tag:blogger.com,1999:blog-19258866677403256032024-03-17T23:00:35.118-04:00Above Property Services Blog : News and Information from Above Property Services.Aaron Shepherdhttp://www.blogger.com/profile/13410320012920478907noreply@blogger.comBlogger995125tag:blogger.com,1999:blog-1925886667740325603.post-71125765382996519052024-03-15T16:15:00.002-04:002024-03-15T16:15:37.531-04:00Hospitality News For The Week Of 3/15/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd2IU8bnyQFgfxF-jMWOBX1m1ZLzFvuoTeGUm84o_I_2NfsEQikyxnfbTvaiEg8JB6WPCY1dzX9wGYt2eg-w8CiHnTXvkf1_8pIjNFdTlW-5aqHUcTM3fWko9smbRESwiGmT7cxxyMuWFmdPy01QGCLhMWBNFgh4SXIeQ-yWKLbzwNF0XUtQO_ojZbXVo/s3999/news%20on%20typewriter.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2666" data-original-width="3999" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd2IU8bnyQFgfxF-jMWOBX1m1ZLzFvuoTeGUm84o_I_2NfsEQikyxnfbTvaiEg8JB6WPCY1dzX9wGYt2eg-w8CiHnTXvkf1_8pIjNFdTlW-5aqHUcTM3fWko9smbRESwiGmT7cxxyMuWFmdPy01QGCLhMWBNFgh4SXIeQ-yWKLbzwNF0XUtQO_ojZbXVo/s320/news%20on%20typewriter.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-cee7164e-7fff-555b-cb2e-18e562a5e34f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">US Hotel Rate Growth Softens, Expected To Get a Jolt from Spring Break and Eclipse Demand</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ea7953a9-7fff-a367-111f-3272160964cc"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel industry rates were lower for the first time this year in comparison to the same week in 2023. However, a combination of spring break, the total eclipse of the sun and college basketball tournaments are expected to increase demand for the U.S. hotel industry in the weeks to come. Demand from group travelers continues to be positive for U.S. hotels. Group demand, defined as bookings of ten or more rooms, increased for the tenth consecutive week at luxury and upper-upscale hotels. In year-over-year comparison the segment was up by 7.4 percent from last year and only 1 percent below 2019 levels. <b><a href="https://www.costar.com/article/97975651/us-hotel-rate-growth-softens-expected-to-get-a-jolt-from-spring-break-and-eclipse-demand" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-01c316c5-7fff-c009-b127-1391a749f7d8"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">American Express lists top travel trends for 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-deb838d1-7fff-0844-03bd-742ac1680bde"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">American Express Travel recently released its 2024 Global Travel Trends Report, which highlights the trends which are influencing global travel bookings this year. Important takeaways include, 84 percent of survey respondents are planning to spend more or the same on travel as they did the previous year. In addition, 77 percent of respondents prioritize having the right experience over the cost of the trip. More travelers are seeking transformative experiences through expedition-style adventure trips. Solo travel is on the rise as people take trips which tailor itineraries to be a perfect fit for them. Spontaneity is increasing as growing numbers of travelers seek flexible travel plans. <b><a href="https://www.hotelmanagement.net/data-trends/american-express-unveils-2024-top-travel-trends" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-a9262106-7fff-eb6a-23e8-7ab0d0fa1cc1"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">AHLA Foundation: Hotel Industry Jobs Projected to Outpace Market Job Growth</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-aadc8311-7fff-2ae6-e867-184effa96335"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Robust demand for hotel industry jobs is expected over the next five years, according to the recently commissioned research released by the AHLA Foundation, the charitable arm of the American Hotel & Lodging Association (AHLA). The demand growth is also predicted to outpace overall market job growth. Currently, the hotel industry employs 1.8 million workers in the United States. The AHLA Foundation reports job growth is projected to be 12 percent in the next five years for the hotel industry, in comparison the job growth in the nation overall is expected to be 8 percent. <b><a href="https://lodgingmagazine.com/ahla-foundation-hotel-industry-jobs-projected-to-outpace-market-job-growth/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-22d94ab3-7fff-8672-2890-9f55e368c862"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Hotel Performance for Week Ending March 9th</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-7c8e09fb-7fff-e8dd-39a8-e38439b217af"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to the latest data from CoStar for the week of 3-9 March 2024, U.S. hotel performance increased from the previous week but declined in year-over-year comparison. Industry-wide occupancy was 63.2 percent for the week, down -2.2 percent from the comparable week in 2023. Average daily rate finished the week at $156.96, which was -0.6 percent lower than in 2023. Revenue per available room ended the week at $99.17, -2.8 percent below last year for this week. <b><a href="https://www.hotelnewsresource.com/article130646.html" target="_blank">Full Story Here:</a></b></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-19178890500795472492024-03-13T13:54:00.001-04:002024-03-13T13:54:33.024-04:00Spring Travel Trends 2024<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/6sWn67uDVzKuQo0J1C10AK69eRtYAOgvWgsuWHHVexIDx7aH4xjhJlCGpWgDjjgzGiQuRmBzM7wp10d40iw4beHyWf3lJOrDvspkzseTyidWr-Zp0WvpWW62GhagqM3zh1DQhYP13wWiv_f_G-t7dus" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-09afa0b9-7fff-9ef9-61e4-86900a9dcb83"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Spring will be arriving soon, and with it traveler’s dreams of more pleasant weather in their future. The 2024 spring travel season looks to be quite busy, despite the most pressing concern of travelers this year, cost. 2024 is in fact the third consecutive year travelers have faced rising costs for their trips, however many consumers continue to budget accordingly and prioritize travel in their lives. Even though affordability is a concern of travelers, the overwhelming majority have planned to spend as much or more than their travel last year.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-66e755a2-7fff-d5f3-8800-7fb8f52e6516"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">One of the biggest trends will be arriving in time for the busiest week for spring travel, as there will be a total eclipse of the sun on April 8. This astronomical event will have a significant impact on travel bookings and destination trends as the sun and moon combine to create a spectacle in the sky. The eclipse will reach totality in a swath across the U.S. from Texas to Maine. According to data from Expedia, bookings along the path of totality have reached the sky, with Dallas bookings leaping by 95 percent and Austin by 90 percent for example.