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asianhospitality

IHG's U.S. RevPAR dips 1.9 percent in first quarter of 2024 - 0 views

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    IHG Hotels & Resorts' first-quarter 2024 RevPAR in the Americas declined by 0.3 percent year-over-year. This was driven by a 1.9 percent decrease in U.S. RevPAR, countered by an 11.3 percent increase in Canada, Latin America, and the Caribbean combined. Occupancy dropped to 63.1 percent, down by 1.1 percentage points, while ADR in the Americas rose by 1.5 percent. Meanwhile, IHG's global RevPAR increased by 2.6 percent in the first quarter and the company opened 6,200 rooms (46 hotels) globally, marking an 11.1 percent year-over-year increase after adjusting for Iberostar, IHG said in a statement. "Global RevPAR in the first quarter of 2024 continued to grow, up 2.6 percent, reflecting the strength of our globally diverse footprint," said Elie Maalouf, IHG Hotels & Resorts' CEO. "There was an impressive performance in EMEAA, which was up nearly 9 percent. The Americas, having already recovered very strongly, was broadly flat due to some adverse calendar timing, and Greater China grew by 2.5 percent and will continue to benefit from returning international inbound travel this year. Global occupancy moved up to 62 percent and ADR increased by a further 2 percent as pricing remained robust, reflecting the complete return of leisure, business and group travel."
asianhospitality

U.S. hotel performance dips in first week of January - 0 views

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    U.S. HOTEL PERFORMANCE dropped in the first week of January from the prior week, although year-over-year comparisons showed improvement, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, all declined at the start of the New Year compared to the previous week. Occupancy was 46.8 percent for the week ending Jan. 6, down from the previous week's 50.1 percent and reflecting a 0.7 percent year-over-year decrease. ADR fell to $152.17, compared to the prior week's $163.58, showing a 7.2 percent increase from the previous year. RevPAR decreased to $71.28 from the prior week's $82.1, but rose 6.4 percent from the corresponding period in 2023. Among the top 25 markets, New Orleans saw the largest year-over-year increases in each of the three performance metrics. Its occupancy was up 36.5 percent to 61.2 percent, ADR was up 43.5 percent to $211.90 and RevPAR rose 95.9 percent to $129.62. The market's performance was boosted by the Sugar Bowl, FAN EXPO New Orleans and multiple Mardi Gras parades.
asianhospitality

CoStar: U.S. hotel performance dips as anticipated before Easter holiday - 0 views

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    U.S. HOTEL PERFORMANCE dipped in the final week of April, as anticipated leading up to the Easter holiday, according to CoStar. Key metrics including occupancy, ADR, and RevPAR declined compared to the previous week, with year-on-year figures also showing a decrease. Occupancy fell to 62.3 percent for the week ending March 30, down from the previous week's 65.3 percent, marking a 5.6 percent year-over-year decrease. ADR dropped to $157.14 from $162.28, reflecting a 0.7 percent decline compared to last year. RevPAR stood at $97.83, down from $106.01 the previous week, indicating a 6.3 percent dip compared to the same period in 2023. Among the top 25 markets, New York City saw significant year-over-year growth across all three key performance metrics: occupancy surged by 13.2 percent to 88.2 percent, ADR rose by 14.1 percent to $285.98, and RevPAR increased by 29.1 percent to $252.18.
asianhospitality

CoStar: U.S. hotel performance improves in second week of March - 0 views

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    U.S. HOTEL PERFORMANCE rose in the second week of March compared to the previous week but declined year over year, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, all saw increases compared to the prior week. Occupancy climbed to 63.2 percent for the week ending March 9, up from the prior week's 62.5 percent, reflecting a 2.2 percent year-over-year decline. ADR rose to $156.96 from $155.29 the previous week, marking a 0.6 percent decrease compared to last year. RevPAR reached $99.17, up from the previous week's $97.12, signifying a 2.8 percent decrease compared to the same period in 2023. Among the top 25 markets, Minneapolis saw significant year-over-year growth across all three key performance metrics: occupancy surged by 25.1 percent to 63.7 percent, ADR rose by 15.9 percent to $143.12, and RevPAR increased by 45.1 percent to $91.11.
asianhospitality

