Cendyn's World Tour Kicks off in New York
Hotel tech companies join forces for a globetrotting adventure of innovation, connection, and industry transformation
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The Modern Traveller
Understanding Modern Travel Trends: Latest AnalyticsIQ Research
To better understand the current state of the travel industry and latest travel trends, AnalyticsIQ's Cognitive Sciences team lead a comprehensive study to better gauge how people are traveling and the modern travel-related behaviors we can expect to see. This article will delve into the key findings in their latest research report - Understanding Modern Travel Trends - and highlight the most important 'need-to-knows' for both travel brands and marketers alike.
Overtourism
Amsterdam Bans Construction of New Hotels As a Way to Fight Overtourism - CNN
A new hotel in Amsterdam can only be built if another hotel closes, if the number of sleeping places doesn't increase, and if the new hotel will be better - for example, more sustainable.
Hotel Loyalty Programs
Hyatt Adds More Than 700 Boutique and Luxury Hotels and Villas from Mr & Mrs Smith to Loyalty Program
Hyatt Hotels Corporation (NYSE: H) announced that World of Hyatt is offering members new access to earn and redeem at a collection of more than 700 boutique and luxury hotels and villas around the globe with Mr & Mrs Smith, the luxury travel platform Hyatt acquired in 2023, now available for booking today.
Group Booking Technology
Industry Blog
9 Types of Tripleseat Integrations to Take Your Hotel Sales and Catering to the Next Level - By Elizabeth Smith
Having the right software integrations with your sales and catering platform like Tripleseat for Hotels can significantly enhance productivity and streamline operations. Here, we discuss the top software integrations that every hotel should consider to ensure that their teams can perform more work in less time, thus enhancing both guest satisfaction and operational effectiveness.
Hotel Loyalty Programs
Asia Pacific Gen-Zs and Millenials Seek to Unlock Value and Maximize Travel Experience With One Loyalty Program
Regional survey by Marriott Bonvoy uncovers key traits of travel-oriented, value-driven Gen-Zs and Millennials
Hotel Transaction Australia
Blue Mountain's Leura Gardens Resort in Australia Sold for the Second Time in 12 Months at a 25% Premium
The Elanor Hotel Accommodation Fund, managed by Elanor Investors Group, has sold the Leura Gardens Resort just under 12 months after acquisition.
Hotel Construction Pipeline U.S.
U.S. Hotel Construction Pipeline Kicks off Q1 2024 with Growth and Record-Highs
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
Management Appointment Red Roof
Zack Gharib Named President for Red Roof
Promotes Red Roof Executive Fouad Malouf to the Newly Created Position of Chief Operating Officer
Hotel Development Egypt
Nobu Hotel and Restaurant East Cairo Announced
The signing marks Nobu's third venture in Egypt, following the unveiling of Nobu Hotel, Restaurant, and Residences in both West Cairo and North Coast Egypt last summer.
Artificial Intelligence
Influencers on X See Meta's Llama 3 As Game-changer in AI Accessibility and Performance
Llama 3, the AI model introduced by the US-based social media company Meta Platforms Inc. (Meta), has sparked a wave of reactions from technology and AI influencers. Influencers on the 'X' platform are buzzing with excitement over Llama 3's launch, viewing it as a transformative step towards democratizing AI, which led to a sharp rise in discussions around 'Llama 3' during the third week of April, reveals Social Media Analytics Platform of GlobalData.
Global Hotel Industry Performance
Fewer Global Hotel Markets Recording RevPAR Growth, Japan Being the Big Exception
STR's global 'bubble chart' update for the four weeks ending 6 April 2024 shows 60% of markets with year-over-year growth in revenue per available room (RevPAR). That volume was noticeably less than the 77% of markets with growth in our last update, showing more of the world has reached a normalization period.
Technology Leadership
Industry Blog
From Wall Street and Silicon Valley to Hospitality Leader: Exclusive Interview and Insights from DerbySoft Co-Founder Feng Ou - By Alan Young
Steve Jobs once said, 'The mark of an innovative company is not only that it comes up with new ideas first, but also that it knows how to leapfrog when it finds itself behind.' There is, perhaps, no more relevant sentiment to apply to the hospitality industry. I recently had an insightful conversation with Feng Ou. We discussed his experience starting up in Silicon Valley, the evolution of DerbySoft, and potential strategies for hoteliers to keep up with market changes.
