Lodging Daily News

NEEDHAM, Massachusettes—Tripadvisor’s Winter Travel Index reveals that 58 percent of U.S. respondents will travel this season. Though the findings are on par with Tripadvisor’s data from last winter (59 percent), this figure rises to 63 percent of Millennials and 68 percent of Gen Z travelers this season. The vast majority (91 percent) are planning travel for specific seasonal reasons, including winter festivals (36 percent); winter sports and activities (30 percent); school breaks (30 percent); and

WASHINGTON—AHLA Foundation, in partnership with the Employment and Training Administration Office of Apprenticeship at the U.S. Department of Labor, will expand its registered apprenticeship programs for the hospitality industry. The $505,000 grant will enable AHLA Foundation to serve more than 400 apprentices in one of three pathways: Lodging Manager, Hotel Cook, and Maintenance. Since 2018, AHLA Foundation’s program has enrolled approximately 2,000 apprentices with 83 employers across the country. Through a combination of on-the-job learning

PLANO, Texas—Aimbridge Hospitality announced the transition plan for Michael J. Deitemeyer, who is stepping down as CEO, effective Dec. 31, 2023. An Executive Committee of the Board, helmed by Aimbridge Chairman Glenn Murphy, has been formed and will lead a comprehensive search for a CEO replacement. Deitemeyer assumed the role of president and CEO of Aimbridge Hospitality in January 2021 after serving as global president following the company’s merger with Interstate in October 2019. Deitemeyer was president

In recent years, hoteliers have found creative ways to streamline their operations and control costs, particularly in their food and beverage departments. A recent CBRE analysis for LODGING noted that rising wages, heightened supply costs, and ongoing labor challenges have prompted hoteliers to increasingly scale back restaurant hours and menu offerings, reduce their in-room dining and minibar service, and adopt self-serve kiosks and grab-and-go market models. These strategies present an opportunity for hoteliers to curate

DALLAS—The commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued, according to the latest research from CBRE. The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the United States, declined by 3.0 percent from Q2 2023 and 47.9 percent when compared with the strong loan volume in last year’s third quarter. The index closed Q3 2023