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Airbnb Doesn’t Even Dent Manhattan Hotel Performance

A recent analysis of Airbnb data by STR found that in one of the busiest metropolitan areas on the planet—Manhattan—Airbnb unit sales do not affect hotel performance. The analysis cites several reasons behind this finding, including that hotel rooms outnumber ...

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GBTA: Business Travel Solid After Paris Attacks

Business travel is showing increased levels of resiliency since the immediate aftermath of the Paris terrorist attacks. According to new polls from the Global Business Travel Association, more than 90 percent of U.S. and European business travel buyers now report ...

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Wealthy Travelers’ Habits in 2016

According to the Resonance 2016 Luxury Travel Report, wealthy U.S. travelers are more likely to participate in health and fitness activities while on vacation than the average U.S. traveler. The report shows that the top 1 percent participates in health ...

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OTAs Found Skewing Search Results

There are plenty of ways that online travel agencies influence where guests’ book their hotel rooms. Sites like Expedia present hotels according to internal formulas of customer ratings through the OTA’s own systems. According to the Wall Street Journal, other factors that ...

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Prepare for the Worst to Manage Investment Risk

When hospitality financial experts met at ALIS at the end of January, many of them were echoing the same sentiments—in order to best manage financial risk, investors should be preparing for the worst-case scenario. While the lodging industry is currently ...

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