Group items tagged

REFLECTING THE NORMAL ebb and flow of spring break season, U.S. hotel performance has decreased in the fourth week of March from the week before, according to STR. Chicago and Phoenix saw rises in occupancy. Occupancy was 64.9 percent for the week ending March 25, down from 67.6 percent the week before and 0.6 percent down than the comparable week in 2002 and 6.3 percent down the comparable week in 2019. ADR was $158.61, down from $167.04 the week before, up 4.7 percent from last year and up 19.5 percent from 2019. RevPAR stood at $102.98 in the last week, down from $112.89 the week before and increased 4.1 percent and 12 percent against the same month in 2022 and 2019. Among the top 25 markets, Chicago saw the highest year-over-year increase in occupancy in the fourth week of the month, up 12.2 percent to 63.4 percent, while Phoenix witnessed the only occupancy lift over 2019, up 3.1 percent to 81.5 percent. Washington, D.C., reported the most substantial ADR, up 20.9 percent to $194.18, while RevPAR increased 33.4 percent to $139.83 year-over-year. Las Vegas reported the highest growths in the measuring of ADR, up 42.7 percent to $187.21, and RevPAR, which increased 31.5 percent to $148.86 percent, against 2019.

GOPPAR FOR U.S. hotels in February exceeded the levels of the pre-pandemic comparable time period and was the highest since October 2022, according to STR's February 2023 Profit & Loss data. EBITDA was the only key bottom-line metric on a per-available-room basis to come in lower than February 2019, STR said in a statement. GOPPAR reached $77.37 for the month, up 1.6 percent over the same month in 2019, TRevPAR stood at $217.20, up 3.7 percent, and EBITDA PAR was $51.63, down 0.6 percent against February 2019. Labor costs were $73.70, a 2.9 percent increase. "The profit-and-loss metrics followed typical industry trends, improving from the prior month," said Raquel Ortiz, STR's director of financial performance. "Both GOPPAR and GOP margins were the highest since last fall, while profit margins came in just one percentage point below 2019. Profit margins for limited-service hotels are further behind in recovery than full service, likely due to increasing labor costs that bear heavier weight on the bottom line." "An increase in top-line group demand is beginning to show in the bottom line, as catering and banquet revenues are inching closer to 2019 levels and meeting space rentals and services charges surpassed that threshold. On a per-operating-room basis, nearly all F&B revenues outpaced the pre-pandemic comparables," Ortiz added. Of the major markets, 10 realized both GOPPAR and TRevPAR levels higher than the 2019 comparables, the statement said. "February was a slower month for markets that are more dependent on groups and conventions, such as Atlanta, San Francisco and Minneapolis," Ortiz further said. "Warmer markets have remained at the top, with Phoenix showing the highest TRevPAR recovery and second highest GOPPAR recovery for the month, helped by peak season and Super Bowl LVII."

U.S. HOTEL REVPAR is expected to grow steadily in 2024, driven by improving group business, inbound international travel, and traditional transient business demand, according to CBRE. This follows a strong performance in 2023 that muted the new forecast in some areas. The research firm forecasted a 3 percent increase in RevPAR growth in 2024, with occupancy improving by 45 basis points and ADR increasing by 2.3 percent. It indicates ongoing recovery of the lodging industry, with RevPAR in 2024 expected to surpass 2019 levels by 13.2 percent, CBRE Hotels said in a statement. CBRE's baseline forecast expects 1.6 percent GDP growth and 2.5 percent average inflation in 2024. Given the strong correlation between GDP and RevPAR growth, the economy's strength will directly impact the lodging industry's performance, the statement said. "We expect RevPAR growth to be slower in the first quarter due to last year's strong performance, but to reach its peak in the third quarter driven by the influx of inbound international travelers during the busy summer season," said Rachael Rothman, CBRE's head of hotel research and data analytics. "Urban and airport locations should particularly benefit from group and inbound international travel, as well as the normalization of leisure travel."

HomeTowne Studios Yuba City and Red Roof Inn Yuba City are now opened in Northern California's Yuba City. The properties are owned by Surendra and Hema Patel of Greenleaf Hospitality from the San Francisco Bay area, Red Roof said in a statement. The HomeTowne Studios offers 76 extended-stay rooms, while the adjacent Red Roof Inn features 43 rooms, according to Red Roof. "The dual-branded HomeTowne Studios and Red Roof Inn Yuba City are important pieces in Red Roof's strategy to expand its presence on the West Coast," said Matthew Hostetler, Red Roof's chief development officer. "Surendra and Hema Patel have been leaders in the California hospitality industry for three decades, and we're confident this partnership, along with these newly renovated properties, will propel the brand forward in the region." The property is near Sutter Buttes, Toyota Amphitheatre, Bonanza Convention Center, Beale Air Force Base, Rideout Memorial Hospital, and Thunder Valley Casino. Additionally, Yuba County Airport, Auburn Municipal Airport, and Sacramento International Airport are also nearby. Amenities include a fitness facility, an outdoor hot tub and a seasonal pool.

