Amadeus: Hotel Occupancy Soars This Holiday Season
Category: Featured, Industry News, Trends & Research
As the world heads toward the holiday season, hoteliers are preparing for demand as people look to travel over Christmas and New Year’s Eve. Amadeus is seeing a peak in demand over the Christmas and New Year period across major markets around the world. Amadeus’ Demand360+ data as of November 27, 2023, showed that global hotel occupancy for the weeks of Christmas and New Year’s is at 23 percent. This is up 10 percent from
CoStar: Group Demand Impacts October P&L Data
Category: Finance, Finance & Development, Market Reports
WASHINGTON—Improvement in group demand across the Top 25 Markets drove U.S. hotel revenue and profit growth, according to October P&L data from CoStar. October 2023 Per-available-room metrics Percent change from October 2022GOPPAR: $97.45 (up 3.7 percent)TRevPAR: $240.74 (up 4.0 percent)EBITDA PAR: $69.60 (down 1.2 percent)LPAR (Labor Costs): $74.48 (up 5.9 percent) The industry saw its largest year-over-year increases in GOPPAR and TRevPAR since March 2023. “The Top 25 Markets have showed an 11 percent jump
This Week’s Comings & Goings
Category: Comings & Goings, People
Timbers Company appointed Darrin Griffin as chief development officer. In his new role, Griffin is responsible for identifying opportunities aligned with the brand’s expansion goals and overseeing the company’s current expansion. Nobu Hotel Atlanta appointed Terry Buchholz as general manager. With over 25 years of experience in the hospitality industry, Buchholz will oversee the property’s daily operations, sales and marketing, and more. Waldorf Astoria Beverly Hills promoted Maykel Escalona to hotel manager, marking his second
SAN FRANCISCO, California—Uplift announced a partnership with Unique Travel Corp. (UTC), the worldwide representative of Sandals Resorts and Beaches Resorts, to provide their all-inclusive guests with the ability to spread out the cost of their booking over time. This new payment option allows guests to reserve an all-inclusive vacation and then pay for their trip in installments. Guests may access Uplift payment options via the Sandals and Beaches websites or their call center if they
WASHINGTON—American Hotel & Lodging Association President and CEO Chip Rogers released a statement after the Los Angeles City Council voted to withdraw from the March 2024 ballot a union-backed measure that would have required all hotels in the city to house people experiencing homelessness next to guests. The ballot measure was proposed by Unite Here Local 11, a union representing Los Angeles hospitality workers. Unite Here agreed to remove the ballot measure under pressure from