Category: Recent News

Not knowing your niche, too-aggressive marketing, and failing to re-market effectively to OTA traffic…these are all key challenges facing hoteliers at the moment. But there are some profound opportunities, too. Find out more about the insights that came out of the Cendyn World Tour 2024 – London event.

Our 22nd webinar, held on 10 December, explored the impact of the 2024 Budget on the hospitality sector, highlighting concerns about increased costs from rising NI contributions and thresholds, minimum wage increases and business rates, with one of our experts noting that these changes could lead to a 10% increase in payroll costs, necessitating a 5%-7% revenue growth to mitigate the impact.

The U.S. hotel industry reported solid performance during the week ending 7 December 2024, lifted entirely by the second half of the week. Revenue per available room (RevPAR) over the first three days of the week, coming off the Thanksgiving weekend, produced negative year-over-year comparisons. On the flip side, the last three days of the week produced significant RevPAR gains.

I discuss this question with hoteliers way too often. It’s not their fault, but the reality is they don’t understand what this statement means and, in this piece, I’m going to lay it out for you. I will say that the lack of understanding and basic ignorance of this is a costly and completely avoidable expense if you just do a little digging and ask the right questions.

Booking.com is a leading review generation source in the majority of the world’s markets. Now, it is introducing significant updates to its review scoring system, and this change marks a watershed moment—particularly for hotels that haven’t been leveraging ReviewPro’s GRI.

The future of hospitality lies in the hands of graduates who can blend technology with human touch, rethink outdated operations, and push for sustainability—while today’s leaders must set the pace for this transformation.

Something that many of us have felt and others have put into numbers is the megatrend of luxury hotel rates growing at an outsized pace relative to in-market comparisons from other budget, midscale and even upmarket hotels. The two of us have pointed to this difference on projects as a reason for owners and investors to consider either upleveling their existing property or in going through the extra effort to develop within luxury hospitality real estate versus other classes.

With changing consumer demands, new technology, and more competition, travel and hospitality organizations need to adapt their operations, particularly in procurement. Data-driven decision-making has become a critical component of successful procurement strategies.

Hanoi, December 10, 2024 – HOTLIST Travellive Editor’s Picks is an annual event organized by Travellive Media Group to celebrate exceptional brands and individuals with outstanding contributions to the tourism and hospitality industry over the past year.

The year ahead looks set to be a pivotal one for commercial real estate. While performance is asynchronous across geographies and markets – and across asset types within markets – on balance we believe the real estate cycle has turned a corner.