Oh, to be a luxury consumer — staying at the Four Seasons, shopping at Louis Vuitton, eating at restaurants with more Michelin stars than the number of ex-husbands per Real Housewife.
Visitor taxes, tourism levies, bed taxes, call them what you will, are spreading around the world as surely as the tourists themselves, with similarly mixed reactions.
Sustainability is a vital initiative for the entire travel industry. Maybe you, like us, experienced what feels like the hottest and driest summer in memory. Anomalous weather patterns like this are becoming increasingly common across the globe, and hotels are increasingly pressed to do their part.
When most media in the United Kingdom analyze stress in the economy and on businesses, it concentrates on pubs closing and the cost of a pint, two data points that have always dominated discourse.
Increasingly, prospects who are planning weddings, meetings and events are foregoing traditional site tours and instead meeting virtually with hotel salespeople. Even those who do come by in person often start with a virtual meeting before committing to a visit.
When it comes time to renovate a hotel, guestrooms are always top of mind, but should they be? Guestroom updates attract the lion’s share of attention because they are the primary revenue driver behind any hotel’s success. But a hotel’s public areas can affect its curb appeal, public perception and overall guest experience.
Let me start this by saying I have no strong feelings about Cracker Barrel. I barely have any feelings at all about the restaurant chain, if I'm being honest.
Conversation around artificial intelligence in the hotel industry has heated up more in the last six months than ever before. The CoStar News Hotels team had great conversations at the Hotel Data Conference in particular with hoteliers actually putting AI to use, rather than just talking about it.
Sustainability is important for hotels. It helps in the fight against climate change, especially with travel being cited as a prominent contributor. And it can help save on operating expenses through reduced energy consumption, recycling or food waste efficiency programs.
Have you ever driven in dense fog? It’s stressful, it’s confusing and you can lose your way. Similarly, organizations operating without a strategic framework – a vision and a path to get to that vision – are effectively driving in the fog, vulnerable to disorientation and stagnation.
It’s a tough time for hotel developers. New projects are sidelined by elevated construction costs, scarce financing and painful entitlement timelines. Stabilized asset purchases aren’t faring much better as rising cap rates and expensive debt are breaking underwriting. These market conditions have turned the spotlight on conversions, which, ostensibly, require less construction, less financing and less work overall.
Let me open today's blog with a complaint: As much as I love the Hotel Data Conference every year, what I didn't love about it this year was the complete overlap with hotel earnings season.
With all the constant, fast-paced changes to both paid and organic search engine optimization, and now the need to monitor your GEO (generative engine optimization), there’s no doubt your digital marketing rep is busier than ever.