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
Travel Trends Index: Int’l Travel to U.S. Continues Strong Showing Post-Executive Order
U.S. Travel Association | July 6, 2017
Visits to the U.S. from abroad grew again in May; both domestic and international travel remain strong, though with a future slowdown projected WASHINGTON (July 6, 2017)—International travel continued to defy the expectations of many in May 2017, according to the U.S. Travel Association's latest Travel Trends Index (TTI), posting its 13th straight month of year-over-year growth. International travel to the U.S. grew 5.2 percent in May versus the same month in 2016. In fact, the latest TTI even revised upward (to 6.6 percent) its positive international travel figure from April—the first month of data to begin fully reflec...
Europe’s Construction Pipeline Steady Showing 13 Percent Increase YOY
Lodging Econometrics | July 5, 2017
July 5, 2017 – PORTSMOUTH, NH The recent Europe Construction Pipeline currently has 1,062 Projects/172,063 Rooms, up 13% Year-Over-Year (YOY), according to Lodging Econometrics (LE). There are 527 Projects/91,195 Rooms Under Construction, up 30% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 291 Projects/44,757 Rooms, up 28%, while projects in Early Planning at 244 Projects/36,111 Rooms are down 20%. The top hotel companies in Europe's Construction Pipeline are: Hilton Worldwide with 164 Projects/26,182 Rooms, Marriott International with 151 Projects/26,631 Rooms, and InterContinental Hotels...
Canada’s Construction Pipeline Is on the Upswing
Lodging Econometrics | July 5, 2017
July 5, 2017 – PORTSMOUTH, NH According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 214 Projects/28,299 Rooms, up 7% by projects Year-Over-Year (YOY). There are 75 Projects/10,700 Rooms Under Construction, up 12% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 84 Projects/9,808 Rooms, up 29%, while projects in Early Planning at 55 Projects/7,791 Rooms are down 19%. The top hotel companies in Canada's Construction Pipeline are: Marriott International with 46 Projects/6,997 Rooms, Hilton Worldwide with 29 Projects/3,649 Rooms, and InterContinental Hotel...
Avison Young Hospitality Group Announces Nine Closings in June
U.S. Travel Association | June 29, 2017
ATLANTA – June 29, 2017 – The Avison Young Hospitality Group announced today that it has brokered nine hotel transactions, including one full service hotel and eight select service hotels, in June. Marriott, IHG and Choice franchise systems were notable hotel brands the hospitality group helped close. Assets were primarily located in the Pacific Northwest and Southeast, with one in New York. Chris Stark, Wendy Blissett, Rex Cagle, Andy Broad, Joe Jones and Keith Thompson represented Avison in the transactions. "Our closings this month illustrate buyers' desire for well-located hotel assets," said Andy Broad, principal at Avi...
the D Las Vegas Increases Profitability and Efficiency with Revenue and Profit Optimization Solutions from The Rainmaker Group
Rainmaker | June 27, 2017
Las Vegas-based casino hotel focuses on total guest value with solutions from market leader in gaming and hospitality revenue optimization technology ALPHARETTA, GA – June 27, 2017 – the D Las Vegas (the D), a downtown Las Vegas-based casino hotel boasting unique and high-energy gaming experiences, is enhancing its profitability through the use of The Rainmaker Group's (Rainmaker's) guestrev® and revcaster® revenue optimization solutions. the D has gone live with both solutions, which are designed to help them leverage total guest value to maximize profit, as well as to gain deeper insights into competitor pricing th...
China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
Lodging Econometrics | June 26, 2017
June 26, 2017 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,441 Projects/534,285 Rooms, down just 7 projects Year-Over-Year (YOY). There are 1,722 Projects/360,379 Rooms Under Construction, down 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 323 Projects/72,323 Rooms, up 10%, while projects in Early Planning at 396 Projects/101,583 Rooms are up by 8%. The top hotel companies in China's Construction Pipeline are: Marriott International with 240 Projects/69,051 Rooms, InterC...
Global Construction Pipeline Up 6% by Projects YOY for First Quarter
Lodging Econometrics | June 26, 2017
June 27, 2017 – PORTSMOUTH, NH Lodging Econometrics' (LE) Global Construction Pipeline Trend Report states that the Total Pipeline ended the first quarter with 11,904 Projects/1,974,439 Rooms, up 6% by projects Year-Over-Year (YOY). There are 5,496 Projects/1,009,227 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,753 Projects/532,814 Rooms, are up a strong 17% while projects in Early Planning at 2,655 Projects/432,398 Rooms are down 2% by projects. The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott Internation...
U.S. Lodging RevPAR to Decelerate According to Fitch
Fitch | June 22, 2017
Fitch Ratings-New York-22 June 2017: Fitch Ratings expects U.S. lodging RevPAR will decelerate in 2H17, but remain positive, allowing the strongest and second longest recovery since 1987 to endure through at least 2018. Fitch expects low single-digit RevPAR growth over the next two years, with resort, suburban and airport locations outperforming due to less new supply. "Although leading hospitality and economic indicators are generally positive, market level performance will vary widely and key REIT strongholds like New York and San Francisco will be weak," said Stephen Boyd, Senior Director, U.S. Corporates. "Internation...
