HNR News - Highlights for the Week Ending 2023-08-19 |  Read Online

CBRE Hotels Reduces Near-Term Outlook Due to Softer Summer Demand

The state of Arizona, including Tucson, recovered quickly from the COVID-19 pandemic. Hotel performance in Tucson has far exceeded pre-pandemic levels, primarily given ADR gains since 2020. In this article, we discuss the current state of Tucson’s hospitality industry, meeting and group demand factors, and investment interest in the market. Read more

I was invited to lead a session on traveler well-being at the recent GBTA meeting in Dallas. Such an interesting topic, as most of our customers now need to think about employee well-being standards while considering organizational goals and environmental impact. Read more

Any individual who has stayed at a hotel recently can attest that technology has become ubiquitous at every stage of the guest journey. From the booking process to check-in to guest room controls to the post-stay follow-up, guest services are supported by technology through and through. This evolution has been progressing over the last decade but was significantly accelerated by the COVID-19 pandemic which called for contactless processes. Once implemented, these automations were here to stay. Read more

The hotel market in Louisville, Kentucky, has experienced a slow recovery since the peak of the COVID-19 pandemic. While a copious amount of new supply over the past few years has slowed the recovery, ADR has grown steadily. The area will continue to be supported by bourbon tourism, the University of Louisville, and the Kentucky Derby. Read more

With so many complex challenges echoing throughout the industry, innovative solutions must be found by hoteliers in order to overcome labor shortages. Only by adapting to new realities can businesses not just survive but thrive in this evolving world. Read more

Discover the significance of pickup and pace in hotel revenue management. Learn how optimizing these factors can boost your hotel's revenue. Read more

Automation is beneficial to the bottom line, but it can’t replace the unique qualities that consumers crave in some products and services. Wharton’s Stefano Puntoni explains. Read more

41% of travellers are also prepared to pay more than 30% extra for adventure and eco-tourism, according to the Voice of the Consumer: Lifestyles Survey, mentioned in Euromonitor’s newly released Sustainable Travel Index 2023. Read more

U.S. hotel performance declined from the previous week but showed mostly positive comparisons year over year, according to CoStar’s latest data through 12 August. Read more

Hotel demand growth declined 1.5% in June while short-term rental demand rose 14.3%, suggesting that short-term rentals may be taking share from hotels. Read more

According to Expedia, flight searches for fall are up 15%, and hotel searches increased 20% compared to fall 2022. Read more

National Associations led key meeting industries in top three markets Read more

Hotels in the United States saw general pressure on profit margins in the first half of 2023, with Gross Operating Profit (GOP) margin falling by 1 percentage point compared to the same period in 2022. A closer look at brand-scale performance reveals that the extremes were particularly affected: the luxury and midscale & economy segments exhibited the greatest year-on-year margin declines. Read more

Hotels have been adjusting their housekeeping policies post-COVID lockdowns, with various brands shifting toward an opt-in model that provides daily housekeeping only to guests who request it. At least one operator is reversing course. Read more

While wage negotiations are always at the center of hiring, recruitment and retention, hotel leaders said young employees are also being more direct with their expectations of a career trajectory in the industry. Read more

Surveys show that, even though Generation Z adults may not have reached their peak earning years, they may be more willing to spend money on leisure travel than their Gen X and Baby boomer peers. Read more

The current number of reservations being made to Portuguese hotels is 21% above 2019’s record-breaking volumes, and Portugal leads neighbouring Spain, France and Italy for comparative booking momentum. Read more

Picture this: You enter a hotel, and everything, right down to the room temperature and your choice of snacks, feels like it's handpicked for you. On another day, you find that the room prices have tweaked themselves because there's a big concert in town. Magic? Nope. It’s all about hotel data analytics. Read more

TrustYou and Hotelogix are teaming up to present an unmissable webinar on how to elevate your hotel's guest experience by becoming a socially responsive brand. Read more

The state claims in a lawsuit filed Thursday that the big travel reservations company leaves mandatory fees out of the prices it advertises, presenting falsely lower rates to prospective guests. Read more

The brand will offer an affordable price point alongside the things that guests value most, such as a convenient location, a sound night’s sleep, and a great, complimentary hot breakfast – all at a quality and price that’s currently hard to find in the market. Read more

As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Read more

An arbitrator ruled that Choice Hotels International Inc. is liable to a Franchisee hotel owner for three breach-of-contract claims by finding that Choice Hotels violated terms of its own franchise agreements, including promising volume discounts for products and services for the benefit of Franchisees that Choice Hotels never negotiated or delivered. Read more

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