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asianhospitality

ASSOCIATIONS CALL FOR BETTER ENFORCEMENT OF L.A. SHORT-TERM RENTAL REGULATIONS - 0 views

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    THE CITY OF Los Angeles is not doing enough to regulate short-term rental properties, according to AAHOA and a report from local advocacy group Better Neighbors LA. Both groups say the city should do more to enforce its existing 2019 ordinance on home sharing apps such as Airbnb and Vrbo. Los Angeles' ordinance requires short-term rentals to register and sets other regulations on home sharing apps. However, the Better Neighbors report found that the city's enforcement of the ordinance has been dropping since 2022, evidenced by a 54 percent decrease in warning letters, an 85 percent decrease in fines and a 25 percent increase in non-compliant listings. "Every year we put out an annual report that gives a snapshot of how enforcement is going in the city of Los Angeles, how many short-term rentals exist, and how that's changed from the prior year. This year, we've found that non-compliance is up," Allison Kriste, a representative of Better Neighbors Los Angeles, said in an interview with the Santa Monica Mirror newspaper. "We found a high rate of non-compliance across the boards in the city of Los Angeles. In addition, we've also found that enforcement activity is down. We're identifying more non-compliant listings, as compared to last year. The city is issuing fewer warning letters, they're issuing fewer fines. They're not doing a whole lot."
tonybruce199

Luxury Serviced Apartments for Short/Long Term Stay - Bookaddress.com - 0 views

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    Are you looking for serviced apartment in south delhi? You can easily explore the list of 100+ luxury serviced apartments in south delhi for short term stay as well as long term stay with bookaddress.com or you can also contact us via email at: bookaddress.com@gmail.com or call at: +91 92 11 89 89 89.
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    Are you looking for serviced apartment in south delhi? You can easily explore the list of 100+ luxury serviced apartments in south delhi for short term stay as well as long term stay with bookaddress.com or you can also contact us via email at: bookaddress.com@gmail.com or call at: +91 92 11 89 89 89.
mintfares

Basic Terms Every Flyer Should Know About - 0 views

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    Get to know about some of the basic terms which are used frequently in airlines. As these common terms can be misunderstood by travelers and create confusion.
asianhospitality

Websrefresh offers a guide to website copyright - 0 views

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    "Copyright" can look like a familiar yet technical term to understand in its absolute sense. Mainly, if referred to in context with websites, this can be a term that most people might not know fully about. To help you have complete knowledge about it, we will try to cover everything you need to know about website copyright in a comprehensive way for you to simplify all the legality that surrounds the term. What is website copyright? Website copyright is a legal authorization that gives the website owner the ultimate right over all the content. With the copyright, the website owner can sell or display their work in whatever regard on any platform. Copyright does not apply to any or everything. But, the digital content uploaded on the website specifically falls under the category of intellectual property, so whatever information goes on can be covered as copyrighted property.
asianhospitality

AHLA protests new 'joint-employer standard' - 0 views

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    PROPOSED FEDERAL REGULATIONS defining a "joint-employer standard" would have a "chilling effect" on the hospitality industry and franchises in general, according to the American Hotel & Lodging Association. The National Labor Relations Board's latest version of the standard could define two companies as joint employers if they both control certain elements of employees' terms and conditions. The period for comments on the proposed regulations ended Nov. 21 and the would rescind and replace the joint-employer rule that took effect on April 27, 2020. That previous rule established that "a business must possess and exercise substantial direct and immediate control over one or more essential terms and conditions of employment of another employer's employees" to be considered a joint employer. However, a ruling by the U.S. Court of Appeals for the D.C. Circuit in July reversed that rule. Now, under the new rule, "two or more employers would be considered joint employers if they 'share or codetermine those matters governing employees' essential terms and conditions of employment,' such as wages, benefits and other compensation, work and scheduling, hiring and discharge, discipline, workplace health and safety, supervision, assignment, and work rules," according to NLRB.
asianhospitality

New York City increases oversight of short-term rentals - 0 views

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    THE NEW YORK City government implemented new regulations last week, enabling oversight of short-term rentals. These rules now mandate hosts to register with the city when renting their homes for less than 30 days, and AAHOA issued a statement supporting the law. Under this rule as of Sept. 5, platforms such as Airbnb, Vrbo, and Booking.com are required to confirm a host's registration approval before processing fees. Failing to register a rental listing could lead to penalties of up to $1,500 per transaction for these platforms, while hosts themselves face potential fines of up to $5,000. "[The Mayor's Office of Special Enforcement]'s initial phase of Local Law 18 enforcement will focus on collaborating with the booking platforms to ensure they are using the city's verification system, that all verifications are occurring correctly, and that the platforms stop processing unverified transactions," said the OSE's website.
asianhospitality

