Drawing from a data set of 3000+ properties across 95+ countries, and representing everything from small hostels to hostel groups, Cloudbeds' State of Hostels report is packed with data. Stay ahead and discover why 2024 is the year of chasing demand.
The benefits of a large hotel management company may seem obvious. However, when choosing a management company for your hotel, consider looking beyond the obvious and evaluating whether a more personalized and strategic approach is appropriate for your hotel investment goals. This article outlines the benefits of selecting a small hotel management company for the day-to-day operation of your hotel.
The report reveals that Canadians rank as the second highest global market for anticipated average trip spend and are prioritizing spontaneous, bucket list, and once in a lifetime vacations.
Tulsa's tourism industry has experienced a strong recovery from the COVID-19 pandemic. Tulsa experienced record-breaking revenue from tourism in 2022 and 2023, encouraging the local chamber of commerce to focus on sustaining tourism and community-building for the foreseeable future.
Sustained investor interest and strong operating conditions kept the hotel real estate market active in 2023 with transaction volume of approximately $1.72 billion, pacing slightly ahead of 2022 levels ($1.63 billion). Despite interest rate headwinds, confidence in the hotel asset class was evidenced by a diverse investor pool including new entrants eyeing hotels in a quest for cash flow amidst inflationary pressures.
National Associations and Technology groups lead in four out of five markets
Wellbeing in a hotel requires more than just a bigger spa - this was made plain by the participants in the Wellbeing Panel at ITB Berlin. The motto: think more holistically.
Hotel demand fell 2.0% in January, while short-term rental demand rose 1.3%. Despite taking share from hotels, increasing supply has created occupancy headwinds for short term rentals causing RevPAR to contract 6.6%.
American Express Releases 2024 Global Travel Trends Report
The market’s hotel performance was helped by several events including Gulfood (19-23 February), the 2024 FIFA Beach Soccer World Cup (15-25 February), the 2024 Dubai Duty Free Tennis Championships (18 February-2 March), and Untold Dubai Festival (15-18 February).