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COSTAR GROUP, A real estate marketplace and analytics provider, granted STR's hotel data subscribers access to its full product suite, enabling users to leverage multisegmented market analytics and forecasts. The services include a tenant database of 7.8 million spaces, an inventory of 6.7 million properties, a pipeline tracking 79,000 projects and a transactions database with 4.2 million sales comparables, CoStar said in a statement. "Today, CoStar becomes the product for tens of thousands of hotel users worldwide," said Andy Florance, CoStar Group's founder and CEO. "With access to the full product offering, hotel owners, operators and brand representatives will gain comprehensive insights across all commercial asset categories, enabling them to refine their sales strategy and identify new investment opportunities." STR's latest benchmarking solution debuted within the CoStar product in May 2023, the statement added. This comprehensive, multilingual tool offers enriched STAR Reports, detailed property and portfolio insights, and advanced visualizations to streamline revenue and performance management, operations, sales, marketing, and finance.

HILTON HOTELS & RESORTS retained its title as the world's most valuable hotel brand for the ninth consecutive year, while Hyatt Hotels Corp. secured the second spot again, according to the latest data from Brand Finance. Meanwhile, India's Taj Hotels is the world's second-fastest-growing brand, primarily due to revenue growth and improved brand strength. Hilton's brand value is estimated at $11.6 billion in the Brand Finance Global 500 2024 ranking. Hyatt holds a value of $6 billion, and Taj increased its brand value by 45 percent to $545 million, Brand Finance said in a statement. "Many top hotel brands have struggled to grow their brand value as robustly as in the years leading up to 2020, and the Brand Finance Hotels 2024 ranking shows that these challenges are ongoing as the industry recovers," said Henry Farr, Brand Finance's associate director. "Despite an uptick in travel and hotel demand, the actual growth hasn't matched expectations, resulting in slight declines or minimal brand value growth for the world's leading hotel brands."

APPROXIMATELY 70.9 MILLION U.S. travelers are expected to journey 50 miles or more from home over the Independence Day holiday, according to the latest AAA forecast. For the first time, AAA considered the entire week of July 4th, plus the Saturday before and the Sunday after the holiday. This year's projected number of travelers marks a 5 percent increase from 2023 and an 8 percent increase from 2019. "With summer vacations in full swing and the flexibility of remote work, more Americans are taking extended trips around Independence Day," said Paula Twidale, AAA Travel's senior vice president. "We anticipate this July 4th week will be the busiest ever with an additional 5.7 million people traveling compared to 2019." AAA estimated a record 60.6 million people will travel by car over Independence Day week, an increase of 2.8 million from last year. This year's number also surpasses the 55.3 million who traveled by car over July 4th week in 2019.

U.S. HOTELS ADDED 700 jobs to their payrolls in June, according to the latest government data, but the nationwide workforce shortage continues to make it difficult for hotels to fill open positions, according to the American Hotel and Lodging Association. Total hotel employment stands at about 1.92 million, according to the Bureau of Labor Statistics, which is more than 196,000 fewer workers than in February 2020, reflecting a scarcity of available employees. Bureau of Labor Statistics also revised down the total number of hotel jobs in the country, which eliminated job gains for the industry that were reported in prior months, AHLA said in a statement. "Halfway through 2024, the hotel industry is behind where it needs to be when it comes to hiring staff, despite near-record high wages and expanding workplace benefits and flexibility," said Kevin Carey, AHLA's interim president and CEO. "The reason is the nationwide workforce shortage, which is preventing hoteliers from meeting their full potential as demand for travel remains strong. Both Congress and the administration can provide relief to our members, many of whom are small business owners, and AHLA will continue to call for action to expand the pool of available workers."

PRICES FOR TRAVEL goods and services decreased by 1.4 percent in June for the second consecutive month, outpacing the overall economy's 0.1 percent decline, according to the latest Consumer Price Index data from the U.S. Travel Association. The Travel Price Index indicated that lower hotel, airline, and gas prices were the primary contributors to the sector's significant price reduction. In contrast, the broader economy experienced its first monthly price decline since 2020, USTA said in a statement. "Now is the time for the travel industry to boost volume," said Geoff Freeman, USTA's president and CEO. "We've already seen travelers take advantage, with eight of the 10 busiest days in TSA's history occurring in 2024. It's essential that the industry is equipped with the right funding, resources and technology - coupled with sustained government focus - to meet an increase in demand."

Recently the news have been flashed that MNREGA workers will get more wages irrespective of the earlier effective from 1st April. These wages will be revised annually. Visit this page and know more about it.

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World Spa & Travel is the Luxury Online Travel Magazine. Covering the latest trends,insight into dream destinations to unexplored regions, in depth hotel & spa review, World Spa & Travel Magazine bridges the subjects of Spa & Travel in a very distinct way. While pleasing the senses and mind, World Spa & Travel Magazine brings inspirational, practical, unparalled content for audience of discerning travellers.

Obama administration officials defended themselves on Wednesday for making initial statements earlier this month that the Boeing 787 Dreamliner was safe to fly, despite a battery fire that had occurred on a tarmac, the Associated Press reports.

Spirit Airlines started nonstop service Thursday between Dallas/Fort Worth International Airport and New Orleans, the airline announced.Airlines news.

Irish air carrier Ryanair is closing in on an order for at least 150 of the Boeing Co.'s 737 model, according to this report from the Chicago Tribune.

It is important to stay informed of your rights, and of great value to continue to participate in the US political process. Even, while you are overseas , either traveling or residing. Read Passportinfo's latest article on the tips and guide for US citizens for voting from abroad. Know everything about the eligibility and documentation requirements, as well as the process and option you can have to vote overseas.

Before you pack your bags for your summer travel, you'd be wise to check the passport requirements for your destination! Entry requirements for international destinations aren't set in stone; they can and do change frequently. Nations including Italy, France, Kuwait, and even the US have recently changed their entry requirements for foreign visitors. Read the PassportInfo's latest post on updated passport requirements of Europe, Asia, and North American countries.

Are you wondering when you should renew your passport? It's not just all about when your passport expires! There are other reasons, when you may need to renew your passport. Read the PassportInfo's latest article here to know all the things you need to aware of, to keep your passport up to date. Also, know the times of the year that are better for passport renewals!

If you are making plan to travel the world and unaware what you need then visit RapidLeaks where you will get latest and all the news, articles and many more about Tourism which you help you to get information about destination, best time to visit, what cost of tour, and every tiny information you need.

Adopting a child from overseas? Read the PassportInfo's latest article here about the travel documents - Passports and Visas, that you will need for an international adoption, and bring your child home to the United States.

Americans who cross borders without a US passport or other WHTI-compliant documents, could soon face fines. The proposed fine is expected to only impact travelers who are entering the US by land. The fee is intended to cover the costs of the extra inspection required to admit a US citizen without a passport. Read the complete article here to know everything about the latest non-compliant traveler fees.

Are you planning to head overseas? Don't make mistakes with your passports that wind up causing you a lot of hassle! Read the PassportInfo's latest article here about the most common passport mistakes, so that you won't have any unpleasant surprises while traveling outside of US.

Portuguese resorts, cities and companies have received a total of 26 nominations for this year's World Travel Awards, with the Europe Gala Ceremony being held at the brand new Conrad Algarve hotel in Quinta do Lago on 6 October, prior to its official opening.