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THE COVID-19 PANDEMIC did not slow Magnuson Hotels' growth as it added 80 franchise agreements for its Independent Collection in the U.S. and United Kingdom in 2021. The company said its business model and focus on local markets and dynamic pricing helped it weather the storm. Magnuson is expecting continued strong performance in 2022 for the Independent Collection, which is made up of independent hotels receiving support from Magnuson. Occupancy for the collection rose 31.3 percent and RevPAR rose 43.5 percent over 2019 levels during 2021, according to a statement from the company. At the same time, according to data from STR, U.S. total occupancy for 2021 dropped 12.6 percent, ADR dropped 4.8 percent and RevPAR went down 16.8 percent. "The pandemic has seen a shift in hotel source markets, with corporate travel and international travel as we've known it removed from hotels' options. Our teams have instead looked domestically and locally at those businesses which are key to success and solid, long-term business," said Thomas Magnuson, the company's CEO. "Local government, medical, public safety, energy, transportation, construction, government, long-term corporate. The business market is now driven by essential business travel-the must-take trips, those small and medium-sized enterprises which have been getting in their cars and hitting the road."

THE U.S. HOTEL industry will be well on the way to recovery in 2022, according to consulting firm HVS Americas. However, a full recovery in real terms, after adjusting for inflation, remains a few years away, it added. With more assets, both distressed and well performing, expected to come to market this year, 2022 will be an exciting year for the industry, said Rod Clough, president of HVS, in an article titled 'ALIS 2022 Takeaways - Our Industry Braces for a Big Year Ahead'. A near full recovery in RevPAR at $85 for U.S. hotels is likely to happen by the end of 2022 when compared to $86 in 2018-19. "The higher inflationary environment will continue to bode well for hotels, resulting in ADR pricing power leading to a lift in revenue on top of still lean operational models. Group travel is still lagging the recovery, but near-term, smaller-group bookings (at newly raised room rates) should help bridge the gap while the industry waits for larger meetings to return," Clough wrote in the article. "Rising development costs due to supply-chain disruptions, labor shortages, and overall inflation are leading to a general contraction in new hotel openings. Moreover, development challenges are intensifying for major CBDs, attributed to slow office re-openings, a lag in larger convention bookings, higher operating/labor costs, and even higher construction costs than your average project."

THE U.S. HOUSE of Representatives recently passed a Congressional Review Act resolution to overturn the National Labor Relations Board's October ruling on its definition of joint-employer status. The American Hotel & Lodging Association welcomed the resolution, but President Biden has promised to veto it. The NLRB ruling, issued Oct. 26 and due to take effect Feb. 26, defines a joint employer to be any company that shares or codetermines one or more essential terms and conditions of employment. Those include ages, benefits, and other compensation; hours of work and scheduling; the assignment and supervision of duties to be performed; work rules and tenure of employment. The final rule rescinds the 2020 rule that was promulgated by the prior board and applies the new definition of joint employer to any entity that can control the essential terms of employment whether or not such control is exercised and without regard to whether any such exercise of control is direct or indirect. House Joint Resolution 98 would nullify the NLRB's rule.

TOTAL EXTENDED-STAY HOTELS achieved new fourth-quarter milestones in 2023, setting records in supply, demand, ADR, RevPAR, and room revenues, according to The Highland Group. Despite this, occupancy declined alongside the broader hotel industry trend, with slower growth in ADR and RevPAR throughout the year. Consequently, extended-stay hotel RevPAR experienced its smallest fourth quarter increase since 2019, excluding contractionary periods. Extended-stay hotel supply growth increased marginally in 2023 but remained very low, the report said. The last time supply growth consistently hovered around its current level was from the fourth quarter of 2010 through the third quarter of 2014. Throughout this period, supply increases stayed below their long-term historical average for 20 consecutive quarters, while the federal funds rate was about 10 times higher than its current level. With interest rates and construction costs expected to stay relatively high, the risk of extended stay hotel oversupply nationally is low in the near term, despite the launch of several new brands, The Highland Group said.

