UKHospitality Scotland Calls on the Scottish Government to Implement Business Rate Support
With a third of Scottish hospitality business owners concerned about survival this winter, UKHospitality Scotland has called upon the Scottish Government to allocate support on business rates quickly, making the difference between survival or closure for hospitality venues across Scotland.
US Hotel Occupancy for Thanksgiving Mirrors 2019 Volumes
Amadeus, a global leader in travel technology, is seeing a positive trend in US hotel bookings for the Thanksgiving holiday as U.S. occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 (pre-pandemic) levels.
Fragile Global Economy Clamps Down on Hotel Performance
HotStats’ August performance data showed that both revenue and profit were following a normal, typical summer seasonal pattern, but unrestrained inflation, higher interest rates and foundering financial markets augur a potential global recession that could derail the ongoing hotel comeback.
According to a new member survey conducted by the American Hotel & Lodging Association (AHLA), 87% of survey respondents indicated they are experiencing a staffing shortage, 36% severely so. The most critical staffing need is housekeeping, with 43% ranking it as their biggest challenge.
IHG Owners Association Launches Healthcare Program for IHG Franchised Hotels
The IHG Owners Association has announced a new member benefit, the IHG Owners Association Healthcare Program, which offers nationwide healthcare coverage and benefits options to employees of U.S. Association members.
Recent second-quarter earnings reports from the major lodging companies points to a sustained recovery within the global hotel industry. They reported significantly improved results over the first quarter of 2022, with many profitability metrics outpacing those in 2019.
IHG's Interim Results for the Year to 30 June 2022
IHG's half-year results indicated continued progress toward recovery and growth. Globally, RevPAR is up 51% compared to last year while 96 properties were opened and another 210 were added to the pipeline.
Macro-Level Obstacles Little Match for Global Hotel Industry
The global hotel industry is producing strong performance numbers all against a climate of financial unease. It’s an incongruity that hoteliers hope sustains. For now, consumers are still, it appears, willing to put them aside in order to travel.
Tourism Economics Projects U.S. Likely Avoids Recession
Tourism Economics President Adam Sacks believes the travel recovery from the depths of the COVID-19 pandemic has been nothing short of remarkable. But with gas prices reaching historic highs around the world, could that chill travel sentiment for what was expected to be a white-hot summer travel season?
The nation’s largest event exclusively for hotel owners, the 2023 AAHOA Convention & Trade Show brings together the who’s who of the hotelier's industry for networking, learning and connecting on the trade show floor.
Join Skift as they gathers leaders from across hospitality for this two-day, in-person forum to discuss the future of accommodations, how consumers behavior is creating change across the industry, and the convergence of hotels and short-term rentals.