Marriott projects upbeat RevPAR growth as travel demand stays strong - Marriott forecast two-year annualized global RevPAR growth of 3% to 6% by 2025, as the company expects resilient international travel demand.

Oct 3, 2023 • Hospitality

OTA's continue to grow in Q2 2023 - Platform tourism continues to exceed pre-pandemic levels in Europe, setting new monthly record values.

Oct 2, 2023 • Hospitality

US hotel loan defaults could rise on falling leisure stays, climbing costs - As the surge in travel after the pandemic wears off, demand is shifting away from pricey leisure stays and towards lower-rated group business travel.

Sep 22, 2023 • Hospitality

U.S. hotel performance for August 2023 - Following seasonal patterns, the U.S. hotel industry reported lower performance results from the previous month but improved comparisons year over year.

Sep 20, 2023 • Hospitality

NYC Airbnb listings drop by 77% - The city's powerful hotel sector, which has consistently opposed Airbnb's ascent, stands to gain significantly from this new regulation.

Sep 19, 2023 • Hospitality

Hotel rates in NYC likely to go up - Many Airbnb users with bookings in New York City this Christmas are scrambling to find new accommodations.

Sep 19, 2023 • Hospitality

Price-Sensitive consumers 'trade down' on hotels - There are indications that leisure travelers are starting to cut back on their vacation expenditures due to the surge in hotel rates.

Sep 12, 2023 • Hospitality

Luxury hotels dominate hotel construction pipeline - In the second quarter, the global hotel construction pipeline witnessed a dominant presence of luxury and upscale hotels.

Aug 31, 2023 • Hospitality