The Rainmaker Group to Showcase Hospitality Revenue and Profit Optimization Cloud at HITEC 2017
Rainmaker | June 20, 2017
Leading provider of revenue and profit optimization solutions for the hospitality and gaming industry to demonstrate comprehensive new cloud-based platform Toronto – June 20, 2017 – The Rainmaker Group (Rainmaker), the market leader in revenue and profit optimization solutions for the gaming and hospitality industry, is set to demonstrate its full suite of cloud-based solutions to attendees of HITEC 2017, taking place June 26th – 29th in Toronto, Canada. In addition to demonstrations of the proven Rainmaker revenue management, intelligence and rate-shopping solutions platform, which includes guestrev®, grouprev&re...
HVS Releases the 2017 Hotel Cost Estimating Guide
Warren G Feldman | June 14, 2017
By Warren G Feldman, Scott P. Rosenberg , Christine Shanahan The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA. ...
HVS Key Takeaways: 2017 NYU International Hospitality Industry Investment Conference
Chris Fernandes | June 13, 2017
By Chris Fernandes Manhattan's Marriott Marquis once again welcomed the most prominent leaders in the hospitality industry for the 2017 NYU International Hospitality Industry Investment Conference, held June 5 and 6. Over the two-day event, industry experts gathered to share their opinions on a wide variety of ownership, management, branding, lending, and economic topics. Despite uncertainties in today's global political and economic climates, the overall tone remains one of cautious optimism. A Call to Action No time was wasted skirting around discussion of the current White House administration, with conference chairman Jonathan M. Ti...
Spring Conference Season – What is the Buzz?
Robert Rauch | June 6, 2017
by Robert A. Rauch Spring brings on many conferences including our own Lodging Industry Forecast Event (LIFE) Conference held in March. Recently we've had Meet the Money, held in early May and the NYU Hotel Conference, being held now. In this article, after Meet the Money in LA and during NYU in New York, we analyze one and predict the other. Meet the Money At Meet the Money last month, we learned that capital is still available for the right sponsor with the right location, brand and equity. The glass remains half-full, not half-empty. And we heard that consolidation will likely continue. Perhaps Mike Cahill's presentation on behalf of...
AccorHotels Signs Management Agreement with Queensway for ibis Styles – Nairobi, Westlands
TravelClick | June 6, 2017
NAIROBI, Kenya, 6 June 2017, - AccorHotels announced the signing of a management agreement to operate the currently branded Tune Hotel Westlands, Nairobi. This agreement will see AccorHotels relaunch the existing property under the ibis Styles brand during the second semester of the year. The signature ceremony took place at the hotel, in the presence of Naushad Jivraj, CEO of Queensway, Steven Daines, CEO of AccorHotels for Africa & Middle East and the group's New Businesses and Olivier Granet, Chief Operating Officer and Managing Director of AccorHotels Middle East & Africa. This agreement is an important step for AccorHot...
U.S. Travel Industry Rallies Behind Brand USA
U.S. Travel Association | June 6, 2017
300-plus travel businesses and organizations sign letter to Congress extolling agency's benefits; For every $1 spent on marketing, Brand USA adds $27 to U.S. economy WASHINGTON (June 6, 2017)—The U.S. travel industry is rallying around Brand USA, after President Trump's budget proposal eliminating funding for the agency charged with marketing the U.S. around the world. In a letter delivered to key congressional committees, the U.S. Travel Association—along with more than 300 travel businesses, associations, and destination marketing organizations—highlighted Brand USA's new return-on-investment numbers, and the agency...
Key Takeaways from AHLA & AAHOA’s Legislative Action Summit 2017
Kirby D. Payne | June 6, 2017
By Kirby D. Payne and Chelsey Leffet The American Hotel and Lodging Association (AHLA) and the Asian American Hotel Owners Association (AAHOA) held their annual Legislative Action Summit (LAS) on May 17 and 18 in Washington, D.C. Year after year this event brings together a strong showing of general managers, owners, operators, developers, investors, asset managers, hotel employees, and government affairs experts to meet with congressional representatives from their respective states in their Capitol Hill offices to share stories and educate Congress on the issues presently affecting the hotel and lodging industry. The event included re...
Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY
Lodging Econometrics | June 5, 2017
June 7, 2017 – PORTSMOUTH, NH – The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,561 Projects/314,716 Rooms, up 1% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE). There are 834 Projects/172,518 Rooms Under Construction, down 2% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/66,676 Rooms, up 11%, while projects in Early Planning at 419 Projects/75,522 Rooms up by 2 projects. The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marrio...
VIDEO: CBRE’s 2017 Trends® in the Hotel Industry Report
Robert Mandelbaum | June 5, 2017
In this video Robert Mandelbaum, Director of Research Information Services for CBRE Hotels' Americas Research, discusses the highlights of the firms' 2017 Trends ® in the Hotel Industry report. In 2016, U.S. hotel operators were able to extract a 3.7 percent gain in gross operating profits from a 2.4 percent increase in total operating revenue. This was accomplished by controlling the rise in operating expenses to just 1.6 percent. ...
