While not currently written into law, the U.S. Department of Justice has released plans that indicate it will begin implementing ADA regulations on websites as early as 2018. Hoteliers without ADA-compliant websites may begin reviewing and updating existing sites to meet the worldwide standard for web content accessibility. Those 12 guidelines cover four areas to ensure that the site is perceivable, operable, understandable, and robust. Read about the most important information that hoteliers need to know about accessible websites here.
Beyond influencing hotel amenities and services, the wellness trend is now showing up in hotel design. Brands are leveraging technology to create a healthier guestroom—from lighting that mitigates the impact of a traveler’s jetlag to advanced air purification systems. Read about several hotels in the United States and abroad that are incorporating new technologies and initiatives in their properties to help guests stay healthy and refreshed during their stay here.
In the coming year, occupancy is expected to remain high but stay relatively flat or dip slightly lower according to a recently released 2018 Outlook report from Moody’s Investors Service. Occupancy will largely remain flat because of supply and demand reaching parity, which the report attributes to the toll of alternative lodging competition and weak corporate profit growth.
The lodging industry’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to grow 5 percent to 6 percent based on 1 percent to 3 percent growth in RevPAR and new hotel supply. Excluding Marriott and Hilton, which account for half of the rated lodging adjusted EBITDA, EBITDA is expected to grow 4 percent. Muted Global GDP growth is expected to support 1 percent to 3 percent growth in ADR in 2018. Flattened or modestly declined occupancy and slow ADR growth still supports RevPAR growth of 1 percent to 3 percent.
According to the report, the outlook could shift to negative if occupancy and/or ADR declines, which would lead to flat or negative RevPAR growth. On the flip side, the outlook could shift positively if industry fundamentals like RevPAR support EBITDA growth greater than 5 percent.
Jim Cosgrove will be integral in continuing momentum and providing leadership for Best Western Hotels & Resorts as Chairman for the Board of Directors for 2018. Cosgrove’s understanding of Best Western operations comes from being a second-generation Best Western hotel owner, multiple leadership roles, and involvement with the company.
For a look at other notable comings and goings that took place this week, click here.
PORTSMOUTH, NH—Lodging Econometrics’ Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,427 projects/2,084,940 rooms, up 8 percent by projects year-over-year (YOY).
The number of projects under construction around the globe has increased 9 percent since last year to 5,885 projects/1,086,966 rooms. Projects scheduled to start construction in the next 12 months stand at 3,723 projects/538,061 rooms, 6 percent more than last year. Projects in early planning total 2,819 projects/459,913 rooms—up 8 percent YOY.
The franchise companies with the largest number of projects in the Global Construction Pipeline are: Marriott International with 2,274 projects/383,984 rooms, Hilton Worldwide with 2,029 projects/305,229 rooms, InterContinental Hotels Group (IHG) with 1,339 projects/199,045 rooms, and Choice Hotels with 529 projects/43,121 rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 339 projects/36,578 rooms, Hilton’s Hampton Inn & Suites with 543 projects/66,887 rooms, IHG’s Holiday Inn Express with 616 projects/72,370 rooms, and Choice’s Comfort Suites with 114 projects/9,574 rooms.
Cities in China with the largest pipelines are: Shanghai with 117 projects/24,009 rooms, Guangzhou with 107 projects/25,684 rooms, Chengdu with 93 projects/21,139 rooms, Suzhou with 82 projects/16,550 rooms, and Beijing with 77 projects/13,140 rooms.
PORTSMOUTH, NH-Analysts at Lodging Econometrics report that China’s construction pipeline has a total of 2,435 projects with 538,836 rooms, up 5 percent since last year. The number of projects under construction are up 4 percent year-over-year to 1,732 projects totaling 364,809 Rooms under construction. The number of projects scheduled to start construction in the next 12 months is up by just one project since last year to 308 projects and 69,972 rooms while those in early planning are up 9 percent at 395 projects and 104,055 rooms.
The top hotel companies in China’s construction pipeline are: Hilton Worldwide with 292 projects/72,382 rooms, Marriott International with 272 projects/76,595 rooms, and InterContinental Hotels Group (IHG) with 203 projects/54,778 rooms. The largest brand in the pipeline for each of the these companies are: Hilton’s Hampton Inn & Suites with 110 projects/16,724 rooms, Marriott’s full-service hotel with 59 projects/18,429 rooms, and IHG’s Holiday Inn Express with 61 projects/13,575 rooms.
The cities in China with the largest hotel construction pipelines are: Shanghai with 117 projects/24,009 rooms, Guangzhou with 107 projects/25,684 rooms, Chengdu with 93 projects/21,139 rooms, Suzhou with 82 projects/16,550 rooms, and Beijing with 77 projects/13,140 rooms.