hotel booking
Booking Holdings Beats Quarterly Profit Estimates on Healthy International Travel
October 31, 2024
(Reuters) - Online travel agency Booking Holdings beat analysts' expectations for third-quarter profit and revenue on Wednesday, as resilient demand for international travel offset the weakness in domestic travel in the U.S. and China. Shares of the company rose 4.3% after the bell. International travel demand in Europe and many Asian countries has remained steady, making up for the domestic travel slump in the U.S. and China as consumer spending falls amid macroeconomic difficulties. "We are pleased to report third-quarter room night growth of 8%, which exceeded our prior expectations, driven primarily by stronger performance in Eur...
U.S. Hotel Results for Week Ending 5 October
CoStar Group | October 11, 2024
WASHINGTON – 11 October 2024 – Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 5 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 29 September through 5 October 2024 (percentage change from comparable week in 2023): Occupancy: 65.6% (-3.4%) Average daily rate (ADR): US$156.25 (-4.4%) Revenue per available room (RevPAR): US$102.44 (-7.7%) Among the Top 25 Markets, Tampa saw the highest year-over-year increases in occupancy (+24.1% to 81.3%) and RevPAR (...
Hilton Expands Global Luxury Portfolio With Nearly 400 Extraordinary Boutique Hotels Through Its Exclusive Partnership With Small Luxury Hotels of the
Hilton | July 9, 2024
Guests can enjoy new ways to stay in a collection of unique, independently minded city, beach and resort hotels in sought‑after destinations around the world MCLEAN, Va., and LONDON - Hilton is dramatically expanding its portfolio of luxury hotel experiences with the addition of nearly 400 boutique properties from the exquisite Small Luxury Hotels of the World (SLH) collection. Starting today, hundreds of these properties will be available on all Hilton direct booking channels, including Hilton.com and the Hilton Honors app. Joining Hilton’s prestigious luxury brand portfolio - Waldorf Astoria Hotels & Resorts, Conrad Ho...
Hotels Across Germany Are Filling Up for UEFA Euro 2024
CoStar Group | May 31, 2024
Analysis by William Anns With the summer months fast approaching, sports fans are looking at the 2024 UEFA European Football Championship, which kicks off on Friday, 14 June. Set to take place across multiple locations in Germany, the annual football tournament is expected to affect hotel performance just as much as football fans across the continent. Utilizing Forward STAR data, the markets are already showing spikes in hotel bookings on and around the match dates. Cologne leads the way Looking at the first two weeks of the championship, Cologne is showing the most significant hotel bookings thus far. As of 13 May, the highest o...
Cendyn Named #1 CRS Provider in the 2024 HotelTechAwards for 7th Consecutive Year
CENDYN | January 9, 2024
Cendyn’s CRS once again ranks #1 in the Central Reservations Systems category on Hotel Tech Report and won the title 'Best Hotel Reservations Systems of 2024’ Tuesday, January 9th, 2024: Cendyn, a catalyst for digital transformation in the hospitality industry, has secured the top award for “Best Hotel Reservations System” (CRS) at the 2024 Hotel Tech Awards. The win marks Cendyn’s seventh consecutive victory in this important category where the honor has been awarded every year since 2018. Each year 2.5 million hotel industry professionals use HotelTechReport.com to make informed technology purchasing decisions. The HotelTec...
POLL: Union’s Proposed Homeless Policy Will Deter 72% of Americans From Booking LA Hotel Rooms
AHLA | October 3, 2023
More than 70% concerned about safety of hotel employees and guests WASHINGTON (Oct. 3, 2023) – More than seven in ten Americans would be deterred from booking a hotel room in Los Angeles if hotels there are forced to house homeless people next to paying guests. That’s according to a new national poll commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult. Los Angeles residents are set to vote in March 2024 on whether to require all local hotels to house homeless people next to paying guests as part of a ballot initiative proposed by Unite Here, a labor union that represents LA-area hotel wo...
What Hotels Should Know About Apple Business Connect
Cendyn | March 2, 2023
Picture this, you’re looking for a restaurant close to where you are. You pull out your iPhone and start looking at Apple Maps to find a spot that has what you’re looking for. You see a restaurant that has a great description, pictures of mouth-watering food, and it’s only a few blocks away. You click on a tile to call the restaurant to make sure there’s availability, you book a table, and head on over. Now, imagine potential guests having this same capability for your hotel. Apple recently launched Apple Business Connect which gives businesses, and in this case hotels, the opportunity to make both their hotel and hotel ame...
Hotels.com Reports Rise in New Trip Type: “Thirst Trips”
Hotels.com | February 21, 2023
DALLAS, Feb. 21, 2023 With nearly 100 days between President's Day and Memorial Day weekend, Americans are entering the longest stretch of the U.S. calendar without a federally sanctioned day off. This 3-day weekend drought leaves people parched for a getaway. New search data from Hotels.com shows a new trip type is quenching our thirst this spring: Thirst Trips, or short weekend stays that satisfy our desire for a day off by the pool. "We've hit a point in the year when there's no 3-day weekend on the office calendar, so many Americans have sort of conditioned themselves to hold out on making travel plans until Memorial Day weekend," sa...
