HNR News Issue: July, 31 2023 |  Read Online

HNR News
Travelers Spend over 5 Hours Researching Trips on Average Before Booking

Travelers Spend over 5 Hours Researching Trips on Average Before Booking

Expedia Group’s Path to Purchase research has revealed the travel content consumption habits of travelers as they seek inspiration and plan their trip, spending 303 minutes or over 5 hours on average with travel content in the 45 days prior to booking. Read more

TODAYS BYLINES

 

Hotel Development Cost Survey

HVS Report - U.S. Hotel Development Cost Survey 2023 - By Luigi Major

Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room/per product type. HVS has tracked hotel construction budgets throughout the United States since 1976. Read more

 

Trends

 

American Traveler Intentions

Survey Finds Consumers Want to Spend Less Than $200/night on Lodging

Choice Hotels International Releases Traveler Survey in Partnership with Harris Poll, Uncovering How People Want to Travel This Summer and Beyond Read more

 

Business Travel Trends

Declining Travel Impacting Canadian Business Travelers' Careers, SAP Concur Survey Finds

94 per cent of Canadian travellers say the future of their career depends on successful business travel in the coming year Read more

 

Hotel Construction Pipeline U.S.

U.S. Hotel Construction PipelineRemains Steady; 2025 Supply Growth Forecast is 1.5%

According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY. Read more

 

Market Report Singapore

Taylor Swift, Coldplay and the Rotary Convention: Singapore Hotel Bookings Jump for Eventful First Half of 2024

There is plenty of time remaining in 2023, but Singapore’s hotel bookings are already increasing rapidly for 2024 with the market set to host several major events early in the year. Utilizing Forward STAR data, we took a quick look at the specific impact for Singapore’s hotels from Taylor Swift’s 'The Eras Tour', Coldplay and the global Rotary Convention. Read more

 

News

 

CRM Platform

Staying Ahead of the Game: The Power of a Loyalty Integration with a Reservation System

In the fast-paced world of the casino hotel industry, one crucial aspect has remained stagnant for too long – the reservation process. Manual and disjointed systems have led to inefficiencies and customer dissatisfaction. Read more

 

Google Bard

Google: Don't Trust What Our Chatbot Bard Tells You - BBC

Google says people should use its search engine to check whether information provided by its chatbot, Bard, is actually accurate. Read more

 

Hotel Management Software

Cloudbeds Announces Partnership with Vrbo

Full API integration will grant Cloudbeds customers access and visibility to a worldwide market of vacation rental-focused travelers Read more

 

Twitter

X Logo Triggers Diverse Opinions Among Twitter Influencers

Twitter owner Elon Musk and Chief Executive Officer Linda Yaccarino have replaced the social media company’s iconic blue bird logo with an 'X' on a black background as part of a wider rebranding strategy. The move has generated diverse opinions among the Twitter influencers, as evidenced by a sharp increase in discussions during the last week of July 2023. Read more

 

Hotel For Sale Australia

The Ibis Budget Casula Liverpool and Ibis Budget Campbelltown Hotels Listed for Sale Ahead of Western Sydney International Airport Opening

Together, the hotels offer 146 economy rooms, representing a combination of a well-established, highly profitable, income-generating business with substantial freehold land holdings. Read more

 

Hotel Transaction Texas

Holiday Inn Express Kenedy Hotel in Kenedy, Texas Sold

The property, built in 2013, was purchased by Monarch Group Hotels, based in Corpus Christi, Texas, from KJ Texas Properties LLC, based in Branson, Missouri. Read more

 

Hotel Transaction Arizona

23 Acre Doubletree Resort Scottsdale Paradise Valley in Scottsdale, Arizona Sold

The property spans more than 23 acres on Scottsdale Road and features 378 premium guestrooms, including 12 suites with panoramic views of the scenic areas surrounding Camelback & Mummy Mountains. Read more

 

HIRE Act

AHLA Statement in Support of the HIRE Act

The American Hotel & Lodging Association (AHLA) President & CEO Chip Rogers spoke out yesterday in support of the H-2 Improvements to Relieve Employers (HIRE) Act, which was introduced in the U.S. House of Representatives by Rep. Tony Gonzales (R-Texas). Read more

 

In Brief

 

Cloud-based Hotel PMS
Hotelogix Enhances Its Hotel PMS with E-Invoicing Capabilities for Greece Hotels

Hotel Transactions Europe
HVS Europe Hotel Transactions Bulletin Week Ending 21 July 2023

Management Appointment MGM Resorts International
Daniel Yang Namned Chief Customer & Innovation Officer for MGM Resorts International

Management Appointment Sonesta International Hotels
Jeff Knowlton Named Chief Information Officer for Sonesta International Hotels

Wyndham Results
Wyndham Hotels & Resorts Reports Q2 2023 Results

Accor Results
Accor H1 2023 RevPAR Up 38% Vs H1 2022

Hotel Opening Oman
DoubleTree by Hilton Muscat Qurum Hotel Opens in Oman

 

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