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Global hotel occupancy (excluding the U.S.) continued to strengthen against last year’s Omicron comps. The most recent week’s occupancy (64%) improved modestly over the prior week as the spring holiday season begins. On an annual basis, the recent week’s results increased 14.2 ppt YoY.
The hospitality sector has come a long way in adopting sustainable hotel operations and adopting eco-friendly hotel design and construction techniques will be the sector's next big step toward sustainability. Read on to know more.
New report from GBTA and Spotnana reveals travel manager sentiment on post-pandemic recovery, changing priorities, economic risks, and balancing cost savings and the traveler experience.
Helped by the onset of spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 March.
Colliers Hotels hasrelease the 28th edition of the Canadian Hotel Investment Report. The report provides an in-depth look at 2022 transaction activity and insights on the road to recovery for the Canadian lodging industry. Further, the report provides an outlook for the hotel investment market in 2023.
Sydney WorldPride 2023 drove the market’s hotel average daily rate (ADR) and revenue per available room (RevPAR) above pre-pandemic levels, while occupancy remained slightly below 2019, according to preliminary data from STR.
Almost half of employed adults believe the dream job DOESN’T exist – with flexible working topping the list of most wanted requirements, according to a new study from global hospitality group, Accor.
Each of the three key performance metrics came in significantly higher than the pre-pandemic comparables from 2019: occupancy (+23.4%), ADR (+34.0%) and RevPAR (+65.3%).
The market’s ADR and RevPAR levels surpassed the 2019 comparables, +26.0% and +10.2%, respectively, while occupancy remained lower than the pre-pandemic comparable (-12.5%).
The majority of Indian restaurants now use bio-degradable packaging, cutlery, and straws; however, we need creative thinking to make sustainable packaging more 'sustainable'. Read on to know more.