Catégorie : Hotel & Hospitality

CBRE is lowering its U.S. hotel performance forecast due to softening lodging demand from weaker leisure travel and slower corporate earnings growth Aug 19, 2024 CBRE now forecasts revenue per available room (RevPAR) growth of 1.2 percent in 2024, down from 2.0 percent in May. However, CBRE expects RevPAR to grow 2 percent year-over-year in…

If they’re not scrapping a trip, many vacationers say they are trading down to cheaper accommodations Aug 19, 2024 While higher-income travelers are still planning international trips, others are scaling back to be more mindful of their spending. Many travelers are now prioritizing overall value and becoming more selective with their bookings. Key takeaways Leisure…

TripAdvisor gives more weight to new reviews, and properties with more reviews receive a higher ranking than hotels with only a few hotel ratings Aug 18, 2024 It is a widely accepted principle that the higher your hotel ranks on Tripadvisor, the more bookings you are likely to receive. This is because positive reviews and…

Google has extended the deadline for phasing out commission-based bidding in Hotel Ads campaigns, setting the new deadline at February 20, 2025 Aug 14, 2024 Google has delayed the sunset of commission-based bidding for hotel ads until February 2025, giving advertisers additional time to adjust their strategies in response to evolving privacy standards. This extension…

Hotel performance and investor interest this year will be influenced by factors such as supply growth, travel demand and changes in the lending landscape, according to JLL Aug 14, 2024 In the first half of 2024, U.S. hotel transaction volume totaled $9.2 billion, marking a decline of approximately 23% compared to the previous year, according…

Earnings reports this week showed more signs of belt-tightening among American households Aug 8, 2024 U.S. consumers are cutting back on travel and leisure spending amid growing concerns about the health of the economy, affecting companies such as Disney theme parks, Airbnb home rentals and Hilton hotels. Key takeaways Rising costs for necessities such as…

Quarterly room night growth of 7% was slower than first quarter growth of 9% – and the pace in the third quarter would be 3-5% Aug 2, 2024 Booking Holdings forecast lower room night growth in the third quarter after beating analysts’ estimates for second-quarter revenue and earnings, sending its shares down 8% after the…

The OTA strongly disagrees with the outcome of the CNMC investigation and plans to appeal the « unprecedented decision » Aug 1, 2024 A spokesperson for Booking said this in a statement. “As we have said before, the EU’s Digital Market Act is the right forum to discuss and assess most of these issues, and provides an…

The company lowered its 2024 room revenue growth forecast, citing weaker domestic travel demand in China and North America Aug 1, 2024 Domestic travel within the U.S. has been sluggish since the beginning of the year as more tourists opt for international destinations in Asia, Latin America and Europe. Global companies are revising their annual…

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