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WASHINGTON—U.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through Jan. 20, 2024. U.S. Hotel Performance January 14-20, 2024 Percentage change from comparable week in 2023:Occupancy: 52.2 percent (down 3.8 percent)ADR: $142.27 (up 1.6 percent)RevPAR: $74.31 (down 2.2 percent) Among the Top 25 Markets, Seattle saw the largest year-over-year occupancy increase (up 9.6 percent to 54.1 percent).
Skift Take: Hotel execs gathered this week to compare the sizes of their hotel pipelines. The companies with the largest hotel development forecasts were Marriott and Hilton, and the types of properties proving popular says a lot about their strategic directions.
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Skift Take: Although China still has a way to go to make a complete recovery from the pandemic, the projected boom in Lunar New Year trips is a welcome sign for the travel industry worldwide.
Skift Take: Jolyon Bulley became IHG's CEO of the Americas in July. He aims to bring a “China speed” pace to luxury and lifestyle hotel growth in the group’s largest region.
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Companies all over the world, including Marriot International and Hilton Worldwide, are aware of the value of including DEI in their talent acquisition strategy. However, despite these initiatives, there is still plenty that the hospitality sector can do to promote DEI. When comparing the hospitality industries in India, Iraq, the UK, and the US, you will see that there is a consistent underrepresentation of persons from different ethnic, gender, and disability origins across all levels of the i
Skift Take: With a funky design and innovative features, the new Seoul lounge has the potential to re-establish the oneworld alliance's market position.
Skift Take: Los Angeles recognizes that global competition for tourists has changed drastically since the pandemic. It's putting more money and targeting more markets to address it.
The race to 100% digital is on. With the restaurant industry still in the early innings of its digital transformation, brands need an airtight strategy when it comes to building out their tech stack. Download the buyer’s guide to learn where to prioritize your efforts and get the most out of every investment.
Skift Take: The delivery is a boost for the beleaguered Boeing 737 Max, which has come under scrutiny since a door plug blew off an Alaska Airlines jet.
Skift Take: Hotels aren't doing enough to keep their wholesale rates off of smaller retail travel sites. That is damaging to Expedia's effort to gather the best prices online.
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Skift Take: Sam Nazarian once built buzzy hotel brands Hyde, SLS, and Mondrian. Can Nazarian repeat the trick with the help of unlikely partners Wyndham and musical artist (and investor) Mark Anthony?
Skift Take: Despite doubling its room count over a decade, Marriott CEO Anthony Capuano remains optimistic about the company's growth potential. He's betting that high-margin luxury hotels and a tech revamp will help sustain fat fees.
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Skift Take: Voco Monaco Dubai will open in the next few months, putting IHG in charge of a hotel its owners state has previously been challenging to run.
In the ever-changing landscape of the U.S. hospitality industry, the Q4 2023 U.S. Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Dallas emerged as the strongest market, leading the nation with a record-breaking 193 projects/22,291 rooms, signifying Dallas’s growth and confidence in the hospitality sector.
LODGING is live from ALIS 2024, brought to you by Choice Hotels. Access more of our live coverage here. The keynote panel at ALIS brought together executives from a variety of different segments of the travel industry to address some of the current trends and potential challenges to further growth and a key focus of the discussion was leisure and international travel.
Skift Take: One of the largest players in hotel tech is selling what it says is a simplified system for hotel tech operations, days after a newer player said it's entering the sector with a similar plan.
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