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-f48ce5eb-7fff-675e-3289-cc3eae36821a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Bookings for spring travel have been brisk, in keeping with expectations so far. The most trending destinations this spring include the prevailing warm weather locales closer to home such as Florida, Mexico and the Caribbean, but travelers are not shying away from more outlying destinations as well. As to be expected at this time of year, destinations in Mexico continue to be at or near the top for international trips from the U.S., with Cancun being most popular for Spring Break travel. Other hotspots for Mexican travel this spring also include Tulum and Los Cabos. Following Mexico in popularity are the Caribbean destinations of Punta Cana, Dominican Republic; Jamaica; St. Lucia; St. Barths; St. Kitts; Turks & Caicos and the always trending Bahamas. A couple of far-flung destinations, Tahiti and Japan, are also trending currently among serious travelers.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-cc1ff4d6-7fff-080c-2385-f7a06aae0bdf"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Traditionally known as a summer destination for travelers from the U.S., Europe has been gaining in popularity each year since the pandemic not only as a spring destination as well. Paris is most popular and gaining global attention in light of the upcoming summer olympics this year. London of course is a favorite destination of many as always, even in the spring. The Nordic destination of Norway is becoming an increasingly popular alternative to European destinations to the south. Furthermore, air fares to Europe have lowered in 2024 in comparison to 2023.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-80c87fc5-7fff-b283-2baf-f675d129a460"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The most trending domestic U.S. destinations include Florida, with Orlando, Miami, and Tampa leading the way. Of course Las Vegas is a top destination again. Also making the most popular spring destinations in the U.S. list is Hawaii, including the island of Maui. Maui provides a compelling example of how tourism dollars can truly help a community in the wake of the devastating wildfires in 2023. Travelers to Maui and the money they spend have had an immensely positive impact on the lives of the island’s inhabitants.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-3c784c94-7fff-e91c-4693-a01e00dddcde"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Above Property believes strongly in working smart</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-594b8216-7fff-792b-6cb0-09fe64fdad81"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-db109d79-7fff-c53e-2d73-e9779a812385"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-87850363854085618432024-03-08T15:55:00.007-05:002024-03-08T15:55:56.594-05:00Hospitality News For The Week Of 3/8/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0Gfk92j5ZA_yTWtrITFkdZ5qDl2ALIxZ3fX8TljSDa2nxoajS5alerMuOF6k_ur9DWp1YvL6VkGZu6ut9VBfj7U-GuFxRcFzHUh5cjy8Kr_oKyW4cVZzwjvCNm-Wd_BOyZ9UHbfTYPWo3tAwO0A65359VnqLZE-5kkvzdKO6-DluX1j1zt4-RGzLfpIw/s602/News3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="602" data-original-width="512" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0Gfk92j5ZA_yTWtrITFkdZ5qDl2ALIxZ3fX8TljSDa2nxoajS5alerMuOF6k_ur9DWp1YvL6VkGZu6ut9VBfj7U-GuFxRcFzHUh5cjy8Kr_oKyW4cVZzwjvCNm-Wd_BOyZ9UHbfTYPWo3tAwO0A65359VnqLZE-5kkvzdKO6-DluX1j1zt4-RGzLfpIw/s320/News3.png" width="272" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-80ac89bc-7fff-45dd-02b6-084307f2de50"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Women Are a Driving Force for Travel & Tourism, Says WTTC</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-037f0e0e-7fff-8bdb-3e5f-ee04ee6c25f1"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">In celebration of International Women’s Day, the World Travel & Tourism Council (WTTC) underscored the crucial role of women in the Travel & Tourism sector. Data from the WTTC indicates that women account for a significant portion of the sector’s workforce, nearly 40 percent of the total employment. Between 2010 and 2019, direct female employment within the sector surged by 24 percent, increasing from 38.6 million to 47.8 million. Within the Travel & Tourism sector, hospitality stands out with 52 percent of the workforce being female. <b><a href="https://www.hotelnewsresource.com/article130556.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9781fc28-7fff-a018-a979-e018468dc2f8"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Eclipse Travel drives Expedia searches to spike up to 1,100% for stays along the path of totality</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-b97fa454-7fff-0256-6572-e2e18a5f9636"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">This year on April 8, North America will experience its first total eclipse of the sun since 2017. Data released by Expedia reports that destinations along the path of totality will be flooded with travelers around April 8. The U.S. portion of the path of totality runs from Texas to Maine. Cities experiencing the biggest spikes in hotel searches include Burlington, Vermont (+1,155 percent); Little Rock, Arkansas (+985 percent); Dayton, Ohio (+705 percent); Buffalo, New York (+645 Percent) and Indianapolis, Indiana (+545 percent). <b><a href="https://www.hospitalitynet.org/news/4120848.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-a2100d36-7fff-44dc-b686-b83b7f149c9e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">UN Adopts a New Global Standard to Measure the Sustainability of Tourism</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-7457e1f4-7fff-a18a-f869-0f3b53954757"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The groundbreaking Statistical Framework for Measuring the Sustainability of Tourism (MST) has been adopted by all 193 UN member states. Developed under the leadership of UN Tourism, the MST has become the internationally agreed upon reference framework for measuring the economic, social, and environmental aspects of global tourism. The UN Statistical Commission adopted the MST at its 55th session (27 February - 1 March 2024), marking an historic milestone in assessing the sustainability of tourism around the world. <b><a href="https://www.hotel-online.com/press_releases/release/un-adopts-a-new-global-standard-to-measure-the-sustainability-of-tourism/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-c5bb55c8-7fff-ba85-239f-75087dd15861"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Weekly