Phuket, Krabi, Koh Samui and Thailand's Southern seaside resorts have attracted consistently high numbers of tourists in the first quarter of 2014 according to recent figures released from the Tour...
Phuket, Krabi, Koh Samui and Thailand's Southern seaside resorts have attracted consistently high numbers of tourists in the first quarter of 2014 according to recent figures released from the Tour...
According to the latest figures, the demand from passengers will increase smoothly and strongly. But the new route from Luton airport would cover the situation and meet the demands.
It's many people's idea of a dream job. Travelling the world from one glamorous party to another, playing set after set of pulsating music to a VIP audience of celebrities, sports stars and even royalty. For international man of music, DJ Micky, this life is his reality. The figure behind the turntables at the hottest party during the Monaco Grand Prix, Amber Lounge, has a job that takes him around the F1 circuit: from Monaco to Singapore's iconic night race and the excitement of the season ending race in Abu Dhabi. We meet this lucky Frenchman to learn more.
Everyone thought that this sort of an art gallery slash museum would be too serious even for adults. However, it's a real hit with the kids. With over a thousand portraits of pop bands, models, prime ministers, and other famous Brits, it's no small wonder why children are so interested in these historic figures.
Everyone thought that this sort of an art gallery slash museum would be too serious even for adults. However, it's a real hit with the kids. With over a thousand portraits of pop bands, models, prime ministers, and other famous Brits, it's no small wonder why children are so interested in these historic figures.
This information avails you about when you should book flights to India. This will bring you the most up-to-date and accurate figures, enabling you to make a highly informed decision on when should you fly.
Jobs Abroad, Work Abroad, International Jobs Online - Singapore Airlines has founded 69 years ago May 1, 1947, as Malayan Airways and it commenced operations October 1, 1972. Singapore Airlines uses the Singapore Girl (SIA uniform since 1972) as their central figure in its corporate branding. Singapore Airlines is the flag carrier of the Republic of Singapore and it ranks amongst the top 15 air carriers worldwide in terms of the scale of revenue-passengers-kilometers. It is also 10th in the world for the volume of International passengers carried and one of the largest airline businesses in Asia.
Prithvi Raj Singh Oberoi, also known as 'Biki,' a stalwart of Indian hospitality and chairman emeritus of the Oberoi Group, passed away on Nov. 14 at the
age of 94. Oberoi served as the executive chairman of EIH Limited, the flagship company of The Oberoi Group, and as the chairman of Oberoi Hotels Private Limited,
the major shareholder of EIH Limited.
"It is with profound grief and sorrow that we wish to inform you of the peaceful passing of our beloved leader, P.R.S. Oberoi, chairman emeritus earlier today," The
Oberoi Group said in a statement. "His passing is a significant loss for The Oberoi Group and the hospitality industry in India and overseas."
Oberoi is acknowledged as a key figure in the Indian hotel industry, contributing to the globalization of Oberoi hotels by establishing a presence in major cities.
He received notable accolades, including the Padma Vibhushan, India's second-highest civilian honor, awarded in January 2008 for exceptional service to the country.
REMOTE SALES AND training appear to be surging in popularity among hotels, according to training consulting firm Gillis Sales. The firm reported $23 million in revenue from hospitality clients in 2021 and a 40 percent since the beginning of the pandemic.
The latest figures indicate that hotels are seeing the benefits of investing in sales to increase profitability as travel resumes, said Tammy Gillis, CEO of Gillis Sales. Gillis foresees an increase in business as hoteliers turn to remote sales solutions to find and keep qualified salespeople.
Market trends suggest that leisure and corporate travel are increasing while labor shortage continues, according to the company's statement.
HOTEL OWNERS NAVIGATING industry changes wrought by the pandemic face no dearth of challenges: the decline in business travel, competition from home rental
apps and ongoing labor shortages are just a few.
Too often, the people owning the hotels - many of them small business owners - are figuring out how to adapt to the new hospitality landscape with added complications
from the hotel brands that should be their partners.
While many hotel owners have struggled to maintain their livelihoods since the pandemic began three years ago, some big hotel chain franchisers sold hundreds of
millions of dollars' worth of loyalty point value to credit card companies under a system that often fails to adequately reimburse the franchisees.
That is the thanks these hardworking franchisees got as they worked hard to keep hotel doors open.
It does not have to be this way.
Generations of franchise owners have successfully embraced entrepreneurship through the franchising model. Franchising allows budding entrepreneurs to adopt a known
brand name and comprehensive business strategies in exchange for a portion of the revenue. This partnership has nurtured our industry:
Hotels owned by our members employ 1.1 million Americans and contribute $368 billion to the economy.
But the franchising relationship needs to be a two-way street to be truly successful. That is why we must ensure that the franchise industry engages in sustainable
practices that recognize and safeguard the contributions of small business owners.
U.S. HOTEL PERFORMANCE saw an uptick in the third week of March compared to the previous week, although year-over-year figures continued to decline,
according to CoStar. Key metrics such as occupancy, ADR and RevPAR continued their upward trajectory during this period compared to the preceding week.
Occupancy increased to 66.5 percent for the week ending March 16, up from the previous week's 63.2 percent, reflecting a 1.4 percent year-over-year decline.
ADR rose to $163.21 from $156.96 the previous week, marking a 2.1 percent decrease compared to last year. RevPAR reached $108.51, up from the previous week's
$99.17, signifying a 3.5 percent decrease compared to the same period in 2023.
Among the top 25 markets, Seattle reported significant year-over-year increases in occupancy, rising by 12.7 percent to 73 percent, and in RevPAR, which
increased by 21.7 percent to $120.29.