IHG projects $1 billion shareholder return following strong 2023 - 0 views

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    IHG HOTELS & RESORTS reported a 23 percent increase in profit from reportable segments in 2023, surpassing the $1 billion milestone for the first time. The company also noted a 16.1 percent rise in RevPAR, a 5.1 percent increase in ADR, and a 6.4 percentage point uptick in occupancy during the previous year. It anticipates returning more than $1 billion to shareholders through dividends and share buybacks this year, IHG said in a statement. "Travel demand was strong across all markets, with RevPAR up 16 percent from last year and 11 percent ahead of the 2019 pre-pandemic peak," said Elie Maalouf, IHG Hotels & Resorts' chief executive officer. "Combined with the power of our enterprise and efficient operating model, profit from reportable segments grew by 23 percent, exceeding one billion dollars for the first time, and adjusted EPS grew by 33 percent." This marks one of the company's most significant quarters for development activity, IHG said. The company reported full-year revenue of $4.62 billion, marking a nearly 19 percent increase from $3.89 billion in 2022.
asianhospitality

AHLA: State of the hotel industry strong entering 2024 - 0 views

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    THE STATE OF the U.S. hotel industry is strong going into 2024, according to American Hotel & Lodging Association's 2024 State of the Hotel Industry report. Average hotel occupancy is expected to reach nearly 63.6 percent in 2024, a slight increase from the 62.9 percent in 2023 but below the 65.8 percent rate recorded in 2019. Nominal RevPAR is also anticipated to rise to $101.82 in 2024, up by 4 percent from 2023 and over 17 percent from 2019. AHLA projects hotels will pay employees a record sum of over $123 billion in wages, salaries, and compensation in 2024, surpassing $118 billion in 2023 and $102 billion in 2019. Hotels are expected to add approximately 45,000 employees this year, while the industry's workforce remains nearly 225,000 below the almost 2.37 million employed in 2019, the AHLA report said. The report, projecting persistent challenges for hoteliers in the face of nationwide labor shortages as they approach 2019 occupancy levels, draws on data and analysis from Oxford Economics. It was developed in collaboration with AHLA Premier Partners: STR, Avendra, Ecolab, Encore, JLL, Oracle, and Towne Park.
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.
asianhospitality

CoStar: U.S. hotel metrics rise in first week of June, yearly trends vary - 0 views

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    U.S. HOTEL PERFORMANCE improved in the first week of June compared to the previous week, with mixed year-over-year results, according to CoStar. All key metrics, including occupancy, RevPAR, and ADR, rose compared to the prior week. Occupancy rose to 69.1 percent for the week ending June 8, up from 62 percent the previous week, with a slight 0.1 percent year-over-year decrease. ADR increased to $160.90 from $150.87, showing a 1.8 percent rise compared to last year. RevPAR increased to $111.26 from the previous week's $93.50, marking a 1.7 percent increase compared to the same period in 2023. Among the top 25 markets, Houston saw the highest year-over-year increases in occupancy, rising 14.8 percent to 71.1 percent, and in RevPAR, increasing 19.3 percent to $85.20. New York City recorded the largest increase in ADR, rising 9.1 percent to $358.25.
Alsero Travel

Diamond of Bodrum, Bodrum Otelleri, Bodrum Otel Rezervasyon, Bodrum Ekonomik Tatil, Ote... - 0 views

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    Diamond of Bodrum, Bodrum Otelleri, Bodrum Otel Rezervasyon, Otel, Tur, Aquapark, Sahil Otelleri, Ucuz Tatil, Erken Rezervasyon Otelleri, Son Dakika Otelleri, Kampanyalı Oteller, Bodrum Oteli, Alserotur, Alsero Travel, alserotur.com
Alsero Travel

Diamond of Bodrum, Bodrum Otelleri, Bodrum Otel Rezervasyon, Bodrum Ekonomik Tatil, Ote... - 0 views