US Hotel Occupancy Stays Above 62%</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-00334e81-7fff-07db-2bb4-7923910a50ad"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to the latest data from CoStar, U.S. hotel performance was mostly positive year-over-year for the week of February 25 to March 2, 2024. Industry-wide occupancy was 62.5 percent for the week, down slightly by -0.3 percent from the comparable week in 2023. Average daily rate finished the week at $155.29, up by +2.7 percent from 2023. Revenue per available room ended the week on a positive note as well, up by +2.4 percent from 2023 at $97.12. <b><a href="https://www.costar.com/article/1823241429/weekly-us-hotel-occupancy-stays-above-62" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-63362954884408990562024-03-01T16:52:00.010-05:002024-03-01T16:52:57.644-05:00Hospitality News For The Week Of 3/1/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRT2EBH7h_9LHaidcQOjAzvKxPWKwrcii32SQuJHgr79MxCjQNnSiN-5FaLjGIjJYaMWjeTcLaJaYeyTqZpcnLQQP-RSPDhvyBd-0aAhHLnIzu44m91aJhUjNTx94x8ACDlu7SSNfsH8AbLeTBGkMtzhUHXVr7wbHHwbdRTMql0wzP2pnJ7pyLFf4Z_ZQ/s512/news_vector.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="400" data-original-width="512" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRT2EBH7h_9LHaidcQOjAzvKxPWKwrcii32SQuJHgr79MxCjQNnSiN-5FaLjGIjJYaMWjeTcLaJaYeyTqZpcnLQQP-RSPDhvyBd-0aAhHLnIzu44m91aJhUjNTx94x8ACDlu7SSNfsH8AbLeTBGkMtzhUHXVr7wbHHwbdRTMql0wzP2pnJ7pyLFf4Z_ZQ/s320/news_vector.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-f73ec818-7fff-75c3-a6f1-825f628428db"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Leisure travel intent remains strong despite consumer spending concerns: Deloitte</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-e71416ae-7fff-9891-6c54-c45e0fb5bcf0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The latest data from Deloitte’s ConsumerSignals tracker indicates that, although Americans are concerned regarding rising prices, their leisure travel intentions remain strong. In contrast however, the economic worries of American consumers are negatively impacting spending on items such as apparel and electronics. Deloitte attributes the spending intent on travel among consumers as a signal of pent-up travel demand remaining from the pandemic. Deloitte also believes that leisure travelers may trade-off shorter trips and cheaper lodging in order to make the most of their limited travel dollars. <b><a href="https://www.hoteldive.com/news/leisure-travel-demand-deloitte/708785/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-07ff4fb4-7fff-87d1-d825-4ad5af6bdad2"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">US Airport Passenger Volume Indicates Continued Recovery in Business Travel</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-6386c541-7fff-cdd4-f220-ba80ea6fd324"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. airport passenger traffic growth to begin 2024 is an indication that business travel is continuing to recover. According to airline passenger data recorded by the Transportation Security Administration, volume has increased in the early months of 2024 and has surpassed 2023 levels in addition to pre-pandemic volumes. The TSA reported volume in January and February 2024 was 6 percent higher than in 2023 and 5 percent more than the first two months of 2019. After the holidays, as leisure traffic slows, the first months of every year are highly dependent on travel for business purposes. <b><a href="https://www.costar.com/article/1922897800/us-airport-passenger-volume-indicates-continued-recovery-in-business-travel" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-d8bffbd9-7fff-2cc1-78da-43df88caaacc"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">JLL: Urban hotel performance accelerating</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-aff32d61-7fff-6ad5-fe6e-34ba435321cd"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to JLL’s Global Estate Perspective February 2024, outlook projections for 2024 call for surging international travel to drive urban hotel performance, with Europe likely benefitting the most of all regions. There is a 90 percent correlation between urban hotel occupancy and surging inbound foreign arrivals. Gateway markets, such as London, New York and Tokyo are impacted the greatest by this correlation. The expanding urban travel demand is being driven primarily by group, corporate and inbound international travel. <b><a href="https://hotelbusiness.com/jll-urban-hotel-performance-accelerating/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ceb2b254-7fff-a346-7953-e09759599dda"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel results for week ending 24 February</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-78a2b62d-7fff-f25d-8c52-831edba833d9"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel performance recorded mixed results compared to the previous week, according to CoStar’s latest data for the week of 18-24 February 2024. Industry-wide occupancy was 62.0 percent, -3.3 percent lower than the comparable week in 2023. Average daily rate finished the week at $156.62, +0.3 percent above 2023. Revenue per available room ended the week at $97.12, which was -2.9 percent lower compared to 2023. <b><a href="https://www.hospitalitynet.org/news/4120703.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-82680971623051999762024-02-28T15:57:00.004-05:002024-02-28T16:04:05.580-05:00Hotels And The Changing Workforce<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/i6k90WpS9ZcjouEXGsKH5ZHi9mtNuU_sjAKuCsgV2vfSG05boKUkjnqB11f175VyW23paq0k-ECHG3xdCjMCftdUuL1Vt5qaX1lyof4K7BsWyJmXTEdqNMGWYhY984nFo7Ur29Qgd3lcmLrkdIZMc80" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-5af09a3c-7fff-b4d5-b57a-79e217132942"><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #666666; font-family: arial;">The global workforce has been largely transformed in the aftermath of the worldwide pandemic, a direct repercussion from which has been a lingering labor shortage in the hospitality industry. When the pandemic first struck in 2020, hoteliers had no other viable option but to lay off hotel staff as travel restrictions were imposed. As travel has returned in the ensuing years, hotels have struggled to bring the required workforce back in full capacity. This has left most hotels with many gaps in staffing, while guest expectations are certainly undiminished, if not having risen outright as demand has returned.