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In 2016, Sourcing Qualified Talent a Top Priority

The U.S. hotel industry put on a strong performance in 2015, with occupancy, average daily rate, revenue per available room, and other benchmarks hitting all-time highs. Increases in occupancy, in particular, have a profound affect on the industry, especially on hotel operations and housekeeping expenses. When occupancy increases, hoteliers must also increase employee labor hours. In fact, according to...

Dollars and Sense: Upcoming Finance, Real Estate Trends

Hotel brands compete with one another to add new product as fast as possible, but their ultimate success relies on smart growth. That’s why hotel companies consider the sophistication and the capital structure of the real estate owner before striking a deal. Unlike other commercial property types that sign long-term leases, hotels have daily turnover and rate changes. This has...

Top Hotel Trends for Driving Guest Loyalty in 2016

In 2015, many hotels focused on introducing new technology, investing in new property layouts, and driving revenue through increasing direct bookings. Each of these will remain priorities in the upcoming year, as hotels leverage new technologies to personalize the guest experience and continue to adapt their properties to reflect evolving traveler preferences in the face of intensified competition. Additionally,...

Impacting the Bottom Line in 2016

2016 promises to be the most profitable year our industry has ever seen due to strong rate growth, minimal supply impact, low interest rates and oil prices, and a somewhat minimal impact from disruptors like Airbnb, living wage bills, and health care costs. As we do every year, following are the trends that will help you maximize your business...

New Survey Reveals Top Trends in the Hotel Industry

WASHINGTON, D.C.—The American Hotel & Lodging Association and its Foundation today released an industry survey examining the top trends in the hotel industry, which this year is marked by personal service, healthy lifestyles, and convenience. The survey, “The 2014 Lodging Study Hotel Trends: An Inside Look at Popular Amenities and Guest Services” conducted by industry data provider STR, illustrates...