Led by millennials, some 88 million Americans plan to take family vacations this year. According to the latest research from AAA Travel, 44 percent of millennials are planning a family getaway, more than members of Generation X (39 percent) or baby boomers (32 percent).
The 14-story hotel, which will operate under Curio Collection by Hilton in an agreement unveiled at MIPIM, includes a 22.5 million investment led by Yvon Gérard and a consortium of investors.
Airfare prices are slowly climbing in markets with the strongest demand, according to BCD Travels midyear update to the 2018 Industry Forecast. Meanwhile, the outlook for global hotel rates in 2018 remains unchanged with a 2-4% increase predicted over last year.
In 2016, the average hotel in the Trends sample spent a total of $76.03 PAR in training costs in the five subject departments. This equates to just 0.29 percent of the total spent on labor costs during the year, and 0.20 percent of total department expenses. Clearly, training is a very minor department expense.