive insight. I do not pretend to be one of them, but by being a fierce and 'greedy' observer of what is happening in the tech field and in the travel industry, I can see all the potential but also the current limits of the tool. Read more

Throughout this exclusive interview with the host of No Vacancy Live, the number one podcast in the hospitality industry, Glen Haussman at The Hospitality Show exhibit, Reidy sheds some light on how hoteliers are leveraging advancing technology to reduce labor-related issues while simultaneously lowering other operational expenses.  Read more

From Solo Travel to 'Pay-Cations,' Young Americans Lead 2023 Travel Trends with Wellness at the Forefront Read more

Global occupancy (excluding the U.S) at 70.9% clipped the post-pandemic high of 70.8% recorded three weeks ago. That measure was up 6.1ppts YoY with ADR rising 13.2% YoY to US$158. Read more

In June, the Baird/STR Hotel Stock Index lagged the S&P 500 (+6.5%) but outperformed the MSCI US REIT Index (+4.3%). Read more

In the latest updates on the regional market performance of the hotel industry in the United Kingdom, we share year-to-date data from May for 2023 compared to the same period in 2022 and 2019, according to HotStats’ monthly Hotel Benchmarking reports. Read more

Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR. Read more

Jakarta’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) levels since October 2018, according to preliminary June 2023 data from STR. Read more

From brands like Fendi and Dior to retailers like Saks and The Webster, everyone's setting up shop in fancy hotels this summer. Read more

United Kingdom hotel loan agreements are undergoing summer stress testing as debt maturities peak. Read more

HVS Brokerage & Advisory, in cooperation with Jennifer Stein Real Estate Inc., as the sole and exclusive advisory firm to ownership, present the opportunity to acquire the 56-key Days Inn by Wyndham Lake Village, a limited-service hotel asset in Lake Village, Arkansas, that is currently owner-operated and will be sold without management encumbrances. Read more

The property, set to begin construction in early 2024 and open in Summer 2026, will have around 275 rooms and suites and an additional 150 branded serviced apartments. Read more

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