Ever been on a flight, cruising smoothly at 30,000 feet, when suddenly—BAM! The plane shakes, the seatbelt sign dings, and for a split second, you question your life choices.
Tariffs and Turbulence: Navigating Hotel Operations in a Travel Downturn
The hospitality industry is currently facing a confluence of challenges that threaten to curtail travel demand and strain hotel operations. Economic uncertainties, compounded by recent tariff implementations, are reshaping traveler behaviors and demand forecasts. Understanding these dynamics is crucial for hoteliers aiming to navigate the impending downturn effectively.
The Loren Group Doubles Down on Investment in Bermuda with Acquisition of Historic Elbow Beach Hotel
The Loren Group is delighted to announce the acquisition of the iconic Elbow Beach Hotel and Fritholme Garden Residences in Bermuda, a landmark property situated on Bermuda’s picturesque southern shore. This strategic acquisition underscores The Loren’s commitment to expanding its luxury hospitality and residential footprint and enhancing Bermuda’s hospitality landscape. The Loren at Pink Beach, which opened in 2017, has been the marquee, luxury property in Bermuda, raising the bar for contemporary hospitality on the island.
Renewing a Hotel Restaurant Lease in France: Mastering the Concept of “Monovalency”/Single Use for Rent Optimisation
When a commercial lease comes up for renewal, the new rent amount is usually determined through indexing. However, there are exceptions to this rule. In particular, this does not apply when renewing leases for “monovalent” or “single-use” premises. Understanding and applying this principle can help secure more favourable rent conditions. Below, we discuss how to navigate this tricky issue.
Measuring CSAT: Why it matters and how to manage and improve it
In the hospitality industry, KPIs and metrics play a crucial role in evaluating and improving business performance. Metrics like occupancy rates, Online review scores, ADR (Average Daily Rate), and RevPAR (Revenue per Available Room) are essential for assessing financial health, operational efficiency, and customer satisfaction.
OTH Hotels Resorts Adds Holiday Inn Birmingham Airport To Expanding Management Portfolio
OTH Hotels Resorts (OTH), a Virginia-based hospitality ownership and management company with an asset portfolio valued at more than $775 million, announces its latest third-party management contract for the Holiday Inn Birmingham Airport.
European Overtourism Measures Largely Not Reflected in Hotel KPIs
Driven by the surge in post-pandemic travel, overtourism became a major talking point across Europe in 2023 and continued to dominate discussions into 2024. With a year-plus of data now available, we can assess the effectiveness of various countermeasures and their impact on hotel performance.
U.S. Travelers Undeterred by Tariffs and Recession Talk
According to a flash study conducted by MMGY, more than 8 in 10 U.S. consumers still intend to travel for leisure over the next 12 months despite recent announcements regarding tariffs and declines in the market. The integrated travel marketing firm surveyed 1,000 U.S. adults to understand how the recent events may impact travel intentions.
Open Innovation – A Catalyst for Progress, Purpose and Impact
What if the next breakthrough idea for your business did not come from your internal team – but from the outside?
Why Email Capture Rate is Critical for EMEA Hoteliers in 2025
If there’s one metric hoteliers in EMEA should be tracking in 2025, it’s their email capture rate. A hotel’s ability to master email capture is critical to its success and impacts other bottom-line metrics like net operating income (NOI).