U.S. EXTENDED-STAY HOTELS showed positive growth in April after a difficult first quarter, according to The Highland Group. Monthly room revenue growth was the highest in nearly a year, demand saw its strongest increase in 16 months, and ADR and RevPAR turned positive after two and four months of decline, respectively. "The performance of extended-stay hotels in April re-established the segment's long-term trend of increasing its market share of total hotel supply, demand and room revenues," said Mark Skinner, partner at The Highland Group. The extended-stay room supply grew 2.8 percent in April, slightly above the average monthly increase over the last two years, the report said. However, April marked 31 consecutive months of 4 percent or less supply growth, with annual supply change under 2 percent for two years-both metrics well below the long-term average.

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.

Travelling around the world is a dream to anyone and when we plan about the same, the term "Budget" comes into our minds. http://bit.ly/1qeStuE

Travelling around the world is a dream to anyone and when we plan about the same, the term "Budget" comes into our minds. http://bit.ly/1qeStuE

This AquaBrick™ doubles as emergency water storage & long term food storage container. Can hold 3 gallons of water or 20 lbs. of food comfortably. Now this 6-pack combo including a spigot is available at an excellent deal price of $185.95.

We're here to help your business achieve long-term success while we provide top of the line laundry solutions that you can depend on for years to come. We offer a full line of On-Premise washers and dryers that are designed and built in the USA. We are continuously looking for ways to help make you more successful and provide solutions that better fit your needs. We are excited to share the recent launch of our Express Plus S-975 (60lb) soft mount washer. Built with over 130 years of engineering, the S-975 (400G) is built to show up to work every day and offers total control with O-Series including 100 fully customizable cycles. The rugged internal suspension system allows this soft mount washer to be installed in locations that can't support a traditional hard mount machine. Plus, the flexible design reduces installation time without sacrificing the quality you expect from Dexter Laundry. As always, this model too is backed with a 10-year warranty and lifetime technical support. And for a limited time, we are offering up to $1,100 in rebates per machine* with On-Premise washers and dryers.

EXTENDED-STAY HOTELS DISPLAYED varied performance in December compared to the overall hotel industry, with supply, demand, and room revenues showing relative gains, according to The Highland Group. Occupancy experienced a milder decline than the broader hotel sector while low ADR growth and an unexpected decline in economy extended-stay RevPAR resulted in a total extended-stay hotel RevPAR decrease versus a slight RevPAR increase in the overall hotel industry. The 2.4 percent net increase in extended-stay room supply in December represents a modest rise compared to the average over the past 18 months and a slight gain over the most recent three months, the report said. Supply shifts overview December marked nine consecutive quarters with 4 percent or less supply growth, significantly below the long-term average, according to The Highland report. The 13 percent surge in economy extended-stay supply and the reduction in mid-price segment rooms are primarily attributed to conversions, with new construction in the economy segment accounting for approximately 3 percent of rooms compared to a year ago.

Nairobi is a multicultural city with the presence of Foreign migrants especially from India and Pakistan who came in as the Construction workers early in the history of this city. If you love shopping and entertainment then Nairobi has number of malls and cinemas where you can shop variety in terms of Fashion and other essentials. If you ever planned a holiday, a holiday to remember and live forever then this Green city in the sun as it is popularly known is the place to cherish and worth paying for so contact Holidaymood for a Cheap Ticket to Nairobi.

While many people are intuitively more quick to trust a new car salesman, there are actually many reasons relationships used car dealers can benefit you.

India is the most popular country in the world in terms of tourism. It can be mainly divided into north zone and south zone and both the regions are equipped with tourists' charms and interesting facts. They allure travelers from every nook and corner of the globe and give them a wonderful memory during their India tour.

The capital city of Porto Rico, San Juan is an important city in terms of manufacturing, tourism, financial and cultural aspects of the country. San Juan is also very important seaport and plays a major role in the countries manufacturing. The climate is tropical and there is a lot sun and shine for one to enjoy this lovely city and numerous hotels, museums, beaches, historical buildings and sparkling shopping centers.

One of the many cities of Africa with that typical African essence and that very typical natural paradise the city of Entebbe is no different. It is one of the biggest of all the cities in Uganda and the most important in terms of politics and Economics. It has everything that a traveler looks for in a city from the entertainment to the leisure.

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The city of the world famous and iconic arena of MCG or the Melbourne Cricket Ground, The city of Melbourne is considered to be the Cultural capital of Australia as it is the home of all types of Cinema and Musical births. The city of Melbourne is the second largest after Sydney in terms of population.

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