GST & the Indian Hospitality Sector – Second Fiddle Treatment
Achin Khanna | June 1, 2017
By Achin Khanna and Karan Sahani Generating over US$ 200 Billion in revenue and providing over 40 million people a livelihood in 2016, the Travel & Tourism industry contributed almost 10% to the nation's Gross Domestic Product, earning India the 7th rank in the world, according to a recent report by the World Travel and Tourism Council (WTTC). The hospitality sector provides for a critical and inherent part of this contribution. The honorable Prime Minister has repeatedly spoken about Tourism being an intrinsic part of his vision from an economic growth perspective. Measures such as the 'Make in India' campaign and the provision for...
U.S. Hotel Supply Forecast for 2017 Shows 22 Percent Increase Over Total Number of Openings Last Year
Lodging Econometrics | May 25, 2017
May 25, 2017 – PORTSMOUTH, NH – In Q117, there were 513 Projects/57,127 Rooms newly announced into the Hotel Construction Pipeline according to analysts at Lodging Econometrics (LE). 212 Hotels/24,122 Rooms opened in the U.S. in the first quarter. The majority of these opens, 93 Hotels/10,018 Rooms, were in Suburban locations. Almost half of the opens, 100 Hotels/12,856 Rooms were hotel properties with between 100-200 rooms. 79 of these hotels and 10,544 of the rooms, or 37%, were in a top 25 market. For the remainder of the year, LE forecasts another 868 Projects/97,386 rooms to open for a Total of 1,080 Hotels/121,508 Room...
The Rainmaker Group Solves Revenue Management Challenges to Bolster Growth at Westgate Las Vegas
Rainmaker | May 25, 2017
Leading provider of revenue management and intelligence solutions for the gaming and hospitality industry brings total profit optimization to prominent resort and casino property ALPHARETTA, GA – May 25, 2017 – The Rainmaker Group (Rainmaker) has successfully deployed its comprehensive suite of revenue management and business intelligence solutions at Westgate Las Vegas Resort & Casino (Westgate Las Vegas), a popular casino resort that is celebrated for its variety of suites, onsite amenities, customer service and prime location adjacent to the Las Vegas Convention Center. In late 2016, the Westgate Las Vegas team deploy...
In Focus: Countryside of Tuscany, Italy
Ezio Poinelli | May 24, 2017
By Ezio Poinelli , Pavlos Papadimitriou , Nana Boussia Introduction Tuscany is a region in central Italy with an area of about 23,000 km2 and a population of about 3.8 million (2013). The regional capital and most populated town is Florence with approximately 370,000 inhabitants while it features a Western coastline of 400 kilometers overlooking the Ligurian Sea (in the North) and the Tyrrhenian Sea (in the Center and South). Tuscany is known for its landscapes, traditions, history, artistic legacy and its influence on high culture. It is regarded as the birthplace of the Italian Renaissance, the home of many influential in the history ...
Meet the Money 2017 Key Takeaways
Shannon L. Sampson | May 24, 2017
By Shannon L. Sampson , Benjamin A. Levin , Aaron Solaimani The 2017 Meet the Money National Hotel Finance & Investment Conference, held May 8–10 in Los Angeles, brought together a strong showing of hotel owners, investors, lenders, brokers, consultants, franchisors, and brand representatives. Top U.S. hospitality executives served on panel discussions that addressed an array of topics related to hotel ownership, development, and financing, as well as the recent proliferation of new hotel brands and the impact of the global economy on the industry. True to this year's theme, "Opportunity or Peril: Finding the Right Key to the ...
After Strong First Quarter, CBRE Forecasts Eighth Consecutive Year of Occupancy Growth for U.S. Hotels
CBRE Group, Inc. | May 23, 2017
Atlanta – May 23, 2017 – The U.S. lodging industry started 2017 on a strong note. During the first quarter of 2017, hotel demand increased by 2.8 percent. The result was an occupancy of 61.1 percent, the highest first quarter occupancy rate reported by STR in the past 30 years. "Since bottoming out in the fourth quarter of 2009, U.S. lodging demand now has grown for 29 consecutive quarters, and led to the record occupancy levels we currently are observing," said R. Mark Woodworth, senior managing director of CBRE Hotels' Americas Research (CBRE). "We realize that favorable prior year comparisons contributed to the strong gro...
Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
Lodging Econometrics | May 23, 2017
May 23, 2017 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that the Upper Midscale category is currently at 2,067 Projects/205,662 Rooms, and has the largest project count of any chain scale in the Total Pipeline. The second largest is Upscale, which currently has 1,246 Projects/161,229 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 66% of all projects in the Total Pipeline. The brands with the largest number of projects in the Upper Midscale pipeline are; IHG's Holiday Inn Express with 412 Projects/38,160 Rooms, Hilton's Home2 Suites 344 Projects/36,074 Rooms and Marriott's Fairfield Inn w...
