Tag: hotel industry news
Wyndham Hotels & Resorts Releases Q1 2023 Financial Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended March 31, 2023. The results include:
Global RevPAR grew 12 percent compared...
Filling the Void: Industry Leaders Chart Incremental Labor Progress Following Pandemic
Most hospitality executives will acknowledge the industry’s property-level labor problems didn’t start with the pandemic, but the shutdown that occurred as a result certainly...
Aimbridge Hospitality Acquires Terrapin Hospitality Management Portfolio
PLANO, Texas— Aimbridge Hospitality, a leading global hospitality company, has assumed management of 71 hotels previously operated by Houston-based Terrapin Hospitality. With over 8,100...
STR: Labor-Related Issues and Energy Costs Are Top Hotel Industry Challenges
HENDERSONVILLE, Tennessee—Labor-related issues and energy/utility costs are among the top challenges on the mind of global hotel and travel industry professionals, while leisure demand...
AHLA: Hotel Industry Projected to Surpass Pre-Pandemic Levels in 2023
WASHINGTON—The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue, and state and local tax revenue, while inching...