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asianhospitality

U.S. Hotel Performance Dips in Late July 2024 : Key Metrics & Market Highlights - CoSta... - 0 views

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    THE U.S. HOTEL industry saw lower performance in the fourth week of July compared to the previous week, with mixed year-over-year results, according to CoStar. Key metrics such as occupancy, RevPAR, and ADR all declined from the prior week. Occupancy fell to 72 percent for the week ending July 27, down from 73.5 percent the previous week and showing a 0.4 percent year-over-year decrease. ADR stood at $164.45, compared to $165.91 the prior week, reflecting a 1.3 percent increase from last year. RevPAR was $118.37, down from $122.02 the previous week but up 0.9 percent compared to the same period in 2023. Among the top 25 markets, New Orleans saw the highest year-over-year occupancy increase, rising 16.9 percent to 66.7 percent. San Diego posted the largest ADR lift, up 12 percent to $294.80.
asianhospitality

Revolutionary Hospitality Law Database Launched by AHLA | USA 2024 - 0 views

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    THE AMERICAN HOTEL & Lodging Association launched the "Hospitality Law Database," giving hoteliers quick access to state and local laws affecting hotel operations. The online platform aids hotel owners, managers, HR professionals and lawyers in navigating the changing legal landscape of the hotel industry. The tool tracks laws across all 50 states, the District of Columbia and the top 25 U.S. hotel markets, AHLA said in a statement. "AHLA is laser focused on advocacy in support of legislation to protect and promote the hotel industry," said Kevin Carey, AHLA's interim president and CEO. "AHLA's new Hospitality Law Database is a natural extension of our robust advocacy efforts, giving members easy access to the laws governing operations in the states and key markets where they operate."
asianhospitality

U.S. Hotel RevPAR Hits Record High in July 2024 | CoStar Report - 0 views

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    U.S. REVPAR LEVELS hit a record high in the third week of July despite Hurricane Beryl's effects on the top 25 markets, according to CoStar. All metrics were up compared to the previous week, with positive year-over-year comparisons. Occupancy rose to 73.5 percent for the week ending July 20, up from 69.2 percent the previous week, marking a 1 percent year-over-year increase. ADR increased to $165.91 from $158.21, reflecting a 2.4 percent rise compared to last year. RevPAR reached $122.02, up from $109.51 the prior week, showing a 3.4 percent increase from the same period in 2023. Meanwhile, the U.S. RevPAR level reached the highest for any week on record.
asianhospitality

U.S. hotel performance up in second week of June with mixed YoY results - 0 views

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    U.S. HOTEL PERFORMANCE improved in the second week of June compared to the previous week, showing mixed year-over-year results, according to CoStar. All key metrics, including occupancy, RevPAR and ADR, increased compared to the prior week. Occupancy rose to 70.3 percent for the week ending June 15, up from 69.1 percent the previous week, despite a slight 0.6 percent year-over-year decrease. ADR increased to $161.70 from $160.90, a 0.9 percent rise compared to last year. RevPAR increased to $113.62 from $111.26 the previous week, marking a 0.3 percent increase compared to the same period in 2023. Among the top 25 markets, San Francisco recorded the highest year-over-year increases: occupancy rose 14.8 percent to 71.1 percent, ADR increased 11.3 percent to $226.70, and RevPAR grew 30.3 percent to $179.97. The market's performance was boosted by the Data + AI Summit.
asianhospitality

Survey: Only one in five hotel professionals say tech stack is 'sufficient' - 0 views

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    ONLY ONE IN five hotel professionals believe the current tech stack is sufficient for achieving efficiencies, cost savings and adequate guest care, according to a recent survey by the Hospitality Women's Innovation Council. Approximately 91 percent of survey respondents indicated that better collaboration among technology companies on integrations is needed, while 86 percent felt improved integration processes would encourage greater investment in technology. HWIC, a group of hotel brand executives, managers, and innovators, conducted the survey between May 25 and June 15, HWIC said in a statement. More than 300 owners, managers, and technologists participated in the survey. The study was supported by Visual Matrix, a PMS software developer in Richardson, Texas. "Industry professionals have confirmed that more than any other factor, collaboration is the key to driving better business results for hoteliers-collaboration among technology providers and between the providers and the hoteliers they serve," said Georgine Muntz, HWIC co-chair and CEO of Visual Matrix. "When we created the council close to a year ago, we began with the assumption that women leaders in hospitality can help improve the ways industry professionals collaborate for common ends and encourage better standardized integrations. Now that assumption has been fully validated. We look forward to sharing the council's recommendations on better integration, collaboration and advancing innovation, in the weeks ahead."
asianhospitality

