Accor raises outlook again after another strong post-pandemic summer
Europe's biggest hotel group Accor on Thursday raised its core profit target for 2023 for the second time this year, citing positive business momentum in all of its markets after another strong post-pandemic summer…
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Hilton's revenue rises by 12%, beat estimates on record lodging prices
Hilton Worldwide Holdings beat Wall Street estimates for third-quarter revenue and lifted its annual forecast on Wednesday, as record lodging prices and higher occupancy levels boosted results. The U.S…
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Slovenia Records 1.6 Million Overnight Stays in September, 8% More Than Last Year
Data from the Statistical Office of Slovenia revealed that September of this year recorded approximately 668,000 arrivals in tourist accommodation establishments and nearly 1.6 million overnight stays…
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Castlemartyr and Gresham hotels make strong post covid-19 recoveries as revenues surge
Castlemartyr recorded revenues of €12.45m for last year compared €7.11m for the prior nine-month period in 2021…
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Icelandic Tourist Board Report: Second-Busiest Summer on Record
A recent report by the Icelandic Tourist Board shows summer 2023 to have been another record year for travel to Iceland…
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A Taco Bell manager serves beverages to customers. Managers who achieve the rank of "entrepreneur" at Taco Bell can earn up to $100,000 a year. The annual mean wage of a restaurant food manager is $63,820, according to government data…
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Hotel transaction volumes in India in H1 2023 stands at USD 175 million: JLL
This was disclosed in JLL’s Hotel Investment Trends – H1 2023 report…
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Asia-Pacific hotel revenue set rise on in 2024
Business, leisure bookings pick up, but labour, energy, tech, ESG challenges ahead…
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Softer Leisure Demand, Mix Shift Pressure U.S. Lodging Fundamentals
Fitch Ratings-New York-20 September 2023: U.S…
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The Dutch hotel market has largely recovered from the corona crisis, the occupancy rates have not yet fully recovered, but are improving strongly. Partly due to high inflation, average room prices have risen to record levels…
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Hyatt Wins BTN Hotel Survey for Traditional Hotel Brands
Hyatt, Hilton and Marriott — In that order—took the top three spots in BTN's corporate travel buyer survey of traditional hotel partners. U.K.-based IHG Hotels & Resorts placed fourth and French hotel giant Accor placed fifth…
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EU tourism at a decade high in the first half of 2023
The EU tourism industry is experiencing a strong recovery from the impact of the COVID-19 pandemic…
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Algarve Average Hotel Occupancy In August 2023 Down Compared To 2022
THE hotel industry in Portugal’s Algarve region recorded a drop of 2.3 per cent in August 2023 compared to the corresponding month of last year…
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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…
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Three chain scales hit record-high project counts in the global pipeline at Q2
As of the conclusion of the second quarter, there are a total of 6,154 projects comprising 1,108,498 rooms currently in the construction phase worldwide…
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Hotels get creative as the hospitality labor market remains tight
One takeaway from the national jobs report that came out last week is that the recent hiring frenzy is cooling off. But there remain key pockets of growth in the labor market, such as leisure and hospitality…
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Global Hotel Construction Pipeline Rose 3% YOY in Q2
Portsmouth, NH, August 31, 2023-In the Q2 2023 global construction pipeline trend report from Lodging Econometrics (LE) analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238, up 3% year-over-year (YOY) by…
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Reinforcing tailwinds: Cashing in on PHL hotel sector’s recovery
Colliers Insights - REVENGE spending, dining, and travel continue to lift the country’s tourism sector…
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