Top trends driving hotel companies' Q3 results - In the third quarter, companies saw RevPAR growth driven by group business and strong conversion demand.
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Asian hotels adapt to changing Chinese travel patterns - China remains a pivotal factor in the Asia-Pacific region, capable of shifting in many directions and influencing future travel trends.
Oct 29, 2024 • Hospitality
IHG sees growing business demand after solid Q3 - The company reported a 2% year-over-year increase in systemwide business transient room nights, with demand expected to continue to grow through 2025.
Oct 25, 2024 • Hospitality
No waning in leisure travel demand - Wyndham Hotels is seeing resilient demand for leisure and business travel despite economic uncertainty - even at the budget end of the market.
Oct 25, 2024 • Hospitality
Hilton forecasts growth in corporate transient demand through 2025 - In the third quarter, business transient revenue per available room grew 2% year-over-year, and Hilton expects similar growth through 2025.
Oct 24, 2024 • Hospitality
Global hotel rate increases expected to slow in 2025, according to Amex GBT - With prices set to moderate – at least, compared to the steep rises we’ve seen since 2022 – has global hospitality reached a turning point?.
Oct 23, 2024 • Hospitality
US hotels report mixed performance in September - Among the top 25 markets, New York City experienced the highest occupancy level (87.0%), driven by the United Nations General Assembly, Fashion Week, and the U.S. Open.
Oct 22, 2024 • Hospitality
The cost of payments in the travel industry - Payments remain a significant cost driver in the travel industry, with credit card fees averaging 2-3.9% globally.
Oct 17, 2024 • Hospitality
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