AirDNA: Economic stability expected to fuel growth for U.S. short-term rentals in 2024 - 0 views

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    A STABLE ECONOMIC backdrop is expected to fuel a 10.7 percent year-over-year increase in the U.S. short-term rental industry in 2024, surpassing the 6.7 percent rise seen in 2023, according to AirDNA's 2024 outlook report. Moreover, AirDNA foresees balanced growth for the industry in 2024, marked by a projected 10.9 percent increase in supply expansion guided by rising demand for more sustainable market practices. "Approaching 2024, the industry anticipates balanced growth with a projected 10.9 percent increase in supply expansion," said Jamie Lane, senior vice president of Analytics at AirDNA. "Contrary to exaggerated reports of an STR 'collapse,' heightened market competition emphasizes the need for hosts and property managers to meticulously monitor data trends. This strategic approach is crucial for surpassing competitors and sustaining revenue, taking advantage of a strong economy and the growing preference of travelers for STR lodging."
Holiday Mood

Looking for flight to Lagos - 0 views

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    Lagos has plenty of natural beauty which is not known and waiting to be explored, so come and log on to www.airtravelexperts.co.uk for cheap flights to Lagos and fares to Lagos.Lagos, the largest city of Nigeria in terms of populations and is the second largest most populous city in Africa. Lagos is a port city and has some awesome natural beauty in terms of coastal lines and beaches.
Holiday Mood

Book your Cheap Holiday to Doha - 0 views

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    Doha is the capital city of Qatar. Doha is also the largest and is an important city in terms of Finance, politics and culture. The city is undergoing a face lift in terms of Development and infrastructure with a view of it being one of the major metropolitan cities of gulf. Doha international airport is the main gateway for international traffic into Qatar and its national airlines Qatar Airways is considered to be the best in the world.
Abdelouahed ait lyazid

Villa rentals in marrakech - 0 views

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    If you plan to vacation in Marrakech and wants to stay in place, you should consider renting a villa. There are many advantages of staying in a villa in Marrakech compared to a hotel, especially if you stay in a longer period. also there are a number of villas to rent for both short term and long term, in tourist areas.
Chris Drost

Faxless Payday Loans- Get Instant Cash without Lengthy Formality of Faxing - 0 views

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    Faxless Payday Loans are a straight forward financial alternative that is provide quick cash to you with simple terms and conditions. These are the short term and unsecured in nature so there is no need to fax any document and paper to the lender. You get instant funds in your bank account directly with none formalities.
jatin rawat

Want to do Short Business Courses in South Africa - 0 views

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    For business owners and employees who never went to a formal educational institute, short term courses in South Africa are an excellent opportunity to enhance their CVs and operational knowledge. Graduates and postgraduates can use these courses to update their knowledge base and expand on their practical skills. These courses are not as comprehensive as a regular, long term degree but are useful in one's professional life as they certify an individual's desire for continuous learning and improvement.
Holiday Mood

Amazing deals on Seychelles holiday - 1 views

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    The island of Seychelles on the Indian Ocean is a luxury destination with number of resorts and hotels and considered to be the expensive holiday destination in the world. The top of the line luxury in terms of accommodations and service are the USP of this destination. If you ever planned a holiday which will fulfill your desire of a luxury trip in its true sense then Seychelles is the place for you. Airtravelexperts with the presence of its local suppliers will get you the best and cheap holiday to Seychelles for the best in terms of hotels and flights to Seychelles, which will make you holiday to Seychelles a remember able time.
asianhospitality

Report: ADR for U.S extended-stay hotels hit record in Feb - 0 views

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    ADR GROWTH FOR U.S. extended-stay hotels reached a record high in February, according to hotel investment advisors The Highland Group. Owing to this, the segment saw record high demand and monthly RevPAR up by more than 40 percent during the month compared to a year ago. During the month, occupancy growth was also significant with extended-stay hotel's occupancy premium compared to the overall hotel industry staying well above its long-term average. The 3.1 percent increase in extended-stay room supply in February is the fifth consecutive month of 4 percent or lower supply growth, according to "U.S. Extended-Stay Hotels Bulletin: February 2022" report by Highland Group. It suggested that mid-price and upscale supply increases should be well below pre-pandemic levels during the near term, the report added.
asianhospitality

