HNR News Issue: August, 4 2023 | Read Online
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The way consumers research products online is always evolving. We’ve highlighted how Google’s hotel search experience has advanced over the years and Google SGE’s potential impacts on searcher behavior. But one thing remains the same. People use search engines. A lot. Read more
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This article provides a summary of the current state of the timeshare industry, as well as the outlook in the current environment. We also highlight the benefits of timeshare resort ownership. Lastly, we describe the opportunities for entering this industry. Read more
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Canadian Hotel Investment Trends
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A strong pace of activity in the second quarter catapulted first half volume to more than $1 billion with notable urban and resort market sales. Read more
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U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through 29 July. Read more
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The new age of business travel is intentional, with employees increasingly emphasizing work-life integration and changing dynamics Read more
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Hotel Construction Pipeline U.S.
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According to the most recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), in the second quarter of 2023, the franchise companies with the largest pipelines in the U.S. are Marriott International (Marriott) with 1,511 projects/181,632 rooms, Hilton Worldwide (Hilton) with record high project and room counts of 1,470 projects/164,848 rooms, and IHG Hotels & Resorts (IHG) with 811 projects/80,516 rooms. Read more
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Over 72 percent of all hotels in the United States are affiliated with large brands like Marriott, Hilton, IHG, and Hyatt. In contrast, the largest operator in the short-term rental (STR) market, Vacasa, manages less than 1 percent of the total market. With around $53.5 billion in gross booking value, or about 25 percent of the entire U.S. lodging industry, the STR market presents an enticing consolidation opportunity. Read more
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Global Hotel Performance Trends
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Today, the global hotel industry can be seen grappling with rising costs and varied demand across regions. The industry's ability to adapt to these challenges will be crucial in determining its recovery trajectory in the post-pandemic era. Read more
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Swift's U.S. Tour Strikes a Chord: Hotel Prices Soar by 7.7% Year-on-Year in Anticipation of Concert Dates Read more
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Trademark Collection Development Update
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Wyndham Hotels & Resorts and LuxUrban Hotels, Inc. (NASDAQ: LUXH today announced a newly signed deal to bring 16 LuxUrban hotels, representing approximately 1,400 rooms, into the Trademark Collection by Wyndham brand later this year. Read more
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Hotel Development Washington D.C.
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Oxford Capital Group, LLC announces a new long-term lease of the 225-room, luxury lifestyle hotel Thompson Washington D.C. (221 Tingey Street SE), located in the city's historic Navy Yard with the owner of the property, Germany's Union Investment. Read more
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Hotel Transaction Australia
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Boutique funds management company Serene Capital has expanded its hospitality portfolio with the $41.5 million acquisition of Canberra’s Abode Hotel and Apartments. Read more
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Sustainable Hotel Key Card
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The hospitality industry has traditionally relied on plastic hotel key cards, contributing to the global plastic waste problem. These new wooden hotel key cards are a game-changer, offering a sustainable alternative without compromising on functionality or design. Read more
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Renewable electricity transition of 14 properties around the U.S. through renewable energy certificates supports Hyatt’s World of Care platform and 2030 environmental goals Read more
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