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According to the recent Construction Pipeline Trend Report by Lodging Econometrics (LE) , the Asia Pacific, excluding China (APEC), hotel construction pipeline hit an all-time high at the Q4 2024 close, climbing 5% year-over-year (YOY) to reach record counts of 2,085 projects/412,358 rooms. At the close of the quarter, projects under construction accounted for 41% of the total pipeline with 848 projects and 47% of the rooms in the pipeline with 196,408 rooms.
Who are my competitors? Its a question every hotel must answer. Yet, the way we define compsets (competitive sets) in the industry has evolved significantly, thanks to technology and data analysis. Before diving into how compsets have evolved, well first revisit the basics. What is a hotel compset? A hotel’s competitive set is a group of hotels that compete with your property for the same guest.
ARLINGTON, VirginiaThe U.S. hotel industry reported negative year-over-year comparisons, according to CoStars latest data through Feb. 8, 2025. U.S. Hotel Performance February 2-8, 2025 Percentage change from comparable week in 2024 Occupancy: 55.9 percent (down.5 percent) ADR: $156.03 (down 2.2 percent) RevPAR: $87.22 (down 2.7 percent) Among the Top 25 Markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (up 13.6 percent to 74.2 percent),
Enterprise EV charging solutions provider EVPassport and commercial real estate services and investment firm CBRE have entered an agreement to provide EV charging solutions, with a focus on multifamily and hospitality properties in North America. Under the agreement, CBRE will support the deployment of more than 3,600 EV chargers across more than 600 strategic sites in the U.S.
Speaker: Matt Sunshine, CEO at The Center for Sales Strategy
AI isn’t replacing salespeople—it’s empowering them. The most forward-thinking sales organizations are using AI to enhance human performance rather than eliminate it. From coaching and messaging to prospecting and pipeline accountability, artificial intelligence is giving managers and SDRs the new tools they need to work smarter, sell better, and close more.
MYRTLE BEACH, South CarolinaBrittain Resorts & Hotels (BRH), in partnership with EOS Hospitality, invested over $58 million in renovations at three of its properties in Myrtle Beach, South Carolina: Caribbean Resort & Villas, Ocean Reef Resort, and Compass Cove Resort. Myrtle Beach is rapidly transforming into a destination known for elevated and unforgettable experiences, and we are proud to be part of that evolution, said Patrick Norton, chief marketing officer, Brittain Resorts &
Yurbban Hospitality Group , a global hotel operator with roots in Barcelona, has marked a decade of Yurbban Hotels with the addition of Lennox Hotel Miami Beach to its portfolio. It is the sixth hotel the company manages in the South Florida city. Housed in the former Peter Miller Hotel and close to the beach and the Miami Beach Convention Center, the 118-room Lennox Hotel Miami Beach consists of four interconnected buildings centered around a courtyard with a Mediterranean-style pool.
NEW YORKInfor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and manage revenue in a complex, AI-driven market. Infor RMS leverages artificial intelligence and machine learning algorithms to provide hoteliers with control over their pricing and revenue optimization processes.
NEW YORKInfor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and manage revenue in a complex, AI-driven market. Infor RMS leverages artificial intelligence and machine learning algorithms to provide hoteliers with control over their pricing and revenue optimization processes.
The U.S. hotel industry reported negative year-over-year (YOY) comparisons for the week ending Feb. 8, according to CoStar data. Feb. 2-8 (percentage change from comparable week in 2024): Occupancy: 55.9% (-0.5%) ADR: $156.03 (-2.2%) RevPAR: $87.22 (-2.7%) Among the top 25 markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (+13.6% to 74.2%), ADR (+107.1% to $485.52) and RevPAR (+135.2% to $360.46).
CHICAGO, IllinoisHyatt Hotels Corporation reported fourth quarter and full year 2024 results. Highlights include: Mark S. Hoplamazian, president and CEO, Hyatt, said, “The purposeful evolution of our business model and strong brand focus has accelerated our network effect benefiting each of our stakeholders. Our fourth quarter results demonstrate the strength of our commercial offerings, as evidenced by the growth of the World of Hyatt loyalty program, which reached approximately 54 millio
Todays buyer is more sophisticated and has access to all the information they need at their fingertips, so how do your salespeople differentiate? They must have the skills to ask the right questions, listen to understand, position their value, and help a prospect self-discover the solution that makes sense. This is very different than selling in the past when the seller controlled the information and buying process.
Skift Take: Speaking of partnerships, Airbnb CEO Brian Chesky said: "We don't need to build the future by ourselves." More partnerships would be a big change for Airbnb, if and when they happen.
Speaker: Brendan Sweeney, VP of Global Sales and David Phelan, Account Manager
In a world where buyers are more informed and objections are more nuanced, confidence isn't optional—it’s a competitive advantage. In high-stakes conversations, knowing how to handle pushback can make or break the deal. Join industry experts Brendan Sweeney and David Phelan for a behind-the-scenes look at how teams are transforming sales coaching with real-time feedback, objection-handling role plays, and pre-call preparation that actually sticks.