Report: U.S. extended-stay hotels see high demand in Jan - 0 views

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    U.S. EXTENDED-STAY hotels posted record high demand in January and monthly RevPAR was up by more than one third mainly due to record ADR growth during the period over 2021, according to hotel investment advisors The Highland Group. Occupancy extended-stay hotels also remained high in the month when compared to the overall hotel industry's long-term average. The supply growth of 3.5 percent in January further indicated that mid-price and upscale supply increases should be well below pre-pandemic levels during the near term, according to "U.S. Extended-Stay Hotels Bulletin: January 2022" report by Highland Group. It is the fourth consecutive month of 4 percent or lower supply growth. The report said that the overall hotel industry lost far more revenue than extended-stay hotels in 2020 and 2021, so it is now recovering revenue more quickly. Besides, overall hotel industry lost far more RevPAR than extended-stay hotels in 2020, its RevPAR growth in January this year compared to last year was considerably greater.
asianhospitality

NewcrestImage acquired 45 hotels in 11 states - 0 views

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    DALLAS-BASED NEWCRESTIMAGE recently acquired of 45 hotels with around 3,300 rooms in 11 states in the U.S., a statement said. The properties include 35 Marriott, seven Hilton, and three Choice-branded hotels in Arkansas, Colorado, Illinois, Iowa, Kansas, Michigan, Minnesota, North Dakota, Ohio, South Dakota, and Texas, according to the company. NewcrestImage retained the management companies Aimbridge Hospitality and HHM Hospitality to operate the properties. It announced the deal in September. "Each of these hotels represents a strong opportunity for generating revenue in the short-term, as well as for building long-term asset value," said Mehul Patel, NewcrestImage's managing partner and CEO.
asianhospitality

Recovery gap between extended-stay hotels, others closer - 0 views

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    AS THE FIRST half of 2022 ended, U.S. hotels overall were catching up with extended-stay hotels in terms of recovery, according to a report from The Highland Group. RevPAR recovery, for example, was almost the same for hotels overall and extended-stay. Also, the report found that new construction fell to an 8-year low over the first two quarters of the year, according to the report. For the first time in 18 months, the overall hotel industry's second quarter RevPAR recovery index surpassed 100 percent, matching the extended-stay hotel's 109 percent index. Economy and mid-price extended-stay hotels are still ahead of the overall recovery as well as upscale extended-stay hotels. The gap between the segments is expected to narrow over the near term.
asianhospitality

USTA launches Sustainable Travel Coalition - 0 views

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    THE U.S. TRAVEL ASSOCIATION recently launched the Sustainable Travel Coalition to align the travel, transportation and technology sectors to create a more sustainable U.S. travel industry, a statement said. The coalition with nearly 60 member organizations will advise USTA on sustainability issues, opportunities and concerns within the industry. The long-term goals of the coalition include, showcasing innovative technologies and calling attention to the ongoing actions and leadership of travel professionals in the sustainability space, boosting industry goals and commitments to conservation, best practices, waste and emission reductions and both long- and short-term investments. It will also highlight why sustainability matters in the industry and play offense by identifying and promoting proactive policies and defend against harmful policies that slow progress or penalize the industry without progress. A policy committee will monitor regular progress and collaboration.
asianhospitality

U.S. extended-stay hotels drops for the second consecutive month in May - 0 views

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    ALL RECOVERY INDICES of U.S. extended-stay hotels were lower compared to 2019 in May than in April, according to hotel investment advisors The Highland Group. The demand for economy extended-stay hotels declined 1.3 percent for the second consecutive month in May compared to same period last year mainly due to sharp increase in ADR in last few months, the report said. The U.S. Extended-Stay Hotels Bulletin: May 2022 by The Highland Group said that the extended-stay room supply growth was just 1.9 percent during the month. It is the second successive month that the growth was below 2 percent since 2013, and the eighth consecutive month of 4 percent or lower supply growth. The report added that the supply increase will be well below pre-pandemic levels during the near term. According to STR, all hotel room revenue was up 43 percent in May 2022 compared to last year. "In May, mid-price and upscale extended-stay segments reported their lowest monthly change in demand in 2022. Except for February 2021, due to the leap year in 2020, economy extended-stay hotels reported only the second monthly fall in demand in 23 consecutive months," the report said. "Overall hotel occupancy gained more than extended-stay hotels in May compared to one year ago, decreasing extended-stay hotel's occupancy premium to 12 percentage points, and remains within its long-term average range."
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