CoStar Group's STR and the team at Hotel News Now cover the largest hospitality industry trends around the globe. Here are 10 of the most-read news stories about the sector over the past year.
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CEO's Advice to Hotel Owners and Operators: Stop Wasting Money on Online Travel Agencies
Speaking to members of the Asian American Hotel Owners Association, MCR Development Chairman and CEO Tyler Morse said costs associated with booking channels such as online travel agencies and search-engine marketing far outweigh the benefits for hotel owners and operators. » Read More -
Hotelier Sentiments Mixed Around Recovery of Business Travel
Editors recap the opening day of the 14th annual Hotel Data Conference with takeaways, quotables and more highlights from the event as projections are updated for average daily rates. » Read More -
Marriott's Head of Global Operations Says Hotel Guests Want 'More Out of Travels'
Erika Alexander, Marriott's chief global officer, global operations, says travel isn't fundamentally different, but traveler priorities have shifted, and the company is working hard to listen and deliver on expectations. » Read More -
Largest Hotel Operator Aimbridge Seeks To Broaden Scope
Hotel third-party manager Aimbridge Hospitality is coming off a big 2021 with several deals, a new headquarters and a refreshed corporate identity. Because of these factors, Aimbridge executives believe the company will be more attractive to hotel owners. » Read More -
Why NewcrestImage's Mehul Patel Walked Away From Hotel Operations
Following its deals with Summit Hotel Properties and Aimbridge Hospitality, NewcrestImage's CEO Mehul Patel said his company sees more opportunities to expand, and he urged other developers not to wait as construction costs never decrease. » Read More -
Hotel CEO Salaries Bounce Back After Turbulent Pandemic Years
A study of the base salaries and compensation packages of the CEOs of the largest hotel companies shows a return to normal compensation strategies following 24 months or so of disruption, staffing furloughs and very low occupancy. » Read More -
Hotel Owners Look To Cut Amenities While Brands Want Them Restored
Hotel executives said the pandemic was a good opportunity to reset the hotel operating model and to cut back on unwanted or overly expensive offerings such as executive lounges. » Read More -
Hoteliers Care for Guests, Assess Damage After Hurricane Ian
Hoteliers in and near the path of Hurricane Ian said they've been busy assessing damage from the storm and housing evacuees as well as utilities crews and emergency responders. » Read More -
Host Hotels & Resorts Announces Joint Venture with Noble To Buy Select-Service Assets
Bethesda, Maryland-based hotel REIT Host Hotels & Resorts acquired seven hotels and sold six properties during the fourth quarter. The company also announced a partnership with Atlanta-based Noble Investment Group to invest in developing hotel types outside of its typical portfolio. » Read More -
Hotel Bars Serve Autumn In a Glass, and the Flavors Aren't All Pumpkin Spice
Hotel bars across the U.S. are serving up autumn-inspired cocktails, with ingredients such as crushed graham crackers, cinnamon simple syrup, apple brandy and blue corn whiskey. » Read More