</span></span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-40c54a2a-7fff-f10e-0174-e6e0a31819a2"><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #666666; font-family: arial;">A key driver of these issues is that individuals no longer wish to perform what many consider menial and sometimes physically taxing labor for low wages. After hotel workers originally lost their jobs when travel ceased, many found gainful employment outside the hotel industry and have no intention of returning to hospitality now or in the future. Fortunately for hoteliers some relief is available in the form of emerging automation technologies such as AI and robotics.</span></span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-4a3fe640-7fff-2f9a-6a41-5ccccdc3bda0"><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #666666; font-family: arial;">As all hoteliers are aware, there are a number of repetitive tasks required of hotel operations which take up valuable human resources. Intelligent automation technology offers hoteliers the opportunity to much better utilize their staff in a more efficient manner. Artificial intelligence using Robotic Process Automation (RPA), sometimes referred to as software robotics, can automate many facets of the hotel customer journey, including customer service, check-in, loyalty programs and even booking.</span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #666666; font-family: arial;"><span style="background-color: transparent; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">RPA uses software robots, commonly called bots, to automate specifically designated tasks within any business organization. The bots, using software scripts, essentially </span><span style="white-space-collapse: preserve;">mimic human interaction with the application user interface. This can empower hotels to automate time-consuming and tediously repetitive manual tasks formerly performed by staff, freeing them to concentrate on more important, guest-facing responsibilities.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="white-space-collapse: preserve;"><span style="color: #666666; font-family: arial;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span id="docs-internal-guid-a05f2109-7fff-92bc-d87c-020ba77a10ed"><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #666666; font-family: arial;">Artificial intelligence-powered chatbots and virtual assistants provide hoteliers with the tools needed with which to communicate directly with their guests at any time during their stay and beyond. Most significantly this can be to answer questions, or in the case of virtual assistants, furthermore offering hotel guests the services and products they are seeking, uniquely personalized just for them. This frees up the available hotel staff to perform tasks requiring more of their personal touch and abilities.</span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #666666; font-family: arial;"><br /></span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span id="docs-internal-guid-3967d746-7fff-fd5e-273b-22f31cfe8d02"><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Technology which enables hotel guests to check-in and check-out, make payments and even access their accommodations without needing to directly interact with staff members has been growing in importance for some time now. In the post-pandemic hospitality industry, contactless technology has grown even further in significance for both travelers and hotels the last few years. Implementation of this technology has become absolutely essential for hoteliers, not only for the convenience it affords travelers but the feeling of safety and security so many are seeking as well. For hotels, such technology enables them to operate more efficiently with the staff they have available at any given time.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span id="docs-internal-guid-a1792638-7fff-8142-23e5-da93af150500"><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Beyond having the capability to facilitate contactless services themselves, robotic technology can also offer guests effective digital concierge services, make room service and luggage deliveries, and even perform certain specific housekeeping tasks. Driven forward by the pandemic, robotics technology has begun to catch on in both hotels and restaurants as well. Going forward, short-staffed hotels can effectively leverage intelligent automation in order to fill the shoes of missing personnel, while actually improving the hotel guest experience and satisfaction.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span id="docs-internal-guid-a8e6dc02-7fff-0e0c-2497-3cdadd77ab8d"><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span id="docs-internal-guid-5f6dac24-7fff-c10b-30fc-4183ceb3c340"><span face="Arial, sans-serif" style="color: #666666; font-family: arial; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span><span face="Arial, sans-serif" style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span id="docs-internal-guid-7b9277ae-7fff-fb15-eebc-327f9d0f6e7e"><span face="Arial, sans-serif" style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span face="Arial, sans-serif" style="color: black; 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margin-bottom: 0pt; margin-top: 0pt;"><span><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="font-family: arial;"><br /></span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="text-align: justify;"><span><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><br /></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-35142494270549141332024-02-23T17:13:00.004-05:002024-02-23T17:13:55.345-05:00Hospitality News For The Week Of 2/23/24<p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYCUMM_w65bFJBi8P-QDfeYji05kyfFcNmPHvJ05DuDRp-vAHv2BTE6gCVvbKCA-KjXHYhFH58ZtfC7LnIK08ibwQih9ZWxkWdpV1SWs6vbO8pliRSGlxgTRUuNUhoH4MAsTzOIINmeMtG7jsFHvTmO7zPbIpq1HtY_CwOv-iPxcKCjW7AxyjFgFM48S8/s3984/News%20photo3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2656" data-original-width="3984" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYCUMM_w65bFJBi8P-QDfeYji05kyfFcNmPHvJ05DuDRp-vAHv2BTE6gCVvbKCA-KjXHYhFH58ZtfC7LnIK08ibwQih9ZWxkWdpV1SWs6vbO8pliRSGlxgTRUuNUhoH4MAsTzOIINmeMtG7jsFHvTmO7zPbIpq1HtY_CwOv-iPxcKCjW7AxyjFgFM48S8/s320/News%20photo3.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-1c18844b-7fff-ab83-3416-0876b8d1766e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Las Vegas hotels broke continental U.S. record for Saturday and Sunday ADR</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-c5777dde-7fff-e058-38e3-44c6792b2c4d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The recently held Super Bowl LVIII in Las Vegas produced hotel performance which was unprecedented, not only for a Super Bowl weekend, but the highest average daily rates (ADR) for any weekend in history. The Las Vegas Super Bowl weekend easily surpassed records previously held by Miami for the Championship game in 2020. Las Vegas achieved the highest Saturday ADR ($758) and the highest Sunday ADR ($808) as well for the continental U.S. (excluding) in history. <b><a href="https://www.hospitalitynet.org/news/4120580.