EXTENDED-STAY HOTELS reported mixed results in November compared to the broader hotel industry, as supply and demand showed gains and occupancy declined
less than the total hotel industry, according to The Highland Group. However, the 2.2 percent net increase in extended-stay room supply for the month, consistent
with September and October figures, represents a slight uptick compared to the average over the last 17 months.
Also, relatively low ADR growth led to a modest increase in extended-stay hotel RevPAR.
Supply growth stayed below 4 percent for the 26th consecutive month in November, well under the long-term average, The Highland Group said. The 13 percent
increase in economy extended-stay supply and decline in mid-price segment rooms mainly result from conversions, as new construction in the economy segment is
estimated at about 3 percent of rooms open compared to one year ago.
THE U.S. CONSTRUCTION pipeline reached a record level in the first quarter of 2024, according to Lodging Econometrics. The pipeline included 6,065 hotels
with 702,990 rooms, showing a 9 percent year-over-year rise in hotels and a 7 percent increase in rooms compared to the previous year. Furthermore, each stage
of the pipeline saw year-over-year growth in the first quarter.
LE's Q1 2024 U.S. Hotel Construction Pipeline Trend Report showed 1,144 hotels under construction, totaling 141,336 rooms-a 9 percent rise in hotels and a 1 percent
increase in rooms compared to the previous year.
Hotels set to begin construction in the next 12 months total 2,259, comprising 260,968 rooms, reflecting a 10 percent increase in hotels and an 8 percent rise in
rooms year over year, the report said. Both hotel and room counts in the early planning stage increased by 9 percent year over year, reaching record-high figures
of 2,662 hotels and 300,686 rooms, respectively.
TOTAL REVENUES FROM extended-stay hotel rooms fell by 0.2 percent in March, marking the first monthly decline in over three years, according to The
Highland Group. However, the revenue decline was smaller than the 1.6 percent contraction estimated by STR/CoStar for the overall hotel industry.
Meanwhile, extended-stay room supply increased by 2.7 percent in March, a slight uptick compared to the average monthly growth over the past two years, the
report said. This marks the 30th consecutive month of supply growth at 4 percent or less, with the annual change remaining below 2 percent for two years. However,
both these figures lag behind the long-term average.
The 14.2 percent rise in economy extended-stay supply, coupled with a small increase in mid-price segment rooms, primarily stems from conversions, The Highland
Group said. New construction in the economy segment is estimated to account for approximately 3 percent of open rooms compared to one year ago.
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.
U.S. EXTENDED-STAY HOTEL occupancy declined across 59 MSAs in 2023 compared to 2019, primarily due to significant ADR growth over the past three years,
according to The Highland Group. Additionally, extended-stay hotel RevPAR surged in more than 80 percent of MSAs, with ten of them, including four major hotel
markets, experiencing gains exceeding 10 percent.
Despite an 8 percent increase in the number of extended-stay hotel rooms under construction in the 100 largest MSAs over the past year, the figures remain below
pre-pandemic levels, the report said.
The resurgence in occupancy was notably led by smaller markets, where strong ADR increases and supply expansion played pivotal roles in driving the lowest
occupancy recovery indices for MSAs in 2023.
HYATT HOTELS CORP. reported $26 million in net income for the fourth quarter of 2023 and $220 million for the year. Comparable system-wide RevPAR grew
by 9.1 percent during the same period and 17 percent for the full year of 2023, outperforming figures from 2022 and exceeding the previous full-year outlook.
Adjusted net income reached $68 million in Q4 and $276 million for full-year 2023, Hyatt said in a statement.
"The fourth quarter marks the completion of a transformative year and demonstrates the progress towards our strategic vision and earnings evolution," said Mark
Hoplamazian, Hyatt's president and CEO. "RevPAR growth exceeded the high end of our guidance range and we had industry-leading net rooms growth for the seventh
consecutive year. This led to a record level of fees and the highest free cash flow in Hyatt's history. We returned $500 million to our shareholders and achieved
an asset-light earnings mix of approximately 76 percent for the full year, a testament to the successful execution of our strategy."
MORE THAN TWO-THIRDS of hotels are struggling with staffing shortages, leading hoteliers to offer increased pay and a variety of incentives to attract
and retain talent, according to a new survey conducted by the American Hotel & Lodging Association. In response, AHLA is calling on Congress to take action.
Around 82 percent of respondents have increased wages in the last six months, reaching a record high average for hotels in December 2023, according to the survey.
Additionally, 59 percent are offering greater flexibility with hours, and 33 percent are expanding benefits. Despite these efforts, 72 percent said they are still
unable to fill open positions.
Approximately 67 percent of survey respondents reported a staffing shortage, with 12 percent describing it as "severely understaffed," impacting their operations,
the survey said. Housekeeping emerges as the most critical need, cited by 48 percent as their top hiring priority. These figures mark an improvement from May 2023
when 82 percent reported staffing shortages.
APPROXIMATELY 43.8 MILLION Americans will travel 50 miles or more from home, surpassing pre-pandemic figures, according to a forecast by AAA. This
represents a 4 percent increase from last year and approaches the 2005 record of 44 million Memorial Day weekend travelers.
A record 38.4 million are expected to drive, marking the highest number since AAA began tracking in 2000.
"We haven't seen Memorial Day weekend travel numbers like these in almost 20 years," said Paula Twidale, AAA Travel's senior vice president. "We're projecting
an additional one million travelers this holiday weekend compared to 2019, which not only means we're exceeding pre-pandemic levels but also signals a very busy
summer travel season ahead."
The number of drivers this year is up 4 percent compared to last year and 1.9 percent higher than in 2019, the auto club said. Traveling by car is appealing for
many people because of the convenience and flexibility it provides.