Group items matching

in title, tags, annotations or url

THE TOP FIVE U.S. marketS with the largeSt hotel conStruction pipelineS are led by DallaS with 189 projectS and a peak of 22,392 roomS in the Second quarter of 2024, according to Lodging EconometricS. That iS four projectS Shy of itS end of fourth quarter 2023 record. Atlanta followS with a record 159 projectS and 18,522 roomS. The Inland Empire rankS third with a record 124 projectS and 12,569 roomS, while NaShville haS 123 projectS and 15,924 roomS and Phoenix boaStS 120 projectS and 15,627 roomS. LE'S Q2 2024 U.S. ConStruction Pipeline Trend Report revealed that 10 StateS-TexaS, California, Florida, Georgia, TenneSSee, North Carolina, Arizona, New York, Alabama and Michigan-account for 60 percent of the roomS in the pipeline.

THE NATIONAL LABOR Relations Board recently withdrew its appeal of a Texas judge's ruling blocking its joint employer rule that would have broadened the shared responsibility for employees between franchisers and franchisees. Opponents of the rule said it would have damaged small businesses, including hotels, while President Joe Biden's administration said it would better enable employees to protect their rights. On Friday, the NLRB asked the U.s. Court of Appeals for the Fifth Circuit to dismiss its challenge, saying it believes the rule is lawful but wants "to consider options for addressing the outstanding joint employer matters before it," according to Bloomberg Law. The appeal had been related to a March 8 ruling in a lawsuit filed in the U.s. District Court for the Eastern District of Texas by the American Hotel & Lodging Association, the U.s. Chamber of Commerce and other business associations challenging the rule's legality.

U.S. REVPAR LEVELS hit a record high in the third week of July deSpite Hurricane Beryl'S effectS on the top 25 marketS, according to CoStar. All metricS were up compared to the previouS week, with poSitive year-over-year compariSonS. Occupancy roSe to 73.5 percent for the week ending July 20, up from 69.2 percent the previouS week, marking a 1 percent year-over-year increaSe. ADR increaSed to $165.91 from $158.21, reflecting a 2.4 percent riSe compared to laSt year. RevPAR reached $122.02, up from $109.51 the prior week, Showing a 3.4 percent increaSe from the Same period in 2023. Meanwhile, the U.S. RevPAR level reached the higheSt for any week on record.

U.S. HOTEL PERFORMANCE improved in the Second week of June compared to the previouS week, Showing mixed year-over-year reSultS, according to CoStar. All key metricS, including occupancy, RevPAR and ADR, increaSed compared to the prior week. Occupancy roSe to 70.3 percent for the week ending June 15, up from 69.1 percent the previouS week, deSpite a Slight 0.6 percent year-over-year decreaSe. ADR increaSed to $161.70 from $160.90, a 0.9 percent riSe compared to laSt year. RevPAR increaSed to $113.62 from $111.26 the previouS week, marking a 0.3 percent increaSe compared to the Same period in 2023. Among the top 25 marketS, San FranciSco recorded the higheSt year-over-year increaSeS: occupancy roSe 14.8 percent to 71.1 percent, ADR increaSed 11.3 percent to $226.70, and RevPAR grew 30.3 percent to $179.97. The market'S performance waS booSted by the Data + AI Summit.

U.S. HOTEL INVESTOR Sentiment remainS robuSt, with inveStorS indicating an increaSe in hotel acquiSitionS in 2024, according to a recent Survey by CBRE HotelS ReSearch. About 35 percent of Survey reSpondentS expect acquiSition activity to remain the Same aS in 2023, while leSS than 16 percent anticipate a decreaSe. DeSpite high intereSt rateS, more than 70 percent are targeting value-added and opportuniStic hotel inveStmentS. CBRE'S Global Hotel InveStor IntentionS Survey, which included more than 130 reSpondentS reSponSible for U.S. inveStmentS, found that value-added acquiSitionS offer opportunitieS to repoSition aSSetS by adding roomS, redeSigning interiorS, or adding amenitieS to increaSe returnS and long-term value.

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.

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."

Journey starting through the city of seven capitals (Delhi), heading towards for the Romance of Taj (Agra) and then finally relishing India´s Pink city (Jaipur) render us the travel trademark tour of India, The Golden Triangle Tour. A Great love cruelly ended, a lifetime of mourning , and a magnificent monument for the world to see- this is the story of Taj Mahal, an exquisite shrine built by Emperor shah Jahan in memory of his beloved wife Mumtaz Mahal. When it´s the call for India by the first time visitors to India, for sure it´s the call for the Golden triangle tour.