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-a7d9cee7-7fff-8441-87eb-1ec5b2c32e3d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Report: Privacy ranks as top hotel AI adoption concern</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9503d173-7fff-ba16-2f33-8d83c475aa44"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A recent report by SOCi Inc., the AI Marketing Transformation Index, Part IV, the top concern, in regards to the adoption of artificial intelligence (AI) for hotels, of U.S. digital marketing professionals is privacy. Of the study participants, 52 percent cited their concerns for privacy regarding AI in marketing. 46 percent reported that their most concerning issue was a “over-dependence on technology”, 41 percent were concerned with “making data ‘AI-ready’” and 36 percent expressed concern of “AI potentially replacing my role”. A further 35 percent included integration with current systems in their concerns and 30 percent want to be ensured of their return on investment. <b><a href="https://hotelbusiness.com/report-privacy-ranks-as-top-hotel-ai-adoption-concern/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-eeca4d56-7fff-b417-1c77-d99cc4254ae4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">American Express Global Business Travel Asks 4 Key Questions for Corporate Travel in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-447a9cc8-7fff-1eb5-6f56-9070d1e51394"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Growth continued for managed travel and meetings in 2023 and it is expected that 2024 will bring new challenges and opportunities for the sector. The Consulting team at American Express Global Business Travel (Amex GBT) asked 4 Key Questions for Corporate Travel in 2024, highlighting trends shaping the industry. Takeaways from the report include the expectation that hotel and air prices will be impacted by demand, staffing, and economic conditions during the next 12 months. AI was the most discussed technology in 2023 and is already at work for the industry, with its potential only beginning to be leveraged. <b><a href="https://www.hotelnewsresource.com/article130327.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-b9cc5ba7-7fff-eba8-3639-213d4110ef2c"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Las Vegas Hotel Rate Growth Boosts US Weekly Hotel Performance</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-1bb93eba-7fff-2a9a-dba3-1d051662bbc3"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to the latest data from CoStar for the week of February 11-17, 2024, U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed. Industry-wide occupancy for the week was 59.2 percent, -2.5 percent lower than the comparable week in 2023. Average daily rate finished the week at $162.24, +4.2 percent higher than in 2023. Revenue per available room was $96.10 by the end of the week, +1.6 percent above the same week in 2023. <b><a href="https://www.costar.com/article/225599173/las-vegas-hotel-rate-growth-boosts-us-weekly-hotel-performance" target="_blank">Full Story Here:</a></b></span></span></div><br /> <p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-78087129057208424352024-02-16T14:58:00.004-05:002024-02-16T14:58:50.932-05:00Hospitality News For The Week Of 2/16/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT6j4_ntjPGcwDEkvhHNExaHADTey1Njqkjf1Ao02ZNvSDwJFTHkKM_0yZaDdqoWsuhPkrNiyYShFVxebEp2eNyR7Qp8soOcpVzYgCTOc3_3qtPcIUiFkZRyykxqu-RwgrfZfJjtstILitamj2k52z72lkHks5gCwCxF9LfDVWSpA_67taZsdI8p_pDNA/s1200/News2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="1200" height="133" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT6j4_ntjPGcwDEkvhHNExaHADTey1Njqkjf1Ao02ZNvSDwJFTHkKM_0yZaDdqoWsuhPkrNiyYShFVxebEp2eNyR7Qp8soOcpVzYgCTOc3_3qtPcIUiFkZRyykxqu-RwgrfZfJjtstILitamj2k52z72lkHks5gCwCxF9LfDVWSpA_67taZsdI8p_pDNA/s320/News2.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-8a81a031-7fff-120e-90c0-9b3ba939a2cc"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">CBRE expects 2024 RevPAR growth</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ddcd47a6-7fff-457e-9740-53eb2c0fcf5e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to the latest projections from CBRE, hotel revenue per available room (RevPAR) is forecast to continue to steadily grow in 2024. The growth is being driven by the improvement of group business, inbound international travel and greater demand from the traditional transient business sector. CBRE is forecasting a 3 percent increase in RevPAR growth in 2024, while occupancy is expected to improve by 45 basis-point (bps) and Average daily rate (ADR) increasing by 2.3 percent over the year. CBRE’s forecast is based on an anticipated GDP growth of 1.6 percent and average inflation of 2.5 percent in 2024. <b><a href="https://hotelbusiness.com/cbre-expects-2024-revpar-growth/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-5929b9b8-7fff-0c57-674c-84093b5dcd03"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">61% of Consumers will spend more for personalized experiences</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9a2456c6-7fff-46fb-d86a-279bed1dc620"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Research company Medallia conducted a recent study of 1,749 hotel guests and 1,905 retail consumers and found a strong correlation between personalization and overall satisfaction. The research validates earlier research indicating that 61 percent of consumers are willing to spend more with companies which offer a customized experience. The study also points to the fact that hotel brands have significant opportunities to improve and capture a greater share of revenue. Medallia found that only 23 percent of consumers report they have experienced high levels of personalization after a recent hotel stay. <b><a href="https://www.hotelmanagement.net/data-trends/61-consumers-will-spend-more-personalized-experiences" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-a64ae676-7fff-ed40-7e5c-ea18de9e9a74"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2024 Total Solar Eclipse: How will the hotel performance impact stack up to 2017?