HNR News Issue: August, 30 2023 |  Read Online

Q3 2023 Traveler Insights: Traveler Enthusiasm Holds Strong - By Jennifer Andre

Taylor Swift’s Eras Tour has had an estimated $4.6 billion impact on the US economy. This seems absurd at first, but HVS analysis reveals that Swift’s tour is an immense outlier from other concert tours in attracting attendees from out of town. More than 3.7 million people travelled more than 100 miles from home to see Swift perform. Read more

Modern PMS technology provides invaluable support to independent hotel operations from training to disaster recovery Read more

Despite moderating inflation, interest rates are expected to remain elevated Read more

Hotels in urban markets have yet to fully recover to pre-pandemic levels of group occupancy and rates, while resorts and suburban hotels have surged ahead. Read more

In the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the region continues to show steady pipeline growth in the second quarter of 2023, with the highest project count since Q1 2020. The total pipeline stands at 597 projects/146,521 rooms, up 10% and 5%, respectively, year-over-year (YOY). Read more

GlobalData's latest report, 'Global Hiring Activity – Trends & Signals Q2 2023', reveals that job postings related to hybrid work increased in industries such as travel & tourism, retail, and financial services. Read more

Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry. Read more

In the age of digital transformation, the hospitality industry has witnessed a significant shift in how travelers plan and book their accommodations. Hoteliers are turning to various online strategies to capture the attention of potential guests, and Google Ads has emerged as a game-changing tool in their arsenal. Read more

AAHOA, the Asian American Hotel Owners Association endorses the findings of a recent study conducted by the University of Houston's Conrad N. Hilton College of Global Hospitality Leadership. The study examined hotel guests' acceptance of artificial intelligence (AI)-based systems and how they are reshaping the industry. Read more

Oxford adds Hotel Julian, SoMa House, Hotel Garrett, and Hotel Fiona to their Bay Area portfolio Read more

Mandarin Oriental recently announced the development of a new luxury resort in Sardinia, located in the north-east of the island in the heart of Costa Smeralda. Set to open its doors in mid-2026, this marks the Group's fourth venture in Italy. Read more

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