Knowland’s recent meeting planner survey revealed that groups are more likely to relocate events to alternative markets than move down in chain scale to reduce costs. This indicates an opportunity for non&hotel venues to compete more strategically for group business.
Appeared first on: hotelnewsresource.com
Inbound International Travel Has Stalled at Roughly 90% of 2019 As of November & CBRE U.S. Hotels State of the UnionJanuary 2025 Edition
Outbound international travel increased to 122% of 2019’s level in November while inbound lagged at 88%. It is unlikely that inbound international travel will fully recover in 2025 given the recent mid&single digit growth trends. Appeared first on: hotelnewsresource.com … [Read More...]
Sydney Emerges as Preferred Destination for Cross&Border Real Estate Investment in Asia Pacific in 2025
Sydney has secured the second rank, trailing Tokyo, as a preferred destination for cross&border real estate investment in Asia Pacific, as per CBRE's 2025 Asia Pacific Investor Intentions Survey. Appeared first on: hotelnewsresource.com … [Read More...]
IHG Unveils New Public Space Design for Holiday Inn Express
The new design, Generation 5, is expected to be rolled out across Europe, Middle East, Asia, and Africa (EMEAA) later this year. Appeared first on: hotelnewsresource.com … [Read More...]
MGM Grand Hotel Reveals $300 Million 4,000+ Room Renovation Plan
The MGM Grand Hotel & Casino has announced a $300 million renovation of its 4,212 rooms and suites in the main tower. Appeared first on: hotelnewsresource.com … [Read More...]
Comp Sets Decoded: The Key to Smarter Hotel Benchmarking
In the dynamic world of hospitality, where every decision influences the bottom line, comp sets—or competitor sets—play a pivotal role in benchmarking and profit intelligence. The right comp set doesn’t just offer data; it delivers context, enabling hotel operators to make informed decisions that optimize operations and boost profitability. Appeared first on: hotelnewsresource.com … [Read More...]