HNR News Issue: August, 9 2023 |  Read Online

HNR News
The State of the American Traveler in August 2023 - Travel Budgets and Planning Windows Shrink, TikTok & Podcasts Keeps Rising

The State of the American Traveler in August 2023 - Travel Budgets and Planning Windows Shrink, TikTok & Podcasts Keeps Rising

As Americans report lower anticipated travel budgets, they predict there will be less price gouging by travel companies. Meanwhile, on the marketing front, TikTok and podcasting continue to grow their reach as resources for travel inspiration. Read more

TODAYS BYLINES

 

Crisis Leadership

The Prepared Leader: The Five Phases of Crisis Management - By Erika James

In The Prepared Leader: Emerge from Any Crisis More Resilient Than Before, two crisis leadership experts - Wharton Dean Erika H. James and Lynn Perry Wooten, president of Simmons University - provide tools and frameworks for addressing and learning from crises. In the following excerpt from their book, James and Wooten identify the five phases of crisis management. Read more

 

TravelBoom Hotel Marketing Podcast

Hotel Marketing Podcast Episode 243 - Your Guests Are Demanding A Loyalty Program, Here's Proof

The OTAs have come out with some fantastic loyalty programs to take your guests. Do you have a solution? We do and on today’s podcast we dig into Expedia and VRBO’s new One Key loyalty program, the 2023 travel study, and what you need to do to keep your guests loyal to you. Read more

 

Building Management

Successful Hotel CO Inspections - By Clarisa James

A CO is a vital requirement before opening your new-build/renovated hotel. One area we often see overlooked within the process is telecommunications. To help get you started, we’ve compiled a checklist of key telecom-specific items to consider that may be subject to inspection. Read more

 

Trends

 

Market Report San Antonio

Tourism Generates $19 Billion Economic Impact in 2022 for San Antonio, Texas

New study reveals the industry impacted the local economy approximately 10% above the pre-pandemic peak in 2019 Read more

 

Hidden Fees

The Average Hotel Now Charges a Mandatory Daily Resort Fee of $26 - Seattle Times

Hotels are Returning Fire in the 'Junk Fee' War Read more

 

Market Report Germany

German Travel & Tourism Sector to Rebound to 95% of Pre-pandemic Levels

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Germany’s Travel & Tourism sector is recovering at pace to recover to within 95% of pre-pandemic levels. Read more

 

Market Report Europe

CoStar Reports European Key Hotel Markets Report Highest GOPPAR of 2023

Each of Europe’s key hotel markets saw year-over-year improvement and their highest 2023 levels in gross operating profit per available room (GOPPAR), according to CoStar’s June 2023 P&L data release. Read more

 

News

 

Oracle Cloud Marketplace

Rate Yield RMS Now Available on Oracle Cloud Marketplace

New integration with Oracle OPERA Cloud Platform makes it nearly seamless to optimize hotel rates in real time using Rate Yield’s automated revenue management software. Read more

 

Hotel Transaction Phoenix

143 Room Aloft Phoenix-Airport Hotel in Phoenix, AZ Sold

Purchase of Select Service 143-Key Property Marks 12th Hospitality Acquisition in Current Cycle for Atlanta-Based Real Estate Investment Firm Read more

 

Hotel Financing South Carolina

PMZ Arranges $13.5M Acquisition Financing for Holiday Inn Charleston-Riverview Located in Charleston, South Carolina

The 14-story, 157-room Holiday Inn Charleston-Riverview is conveniently located off Savannah Highway and overlooks the Ashley River. Read more

 

Hotel Transaction Dallas

Tru by Hilton Rockwall Dallas Hotel Sold

Mumford Company announced today it completed the sale of the Tru by Hilton Rockwall Dallas, located in Rockwall, Texas. Read more

 

Association News

Survey - 6% of LA Residents Say City Should Not Prioritize Housing Homeless Individuals in Hotels

Despite concerns for worker safety, negative impact on tourism, Unite Here is fighting to house people experiencing homelessness next to paying guests Read more

 

In Brief

 

Choice Hotels Results
Choice Hotels Reports Quarterly Record for Total Revenues for Q2 2023

IHG Results
IHG Reports Strong Results for the First Six Months of 2023

Hotel Opening Manhattan
661 Room Tempo by Hilton Times Square Hotel Opens

Hotel Opening Poland
Accor Opens Ibis Styles Hotel Near Warsaw Airport

Hotel Opening Poland
The Crown Krakow Handwritten Collection Hotel Opens in Poland

 

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