U.S. hotel occupancy, ADR and RevPAR rose year over year for the week ended Oct. 17, despite mixed weekly results. Detroit led the top 25 markets in occupancy and RevPAR gains.
@CoStarGroup
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#USHotels #HotelMetrics
High-cost trips rise over budget travel
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#Squaremouth #TravelTrends #VacationSpending #TravelInsurance #ConsumerBehavior #Tourism #TravelIndustry #HolidayPlanning
Holiday Inn planned for Chhattisgarh
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#IHGHotels #SudeepJain #HolidayInn
LTHL plans Keys Lite in Rajasthan
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#LemonTreeHotels #KeysLite #HotelDevelopment #HospitalityIndustry #Bhilwara #Rajasthan #CarnationHotels #TravelNews
Vijaykumar Patel to develop Studio 6 Plus in IL
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#Studio6Plus #MarshallIL #HotelDevelopment #HospitalityNews #ExtendedStay #G6Hospitality #RealEstateDevelopment
RHG to train 3,000 youth for hotel jobs
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#RadissonHotelGroup #HospitalityCareers #SkillDevelopment #RAHI #HotelIndustry
Independent hotels face nearly twice the short-term rental competition of large hotels. Booking platforms listing both options make it easier for travelers to compare prices and accommodations.
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#IndependentHotels
NEWH awarding $57,500 in scholarships
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#JungleHomeResort #SustainableTravel #EmergingDestinations #ForestResort #HospitalityInnovation
“The focus is shifting from adding rooms to developing hotels that meet changing traveler needs and deliver long-term value," said Anshuman Magazine, CBRE chairman and CEO for India, South-East Asia, Middle East and Africa.
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#HotelDevelopment
“Our investment in Kalamazoo reflects our confidence in the strength of this community and its continued economic potential,” Malik said.
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#KalamazooInvestment #CommunityStrength #EconomicPotential #BusinessGrowth #StrategicInvestment
The Trump administration has revoked more than 300,000 U.S. visas, raising concerns for hotels facing labor shortages and rising costs. The impact on hospitality workers, including Indian nationals, remains unclear.
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#HospitalityIndustry
“Loyalty is personal, and every Point a member earns represents a choice they made to stay with us,” said Brad Anderson, Hilton Honors Program’s vice president.
#LoyaltyProgram
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“Crescent reflects our vision of creating integrated destinations where commercial infrastructure and branded hospitality complement each other to deliver long-term value,” said Akshay Taneja, TDI managing director.
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#IntegratedDestinations
“Margins are tighter than they’ve been in years, and guests compare dozens of options before they book, so a wrong price costs real money, fast,” said Chas Scarantino, RoomPriceGenie CEO.
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“Uttarakhand continues to emerge as one of north India’s most compelling tourism and hospitality markets, driven by pilgrimage, leisure, and wellness demand,” said Anil Chadha, ITC Hotels managing director.
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#UttarakhandTourism
“Nasdaq is closely aligned with our growth ambitions and we look forward to joining a marketplace that is highly respected as the home of many of the world’s most innovative companies,” said Chris Nassetta, @HiltonHotels president and CEO.
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North American lodging companies have raised RevPAR and EBITDA forecasts, while Las Vegas hotels face weaker demand. Fitch Ratings expects most companies to remain within credit rating limits, despite temporary pressure on Wynn Resorts.
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RevPAR growth accelerated in the third quarter 5.3 percent plus as IHG’s breadth by geography, brands and stay occasions captured increasing guest demand around the world,” said Elie Maalouf, IHG’s chief executive officer.
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#RevPAR
PRISM, OYO’s parent company, cut its planned IPO fresh issue to $354.65 million from $702.22 million. The company has delayed its listing several times since first filing in 2021.
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#IPO #InvestmentNews #AsianHospitality
“This consistent performance is a testament to IHCL’s scalable and diversified operating model, which enables robust growth while preserving margin strength,” said Puneet Chhatwal, IHCL managing director and CEO.
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#IHCL #AsianHospitality
