International Visitors Spent Nearly $20.1 Billion Traveling Within the United States in March
National Travel and Tourism Office (NTTO) | May 23rd, 2024
CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16th, 2024
Hilton Appoints Jerry Huang as President of Development in Greater China & Mongolia
Hilton | September 5, 2018
SHANGHAI, Sept. 5, 2018 -- Hilton (NYSE: HLT) today announced the appointment of Jerry Huang as president of development in Greater China and Mongolia. Effective September 10, 2018, Huang will oversee the team responsible for the overall development strategy for China. "Jerry's experience within the vast China hospitality market is nearly unparalleled," said Matt Fry, senior vice president, development for Asia Pacific. "Having someone of his calibre join our team will allow us to build on the success we have had in this very important market." Hilton today has more than 500 hotels open and under development in G...
Industry Execs Talk International Travel With President Trump, Senior Aides
U.S. Travel Association | September 5, 2018
WASHINGTON (September 5, 2018)—The U.S. Travel Association, joined by CEOs of 13 member companies, met Tuesday at the White House with the president of the United States and senior administration officials. The president and industry leaders discussed travel's essential contributions to the U.S. economy and job creation, and the importance of international inbound travel to trade deficit reduction. "Our discussion with the president was simple: a strong flow of international business and leisure travelers into the U.S. reduces the trade deficit and creates an outsize number of American jobs," said Roger Dow, presiden...
PolyU School of Hotel and Tourism Management to Collaborate with China Outbound Tourism Research Institute in Education and Research
September 4, 2018
The School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU) and China Outbound Tourism Research Institute Ltd. (COTRI) have signed a Memorandum of Understanding (MOU) today (4 September 2018) to promote collaboration in tourism education and research. COTRI is a research institute headquartered in Hamburg, Germany, which provides support for strategic and sustainable developments of varied segments of the Chinese outbound market. Established in 2004, it offers organisations and institutions with customised services in research and consulting, quantitative and qualitative data and analysis, training ...
Middle East Hotel Construction Pipeline Continues Rapid Expansion With Highest Counts in Over a Decade
Lodging Econometrics | August 31, 2018
In the recent Middle East hotel construction pipeline report by analysts at Lodging Econometrics (LE), the region continues to show rapid pipeline expansion in the second quarter of 2018 with the highest counts since 2007 when LE first began recording. The total pipeline stands at 603 projects/175,288 rooms, an all-time high. These numbers show a lofty 119% increase in projects and 125% increase in rooms since the region's low in the fourth quarter of 2013 when the total pipeline bottomed at 275 projects/77,772 rooms. Projects presently under construction are at 355 projects/113,635 rooms and are at an all-time high. Projects scheduled ...
Don’t Pluck the Goose That Lays the Golden Eggs!
Georges Panayotis | August 30, 2018
By Georges Panayotis France's tourism performances are mostly positive, and so much the better! After many lean months, tourism and hotel professionals are back to smiling. Driven by ever-increasing international demand, tourist arrivals are on the rise and remain strong. Let's ride the wave and acquire market shares. Because while France has a long tradition of hospitality with an attractive cultural and geographical heritage, many destinations have followed in the same path. European performances are also positive and France is not alone in boasting results that are more than encouraging. Our sector has become prosperous again...
Hotel Construction Pipeline in Europe Shows Double-Digit Growth
Lodging Econometrics | August 29, 2018
Lodging Econometrics' (LE) analysts report another year of accelerating growth for Europe's hotel construction pipeline which is at the highest level since LE began recording in 2007. The total pipeline stands at 1,388 projects/219,251 rooms for the second quarter of 2018. It is an impressive 18% increase year-over-year (YOY). There are 693 projects/112,580 rooms currently under construction, 403 projects/62,538 rooms planning to start construction in the next 12 months, and 292 projects/44,133 rooms in the early planning stage. Projects currently under construction and those in early planning are also at their highest since 200...
Illinois Hotel & Lodging Association Names Michael Jacobson President and Chief Executive Officer
Illinois Hotel & Lodging Association | August 27, 2018
Today, the Illinois Hotel & Lodging Association (IHLA) announced the appointment of Michael Jacobson as incoming President and Chief Executive Officer. Mr. Jacobson, who most recently served as the Senior Director of Industry Relations and Political Engagement of the U.S. Travel Association (USTA), joins the IHLA effective October 1, 2018. He will replace long admired industry veteran Marc Gordon, who announced his December 2018 retirement earlier this year after a successful, 21-year tenure as the association's President and CEO. "This has been an exhaustive search, and we are thrilled with the outcome," said Tom Robertson, IHLA Ch...
Canadian Lodging Outlook Quarterly 2018-Q2
HVS Canada | August 27, 2018
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further Information, please contact: info@str.com or +1 (615) 824-8664 ext. 3504. ...