LE: New York leads pipeline with 47 hotels under construction - 0 views

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    NEW YORK LEADS the top 50 U.S. markets in hotel construction with 47 projects and 7,655 rooms currently underway, according to Lodging Econometrics. The city has a total of 78 projects and 13,549 rooms in its hotel construction pipeline, the 10th largest in the U.S. Projects set to start in the next 12 months include eight projects with 1,079 rooms, while early planning includes 23 projects with 4,815 rooms, according to LE's Q1 2024 Market Trend Report for New York, released before the NYU International Hospitality Industry Investment Conference. Within the New York market, the three submarkets with the largest hotel construction pipelines are the New York City area (including Brooklyn East, the Bronx, and Staten Island) with 25 projects and 2,096 rooms, the report said. Similarly, the Midtown South area features 11 projects and 2,535 rooms, while the Midtown West/Times Square area has 10 projects and 4,131 rooms. Combined, these submarkets account for 59 percent of the projects and 65 percent of the rooms in the market's total construction pipeline.
asianhospitality

U.S. hotel performance improves in third week of May, YOY comparisons up - 0 views

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    U.S. HOTEL PERFORMANCE improved in the third week of May compared to the previous week, with positive year-over-year comparisons, according to CoStar. Key metrics, including occupancy, RevPAR, and ADR, all saw week-over-week increases. Occupancy increased to 67.4 percent for the week ending May 18, up from 66.1 percent the previous week, marking a 0.2 percent year-over-year rise. ADR rose to $163.11 from $162.14, reflecting a 2.6 percent jump compared to last year. RevPAR reached $109.93, up from $107.24 the prior week, showing a 2.8 percent increase compared to the same period in 2023. Among the top 25 markets, Houston experienced the only double-digit occupancy increase, rising 10.5 percent to 67.9 percent. Atlanta reported the highest year-over-year increases in ADR, rising by 10 percent to $137.30, while RevPAR increased by 18 percent to $98.86.
asianhospitality

CoStar: U.S. hotel performance improves in last week of June 2024 - 0 views

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    U.S. HOTEL PERFORMANCE improved in the fourth week of June compared to the previous week, showing positive year-over-year results, according to CoStar. Occupancy, RevPAR and ADR all increased over the prior week. Occupancy increased to 71.9 percent for the week ending June 29, up from 69.5 percent the previous week, showing a 3.2 percent year-over-year increase. ADR rose to $162.81 from $159.88, marking a 3.6 percent increase compared to last year. RevPAR climbed to $117.13 from $111.17 the previous week, reflecting a 6.9 percent decrease compared to the same period in 2023. Among the top 25 markets, Minneapolis recorded the highest year-over-year increases: occupancy rose by 20.1 percent to 74.8 percent, ADR increased by 15.7 percent to $150.42 and RevPAR grew by 39 percent to $112.46. The market's performance was boosted by events such as the U.S. Olympic Gymnastics Trials and the Twin Cities Pride Parade.
asianhospitality

AAHOA inducts two members to board of directors for 2024-25 term - 0 views

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    AAHOA recently appointed Viral Patel, Central Midwest regional director, and Nilesh Patel, director at large Eastern Division, to its board of directors for 2024-2025 term. "We are thrilled to welcome Viral Patel and Nilesh Patel to the AAHOA board of directors," said Miraj Patel, AAHOA's chairman. "Their proven leadership and deep-rooted commitment to the hospitality industry make them invaluable additions. Undoubtedly, their expertise will greatly benefit AAHOA and the entire hospitality community as we, the board of directors, continue to advocate for our members as we build tomorrow today." AAHOA recently rebranded its Regional Conferences and Trade Shows as "Hotel Owners Conferences & Trade Shows". The event will focus on initiatives like HerOwnership and HYPE roundtables, fostering connections among industry leaders to promote positive change and empower women and the next generation of leaders.
asianhospitality

CoStar: U.S. hotel performance down in early June, YOY comparisons up - 0 views

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    U.S. HOTEL INDUSTRY reported lower performance results in the first week of June from the previous week, according to CoStar. However, there was slightly positive comparisons year over year. All key metrics including occupancy, RevPAR and ADR were down compared to prior week. Occupancy declined to 62 percent for the week ending June 1, down from 67.7 percent the prior week, reflecting a 0.9 percent year-over-year increase. ADR decreased to $150.87 from $160.67, yet still showed a 0.1 percent increase compared to last year. RevPAR stood at $93.50, a decline from the previous week's $108.73, but marking a 1 percent increase compared to the same period in 2023. Among the top 25 markets, New Orleans experienced the highest year-over-year occupancy increase, rising 17.8 percent to 66.8 percent.
manjunath ap

TOURS AND TRAVELS IN BANGALORE - 0 views

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    When you think of traveling by road in Bangalore, travel world-class with Tejas Tours and Travels. Serving for the last 25 years, we are amongst the pioneers in Bangalore travels. When you are looking to hire a cab or mini bus, tempo traveller, or a big Bus, we have the best options that will suit your requirements. For business travel, reaching from point A to B, wedding travel, picnics, etc. we have the best vehicles for you. From a Suzuki Swift Dzire to a Rolls Royce, we have a fleet of vehicles that can serve all needs.
asianhospitality