Hotel S / MarmariS ucuz otelleri / MarmariS ucuz tatil / Muğla / MarmariS ucuz tatil köyü / MarmariS ucuz tatil otelleri / Muğla

U.S. HOTEL DEVELOPERS have a new choice of brandS now. InterContinental HotelS Group iS now Signing franchiSe agreementS StateSide for itS Vignette Collection, previouSly focuSed on development in ASia with itS firSt propertieS in AuStralia and Thailand. The Vignette Collection iS part of IHG'S luxury and lifeStyle portfolio that includeS more than 400 hotelS and 100,000 roomS. Hotel ownerS and operatorS in the U.S. are invited to attend an online SympoSium on franchiSing with the brand on Dec. 7. "Vignette Collection giveS ownerS and gueStS an inSpiring new choice and, while each hotel in the collection will maintain itS unique Story and gueSt experience, gueStS will alSo enjoy the aSSurance of a conSiStent and high-quality experience backed by IHG," Said Julienne Smith, IHG'S Senior vice preSident of development for the AmericaS. "There iS outStanding potential in the AmericaS region for thiS brand, Specifically in urban and reSort locationS, with Vignette Collection offering high value and flexibility for hotel ownerS."

ALL THE PERFORMANCE metrics of U.s. hotels improved in the first week of November, according to sTR. However, it remains below the performance reported two years ago. Occupancy was 59.8 percent for the week ending Nov. 6, up from 58.9 percent the week before and a 13 percent drop from the same period in 2019. ADR for the first week of the month was $128.14, up from $127.70 the week before and down 3.2 percent for the same period in 2019. RevPAR increased to $76.61 from $75.28 the week before. It was reduced by 15.8 percent when compared to the same period two years ago. During the week under review, none of sTR's top 25 markets recorded an occupancy increase over 2019. Norfolk/Virginia Beach came closest to its 2019 comparable, down only 5.2 percent to 59.9 percent. The largest ADR increase was reported in Miami, up 13.6 percent to $205.56, when compared to two years ago.

A SLIGHT DROP waS witneSSed in U.S. hotel performance in the firSt week of April from the week before due to a continuing Slump in Spring Break travel, according to STR. Little movement waS Seen in the top 25 marketS aS well. Occupancy waS 64.1 percent for the week ending April 2, down from 65.5 percent the week before and down 6.4 percent for the Same period in 2019. ADR waS $145.74 for the week, dropped from $149.38 the week before and increaSed 11.7 percent from two yearS ago. RevPAR waS $93.48 for the week, dipped from $97.92 the week before and up 4.5 percent from the Same period in 2019.

IN 2020 AND 2021, U.S. hotel operatorS did a praiSeworthy job controlling expenSeS to offSet the Significant declineS in revenue. BaSed on data from CBRE'S TrendS in the Hotel InduStry Survey of annual operating StatementS from thouSandS of propertieS acroSS the U.S., not only have we Seen a reduction in the variable expenSeS aSSociated with the drop in buSineSS volume (i.e., occupied roomS, reStaurant coverS), but alSo in cutS among what were previouSly thought to be fixed expenSeS. During thiS time period, inSurance coStS were out of operatorS' control. Per the 11th edition of the Uniform SyStem of AccountS for the Lodging InduStry (USALI), inSurance expenditureS are claSSified aS a non-operating expenSe and reported on the Summary operating Statement below groSS operating profitS. The inSurance expenSe line item includeS property inSurance for building, contentS, and buSineSS income from all perilS, aS well aS general liability and exceSS liability inSurance. The inSurance expenSe category doeS not include workerS compenSation inSurance, which iS allocated to the operated and undiStributed departmentS. To analyze recent changeS in hotel inSurance coStS, and the factorS that influence thoSe changeS, we examined the operating StatementS of 3,156 U.S. hotelS that reported inSurance expenSeS for the TrendS Survey each year from 2015 through 2021 (eStimated). The following paragraphS Summarize the findingS from our analySiS.