Selling cars takes more than ads. Automotive companies and businesses need content that connects with buyers, builds trust, and encourages purchases. A strong marketing plan increases visibility and attracts potential customers. Providing useful information helps automotive brands stand out from competitors. Knowing how to create engaging content leads to better results.
Hotel Designs Wimberly Interiors brings art deco-inspired glamour to Tempo by Hilton Wimberly Interiors brings art deco-inspired glamour to Tempo by Hilton Wimberly Interiors has unveiled the interior design for Tempo by Hilton, Nashville, a property that fuses the citys distinct Southern charm and music legacy with refined Art Deco-inspired interiors… With spaces envisioned as Mary Louise, a fictional character conceived of by Wimberly Interiors and the client, Tempo by Hilton, Nashville
The latest Long&Haul Travel Barometer reveals that sentiment for long&haul travel to Europe in 2025, particularly among American tourists, is declining due to increasing travel expenses.
When culture isn’t consistently lived out across the organization, engagement suffers—and it often starts with a disconnect at the top. In this session, Beth Sunshine, SVP of Up Your Culture at The Center for Sales Strategy, will reveal how HR and executive leaders can close the gap between vision and execution by equipping frontline and mid-level managers to become culture carriers.
ARRIVE by Palisociety has expanded its national portfolio with the debut of ARRIVE Albuquerque, located in downtown Albuquerque, NM, overlooking the city’s landmark Robinson Park. The hotel is situated in a six-story, 1965 historic property and features 137 guestrooms; a seasonal pool and swim club; and DWTNR Cocktail Bar & Lounge, a signature restaurant for guests and locals.
This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR).
Conference season is herebut then again, it seems like its all year. ALIS is now in the rearview mirrorthough the information and networking from that event is ever presentand were gearing up for the Hunter Hotel Investment Conference in March. Hotel Business team members will be there in Atlanta, and this issue will be too. Hotel Business is proud to feature the family behind the event in our cover storyand even more honored that the photo on the cover features Bob , Teague and Lee holding a ma
Key trends driving the shift to hourly services As hotels adapt to a constantly evolving market and changing guest preferences, hourly services are getting more popular.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling
COAST SALISH TERRITORY (VANCOUVER) Indigenous Tourism BC (ITBC) has launched a new Indigenous-Owned designation and a refresh of the existing Authentic Indigenous designation. Honouring quality and authenticity, both designations promote Indigenous tourism businesses across British Columbia, ensuring travellers can identify and engage with cultural experiences and businesses in a meaningful way.
With automated event classification, travelers could easily find events that align with their interests, which is particularly beneficial during the inspirational phase of trip planning.
Three years in a row. Top 2% globally. One of only 14 companies worldwide. Yanolja Cloud Solution has once again secured its place among the world’s best, earning the coveted Elite Connectivity Partner status from Expedia Group for 2025. This isnt just an achievementits a testament to our unwavering commitment to innovation, seamless connectivity, and empowering hoteliers with next-generation technology.
February 26 - February 28 Lorem ipsum, dolor sit amet consectetur adipisicing elit. Amet quam autem animi ducimus! Nesciunt animi sint ea itaque qui cupiditate sequi libero deserunt delectus architecto perferendis, natus veritatis fugiat, tenetur nihil quam repudiandae ullam perspiciatis vitae eos assumenda exercitationem a sapiente? Adipisci dolorum eum repellendus fuga, in deleniti.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
European airport passenger traffic finally exceeded pre&COVID levels in 2024, with a 7.4% increase over 2023, marking a significant recovery in the aviation industry.
February 26 - February 28 Lorem ipsum, dolor sit amet consectetur adipisicing elit. Amet quam autem animi ducimus! Nesciunt animi sint ea itaque qui cupiditate sequi libero deserunt delectus architecto perferendis, natus veritatis fugiat, tenetur nihil quam repudiandae ullam perspiciatis vitae eos assumenda exercitationem a sapiente? Adipisci dolorum eum repellendus fuga, in deleniti.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 125&key Homewood Suites by Hilton Houston NW at Beltway 8, a highly coveted extended&stay hotel located in Northwest Houston.
February 26 - February 28 Lorem ipsum, dolor sit amet consectetur adipisicing elit. Amet quam autem animi ducimus! Nesciunt animi sint ea itaque qui cupiditate sequi libero deserunt delectus architecto perferendis, natus veritatis fugiat, tenetur nihil quam repudiandae ullam perspiciatis vitae eos assumenda exercitationem a sapiente? Adipisci dolorum eum repellendus fuga, in deleniti.
Are you curious about how artificial intelligence is reshaping sales coaching, learning, and development? Join Brendan Sweeney and Devyn Blume of Allego for an engaging new webinar exploring AI's transformative role in sales coaching and performance improvement! Brendan and Devyn will share actionable insights and strategies for integrating AI into coaching and development - ensuring personalized, effective, and scalable training!
Article - US Visa Renewal Policy Shift Could Slow Indian Business and Tourism Travel - A shift back to pre-Covid visa renewal rules in the US may lead to longer waiting times for Indian applicants.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 68&key Holiday Inn Express & Suites Cleveland, a limited&service hotel in Cleveland, Texas, which is part of the HoustonThe WoodlandsSugar Land Metropolitan Statistical Area (MSA).
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