Hospitality Trends
As a Hotel HR Director and Human Resources Consultant, I’ve had countless conversations with operational leaders about compliance with employment law. Let me be clear: It doesn’t matter if you agree with the law or like the law & the law is the law.
Despite inflationary pressures, Europe's travel sector demonstrated a strong performance in Q3 2024, exceeding pre&pandemic figures, with a 7% yearly increase in foreign arrivals and 5% in overnight stays
Travel costs continue to rise, leading to a decline in overall interest in travel. Travelers are shifting their destinations, favoring European and Northern locations over others.
The report indicates industry optimism, with 90% of planners feeling optimistic about the current state of the events industry and over half expecting a rise in in&person meetings.
LE forecasts an additional 135 new hotels with 26,848 rooms to open for the remainder of the year.
The U.S. hotel industry saw an uptick in Occupancy, Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) for the week ending November 2nd, 2024.
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