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.

Get the special discount offer for travel cruise in Washington from San Juan Cruises. Avail upto 10% off on our cruise travels in Washington. Offer valid for whale watching adventure cruise, beer & wine tasting cruise, Sucia Island Picnic Cruise & Chuckanut Cracked Crab Dinner Cruise

Get the special discount offer for travel cruise in Washington from San Juan Cruises. Avail upto 10% off on our cruise travels in Washington. Offer valid for whale watching adventure cruise, beer & wine tasting cruise, Sucia Island Picnic Cruise & Chuckanut Cracked Crab Dinner Cruise

Enjoy your Whale watching picnic cruise in San Juan Islands with delicious sea foods and drinks

Enjoy your Whale watching picnic cruise in San Juan Islands with delicious sea foods and drinks

IVROSSA 4 Seasons a luxury 3 star Hotel & Resort offer guests an extraordinary calm and beautiful meticulously infrastructure for Wedding ,Family reunions ,Corporate parties with open stadium with cricket pitch and also many more. With fine multi cuisine and excellent accommodation, the Resort has become the preferred escape zone from Bangalore's concrete jungle

Choosing holiday destination is a tough to decide. New Orleans is one of top destination in United States famous for top attractions, museums, restaurants. Save up to 75% while staying at cheap hotels in New Orleans.

The "Manaslu via Tsum valley" trek is also known as the hidden valley trekking a land of living Museum with mainly Gurungs and Tibetan inhabitants. Tsum Valley is on the Northern parts Gorkha District of Manaslu Himalayan regions used to be a control area until 2008. "The Manaslu" via "Tsum Valley" trekking offers an enjoyable trip thorough Manaslu area to the beautiful Tsum valley. Deceitful under the delightful views of Ganesh Himal and Sringi Himal, amazing Tibetan cultural traditional local villages within Nepal, The Buddhism influences Manaslu and Tsum valley region. Tsum Valley is still less tourist trails Tsum valley is new trekking route in the Nepal Himalayan region. Tsum Valley is one of the famous for (Local Houses) Home stay trek to Tsumba Group of people, one of the Minority ethnic Groups of Nepal Himalayan regions.

10 - Days Tsum valley Short Trek is a situated in northern part of Gorkha district in Nepal Himalayan region. Tsum valley Home stay trek is rich in ancient cultural and religion. Tsum valley trek 10 days is world's remote Himalaya valley in Nepal which was also a restricted region till 2008. Trek to tsum valley takes you into the magnificent surrounding view of the mountain Likes: sringi Himal, Ganesh Himal and Buddha Himal etc. The local people are mainly of Tibetan origin and speak owner language; the trails are scrappily speckled with artistic stone and lined with mani walls build of thousands of stone slabs.

9 - Nights 10 Days Annapurna circuit Short and Solo Trek is one of the popular and typical trek routes on the Annapurna Himalayan region. Which will let you have a gigantic experience of a trek in the Annapurna area of Nepal, takes you wide range of incredible White Mountains views of Annapurna ranges, Manaslu ranges, Dhaulagiri range and many more, etc.

This valley is known for the natural environment, seasonal flowers as well as flora & fauna.

APPROXIMATELY 51 PERCENT of hospitality industry professionals participating in STR's Hospitality Industry Sentiment survey expressed optimism about their business confidence over the next two years. Respondents rated their confidence at "8" or higher on a 10-point scale. Analyzing the results over the survey's first year reveals a gradual, consistent decline in confidence ratings for each time span. Meanwhile, global recession fears have diminished since the last survey, STR said. Among various industry challenges, "concerns regarding a potential recession" saw the most significant drop between the last two surveys, ranking third behind labor costs and supply issues. Energy and utility costs are slightly increasing, while supply chain challenges and group demand issues are gradually diminishing. Regarding hotel performance, outlined trends influence demand forecasting expectations, the survey said. The percentage of respondents anticipating "strong improvement" or "some improvement" is gradually declining across all three hotel demand segments. A majority of experts still foresee growth in both business transient and group demand.