As 2023 ends, regional HVS leaders across the globe take a look back at how the global hotel industry fared this year. Overall, operating metrics shined brightly, with revenue growth achieved in most global markets, while investment activity cooled. The investment market is expected to improve in 2024.
The 2023 edition of the Caribbean Hotel Investment Conference & Operations Summit (CHICOS) brought over 300 attendees to the Westin Beach Resort & Spa St. Thomas, USVI, for several days of networking and industry insights from key stakeholders in the region. This article provides key takeaways from this year’s conference.
The destination market of Newport, Rhode Island, has recovered more quickly from the COVID-19 pandemic than many other cities in the Northeast. This article highlights the market’s recent performance and outlook.
Following the devastating impacts of Hurricanes Irma and Maria and the effects of COVID-19, the U.S. Virgin Islands achieved the highest percentage increase in visitors between 2019 and 2022 of any Caribbean nation. This article explores tourism trends in this growing Caribbean destination.
The halls of the JW Marriott Desert Ridge were buzzing this week as thousands descended upon the Phoenix resort for this week’s Lodging Conference. If you couldn’t make it to the event, here’s a quick recap of what you missed.
With leisure demand driving the recovery in the hotel industry, all-inclusive resorts are in high demand around the world, especially now that travel costs are rising, and travelers are looking for vacations that provide the best value for their money. Read on to know more.
Remote work has opened several new avenues for hotels, including new customer segments and ancillary revenue streams. However, with most companies across industries now getting back to a hybrid or full work-from-office model, will these concepts continue to grow?
Over the last decade, the Dominican Republic has experienced robust growth in visitation, coupled with increased investment in the hospitality sector. This article explores the latest development trends in this important Caribbean destination.
Due to travel restrictions, Staycations flourished as one of the few remaining sources of leisure demand. We interviewed hospitality experts and conducted a survey to gather data on consumers’ behavior and hoteliers’ response with regards to Staycations in Canada and beyond. Through this article, we share innovative strategies hoteliers can use to develop competing Staycation packages aiming to attract one of the identified Staycations subsegments: Dreamers, Explorers and Business Staycationers.