Comment on this story Comment The pandemic boom in do-it-yourself home improvement projects is officially over. Stanley Black & Decker Inc. on Thursday chopped its 2022 earnings guidance nearly in half, citing a significant slowdown in consumer demand for power tools beginning in late May and accelerating through June. Volumes in the tool business collapsed…
Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t…
It’s a volatile stock market out there right now as investors eye the start of the Federal Reserve’s first rate-hike cycle in years and geopolitical uncertainty stemming from the war in Ukraine. With so much attention focused on these two issues, many investors might be missing opportunities available in a recovering travel industry, particularly among…
While leisure demand has been the darling of the hotel recovery, hotel executives believe we’re in the very early stages of a robust comeback for group and events. Here are some highlights of commentary from the fourth quarter and full-year 2021 earnings season indicating how hoteliers believe group demand will see a robust comeback this…