CoStar: U.S. hotel performance declined in mid-June with mixed YOY results - 0 views

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    U.S. HOTEL PERFORMANCE declined in the third week of June compared to the previous week, with mixed year-over-year results, according to CoStar. Key metrics such as occupancy, RevPAR, and ADR all decreased from the prior week. Occupancy declined to 69.5 percent for the week ending June 22, down from 70.3 percent the previous week, with a 2.5 percent year-over-year decrease. ADR fell to $159.88 from $161.70, despite a 0.1 percent rise compared to last year. RevPAR decreased to $111.17 from $113.62 the previous week, marking a 2.3 percent decrease compared to the same period in 2023. Among the top 25 markets, Seattle recorded the highest year-over-year increases, with occupancy rising by 11.1 percent to 84.9 percent and RevPAR growing 16.8 percent to $179.47. Meanwhile, Philadelphia saw the largest increase in ADR, rising 6.5 percent to $170.10.
asianhospitality

CoStar 2024 Report New : Independence Day week drags down U.S. hotel performance - 0 views

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    U.S. HOTEL PERFORMANCE dropped in the first week of July compared to the previous week due to Independence Day on July 4, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, saw declines over the prior week. Occupancy was 61.3 percent for the week ending July 6, down from 71.9 percent the previous week, showing a 0.9 percent year-over-year decrease. ADR dropped to $157.27 from $162.81, marking a 0.5 percent increase compared to last year. RevPAR fell to $96.35 from $117.13 the previous week, reflecting a 0.4 percent decrease compared to the same period in 2023. Among the top 25 markets, New Orleans saw the highest year-over-year increases in each of the three key performance metrics: occupancy rose 15.5 percent to 56.6 percent, ADR increased 35.1 percent to $197.23 and RevPAR grew 56.1 percent to $111.72.
asianhospitality

Aperture Hotels 2024 | Experience Luxury at the Reimagined Hilton Garden Inn Columbus, GA - 0 views

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    APERTURE HOTELS AND Satori Collective recently reopened the 120-room Hilton Garden Inn in Columbus, Georgia, following a multimillion-dollar renovation. The updates included public spaces, guestrooms, meeting space and fitness center, as well as parking improvements with EV charging stations. The full-service hotel also features an indoor pool with a hot tub and 3,500 square feet of flexible meeting space. Satori Collective is led by Andy Chopra as co-founder and managing partner. "With the completion of this full makeover, the Hilton Garden Inn Columbus now enjoys 'like-new' status, effectively making it the newest Hilton-branded hotel in Central Western Georgia," said Charles Oswald, Aperture Hotels' president and CEO. "We look forward to hosting a proper grand re-opening ceremony on Aug. 25 to fully embrace our position as a member of the community and to share our new offerings with guests and neighbors."
Resorts World Sentosa Singapore

Presenting the world's largest oceanarium - 0 views

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    Ready for a sneak peek of the Marine Life Park?
Holiday Mood

Get a Cheap flights to Dhaka this Holiday Season - 0 views

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    Bangladeshi culture is very rich and diverse in its roots. You can call or visit the Holidaymood website for cheap flight to Dhaka There are three main religions primarily followed in Bangladesh are Hinduism, Buddhism, and Islam.Holidaymood offers cheap ticket to Bangladesh with some of the best airlines.
crescent crave

Sharaf Exchange - Job Vacancies - Jobs Worldwide - 0 views

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    One of the most respectable groups in the UAE, Sharaf Exchange LLC was established in 1996. It is actually part of Sharaf Group, a highly diversified business with operations in a lot of areas such as Education and Manufacturing, Shipping, Logistics, Travel and Tourism, Financial Services, Information Technology, and Hospitality & Real Estate. As for Sharaf Exchange, it belongs to the Financial Services area.
karakkattholiday

Home - 0 views

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    Karakkatt Holiday Home is located in Wayanad, No 1 Holiday Home In Wayanad. Karakkatt Holiday Home is fully outfitted to accommodate in individual separately and can accommodate a group upto 25 members. Each rooms are beautifully designed to come and unwind, It is ideal for extended families.
duy duc

Vé máy bay Air Asia đi Philippines - 0 views

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    Vé máy bay Air Asia đi Philippines bài viết này được đăng vào lúc: 25/09/13 - 16:09:07 Duy Đức hiệnđang là đại lý vé máy bay Air Asia chính thức đại diện cho hãng hàng không Air Asia tại thị trường Việt Nam.
duy duc

Nhanh tay mua ngay vé đi Kuala Lumpur 29 USD - 0 views

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    Nhanh tay mua ngay vé đi Kuala Lumpur 29 USD bài viết này được đăng vào lúc: 25/09/13 - 15:00:08 Vietnam Airlines sáng nay vừa gửi đến Duy Đức một công văn vô cùng đặc biệt mà chắc chắn rằng bạn nào đang có kế hoạch du lịch đến các nước trong khu vực Đông Nam Á sẽ vô cùng thích thú đấy nhé.
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