</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-fab6dcc2-7fff-2770-43fb-bc7d4a6bd519"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A Total Solar Eclipse will pass over cities across North America in early-April 2024, driving an influx of spectators who will need overnight accommodations. This will accordingly mean a lift in hotel performance on the horizon once again. There are several key differences from the last Total Eclipse in 2017. The duration of totality will be nearly double that of the 2017 eclipse, with the number of spectators expected to increase. The 2024 eclipse will also reach larger hotel markets than in 2017. Also this year there is a major holiday in the year-over-year comparison that will provide added lift to the increase. <b><a href="https://www.hospitalitynet.org/news/4120459.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ce348c8a-7fff-d6df-219c-ca2dd01f060a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Rate Surge Propels US Hotels Through Super Bowl Weekend</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-e1f0a6d3-7fff-22c0-69f5-5b4ef2514ecb"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">CoStar’s latest data for the week of February 4-10, 2024 reports U.S. hotel performance increased from the previous week, while year-over-year comparisons remain mixed. Industry-wide occupancy was 56.2 percent for the week, down by -2.7 percent from the comparable week in 2023. Average daily rate was $160.96 as the week finished, +6.8 percent above 2023. Revenue per available room ended the week at $90.40, +3.9 percent higher than in 2023. <b><a href="https://www.costar.com/article/1009710370/rate-surge-propels-us-hotels-through-super-bowl-weekend" target="_blank">Full Story Here:</a></b></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-49564714879931208302024-02-14T10:14:00.002-05:002024-02-14T10:14:28.216-05:00Hotel Storytelling Marketing<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/QLADosM5HRI-z30wEk1ZVcy3qm7uZ_A43tNUH_mdX9I7ejxXq_OZYqYrwT5sGusXZf7jjib7oDZ74Fe0BE55VbCDp5xLXwrvgrNobzZOSOrWoal_VCK3-sq4KfdDKt4RALwWywBIzPJ_h7bduNbN2E0" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-156047be-7fff-0f8c-02a0-bdae4d31f87f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">There has been much talk in recent years within the travel industry in general and, more specifically, hotels regarding the concept of experience. Unfortunately for hoteliers, the promise of a memorably unique and highly personalized guest hotel stay oftentimes still remains unfulfilled when the guest checks out. Mired in the sands of uniformity, much of the hospitality industry is struggling to stand apart from the crowd in the travel space.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-b591d7b5-7fff-45ce-3c1f-f636f79ffb13"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">There has never been a time when taking a step back to reflect upon what comprises the true nature of a particular hotel property, and effectively articulating that through brand storytelling, is more crucial than now. Without making that effort, many hotels will continue to struggle to gain preference among travelers because they lack differentiation within the crowded field of their market.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-672bd387-7fff-7b61-c163-f6f0eb73d54b"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">To begin and facilitate the process it is necessary to fully understand the guests who choose to book and stay at the hotel, in order to know for whom the story is being composed. All hotels have their core guests, whether families with children, vacationing couples, or business travelers, among others. Identifying and focusing reflection on what motivates these core guests to choose to stay at the hotel will help to gain an understanding of them and their expectations for a hotel brand. Once clearly identified, highly targeted and consistent brand messaging can present to customers the story the hotel property wishes to convey.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-d35af34b-7fff-baba-6bc8-98879c97e515"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The expectations of hotel customers are higher than ever before. It is imperative for hoteliers to deliver a unique experience to each of their guests, not only on-property but off-property as well. Providing a personalized guest experience to the customer is vital for hotels in today’s challenging economy with travelers having a myriad of choices. The overwhelming majority of consumers prefer to patronize brands which appreciate them as individuals enough to present them with relevant offerings and recommendations, while remembering their preferences.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-eabe36cb-7fff-f3eb-990f-3303055e6f26"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Hotel marketers can no longer present travelers with cookie cutter content designed to appeal to all customers. The key to winning over today’s traveler is to know the demographics of the hotel’s different guests and shaping content and creating offers around that information. For example, what may be a compelling story to a leisure traveler will rarely have any significance to the business traveler. But creating content which is structured and presented in such a way as to appeal to the tastes of specific hotel guest segments requires much deeper demographic knowledge of hotel customers.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-0d411e20-7fff-2e61-4ada-12eda90b2777"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The utilization of user-generated content by a hotel to tell the story of the guest experience being offered can be an extremely effective technique. It allows the guests themselves to weave their story into the hotel’s narrative of the experiences being suggested to potential guests. Social media channels, and both brand and local tourism websites and even reviews are all platforms from which hotels of any size can leverage to share their stories of the hotel guest experience with the help of their past guests.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-a6e03edf-7fff-790f-cd49-42c946ca6bb5"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Social media networks are where a hotel brand of any size can gain the most traction from its experience curation efforts. Influencers with large social followings can have a tremendously positive impact upon the story being told by the property, as can the reviews on social media of all past guests. Across all social channels, highly beneficial user-generated content can be encouraged by travel brands which are truly engaged and responsive to their audience across social media.