Hotel News Resource
August, 1 2019
 
 
 
2020 Global Travel Forecast
 
Global Travel Pricing Set to Slow Down in 2020; Flights to Rise 1.2%, Hotels 1.3%
 
After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the global economy is doing well overall - and expected to grow a solid 3.6% in 2020 - a raft of uncertainties are set to put a damper on pricing. Read More
 
Hotel Construction Pipeline U.S.
For the Second Quarter of 2019, the U.S. Hotel Construction Pipeline Continued Its Year-Over-Year Growth Spurt Even As Business Investment Declined for the First Time Since 2016
For the Second Quarter of 2019, the U.S. Hotel Construction Pipeline Continued Its Year-Over-Year Growth Spurt Even as Business Investment Declined for the First Time Since 2016
 
Analysts at Lodging Econometrics (LE) reported for the second quarter of 2019, the total U.S. construction pipeline climbed to 5,653 projects/693,207 rooms, up 6% by projects and 9% by rooms year-over-year (YOY). Pipeline totals are just 230 projects shy of the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008. Read more
 
Market Report U.S.
June Preliminary Estimate of U.S. Monthly GDP Displays Growth Below Potential Trend
 
e-forecasting.com's U.S. monthly-GDP ™, rose in June by an annualized month-to-month growth rate of 1.8% to $19,057 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 2.8% in May. Read more
 
LOS Australia And New Zealand Report
LOS Discounting in ANZ and the Importance of Meaningful Room Comparisons
LOS discounting in ANZ and the importance of meaningful room comparisons
 
What determines how revenue managers set and adjust their prices? It’s a common question with a seemingly obvious answer: many factors. Most of them relate to supply and demand, an important indicator being your competitors’ pricing. But how do you know you’re comparing apples with apples when looking at your competitors’ prices? Read more
 
Hotel Revenue Management
Understanding the 5 Basics of Hotel Revenue Management
Understanding the 5 Basics of Hotel Revenue Management
 
Revenue management discipline was non-existent until a few years ago. Started in 1980s from the airline industry, the techniques are now adopted across industries and businesses are growing exponentially ever since. Read more
 
Hotel Resort Fees
Hotel Lawyer: Nebraska Sues Hilton over Hotel 'Resort Fees'
Hotel Lawyer: Nebraska sues Hilton over hotel 'Resort Fees'
 
Another state Attorney General joins in the Resort Fee litigation – this time suing Hilton Read more
 
Hotel Transaction California
The Citizen Hotel in Sacramento, CA Sold
The Citizen Hotel in Sacramento, CA Sold
 
Cambridge Landmark, a hotel-focused private equity company, recently announced that it has closed on the acquisition of The Citizen Hotel, a renowned 196-room boutique hotel located in Sacramento, CA. The hotel has been part of the Marriott Autograph Collection since 2015, and will retain that designation under its new ownership. Read more
 
Hotel Development Scotland
IHG Invests in Scotland As They Bring InterContinental Hotels & Resorts Back to Edinburgh
InterContinental Edinburgh – The George
 
The hotel was previously sold but the integration of the Principal portfolio provided the opportunity to bring it back in to the IHG brand family. But after significant renovations, InterContinental Edinburgh – The George has re-entered the system, enabling IHG to expand their flagship luxury brand in their home market. Read more
 
Hotel Development Beijing
Hyatt Announces Plans for Bei Zhaolong Hotel in China
Hyatt Announces Plans for Bei Zhaolong Hotel in China
 
The new hotel to mark the Joie de Vivre brand’s entry into Asia Read more
 
The Sharing Economy
How the Sharing Economy Is Taking Over Corporate Travel - G2
 
$401. $456. $548. So it goes for spending an average weeknight in a three-star or higher-rated hotel in downtown San Francisco during the workweek. Read more
 

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In Brief...
 

Hampton By Hilton Development Update
Hilton and Alshaya Group Partner on Master Development Agreement for 70 Hampton by Hilton Hotels

Management Appointment LTD Hospitality Group
Dakshesh Patel Named Director of Investments and Strategy for LTD Hospitality Group

Human Trafficking At Hotels
Hotel Industry Releases Public Service Announcement, Unites Around Nationwide Day of Action to Fight Human Trafficking

Chatham Lodging Trust Results
Chatham Lodging Trust Announces Second Quarter 2019 Results

Hotel Opening Egypt
New Steigenberger Hotel El Lessan Opens in Ras El Bar on the Mediterranean Coast

Hotel Opening Poland
Four Points by Sheraton Warsaw Mokotow Hotel Opens

Comfort Hotels Development Update
Comfort Suites Marysville Columbus - Northwest Opens in Ohio

In-room Wine On Demand
Omni Orlando Resort Offers Guests Plum’s Wine-on-Demand Amenity

 
 
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