Interest Rates
JLL - What Higher for Longer Rates Mean for Real Estate
Despite moderating inflation, interest rates are expected to remain elevated
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Hotel Trends
Group Booking Trends
How Hotel Size and Location Affect Group Demand and Average Daily Rates - CoStar
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.
Travel Intentions
Q3 2023 Traveler Insights: Traveler Enthusiasm Holds Strong - By Jennifer Andre
Building on the findings from our Path to Purchase research, the latest installment of our quarterly Traveler Insights report looks at Expedia Group’s exclusive first-party traveler search and booking data to show shifting demand patterns and changing traveler behaviors.
Hotel Construction Pipeline Middle East
Projects in Early Planning in the Middle East Hotel Construction Pipeline Hit All-Time High in Q2 2023
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).
Hyprid Working
Hybrid Jobs Surge 29% YoY in Q2 2023 As Companies Embrace Flexibility
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.
Market Report India
HVS Anarock India Hospitality Industry Review August 2023
Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.
Concert Tours
Taylor Swift's Eras Tour - Look What You Made Me Do To The U.S. Economy (Taylor's Version) - By Anthony Davis
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.
Hotel Revenue Management
First Class Revenue: Optimizing Your Premium Inventory - By Anthony Rose
Like a first-class seat on an airplane, dynamically optimizing upgraded room classes can unlock significant revenue potential. As an industry what best practices could be applied to maximize the RevPAR growth opportunity this presents? I recently brought this question to the HSMAI Revenue Optimization Rising Leader Council for collaboration.
Workplace Wellbeing
Improving Wellbeing at Work: Hospitality Leaders, You Need Those Tips!
In this article, we’ll explore the impacts and determining factors of workplace wellbeing, plus share some tips and best practices that you can apply immediately to improve the wellness of your collaborators.
Labor Day Travel
Travel Outlook: Labor Day 2023 Demand - Koddi
In comparison, 2023 experienced an earlier onset of interest at the beginning of June. At the start of August, there was an uptick in demand for 2022 that was not observed in 2023.
Market Report Florida Panhandle
HVS Market Report - The Florida Panhandle Remains a Top-Tier Destination - By Hannah McManus
The Florida Panhandle remains popular among hotel developers and investors given the strength of the market in the post-pandemic period. An easy-to-reach destination for drive-to and out-of-state travelers alike, this Gulf Coast region has been a hotbed of activity for construction and transactions in the traditional-model hotel space since the summer of 2020.
Hotel Performance Trends
Weekly Global Hotel Performance Trends from STR: 13-19 August 2023
Global performance (excluding the U.S) showed a marginal week-over-week decrease in occupancy, down 1.2ppts to 72.1%, which is in line with historical patterns and expected given the industry’s seasonality.
Hospitality Leadership
Missionize Your Mission Statement - By Doug Kennedy
For decades now, it has been fashionable for companies from all industries to craft a mission statement to not only summarize its purpose, but also to give work more purpose. Over the years, the original concept has evolved into creating 'values' or 'vision' statements.
Hotel Construction Pipeline Europe
UK & Germany with the Strongest Hotel Construction Pipelines in Europe at Q2 2023
In the Q2 2023 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the region currently has 1,715 projects/256,578 rooms in its construction pipeline at the close of the quarter.
Market Report U.S.
U.S. Hotels Report Positive YOY Performance Comparisons for the Week Ending August 19th
Following seasonal patterns, U.S. hotel performance declined from the previous week but showed most positive comparisons year over year, according to CoStar’s latest data through 19 August.
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.
Market Report Australia
Demand Outpacing Supply in Australian Student Accommodation Market
In an Accommodating the Growth in New Students report, CBRE highlights that an incremental 8,000 PBSA rooms will be delivered across Australia over 2023-2026 – representing a 7% uplift.
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.
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
Market Report Canada
CoStar Reports Canadian Hotel ADR and RevPAR Reached Record-highs in July
Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to CoStar’s July 2023 data.
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.
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
Global Hotel Industry Performance
STR Global Update Through 12 August 2023 Shows 88% of Global Markets Post RevPAR Growth Above 2019
Among all countries with a total supply of more than 50,000 rooms, Israel, France, Greece, Singapore, and Croatia led in RevPAR on an actual basis. Greece maintained the top spot despite the impact of wildfires, while Singapore rejoined the leaderboard after a brief hiatus.
Hotel Construction Pipeline Asia Pacific
Higher-end Development Projects Dominate the Asia Pacific Region's Hotel Construction Pipeline at Q2 2023
In the Q2 2023 Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the region is at an all-time project high of 1,936 with 401,766 rooms in the total pipeline at the close of the quarter.
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.