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-83247edb-7fff-caf7-559b-3efc32e16d35"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Building relationships by communicating with hotel guests and prospects is growing steadily in importance in the furthering of hotel brand awareness and offering travelers compelling hotel property storytelling. Direct engagement between the brand and its guests, beyond reviews, can be accomplished by requesting guests to share interesting travel tales, fond memories and especially their treasured photos from their stay and the experiences they had on their trip.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-d43ce087-7fff-18aa-c66b-f0d08e6ef395"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">In effectively composing the story of the hotel’s guest experience, the central theme should always be the hotel and its surroundings as a destination to entice future guests with what awaits them. Sharing any content which captures the unique charm or character of the hotel property in particular is notably effective in bolstering the hotel’s story as well.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-7c1daa9f-7fff-6b56-147c-aae460a5d110"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-aa936ac5-7fff-0e1d-9dcb-0295e2c6accf"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-3451b389-7fff-3ea1-6215-422204080b40"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a></span></p><p style="text-align: justify;"><br /></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-85391662935234946632024-02-09T17:17:00.000-05:002024-02-09T17:17:19.211-05:00Hospitality News For The Week Of 2/9/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPK34ilmbuC1dewdfu98EBif72utl4mynqvkanj0ylIl8BnLuLFTdDW5JjCBVqK7xvrX4Y6MMNi37t1vvCOiFxxGdjZHr40umfQ5KVDtC-UZbRsGzsIjWChtU3B3sZAgidTgpyybY0pDAaei9JRtylOmM_tOAjiEdyF6x0LyLG07Ouw6YbfRzoRS9WltY/s1000/News1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="667" data-original-width="1000" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPK34ilmbuC1dewdfu98EBif72utl4mynqvkanj0ylIl8BnLuLFTdDW5JjCBVqK7xvrX4Y6MMNi37t1vvCOiFxxGdjZHr40umfQ5KVDtC-UZbRsGzsIjWChtU3B3sZAgidTgpyybY0pDAaei9JRtylOmM_tOAjiEdyF6x0LyLG07Ouw6YbfRzoRS9WltY/s320/News1.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-0f47ee00-7fff-c167-cb10-d74de2440d2f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Super Bowl LVIII Already a Win for Las Vegas Hotels</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-d9325d3e-7fff-10f6-4774-3a9641a204ca"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Super Bowl LVIII will be played this upcoming Sunday, February 11, 2024 at Allegiant Stadium, just south of the Las Vegas Strip in Paradise, Nevada. Hotel rates in Las Vegas are forecast to average $573 this weekend, which would set a new record for Super Bowl weekend average daily rate for hotels. The current record for Super Bowl ADR, $559, was set by Miami which hosted the event in 2020, featuring a matchup of the same two teams, the Kansas City Chiefs and the San Francisco 49ers. The city of Las Vegas has the largest room inventory in the U.S., and the Las Vegas Strip features the largest sub-market with 107,223 rooms. <b><a href="https://www.costar.com/article/953704821/super-bowl-lviii-already-a-win-for-las-vegas-hotels" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-396d8b72-7fff-1931-d836-20ce7a6d9761"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">STR: Group business drives U.S. hotel profitability</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-227f196b-7fff-6888-de03-500a6b435dea"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to profit and loss data from CoStar, improving group business across the top 25 markets and upper-upscale chains drove growth in U.S. hotel revenues and profits in 2023. Gross operating profit per available room was $75.83 for the year, a +8.2 percent increase from 2022. Total revenue per available room ended the year at $211.49, +9.6 percent higher than in 2022. Earnings before interest, income tax, depreciation and amortization per available room was +7.6 percent more than 2022 at $53.05. Labor costs per available room rose by +13.2 percent from 2022 at $71.56. <b><a href="https://www.hotelmanagement.net/data-trends/str-group-business-drives-us-hotel-profitability" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-cd08b97e-7fff-0952-f013-66a675e9b599"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Report: TikTok inspires student travelers</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-abbd40ad-7fff-8771-7f0b-3d198a40e054"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The annual report, “The State of Student & Youth Travel Report” was released by StudentUniverse, analyzing the travel sentiments among those aged 18-25. The report reveals trends among Gen Z travelers including the impact of TikTok on their travel decisions, the preference for “dry vacations” and their concern for the environment which drives some to choose to completely abstain from air travel. 88 percent of those surveyed indicated they are active on TikTok and 60 percent report that they turn to the platform as their first choice for travel inspiration. <b><a href="https://hotelbusiness.com/report-tiktok-inspires-student-travelers/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-25b398a5-7fff-b21d-e8e4-f19cfe1e6aea"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel results for week ending 3 February</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-6ff45fd8-7fff-1dc4-9e94-e8ad8a9d67b4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">There was a slight decrease in U.S. hotel performance from the previous week, while year-over-year comparisons remained mixed, according to the latest data from CoStar for the week of 28 January through 3 February 2024. Industry-wide occupancy was 55.2 percent for the week, down slightly by -0.1 percent from the comparable week in 2023. Average daily rate was up +1.9 percent from 2023 for the week at $147.99. Revenue per available room ended the week at $81.69, +1.7 percent above the same week in 2023. <b><a href="https://www.hospitalitynet.org/news/4120342.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-82403049459497631752024-02-07T14:50:00.000-05:002024-02-07T14:49:59.997-05:002024 Travel Destination Trends<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/Jo54xlgp2bLfnPzXkNJhlpddQo617aw97GnHV43NF2Y0fMjn6Anfci_qohODJGZJpkU4UQ0v1ac0misd96SkpNPu45WWpte1Ev6BsZK_kgOeKisbgRhmmiWA30oEh1ZV8H_f66jJDdW4l1GNbGrQ89vf8JFx26R5I4-lPa_Gst0WGAtLj_uE1eOAP4Xi6A" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-3493a130-7fff-0853-77eb-bcd6261167e2"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">With a new year, we turn our attention to what travel possibilities it will bring and focus on which destinations will be most popular with the traveling public. Several research surveys have found some of the most popular and trending destinations for travel in the year to come. These are summed up best in these overall themes influencing travel booking decisions for 2024, and are largely being driven by the youngest of travelers from the Millennial Generation and Gen Z. Among the top most inspirational trends for 2024 are “destination dupes,” “dry-tripping,” “tour tourism” or “gig tripping,” and “go-ccasions.”