Budgeting for 2019? Follow the Supply and the Economy
CBRE Group, Inc. | August 22, 2018
Atlanta – August 22, 2018 – New hotel rooms coming onto the U.S. market shouldn't be a concern for established hotel operators because demand will continue to exceed moderating new-supply levels through 2019, according to CBRE Hotels' Americas Research's recently released September 2018 Hotel Horizons® forecast report. CBRE Hotels Research forecasts that supply will peak at a 2.0 percent gain in 2018 and then stabilize at the long-run average of 1.9 percent for the next two years. Further, the number of projects entering all phases of the development pipeline is declining. "On a broad national basis, the supply increases...
HVS Market Pulse: Greater Phoenix, AZ
Michael Smithson | August 21, 2018
By Michael Smithson Following several years of strong RevPAR growth leading up to Super Bowl XLIX in 2015, growth in the Phoenix market has slowed somewhat. ADR growth was modest in 2016, as much of the market experienced a post-Super Bowl correction, but ADR rebounded in 2017. Occupancy growth has remained relatively modest since 2016, slowing even more in 2017 but remaining positive. Year-to-date data through May 2018 illustrate modest increases in both occupancy and ADR, resulting in moderate RevPAR gains. Phoenix Market Performance Source: STR The introduction of new supply has contributed to slowing RevPAR growth over the past cou...
Contract and Non-Management Employee Payrolls Rise in 2017
Robert Mandelbaum | August 20, 2018
By Robert Mandelbaum As the pace of revenue growth continues to decelerate for U.S. hotels, the capability of hotel operators to control costs will determine the ability of a property to increase profits from year to year. According to the 2018 edition of Trends® in the Hotel Industry, total operating revenue increased by just 2.0 percent in 2017 for the average hotel in the survey sample. Fortunately, by limiting the growth in operating expenses to 1.9 percent, managers at the Trends® properties realized an increase in gross operating profits (GOP) for the year. Unlike 2016, it was non-labor related costs that were the primary ...
Yield Management: Offensive and Defensive Strategy
Anne R. Lloyd-Jones | August 20, 2018
By Anne R. Lloyd-Jones Many markets in the U.S. have experienced substantial increases in inventory, with some recording year-over-year supply increases of 5.0% or more. Thus far, occupancy levels have generally remained strong, as most markets have seen demand growth keep pace with supply. The same cannot be said for average rates. The first signs of market saturation are often found in the average rate trends. Why? The short answer to this question is yield management. Yield management is the practice of adjusting the price and availability of inventory in response to changing market conditions, including consumer preferences and dem...
Dual-Brand Hotel Market Overview
J. Carter Allen | August 17, 2018
By J. Carter Allen This article focuses on specific market analysis and data applicable to the development and operation of dual-branded hotels. Much has been written about the dual-brand concept over the last several years, particularly related to the asset type's benefits and challenges. Instead of providing another such piece that rephrases the same concepts in different ways, this article will focus on data collected from our work with dual-branded hotels over the last several years. While a review of the history of dual-branded hotels and some basic concepts are necessary, this article will hope to provide new data and prove, or di...
Dorothy Dowling Honored as 2018 GBTA Allied Member of the Year
August 16, 2018
Senior Vice President and Chief Marketing Officer of Best Western® Hotels & Resorts Earns Prestigious Recognition for Valued Stewardship in Business Travel PHOENIX (August 16, 2018) – Dorothy Dowling, Senior Vice President and Chief Marketing Officer for Best Western Hotels & Resorts has been named the 2018 Allied Member of the Year by the Global Business Travel Association (GBTA) – the world's largest professional association and a leading source of business travel knowledge. This prestigious award recognizes a GBTA Allied (travel supplier) Member who has contributed to the continued growth and knowledge of the ...
U.S. Travel Honors Tourism Marketers at ESTO
the U.S. Travel Association | August 16, 2018
PHOENIX (August 16, 2018)—The U.S. Travel Association announced the recipients of the 2018 Mercury and Destiny Awards and the State Tourism Director of the Year at its 35th annual ESTO conference (the Educational Seminar for Tourism Organizations), held here August 11-14. Twenty-six U.S. Travel member organizations were honored for excellence and creative accomplishments in destination marketing and inspiring the continued development of imaginative promotional programs. Mercury and Destiny Awards A full list of the Mercury and Destiny Award recipients is available online. The Destiny Awards recognize excellence in destination mar...
One Year Later: The Rebound of the Caribbean Following the 2017 Hurricane Season
Kristina M. D'Amico | August 16, 2018
By Kristina M. D'Amico It has been one year since the most dynamic, active, and destructive hurricane period hit the Caribbean in decades. Despite the devastating effect to the region, the resiliency of the Caribbean hotel market has been demonstrated particularly well over the last year, spurred by a strong recovery effort and bolstered by an influx of new airlift to the region. Strong Recovery Effort Of the 32 Caribbean island nations, just seven were significantly affected (three quite severely) by the 2017 hurricane season. Significant progress has been made on each of these seven major islands, as follows: Source: HVS Researc...
