Browse news, forecasts, trends and more about economic issues and their impact on the hospitality industry.
 | Newswire
Smartphones transforming travel, says annual SpringHill Suites summer travel survey 18 May, 2012
Technology plays a big part in the results of SpringHill Suites' annual Vacation Attitude Survey. Nearly 75 percent of social media users said they will continue to use social media while on vacation, and survey participants said they use their smartphones to take photos and video, as alarm clocks,...More>>
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 | Newswire
CBRE Hotels' managing director discusses American investment in Europe 16 May, 2012
Derek Gammage, managing director of CBRE Hotels EMEA, recently commented on how U.S.-based funds are influencing Europe's hotel development scene. Daily conference calls "with a cast of many" are now a daily event, he said, set up by American companies "ostensibly to ‘investigate’ the hotel...More>>
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 | Newswire
Deloitte: Memorial Day travel up, consumers looking for hotel values 16 May, 2012
While summer leisure travel is on the rise, according to new data from Deloitte, consumers still seek to cut their hotel costs as much as possible. According to the survey results, most travelers are looking for "more in services and added amenities, including complimentary breakfast, free wireless...More>>
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 | Newswire
Major branded hotel openings mark Qatar development 15 May, 2012
More than 85,000 hotel rooms are set to be available by 2022 alone, and progress is well under way with dozens of properties completing each week. More>>
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 | Newswire
Investors look to East, West and Southern Africa 9 May, 2012
While Southern Africa has seen plenty of notable hotel development in recent years, investors may want to start looking both east and west: The Industrial Development Corporation (IDC) Tourism Report, released this week, indicates that these regions are poised for rapid growth as they increasingly...More>>
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 | Newswire
Hospitality Properties Trust's RevPar decreases in first quarter 7 May, 2012
Hospitality Properties Trust's funds from operations in the first quarter were $96.4 million. For HPT's 288 comparable hotels, average daily rate increased 5.2 percent to $98.62; occupancy decreased 3.7 percentage points to 64.0 percent; and revenue per available room decreased by 0.5 percent to...More>>
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 | Newswire
Europe sees influx of Middle East hotel investment 2 May, 2012
As European real estate sales drop to their lowest levels in 18 months, businesses in the Middle East are taking advantage of the opportunity. Israel's biggest hotel chain, Fattal, has over 30 European properties and is planning more. The chain, whose hotels in Europe are mostly branded "Leonardo,"...More>>
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 | Newswire
Hotel operators optimistic on Middle East investment 2 May, 2012
More than a year after the uprisings across the Arab world changed the region's business outlook, hotel operators still believe in the investment potential of the Middle East, GulfNews.com is reporting. A panel of experts at the Arabian Hotel Investment conference, which addressed the Arab Spring...More>>
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 | Article
PKF: Major markets are getting expensive 30 Apr, 2012
Rising occupancy levels will enable hotel managers in the nation’s major markets to significantly raise their room rates in 2012. The average daily room rate for hotels in the 50 metro areas for which PKF Hospitality Research prepares a Hotel Horizons forecast is projected to increase 5.3 percent...More>>
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 | Newswire
Study: Vagabond Inns ranked most energy- and carbon-efficient U.S. chain 27 Apr, 2012
Sustainability technology company Brighter Planet released a sustainability study of 46,000 U.S. hotels to determine the best and worst performers in energy efficiency and carbon footprints. The top ten are Vagabond Inns, Red Lion Hotels & Inns, Red Carpet Inns, Travelodge, Scottish Inns, Americas...More>>
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