Browse news, forecasts, trends and more about economic issues and their impact on the hospitality industry.
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Breakfast trends: Know the cost (or savings!) that come with quality 8 Feb, 2012
For hoteliers, serving breakfast for a consistent cost throughout the year can be difficult. Breakfast staples are comprised of products like eggs and bacon that rise in cost during summer. Breakfast foods are also especially perishable, limiting the options hotels have to stock up on these goods....More>>
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 | Newswire
Turkey sees development increase 7 Feb, 2012
As the Central Asia & Turkey Hotel Investment Conference begins in Istanbul, it seems worthwhile to take a look at notable recent developments in the city and Turkey at large. A major announcement at the Conference is that Hilton Worldwide has signed development agreements to open four new hotels...More>>
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 | Newswire
Global brands announce developments in Saudi Arabia 7 Feb, 2012
Just a few weeks ago, we posted about a few hotel developments in Saudi Arabia, noting that Hilton had six properties in the pipeline. Not to be outdone, several other companies have jumped into the fray, and the Kingdom's development scene is picking up speed at an impressive rate. Hotelier Middle...More>>
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Article
It's a perfect pricing storm in Indianapolis this weekend 3 Feb, 2012
Indianapolis has been gearing up for the Super Bowl 2012 rush, and with super crowds comes super room pricing. The Star-Ledger reports that at this point in the weekend, "the price of a downtown pillow is roughly twice the cost of a ticket on the 40-yard line." More>>
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 | Newswire
Reports paint differing pictures of EMEA market 31 Jan, 2012
Latest stats from Jones Lang Lasalle and STR Global offering different viewpoints on different aspect of the market. According to the analysis published in World Property Channel, hotel investment activity is expected to remain stable across the EMEA market during 2012 with $11 billion worth of...More>>
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 | Newswire
Need hotel financing? Wells Fargo is your bank 27 Jan, 2012
Wells Fargo is ready to lend toward hotel projects, particularly those that are acquisition-based and in gateway cities. More>>
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 | Newswire
Hotel fundamentals will continue improvement says E&Y report 26 Jan, 2012
The improved hotel fundamentals that started in 2011 should carry through 2012 says Ernst & Young in its latest Global Hospitality Insights report—even in the face of an uncertain global economy. "The conventional wisdom suggests that key fundamentals should be on the wane, but that has not...More>>
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ALIS: CEOs talk uneven recovery, economic trends and those pesky OTAs 26 Jan, 2012
“Rebound” was the buzz word tossed around at the Americas Lodging Investment Summit in Los Angeles this week, but some in the industry are likening the industry’s recovery scenario to more of a slow hustle back up the court, scouting more shot opportunities than actually taking them. Still,...More>>
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 | Newswire
Report: Nearly 1,400 Hotels in EMEA Pipeline 24 Jan, 2012
According to the December 2011 STR Global Construction Pipeline Report published on WorldPropertyChannel.com, 891 hotels totaling 143,484 rooms are in development across Europe, and the Middle East/Africa hotel development pipeline comprises 496 hotels totaling 133,438 rooms. Among the countries in...More>>
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 | Newswire
Accor cautiously optimistic about 2012 after Q4 report 18 Jan, 2012
Hotel operator Accor reported a drop in revenue for the fourth quarter mainly due to negative impact of its asset-management strategy on revenues, NASDAQ reports. Total revenue for the quarter dropped 1.1 percent to $1.92 billion from $1.95 billion in the same quarter last year. The negative impact...More>>
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