GBTA Forecasts Seven Percent Growth in Global Business Travel Spend, Potentially Signifying End to Era of Uncertainty
the Global Business Travel Association | August 15, 2018
Rising Protectionism Threatens to Derail Business Travel Spending Breakout ALEXANDRIA, Va.—August 15, 2018--Global business travel spending reached $1.33 trillion in 2017, advancing 5.8 percent over 2016 levels, according to the GBTA BTI™ Outlook – Annual Global Report & Forecast, a new report released today at GBTA Convention 2018 by the Global Business Travel Association. Spending is forecast to advance another 7.1 percent in 2018 and will expand to $1.7 trillion by 2022. "This pick-up in growth could signify an end to the 'Era of Uncertainty' in global business travel, but rising protectionism is coming at prec...
HVS Market Pulse: Bangkok, Thailand
Pawinee Chaisiriroj | August 15, 2018
By Pawinee Chaisiriroj and Paola Orneli Bock Bangkok, located in the central region of Thailand, is the county's political and commercial centre and has been the official capital city since 1782. Bangkok is also the main gateway city to Thailand and serves as an aviation hub for the region. The city attracts international and regional markets through a combination of cultural charm and modern shopping centres, appealing to a wide range of travellers. The following article gives a brief overview of Bangkok, its different sub-markets, its tourism industry, and the recent dynamics of the local lodging market. Bangkok Overview Bangkok compr...
The Key to Hotel Operations Technology Lies in Single Guest Profiles
Kevin King | August 14, 2018
By Kevin King At the recent, CHAT 2018 (China Hotel and Tourism Forum) in Shanghai, Kevin King, COO of Shiji, was invited to deliver a keynote speech on "Hotel Operation Technology". As one of the largest hospitality conferences in China, CHAT aims to explore new ideas for hospitality industry future development with trade professionals. The conference, hosted by Horwath HTL and the China Tourist Hotel Association, was held at the W Shanghai. As the leader of hospitality total solution, Shiji was invited to participate in the forum to discuss the development of the hospitality and tourism industry. The conference attracted mor...
Travel Trends Index: Strength of Domestic Travel Lessens Sting of Sluggish International Growth
U.S. Travel Association | August 8, 2018
WASHINGTON (August 8, 2018)—Travel to and within the U.S. grew four percent year-over-year in June, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 102nd straight month of overall expansion. Despite this positive trend, U.S. Travel economists remain wary that growth of international inbound travel to the U.S. is not keeping pace with the global long-haul travel boom. Most notable in the TTI is the strength of domestic business and leisure travel, buoyed by near-historic highs in consumer confidence and growth in forward-looking bookings and searches. According to the...
Marriott, Hilton, and IHG Top Franchise Companies and Brands in U.S. Construction Pipeline
Lodging Econometrics | August 6, 2018
August 6, 2018 – PORTSMOUTH, NH –In the second quarter of 2018, analysts at Lodging Econometrics (LE) report that the top franchise companies with the largest construction pipelines are: Marriott International with 1,351 projects/177,743 rooms, Hilton Worldwide with 1,327 projects/147,728 rooms, and InterContinental Hotels Group (IHG) with 932 projects/95,018 rooms. Development projects in these three franchise companies comprise 66% of total construction pipeline rooms. The largest brands for each of these companies are Marriott's Fairfield Inn with 284 projects/27,584 rooms, Hilton's Home2 Suites by Hilton with 384 p...
China and Impact on South Africa Tourism
Nomfundo B Zonke | August 6, 2018
South Africa has continued to strengthen its ties with China, to ensure that the economic engagement was mutually beneficial, continued to lead to infrastructure development, greater economic participation and the greater good of both countries. By Nomfundo B Zonke Over the past decade, South Africa has continued to strengthen its ties with the People's Republic of China. Many Chinese companies operating in South Africa are geared towards the rising number of Chinese tourists who visit the country each year. South Africa is also home to a large number of Chinese immigrants: Yoon Jung Park, a researcher on Chinese migrants in South Afri...
Zimbabwe – Vote for Tourism
Rishabh Thapar | August 3, 2018
As Zimbabwe undergoes a historic election, tourism is a key industry that could drive the country's makeover. By Rishabh Thapar The election on 30 July 2018 is one of the most important elections in the country's democratic history, with 23 candidates and 55 parties contesting the presidential election. This is the first time since 1980 that Robert Mugabe's name didn't feature on the ballot paper after he was forced from power during a bloodless military coup in November 2017. The importance of the election is not lost on the electorate, with voters queuing to cast their vote. The current president and ZANU-PF leader, Emmerson Mnangagw...
New York City, Dallas and Houston Markets Lead U.S. Construction Pipeline
Lodging Econometrics | August 2, 2018
August 2, 2018 – PORTSMOUTH, NH According to the second quarter construction pipeline trend report by Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines are: New York City with 169 projects/29,365 rooms; Dallas with 156 projects/18, 908 rooms; Houston with 150 projects/16,321 rooms; Nashville with 123 projects/16,392 rooms; and Los Angeles with 121 projects/18,037 rooms. The five top markets with the most projects currently under construction are New York City with 101 projects/17,108 rooms, Dallas with 47 projects/6,350 rooms, Nashville with 43 projects/7,005 rooms, Houston wit...
