HNR News - Highlights for the Week Ending 2023-08-25 |  Read Online

HNR News

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Hospitality Technology

Catalysts for Change: 5 Innovative Ways Hoteliers Can Adapt to Today's Travelers - By Peter Waters

Amadeus is passionate about travel and we know our partners are too. That’s why our latest report shares some great news on the global travel rebound, as well as some real takeaways for hoteliers looking to innovate and stay ahead of the curve by putting the traveler at the center of everything that they do. Read more

 

Market Report Silicon Valley

HVS Market Report - Slow but Steady Recovery for the Silicon Valley Lodging Market - By John Berean and Jason Lee

Silicon Valley historically experienced strong lodging performance driven by high-rated corporate demand during the week. Thus, the rise of remote work policies has had an impact on recovery. However, the presence of Big Tech, surging interest in AI technology, and expansion of the life-sciences sector are anticipated to drive growth in this market over the long term. Read more

 

Sales And Catering Management Platform

6 Ways a Venue Directory Can Help Boost Your Property's Event Bookings

In the bustling world of event planning, the competition to attract clientele and host the most sought-after events has become fiercer than ever. If you own or manage a hotel with event space, the challenge becomes not just about offering an immaculate space but also about ensuring potential clients find and choose your venue over others. This is where the magic of a venue directory comes into play. Read more

 

Hotel Reputation Management

These Are the Review Channels Hotels Must Prioritize - By Leanne DeMaille

Chances are, anything new you’ve considered lately first crossed your radar thanks to influencer marketing. However, it may not have been courtesy of a popular influencer with mass following on social media, but thanks instead to the OGs of influencing...household names for sure, like Google and Bing. Read more

 

Consumer Marketing

The Value of the Understood Consumer - By Trey Williams, VP, Strategic Planning, MMGY

Among marketing’s increasingly important modern challenges is the expectation of consumers for brands to deliver experiences that feel tailored specifically for them. That requisite extends beyond the features of the end product itself to the manner in which products and services are discovered, compared, and ultimately purchased and experienced. In fact, today’s discerning consumers go a layer deeper, looking to understand and align the values of a brand to their own. So how do we as marketers keep up? Read more

 

Travel Market Life Podcast

Podcast - How Hoteliers Are Rethinking the Revenue Metric Dilemma

In this episode the second of a mini-series on revenue management and pricing strategies, we speak with Radisson, Preferred Hotels and IDeaS RMS about the hotel performance metrics and how they are changing. Read more

 

Meeting Trends

A Path to Meeting Space Utilization and Revenue - By Kristi White

In a recent HSMAI Sales Advisory Board meeting, I introduced the topic of meeting space utilization to the group for discussion. Read on for three takeaways from our dynamic discussion. Read more

 

News

 

Travel & Tourism Economic Impact

U.S. Leads Global Travel & Tourism Rebound Says WTTC

Strong outbound growth from US Travellers - US Domestic Travel & Tourism market demonstrates its resilience - Millions more American jobs since 2021 Read more

 

Market Report California

2023: A Challenging Year for California's Hotels

The first half of 2023 proved to be a roller coaster for the California hotel industry, with varying performance across luxury, full-service, and select-service segments. The year started on a high note, especially for luxury hotels, before experiencing a dramatic decline in Q2 across all major areas, compared to the same period in 2022. Read more

 

Business Outlook

PwC Survey Reveals Business Leaders Are Optimistic Regarding Economic Environment, Business Risks

Only 17% of executives strongly agree that there will be a recession in the next six months - As executives see external risks ease, they are channeling their investments into transformation, technology and talent Read more

 

Business Travel Trends

Defying Economic Turbulence: Business Travel Skyrockets 46% Compared to Pre-Pandemic

Despite rocky economic conditions and pressures within organizations to cut down on travel costs, business travel is making an unexpected and robust comeback. Read more

 

Market Report Italy

Italy is Europe's Trending Destination

This summe there is one destination that has exceeded all expectations. The following analysis highlights how Italy’s hotel sector is thriving in bookings and room rates in addition to assessing how online trends set up a summer to remember for Italian hoteliers. Read more

 

Market Report Europe

In-Person Meetings Are Back for Europe, Hotels and Hotel Conference Rooms Are Seeing a Revival

Europe Expects Bumper Year for MICE Travel According to MMGY Global’s Latest Portrait of European Meeting and Convention Travel Report Read more

 

U.S. Hotel Industry Outlook

Hoteliers Strategize To Address Shift in Demand During Shoulder Months - CoStar

As the hotel industry navigates periods of lower demand from travelers, many hoteliers are optimistic about the prospects to boost revenues and capture more business and group travelers. Read more

 

Hidden Fees

Hoteliers Test 'Elasticity' of Fees on Amenities - CoStar

Hoteliers said resort or amenity fees likely aren't going away, as they are a profitable revenue stream. However, they agree the industry as a whole could do better with fee transparency throughout a guest's booking journey. Read more

 

Hotel Online Bookings

Maximizing Direct Bookings: The Impact of Enhanced Online Visibility for Hotels

The travel and tourism industry continues to be highly competitive, with people eager to travel again and hotels and chains vying for business against online travel agencies, vacation rentals, and booking sites. After the pandemic in 2021, Google searches for hotels increased by 92%. According to statistics, more than 90% of travelers will do research online, and 82% will complete their booking online. Read more

 

Hotel Technology Trends

PwC Report - Hotel Industry Digital Transformation - The Current State of Play

The right combination of technology investments can improve guest experience, boost profitability and equip the industry for growth Read more

 

Hilton Garden Inn Development Update

Hilton Unveils New Regional Prototype for Hilton Garden Inn, Ramps Up Growth Momentum in Thailand

Hilton (NYSE: HLT) hosted over 100 hotel developers and owners from Thailand and other markets in South East Asia, as it introduced a new regional room prototype for its upscale brand, Hilton Garden Inn. Read more

 

Hotel Transaction Atlanta

Atlanta Marriott Peachtree Corners Hotel Sold

Waramaug Hospitality announced today it acquired the Atlanta Marriott Peachtree Corners located northeast of Atlanta's Interstate-285 beltway perimeter, within the high-growth corridor surrounding Peachtree Industrial Boulevard. Read more

 

Accor Development Update

Accor Signs 30 New Properties in Asia in June & July 2023

Accor has signed 30 new hotels and resorts across Asia over the last two months under the Group’s Premium, Midscale & Economy brands. Read more

 

Management Appointment Accor

Gilda Perez-Alvarado Named Group Chief Strategy Officer for Accor

Accor today announces that Gilda Perez-Alvarado, currently Global CEO of JLL Hotels & Hospitality, has been appointed as Group Chief Strategy Officer of Accor. Read more

 
 

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