At the 24th Annual Hotel General Managers’ Conference this week, British hoteliers discussed the issues that come with Brexit for the U.K. hotel industry. Many are concerned about the increased cost of supplies, such as food and beverage, and the ability to hire and retain staff. For more information, click here.
Prices of hotel rooms in Washington, D.C., are 927 percent higher than usual for the week of the ceremony, reports Trivago. The average is now $2,071 per night for a standard double room. For more information, click here.
Nearly all of the world’s major travel destinations are currently outpacing last year’s hotel bookings, according to Tourico Holidays’s 2017 Global Hotel Trends Report. The total number of room nights booked grew by 28.7 worldwide. Read more here.
This week’s presidential inauguration is expected to draw droves of protestors and supporters alike, making this week an extremely profitable time for hotels. Federal and local officials in Washington, D.C., are preparing to accommodate one million visitors—a drop from the record 1.8 million who attended the 2009 inauguration of President Barack Obama, but still enough to triple typical midweek visitation numbers. To read more, click here.
While a glut of supply in New York City has caused hotel revenue to plummet over the last few years, the forecast appears brighter for 2017. JLL predicts some upward momentum now that a lot of new hotels have already opened. Data also shows that home-sharing is no longer an exploding phenomenon. To read more, click here.
After a number of terrorist attacks in Istanbul, its tourism sector is struggling to revive itself. Although security has been heightened in the wake of the attacks, the number of foreign tourists visiting Istanbul dropped a sharp 26 percent in 2016 from the previous year. For more information, click here.