Marriott shares near-term outlook, long-term optimism - The company predicts global RevPAR for full-year 2024 to be up in year-on-year terms by 14% and internationally by 31% or 32%.

Nov 16, 2023 • Hospitality

PwC tempers U.S. hotel forecast as demand slows - The company softened its projections for U.S. hotel occupancy in 2023 and 2024 amid economic concerns and an uncertain outlook for corporate travel.

Nov 14, 2023 • Hospitality

U.S. hotel profitability reflects gains in corporate demand and groups - A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand.

Nov 9, 2023 • Hospitality

Fall brings group, business travel back - Group business is back, business-transient demand is boosting hotel average daily rates and U.S. cities are enjoying their comeback.

Nov 6, 2023 • Hospitality

New York is too expensive to even visit - The city has cracked down on hotel construction and short-term rentals, with predictable results.

Nov 3, 2023 • Hospitality

Marriott's Q3 profit rises on higher room rates, group travel - Demand in Q4 may not be enough to offset higher expenses due to higher staffing levels and lower non-room revenues.

Nov 3, 2023 • Hospitality

Investors targeting Italy's hotel market - Italian hotel industry is still highly independent and non-brand-affiliated, but now the market is turning to a new chapter.

Oct 26, 2023 • Hospitality

Hilton raises annual profit outlook on strong travel demand - The hotel operator said its third-quarter revenue per available room rose 6.8% from a year earlier.

Oct 25, 2023 • Hospitality