(iStock/Photo Illustration by Steven Dilakian for The Real Deal) As hotels fight to recover from the pandemic’s ravages, a continued downturn of business travel will continue to harm the market. Hotel revenue from business travel will remain 23 percent below 2019 levels in 2022, American according to a forecast from the Hotel & Lodging Association…
RALEIGH, N.C. (WNCN) — Raleigh hotels expect to take in only about two-thirds of the business travel revenue they had before COVID-19 hit, a study finds. A report released Tuesday by the American Hotel and Lodging Association and research firm Kalibri Labs breaks down how expected spending on hotels by businesses this year compares to 2019….
Travel + Leisure magazine just released its annual “It List,” featuring a lineup of editors’ favorite new hotels and resorts throughout the world. Among the 100 properties to make the cut in 2022 is The Stavrand Russian River Valley in Guerneville. The historic property, previously known to locals as The Applewood Inn, was renovated and…
Henry Harteveldt had already lined up a couple of morning meetings at his hotel’s restaurant by the time he arrived in New York recently. But when he checked in, he learned it was closed for breakfast because of staffing issues. Getting room service was tricky, too. The travel industry analyst and co-founder of Atmosphere Research…
People who are not in the movie business dream of attending the Oscars. That dream can come true if … [+] you have enough Bonvoy hotel points. (Photo credit VALERIE MACON/AFP via Getty Images) AFP via Getty Images The Superbowl. Machu Picchu. The Oscars. F1 races. Concerts by the world’s biggest superstars. Private cooking classes…
Omni Hotels & Resorts President Peter Strebel weighs in on travel trends amid the current economic landscape. There is “incredible demand” for travel despite soaring inflation, according to Omni Hotels & Resorts President Peter Strebel. The hotel executive also acknowledged on “Mornings with Maria” that prices for accommodations are “a little on the high side”…
You travel with your dogs, so why not your plants? A hotel in Kentucky is offering what it’s calling “plant-friendly” specific hotel rooms for those not wanting to leave home without their leafy possessions. Plant-Friendly Hotel The Elwood hotel in Lexington, Kentucky, is dubbing itself as the world’s first plant-friendly hotel. What does that mean?…
As travel continues its triumphant rebound—some 70% of leisure travelers in countries including the U.S., the U.K., and Canada plan to spend more on travel in 2022 than they have in the past five years, according to a recent report—globetrotters climbing the walls after two years of lockdown are ready to splurge on extravagant getaways….
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…
An analysis conducted by the San Diego State University School of Hospitality & Tourism Management on behalf of the American Hotel & Lodging Association found that in-person business travel and meetings have undeniable advantages over virtual options, and that businesses and organizations that resume business travel and meetings more quickly are likely to have a…