Hospitality Industry News
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Loyalty Program Membership, Contribution, Liability, and Costs Continue to Grow & By Rachael Rothman CFA, ISHC, Robert Mandelbaum, and Christine Bang

After analyzing publicly available data from five large hotel companies, we found that while growth in several key metrics slowed in 2023, loyalty members' overall contribution to occupancy increased, though marginal contribution per member contracted.

Mon Nov 4, 2024 20:36
Gbr Consulting Reports Greek Hospitality Industry Performance 3rd Quarter 2024

The latest performance indicators show that the Greek tourism sector is on track for another record year. YTD August 2024/23 data from the Bank of Greece indicates a 10% increase in international arrivals and a 2% rise in international travel receipts.

Mon Nov 4, 2024 20:07
GBTA Sustainability Benchmark Identifies Gaps in Decarbonizing Business Travel, Urges Rapid Corporate Action for Net Zero Targets

The Challenge's findings suggest that while progress is being made, a significant acceleration in climate action is required to convert commitments into real impact.

Mon Nov 4, 2024 19:37
For the week ending October 26th U.S. Hotel Industry Experiences Significant Growth, Boosted by Major Events and Hurricane Recovery Efforts

The U.S. hotel sector enjoyed significant gains, with RevPAR growing by 9.3% year over year, primarily due to equal improvements in occupancy and average daily rate (ADR).

Mon Nov 4, 2024 17:39
Cornell Report: Global Hospitality Leadership: Lessons from Asia Pacific

While managing hotels in Asia has much in common with operations worldwide, the region also has its particular aspects, as explored in this discussion. In a conversation with Cornell University Professor Chekitan Dev, Marriott Asia Pacific president Rajeev (Raj) Menon explains his leadership strategy.

Mon Nov 4, 2024 17:39
European Hotels Showcase Diverse Performance in September 2024

Across Europe, the hospitality industry posted moderate growth in Average Daily Rates (+1.8%), and Revenue per Available Room (+1.2%), despite slight fluctuations in certain segments.

Fri Nov 1, 2024 20:22

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