Inflation is soaring in many countries due to a combination of factors such as rising fuel prices, ongoing supply disruptions, strong demand, and the
High staff turnover has always been one of the biggest management challenges faced by owners and operators in the hospitality industry. But now, as t
According to a recent GlobalData report, the global mergers and acquisitions (M&A) activity in the travel and tourism sector was worth US$155 billion
COVID-19 and the ensuing travel restrictions have wreaked havoc on the travel and hospitality industries all over the world. To mitigate the impact,
The pandemic, Brexit and ongoing supply issues have prompted key changes in the UK’s hotel sector, many of which are long-term, if not permanent.
The Indian hotel sector is finally breathing a sigh of relief as demand has recovered dramatically in recent months, even helping push occupancy and
Given the significant traction in distribution of the COVID-19 vaccines throughout the United States and general international travel restrictions, l
The ALIS Conference came and went this week, bringing Downtown L.A. hotels to life with optimism and hope that normal for the hotel industry is comin
Local government authorities use property tax revenues to fund services including police and fire protection, hospitals, transportation, and schools
The pandemic’s negative effect on the hospitality industry, especially its ability to hire new associates, will be long felt even as we see signs of
Vaccine rollouts, an increase in local and regional non-air travel trends and higher transaction volumes are all positive news supporting an elevated
In the aftermath of the ongoing pandemic, brand signings by keys in India witnessed a year-on-year decline of 42% in 2020. Signings were especially l
Hotel transactions value in India contracted by approximately 50% to reach INR24,611 million (approx. US$332 million) in 2020 compared to INR49,372 m
The COVID-19 crisis consumed the United States for approximately three-quarters of the past year. In December 2020, the U.S. Food and Drug Administra
After making several representations to the government, the Indian hospitality sector, one of the worst-hit by the pandemic, was expecting some game-
In Spring 2020, many hotels were forced to furlough most on-property Sales Managers because so much demand for hotels disappeared with the pandemic,
A crisis is often needed to make drastic changes and the ongoing pandemic is one of the most challenging crises that the world has faced since the Se
Like many people, I returned to my desk this week after the now-familiar five-second commute between the kitchen and my office at home and pondered w
In the past few months, several state governments have been proactively lending a helping hand to the tourism & hospitality sector in their respectiv
All hotels strive to improve and reduce costs on an ongoing basis. During the normal course of operations, hotels try to achieve this by implementing
COVID-19 has dramatically changed every aspect of life as we knew it, including the way we conduct our business. Though demand will be subdued for th
Asset-light operating models have become the main stay for growth of many of the major hotel companies in India, with Management Agreements being the
While prior HVS annual lodging tax studies have looked back on tax rates and revenues across the United States, this ninth annual Lodging Tax Study a
Among all the many peculiarities of the hotel industry, the hotel management contract is likely the most unique. A binding contract between owners an
In 2019, the national lodging market reached new heights, with hotels reporting the highest occupancy and ADR levels ever recorded. Similarly, hotel
Mixed-use development, usually a planned combination of hotels, retail, office or residential space, is a fairly widespread concept globally with sev
In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are
