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U.S. Stands Alone as Only Nation Facing Decline in International Visitor Spending in 2025
2025-05-14 19:41:06| Hotel Resource
The World Travel & Tourism Council (WTTC) has revealed that the U.S. could lose up to $12.5 billion in international travel spending in 2025, marking a significant 22.5% decline from its previous peak.
Category:
Hospitality
LATEST NEWS
Record Highs Reached in Europe's Hotel Construction and Renovation Projects in Q1 2025
2025-05-14 19:01:18| Hotel Resource
The luxury and upper upscale chain scales achieved record highs with 132 projects/17,124 rooms and 281 projects/45,091 rooms, respectively.
Category:
Hospitality
Pattern: The Undervalued Driver of Success & By Lynn Zwibak
2025-05-14 18:54:18| Hotel Resource
The number of factors identified to impact the success of a hotels revenue management strategy continues to grow. We know the standard ones: that higher occupancy brings in more guests and therefore can lead to more ancillary revenue; higher ADR means more revenue to flow to the bottom line, leading to higher profit; longer lengths of stay reduce costs, also leading to higher profit. I'm here to argue that there is one factor more important than all of these, and it is often overlooked in the revenue management discussion. I'm talking about pattern the way that the number of rooms occupied on each night relates to the surrounding nights.
Category:
Hospitality