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    Diamond of Bodrum, Bodrum Otelleri, Bodrum Otel Rezervasyon, Bodrum Ekonomik Tatil, Otel , Diamond of Bodrum Otel , X Tatil
Alsero Travel

Diamond of Bodrum, Bodrum Otelleri, Bodrum Otel Rezervasyon, Bodrum Ekonomik ... - 0 views

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    Diamond of Bodrum, Bodrum Otelleri, Herşey Dahil Oteller, Otel, Tatil Köyleri, Uçak Bileti Yurtdışı Turlar, Gemi Turları ve daha fazlası 0256 612 6600 arayın.
voyagedegypte2

Tour à Louxor temples de Karnak, vallée des rois - 0 views

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    Visiter Louxor, la plus célèbre ville touristique et historique au monde entier. Découvrez la vallée des rois située sur la rive gauche de Louxor qui comprend 62 merveilleuses tombes royales dont la plus belle est celle du roi Toutankhamon.
voyagedegypte2

Excursion à Louxor vallées des rois et temple d'Hatchepsout - 0 views

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    Réalisez votre rêve et visiter Louxor, la plus célèbre ville touristique et historique au monde entier. Découvrez la vallée des rois située sur la rive gauche de Louxor qui comprend 62 merveilleuses tombes royales dont la plus belle est celle du roi Toutankhamon, puis le temple d' Hatchepsout, situé au pieds de la falaise, construit par son architecte Senmoût à El Deir el Bahari pendant la 18ème dynastie, et vous terminez le tour par un arrêt en face des colosses de Memnon "Amenhotep lll.
voyagedegypte2

Excursion à Louxor temple de Karnak et la vallée des rois - 0 views

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    Excursion à Louxor, la plus célèbre ville touristique et historique au monde entier. Découvrez la vallée des rois située sur la rive gauche de Louxor qui comprend 62 merveilleuses tombes royales dont la plus belle est celle du roi Toutankhamon.
Jac ket

A Glimpse of Dien Bien | Vietnam AirTravel - 0 views

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    A destination where the epic memories of the Battle of Dien Bien Phu still resonates, Dien Bien now becomes a favorite destinations for many Vietnamese and foreign backpackers.   Although the war has receded for decades, the story still remains in many historical heritages in Dien Bien, such as Independence Cemetery, A1 Hill, French Bunker, Dien Bien Phu Victory Headquarter, Monument and Museum. Dien Bien is also renowned for its enchanting natural beauty of Muong Thanh Rice Terrace, Pa Khoang Lake, Pha Din Hill, Pa Thom Cave and Xa Nhe Cave. Come to Dien Bien, you will also have the chance to feast on many exotic food that can only be found in Vietnam's North Western Region.   Dien Bien Phu  is located in Muong Thanh Valley which is approximately 20km long and 6km wide. this city is 35km from the Laos border and  474km to Hanoi. This was a battlefield between the Viet Minh Army and French Army in 1954.   The result was the French in Indochina was cut and Viet Nam was divided into two parts: North and South. Nowadays, Dien Bien Phu became one of the tourist attraction sites for many local and international tourists.   The major attraction is the battlefield, its associated museum and relicts, and more recently, the largest statue in Vietnam erected to commemorate the 2004 anniversary. It is noticeable that for the adventurous visitor, this is an attractive center for majestic scenery and an access point for encounters with wide variety of ethnic minority groups that have hardly been touched by tourism.   The battle development in summary   At 5 p.m, March 13, 1954, we opened fire,  starting the Dien Bien Phu campaign. The fight took place fiercely right at the beginning and it was divided into three stages. The first stage (from March 13 to March 17, 1954): We held the  Him Lam, Doc Lap, Ban Keo strongholds. They was strong defense obstructing the access from Tuan Giao and Lai Chau into Dien Bien Phu. The second stage (from March 30 to April 30, 1954): W
Zack Martin

Southend Serenity: Your Relaxed Arrival at Southend Airport with Airport Pickdrop - 2 views

Southend Airport (SEN), the newest addition to London's airport network, might seem like the least familiar on your travel itinerary. However, don't let its newness deter you! Here at Airport Pickd...

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