This article introduces KPIs that are considered vital in understanding a hotel asset’s performance by considering how efficiently and effectively space is utilised within the hotel operation.
Hotels in the Houston area faced a significant RevPAR decline in 2020, and at the beginning of 2023, the market is again contending with uncertainty surrounding rising inflation, risk of a potential economic slowdown, and volatility in its largest industry. In this article, we take a look at Greater Houston lodging recovery thus far and the outlook for the future.
The Niagara Falls lodging market is rapidly recovering after the devastating pandemic-induced RevPAR decline of 72.9% in 2020. The market-wide RevPAR has reached 97% of the 2019 level in 2022 and is projected to reach 112% in 2023. ADR growth is leading the recovery.
After a full RevPAR recovery in 2022, recessionary concerns and the capital markets are causing headwinds for the industry. What can hoteliers expect in 2023 and beyond? This article presents our latest forecast and insights.
The airport lounge industry is also expected to grow steadily in tandem with the expansion of the country’s aviation industry. Read on to know more.
Saudi Arabia is entering an entirely new tourism landscape with its Saudi Vision 2030 initiatives. With a strong economic outlook, a diversification of its economy, and significant governmental support, the hospitality and tourism markets across the Kingdom are expected to thrive over the next decade. In this article, we discuss the most important tourism indicators in the Kingdom.
This report looks at the evolution of UK inflation over the last 50 years and discusses how ADR in London hotels has responded.
City tourism is heavily dependent on corporate & MICE segments and it's time to reconsider and shift the narrative to make city tourism more holistic in the future. Read on to know more.
Religious tourism, which contributes significantly to domestic tourism in India, has demonstrated resilience and recovered faster than most other segments following the pandemic. Read on to know more.
This article discusses the main hotel valuation techniques briefly.