HNR News Issue: August, 11 2023 | Read Online
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Corporate buzzwords, also known as jargon, are an everyday part of the office world. And people use them for many different reasons. These phrases sound trendy, create a sense of belonging, provide an easy way to shift gears in a meeting, or even allow us to make light of a challenging situation. But sometimes corporate buzzwords can also have a negative impact. According to a recent study by preply, some of these words are creating a rift in the workplace. Read more
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In this Nano Tool for Leaders, experts from Wharton and SEB explain how a neuroscience-proven tool can help your team work more effectively to find solutions to tough challenges. Read more
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Travel Rewards Program Trends
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For many loyalty and rewards program members, earning rewards outranks the cost of traveling. Nearly half of travelers in such programs (44%) prioritize earning rewards over finding the lowest costs when traveling, demonstrating the value that these travelers place on their loyalty programs. Read more
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U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through 5 August. Read more
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For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024. Read more
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Hotel Construction Pipeline Latin America
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Countries with the most projects in the construction pipeline include Mexico with 213 projects/33,853 rooms. Next is Brazil with 85 projects/14,772 rooms, the Dominican Republic with 33 projects/7,071 rooms, Peru with 27 projects/3,322 rooms, and Argentina with 18 projects/1,932 rooms. Read more
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Global Real Estate Investment Trends
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Q2 marks third consecutive quarter of significant declines in global investment Read more
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Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT and the Global Business Travel Association (GBTA). Read more
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Canadians Are Willing to Incur Debt and Reduce Their Grocery Expenses in Order to Travel Read more
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Spark by Hilton Conversion Opportunity - Hilton Spark conversion is possible at this location. Read more
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Hotels For Sale New Zealand
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The property comprises two operations, Lake Ohau Lodge, a 72-room lodge that sits on a 10.1ha lakeside location and Ohau Snow Fields, a 145.2ha private ski field with access to over 250ha of skiable terrain. Read more
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This loan will be used to refinance an existing loan on behalf of the owner, a joint venture between Brookfield Reinsurance/ANICO and Superhost Hospitality. Read more
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HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 51-key Quality Suites South Austin, an interior-corridor, limited-service hotel in the highly sought-after Austin market. Read more
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The lifestyle hotel is set to open in 2025 in the city’s commercial complex, the Ring Chengd Read more
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The new ME, currently under construction, is expected to open in 2025. It will have 140 rooms and all the signature attributes of ME by Meliá. Read more
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As the first IHG hotel in the Emirate, the voco hotel aims to open in 2027. It will comprise 191 rooms, helping boost Sharjah's offering as one of the top destinations in the region. Read more
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The American Hotel & Lodging Association, in partnership with the Hawai‘i Hotel Alliance, is working with the State of Hawai‘i to support relief efforts in West Maui following devastating wildfires fueled by Hurricane Dora. Read more
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