Hospitality sector records improved rooms' yield as occupancy jumps in October
Qatar's hospitality sector witnessed improved rooms' yield in October 2023 on an annualised basis on higher occupancy, according to the Planning and Statistics Authority (PSA). The growth in revenue-per-available room came largely due to the…
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FLYR, the AI-powered platform for travel technology, today announced that BWH Hotels Scandinavia, a leading global hospitality network that includes Best Western Hotels & Resorts (BWHR), Worldhotels, and Sure Hotels, has selected FLYR for…
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MGM Resorts booked all-time hotel revenue record during Las Vegas Formula 1 weekend, says CFO
MGM Resorts has revealed that last week’s Las Vegas Formula 1 Grand Prix weekend was the highest grossing weekend for hotel revenue in the company’s history…
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Hotel rate increases may have ‘plateaued’
The increases in global hotel rates seem to have “plateaued” across most regions, according to analysis of the latest industry figures…
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Olympics-Soaring hotel prices, crackdown on illegal renting to hit Paris 2024 experience
PARIS, Nov 20 (Reuters) - Visitors heading to Paris for next year's Olympics face major accommodation problems amid soaring hotel prices and a crackdown on rentals of tourist apartments…
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Hotel prices raise the ceiling
HOTEL prices have soared in Andalucia with Marbella leading the way. The hotel sector is experiencing a significant increase in prices, pushing the region to the centre of luxury and exclusivity in tourism…
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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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APALEO DATA REVEALS DACH HOTEL AND SERVICED APARTMENTS YOY GROWTH IN Q3
Results unveiled hotels revenue outperformed serviced apartments…
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Hotel occupancy rates at 90% - Greek hotels achieved occupancy despite their increased prices
Despite their increased prices, Greek hotels achieved occupancy rates this summer that in many cases exceeded 90%…
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London hotel prices increase at ‘more normal’ level
The increase in London hotel prices is showing signs of “normalising” after rising rapidly as travel resumed post-pandemic…
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Seven Strategies to Prepare for Your Hotel for a Major Event
Written by: Tracy Dong, Principal Industry Consultant, IDeaS - Major events have returned to Asia…
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Hotel rates likely to continue upward trajectory in 2024 despite softening of leisure travel demand
Hotel rates likely will continue to rise in most locations globally during 2024 despite an expected softening of leisure travel demand, according to new forecasts from the consulting team at American Express Global Business Travel (Amex GBT), the…
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Whatever Happened to the Off-Season?
The heat, mobs and high prices of recent summers are making off-season travel more popular — perhaps too popular, some say, as they watch prices rise and crowds grow…
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Buyers Consider Changes to Mitigate 2024 Hotel Rate Hikes
Consensus says hotel rate increases will hover around 5 percent this year; buyers also see an increase in hotel nights on the horizon…
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In one destination, a night in an Airbnb costs a whopping 85% more than a hotel - but if you're travelling in a large group, a rental might be more budget-friendly…
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Greek hoteliers and major foreign tour operators are signing contracts for 2024 holiday packages with low, single-digit price increases…
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Canada hotel ADR and RevPAR reached record-highs in July
Among the provinces and territories, Newfoundland and Labrador recorded the highest July occupancy level (87.9%), which was 5.0% above 2022.
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Why the Fight Over Wages and Tipping Could Make It Even More Costly To Dine Out
If higher menu prices at your favorite restaurants are straining your budget, you’re not alone. The July 2023 Consumer Price Index data indicated a 7.1% year-to-date increase in prices for food away from home…
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