Hotel Transaction Wyoming
Prime Investment Properties Negotiates the Sale of the Historic Virginian Hotel, Medicine Bow, WY
Dan Emert, Managing Principal of Prime Investment Properties and member of Hotel Brokers International, developed the marketing strategy and led the negotiations in the transaction. The Virginian Hotel has been acquired by JET Hospitality for an undisclosed price.
TravelBoom Hotel Marketing Podcast
Industry Blog
Hotel Marketing Podcast Episode 256 - Key Takeaways From The 2024 Hotelier Sentiment Study
Hoteliers face an onslaught of challenges every single day. That's why we compiled the 2024 Hotelier Sentiment Study where we uncovered the top concerns of hoteliers just like you. On this episode, we go through the data and discuss the top 4 takeaways.
Meeting Trends
Latin American 2024 Meetings & Events Trends
Meeting professionals in Latin America are shown to have the highest levels of optimism of any region when it comes to the health of the meetings and events industry. In fact, 86% said they would rank themselves as 8 or higher on a scale of 1-10. An impressive number. And 73% expect their meeting spend to increase from 63% in 2023.
HSMAI Commercial Strategy
HSMAI Takes Commercial Strategy to the Next Level with Commercial Effectiveness Organizational Assessment Tool
The Hospitality Sales and Marketing Association International (HSMAI) has announced the launch of the Commercial Effectiveness Organizational Assessment, a tool providing a structured framework for assessing where a hotel organization's commercial structure is strong and where improvements are needed.
Market Report Jacksonville
Industry Blog
HVS Hotel Market Report - THE PLAYERS Championship's Impact on Jacksonville Hotels in 2024 - By Angela Lahti
Hotels in Jacksonville, Florida, experienced a robust March, driven in part by an influx of visitors for the 50th edition of THE PLAYERS Championship at TPC Sawgrass. This surge in demand coincided with the entrance of several new hotels into the market, which affected hotel performance metrics.
Hotel Opening Kyoto
Six Senses Kyoto Hotel Opens in Japan
The hotel's design draws inspiration from the Heian period (794-1185), when Heian-kyo (now Kyoto) was the capital of Japan, considered by many the golden age of art and culture that gave birth to 'Miyabi' (courtly elegance) concept.
Hotels For Sale Mississippi
TownePlace Suites Hattiesburg in Hattiesburg, MS Listed For Sale
Located adjacent to the University of Southern Mississippi, the Hotel benefits from its proximity to neighboring higher education and medical institutions, expansive government/military networks, and the city's primary commercial corridor along Interstate 59 and Hardy Street.
Hotels For Sale Boston
EnVision Hotel Boston-Everett in Everett, MA Listed For Sale
CBRE Hotels, as sole and exclusive agent for the owner, has been retained to offer for sale the boutique, fee-simple, 101-room enVision Hotel Boston-Everett.
Hospitality Group And Business Performance Index
U.S. Group Business Delivers Higher Q1 Performance Year-Over-Year
Larger events and other business segment improvements promote stability
AI Search
Preparing Travel for the Future of AI Search
Predicting the speed and shape of how search marketing will be changed by artificial intelligence is an impossible task. But marketers should take one thing for granted: Search marketing in Google should stay on top of the priority list for the foreseeable future.
Hotels For Sale Australia
The Sands Torquay Resort and Golf Course in Torquay, Australia Listed for Sale
The Sands Torquay, a recently refurbished, four-star resort and golf course, has been listed for sale on behalf of the Receivers and Managers. The sale will include all Freehold land and buildings along with the business with Vacant Possession.
StayAPT Suites Development Update
Six StayAPT Suites Apartment HotelLocations to Break Ground in 2024
StayAPT Suites & Powerhouse Hotels Forge Partnership to Expand Presence with 30 New Locations