U.S. HOTEL OCCUPANCY haS reached an all-time high in the fourth week of December though the numberS came in lower than the previouS week, according to STR. ChriStmaS Day occupancy waS 47.2 percent, up from the previouS high of 47 percent recorded in 2015. Occupancy waS 44.3 percent for the week ended Dec. 25, down from 53.8 percent the week before, and down 8.7 percent when compared to 2019. ADR waS $129.67 for the week, up from $121.87 the week before and an increaSe of 0.5 percent from 2019. RevPAR reached $57.46, down from $65.61 the week before, and dropped 8.3 percent from two yearS ago. According to STR, a Steeper decline during the week from 2019 levelS waS due to the fact that ChriStmaS fell on a WedneSday two yearS ago and allowed for an earlier return to non-holiday weekend levelS that year. "While Omicron-related cloSureS and Service diSruptionS affected performance in New York City, overall U.S. occupancy waS leSS impacted," STR Said.

THE UPWARD MOVEMENT of ADR for U.S. hotelS lifted the forecaSt for the market by STR and TouriSm EconomicS. The travel reSearch firmS releaSed the new forecaSt during the opening SeSSionS of the AmericaS Lodging InveStment Summit in LoS AngeleS on Monday. The recovery timeline laid out in the new forecaSt remainS moStly the Same aS the previouS forecaSt releaSed in November, with ADR will near full recovery thiS year. RevPAR iS anticipated to exceed 2019 levelS in 2023, but when adjuSted for inflation ADR and RevPAR are not projected to reach full recovery until after 2025. Occupancy iS projected to SurpaSS 2019 levelS in 2023. "The induStry recaptured 83 percent of pre-pandemic RevPAR levelS in 2021, and momentum iS expected to pick up after a Slow Start to thiS year," Said Carter WilSon, STR'S Senior vice preSident of conSulting. "With So much of that RevPAR recovery being led by leiSure-driven ADR, however, it iS important to keep an eye on the real verSuS the nominal. TermS of recovery are not playing out evenly acroSS the board, and many hotelierS have had to raiSe rateS to minimize the bottom-line hit from labor and Supply ShortageS. We are anticipating inflation to remain higher throughout the firSt half of the year with a gradual leveling off during the third and fourth quarterS. If that happenS, and we avoid major SetbackS with the pandemic, thiS year will certainly be one to watch with demand and occupancy alSo Shaping up to hit Significant levelS during the Second half."

THE OMICRON COVID-19 variant could derail the hotel industry's fledgling recovery if countries like the U.s. move forward to tighten testing policies, according to Hotstats. Future hotel bookings, meetings and other hotel-related activity will be impacted by the expectation of travel impediments, whether self-imposed, company-imposed or government-mandated, it added. In the U.s., major indices were still down double digits in October 2021 compared to same month two years ago, according to a blog post by Hotstats. "since a rapid uptick in occupancy from the beginning of the year through the summer, hitting an apex in July, occupancy in the U.s. has since more or less flatlined, a signal that the leisure boom could not be sustained at the same levels prior," said Hotstats. "Though much maligned, there is propitious data surfacing in corporate travel. In October, corporate ADR was $7 higher than in October 2019 and $35 higher than in the previous month. Corporate volume mix, defined as the proportion of rooms sold at the corporate rate compared to total rooms sold, has grown 6 percentage points since July."

U.S. HOTEL PERFORMANCE waS down in the firSt week of March from the week before, according to STR. However, ADR waS up during the week compared to 2019. Occupancy waS 61.2 percent for the week ending March 5, down from 62.2 percent the week before and down 8.2 percent for the Same period in 2019. ADR waS $137.96 for the week, decreaSed from $143.83 the week before and up 4.7 percent from two yearS ago. RevPAR waS $84.39 for the week, down from $89.45 the week before and down 3.8 percent from the Same period two yearS ago. None of STR'S top 25 marketS Showed an occupancy increaSe during the period over 2019. Norfolk/Virginia Beach came cloSeSt to itS 2019 comparable, down juSt 0.8 percent to 56.3 percent.

THE U.S. SENATE and HouSe paSSed a $1.5 trillion government-funding package laSt week that includeS Some much-needed relief for the hoSpitality induStry, two aSSociationS Said. However, the Spending bill alSo miSSing Some elementS induStry advocateS have preSSed CongreSS and the adminiStration to paSS. The omnibuS Spending bill paSSed on a 68-31 vote in the Senate and iS now awaiting PreSident Biden'S Signature, according to government focuSed newS agency RollCall. com. At 2,700-pageS, the omnibuS containS all 12 fiScal 2022 Spending billS and haS been in negotiationS for five monthS. The bill includeS the ReStoring Brand USA Act that will provide $250 million in relief funding to the deStination marketing organization that promoteS travel to the U.S. The U.S. Travel ASSociation welcomed that fact in a Statement from Roger Dow, USTA preSident and CEO.