29 January 2025 - 10 Minutes News for Hoteliers - Page 2

Edinburgh: Balancing culture and business to drive tourism success

🏖️ Edinburgh, a key player in Scotland's tourism and hospitality, draws millions of visitors yearly, blending historical allure with event hosting capabilities. In 2023, the city saw 4.98 million overnight stays from domestic and international visitors, bolstering Scotland's economy with significant tourism spending.

2 min

CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

📈 At the Americas Lodging Investment Summit (ALIS), CoStar and Tourism Economics slightly adjusted the U.S. hotel forecast for 2025, maintaining the average daily rate (ADR) growth at +1.6% and revenue per available room (RevPAR) at +1.8%. Occupancy projections increased slightly to 63.1%. Economic factors such as low unemployment, reduced inflation, consumer spending, and solid business investment create a favorable travel environment, despite potential risks from Trump Administration policies. Forecasted stabilized labor costs and slight TRevPAR growth may improve profit margins, with F&B departments expected to see high growth rates.

2 min

AHLA Foundation Raises Over $1,000,000 at Night of a Thousand Stars Fundraising Gala

🏡 In Los Angeles, California, the AHLA Foundation's Night of a Thousand Stars gala raised over $1,000,000 with 400+ industry leaders at the Beverly Hilton. The event included $10,000 pledged by AHLA for wildfire relief in LA, with a match of up to $25,000 for member donations. Awards were given to hospitality professionals under 30, students, women in leadership, and the lodging employee of the year. Notable support came from a $100,000 donation by Jon and Ellen Bortz.

4 min

Uga Ulagalla, Sri Lanka, Serves Memorable Outdoor Dining Experience, ‘Kamatha at Uga Ulagalla’

🍴 Uga, a Sri Lankan hotel group, offers Kamatha at Uga Ulagalla, a year-round traditional dining experience on a 58-acre estate near Anuradhapura. The event, serving 25 local dishes, is held at a traditional Kamatha pavilion and costs $55 per person for half-board guests, $110 for bed and breakfast guests, with a 15-diner capacity. Uga Ulagalla is a 25-villa five-star resort, where rates start from $481 per night for two adults in an Ulagalla Pool Villa on a bed and breakfast basis.

2 min

CBRE Survey Finds Additional Capital Will Be Allocated to U.S. Hotels in 2025

🏦 In 2025, 94% of investors plan to maintain or expand U.S. hotel portfolios, compared to 85% in 2024. Only 6% consider reducing allocations, down from 16% the previous year. New York City, San Francisco, and Dallas are the top three markets for hotel investment. More than 75% of investors favor value-add strategies, with a preference for full-service hotels (58%) and upper-upscale (52%) and luxury segments (30%). Challenges include high capital and labor costs, but competition from alternative lodging is a minor concern (3%).

3 min

SHR tackles hotel ‘cart abandonment’with Embedded Booking Engine

💾 Houston, TX-based hotel technology specialist SHR launched its new embedded booking engine on January 29, 2025, aiming to reduce booking abandonment, which occurs 78.3% of the time in the hotel industry, with a higher rate on mobile (85.6%) compared to desktop (73.1%). The EBE features advanced personalization, multi-property search, real-time updates, and upselling options. Direct bookings are expected to surpass OTA bookings by 2030. SHR, founded in 2004, serves over 2,000 hoteliers globally.

3 min

First look at The Reserve: Luxury accommodation at Chester Zoo, with conservation at its heart

🦒 Chester Zoo's new luxury lodge, The Reserve, opens August 2025, welcoming guests starting mid-August with bookings from 29 January. The UK destination features safari-style accommodation, exclusive animal encounters, and supports conservation efforts for endangered species. The Reserve offers 51 sustainable lodges, variously accommodating 2-6 people, with lakeside and savannah views, and includes a restaurant, bar, and private zoo access. TROO Hospitality manages the guest experience. Contact reservations@thereservechesterzoo.com for booking.

3 min

JLL Outlook Projects Increase in Global Hotel Investment Volume

📈 JLL's forecast shows a 15-25% rise in global hotel investment volume in 2025 compared to 2024. In 2024, global hotel investment volume was $57.3 billion, up 7% from 2023 but 17% below historical levels. Global hotel demand hit 4.8 billion room nights through November, with RevPAR growth at 4%. Private equity was the top hotel buyer, with increased activity from high-net-worth individuals, REITs, and newcomers. The luxury and select-service sectors are likely to be favored in 2025. Key future trends include a focus on lifestyle hotels, the growth of branded residences, emerging markets like India and Saudi Arabia, and the strategic use of AI in hotel operations.

Rising Results: Groups Confirm Their Dynamism in 2024

🏖 Compagnie des Alpes reported €261.8 million in revenue for Q1 2024/25, a 30.7% year-over-year increase; ski resorts division up 19.7% with a 2% rise in skier-days; Distribution & Hospitality division increased by 25.4%. Theme Parks revenue grew by 37.5%, with attendance up by 17%. Now owns 86.4% of Urban Group. Targets approximately 10% EBITDA growth for the fiscal year. CapitaLand Ascott Trust (CLAS) saw a 6% revenue increase to S$423.2 million in H2 2024, with a 6% rise in REVPAU and occupancy rate up to 81% from 77% last year. CLAS portfolio valuation increased by 1% or S$72 million.

1 min

Advanced KPIs Every Hotelier Needs to Track – and How to Optimise Them

🏨 🏨 D-EDGE asserts the importance of advanced KPIs in hotel strategies by 2025 for optimizing performance, increasing profitability, and improving guest experiences. It offers tools to transform hoteliers' approach to KPIs and stay competitive.

Input your search keywords and press Enter.