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U.S. EXTENDED-STAY HOTEL room revenues increased by $1.1 billion in 2023, similar to 2018 and 2019, though with a lower relative gain due to a larger room base, according to The Highland Group. All three extended-stay segments reported record-high room revenues in 2023, with the upscale segment leading despite previously lagging behind the pandemic recovery. The 6.1 percent increase in extended-stay hotel revenues outpaced the corresponding 5.5 percent gain reported by STR/CoStar for the overall hotel industry, the report said. However, extended-stay hotel supply experienced its smallest annual increase on record in 2023, at just 1.8 percent. Factors such as re-branding, de-flagging of non-compliant hotels, and sales to other sectors influenced supply fluctuations, a trend expected to persist into the first half of 2024, particularly with older extended-stay hotels remaining on the market. The report also highlighted a 6.6 percent increase in economy extended-stay supply, alongside modest gains in mid-price and upscale segments, primarily driven by conversions. New construction in the economy segment is estimated at around 3 percent of rooms open compared to one year ago.

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."

IHG HOTELS & RESORTS reported a 23 percent increase in profit from reportable segments in 2023, surpassing the $1 billion milestone for the first time. The company also noted a 16.1 percent rise in RevPAR, a 5.1 percent increase in ADR, and a 6.4 percentage point uptick in occupancy during the previous year. It anticipates returning more than $1 billion to shareholders through dividends and share buybacks this year, IHG said in a statement. "Travel demand was strong across all markets, with RevPAR up 16 percent from last year and 11 percent ahead of the 2019 pre-pandemic peak," said Elie Maalouf, IHG Hotels & Resorts' chief executive officer. "Combined with the power of our enterprise and efficient operating model, profit from reportable segments grew by 23 percent, exceeding one billion dollars for the first time, and adjusted EPS grew by 33 percent." This marks one of the company's most significant quarters for development activity, IHG said. The company reported full-year revenue of $4.62 billion, marking a nearly 19 percent increase from $3.89 billion in 2022.

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.

PEACHTREE GROUP SECURED $150 million in Commercial Property Assessed Clean Energy financing in December, bringing its total to nearly $750 million since its establishment in 2019. In 2023 alone, Peachtree completed 23 CPACE financing deals in the U.S., totaling $250 million in directly originated and balance-sheet-funded transactions. Commercial real estate is set for a challenging 2024, with trillions of dollars in debt coming due, making refinancing more difficult, Peachtree said in a statement. This challenge is compounded by banks tightening lending standards. "In this challenging lending market, CPACE financing has emerged as a crucial source of liquidity," said Jared Schlosser, senior vice president of origination and head of PACE at Peachtree Group. "This financing option is becoming increasingly essential as owners grapple with looming debt maturities and limited refinancing opportunities."

Speaking about uncertainties, you never know when you might be in need of a fake certificate. During this time all you think is where to buy fake death certificates online or buy fake birth certificate online or you can also look for a website to buy fake passport online - it all depends on your situation and need. During urgencies getting an original document becomes very difficult since you need to follow a lengthy legal process.

Ramadan starts on 5 May and restaurants across London are offering specific Iftar menus for the whole month for people to break their fast this Ramadan. Verdict Foodservice looks at some of the restaurants offering Iftar menus.

Ramadan is the most important time of the year for Muslims. It's a time for reflection and increased devotion. Since Islam is Dubai's official religion, the city transforms during the season, giving visitors a once-in-a-lifetime cultural experience. However, make sure to follow these handy tips during your stay in the emirate.

Since the start of 2019 consumers have seen a number of growing restaurant trends in the UK, with vegan and vegetarian meals being one of the most popular among diners. CBD-infused foods are also seeing an increase in demand in restaurants. The country is ever more aware of the amount of food that is wasted and the effect food and packaging has on the planet, and more people dining at home instead of eating out at restaurants.

How Much Everest trek for 14 days Full board Package 2019/2020 http://www.nepalguideinfo.com/everest-base-camp-trek/

A trip to a restaurant is a popular Father's Day celebration, and this year UK foodservice operators are offering families a wide range of unique dining ideas and special offers. A trip to a restaurant is a popular Father's Day celebration, and this year UK foodservice operators are offering families a wide range of unique dining ideas and special offers.

Best Things To Do in Manal

Mahakaleshwar Temple, located in the ancient city of Ujjain in the state of Madhya Pradesh, continues to be one of the most sacred and outstanding places of pilgrimage for Hindus till date. The abode of Lord Shiva, it is on the banks of the Rudra Sagar Lake and is one of the twelve Jyotirlingas. Even in the modern and hectic lifestyles, the temple continues to provide visitors with an altogether different and unmatched peace of mind and composure.

the Lal Bagh Palace is one of the finest architectural evidence left by the great Holkar dynasty. Located in the modern day Indira Nagar in Indore, the Lal Bagh Palace has evolved into a major local attraction of Indore receiving a huge footfall of tourists visiting this beautiful city.

The Ralamandal Wildlife Sanctuary is located in Indore established in 1989.It is located in the state of Madhya Pradesh and near by Amarkantak. It is one of the oldest sanctuary in Madhya Pradesh having different species of birds and other wildlife. The people came here for doing trekking also and to see the amazing view of the plants like Eucalyptus , Bamboo, Chandan, Teak, Babool, Saja and many more. These are found in limited areas of India. You will get to see many wildlife like rabbits, deer, and different types of birds.

Bora Bora - The vacation destination that dreams are made of. Follow our journey through this island paradise.

The Patalpani Waterfall is located in the Mhow Tehsil of Indore district and is a popular picnic spot for the locals of the area. Surrounded by dense forest covers, majestic hills, clear skies and lush green landscapes Patalpani is perfect for anyone looking for a time out from their mundane schedules. The falls are at a height of 300 feet and produce roaring streams of white when the water flow is at its full capacit

Tincha Fall is Located in the heart of Madhya Pradesh, Indore. Tincha WaterFall is one of the most popular waterfall as well as a picnic spot for tourists as well as locals. Deriving its name from the nearby Tincha village, this natural beauty has been formed due to the gushing streams of milky white water falling from a height of about 300 feet surrounded by lush greenery to provide tranquil yet adventurous ambiance. Apart from being a marvelous cascade Tincha Fall in Indore is also a gorgeous valley and an astonishing canyon.

Janapav, or Janapav Kuti, is the best place for lovers of nature and trekkers alike. If you're looking to pass through twisty bends in Central Indian forests while peacefully gazing over distant hills and the maroon sunset, then this hill station should be your destination. Located on the Mumbai-Indore highway and in the Mhow Tehsil of Indore district, Janapav experiences footsteps from all areas of the country throughout the year, especially during monsoons.

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