</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-786d5650-7fff-828e-258a-aacfc659eaec"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Trend-setting travelers in 2024 are seeking new experiences away from the well-trodden, more traditional and established destinations. “Destination dupes” are locations which are attractive alternatives to the most popular places to vacation. Sometimes these destinations are more affordable and much less crowded than the locales for which they are substituting. Dupes offer travelers excitingly fresh experiences, while they are often just as completely charming as the most heavily traveled destinations. A few examples of currently popular dupes include Pattaya, Thailand as a dupe for Bangkok; Paros, Greece duping for Santorini; and Perth, Australia as a dupe for Sydney.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-10b97b9d-7fff-c6fd-04a1-52e90b5335e8"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">“Dry-tripping” takes the concept of Dry January or Sober October a step further to a year-round way of living of no alcohol or very little at most. Some hotels have accordingly begun stocking minibars with alcohol free options. The alcohol-free lifestyle is largely being driven by Gen Z travelers, many of whom are actively practicing a life of sobriety. According to research from Expedia, 40 percent of travelers are likely to embark on a detox trip. A further half of those travelers are interested in booking hotels which offer alcohol-free beverage options.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-74470ccf-7fff-1448-81a3-53bb0b7719b3"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Many of 2024’s travel destination trends are motivated by saving money, and “tour tourism,” also known as “gig tripping,” is largely budget-related travel. Concert fans in the U.S. are traveling away from their hometowns, and frequently to other countries, to enjoy concerts by their favorite pop music performers. Particularly in the U.S. concert tickets have become extremely expensive and hard to find for a number of reasons. Tour tourists buy concert tickets in other destinations and make a vacation out of the trip, while enjoying less expensive tickets which are easier to find as well.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-f9b0895b-7fff-6473-48e8-09ea7323a0bb"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">People love traveling so much that they will even create occasions and come up with any reason in which to take a trip somewhere, anywhere with family and friends. “Go-ccasions” are the result of travel lovers making any excuse to take a getaway trip. Some examples include a new job, lost job, jobiversary, friendiversary, puppiversary, first-date-iversaries, etc. In 2024 people will travel for any and all possible reasons because they are passionate about experiencing the world around them.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-83fca6bc-7fff-0665-2286-f06bfdcfc8ee"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Expedia reports their top ten destinations for 2024 are as follows: Thailand; Romania; Malta; Paris; Scottish Highlands; London, Bath, and Windsor, U.K.; South Korea; Florida Keys; Australia; Greece.</span></span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: 700; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></p><p style="text-align: justify;"><span id="docs-internal-guid-52f3e582-7fff-016e-e489-62bbc8ef90c5"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-38459876-7fff-3969-c64f-9af1af8749e0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-61903258452383282182024-02-02T14:59:00.002-05:002024-02-02T14:59:24.808-05:00Hospitality News For The Week Of 2/2/24<p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF8qY0hQciyZA8VYgDmEgPvrpbFDOHYq2y3OHtreZfuH9t0VoVmutObZxG1EO5DbOXxI33XQAN4VjcVK8KgCNuwJ7KAyOnOpATy1Euyq5unfBX0Ls1BRHUsQtAI-EU2wnB0xhDt35G6CMJwr86X4aZO4T2UnNNgB_RqmCm0lgX4nY-IVPNGdPZV36Jb5k/s5669/News%20Essentials.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="3779" data-original-width="5669" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF8qY0hQciyZA8VYgDmEgPvrpbFDOHYq2y3OHtreZfuH9t0VoVmutObZxG1EO5DbOXxI33XQAN4VjcVK8KgCNuwJ7KAyOnOpATy1Euyq5unfBX0Ls1BRHUsQtAI-EU2wnB0xhDt35G6CMJwr86X4aZO4T2UnNNgB_RqmCm0lgX4nY-IVPNGdPZV36Jb5k/s320/News%20Essentials.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-4b4f79bf-7fff-b133-c7ca-45e3625d275a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Hospitality Industry Should Fare Better Than US Economy in 2024, Analysts Say</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-48ecbfad-7fff-8be7-844e-9fd76fd09d48"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Demand has been recovering for the hotel industry, despite the slowing down of rate growth to reach a more normal pace. According to industry analysts from STR and Kalibri Labs at the Americas Lodging Investment Summit, the U.S. hotel industry ended 2023 with record highs in average daily rate and revenue per available room. The economy overall has held up better than expected, but will experience a slowdown to some degree this year. It is expected that the travel economy will fare much better than the general economy in the U.S. during 2024. The reason specified by analysts is that the employment level of college-educated professionals is growing and the number of households earning $100,000 or more is expected to grow 3 percent in 2024 and 2025. <b><a href="https://www.costar.com/article/1409644574/hospitality-industry-should-fare-better-than-us-economy-in-2024-analysts-say" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-3f570c63-7fff-a104-4be3-332bcd5229c4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">AHLA: Americans to maintain, increase hotel stays in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-8fb48684-7fff-f900-b8ff-27a466a35ce6"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to a survey commissioned by the American Hotel & Lodging Association and conducted by Morning Consult, 72 percent of Americans are planning to either maintain or increase the number of hotel stays in 2024 compared to 2023. The survey also found that among likely travelers, hotels remain the top lodging choice. Key findings include 51 percent of respondents said they are likely to travel overnight for a family trip in the next four months, with 39 percent reporting they will likely stay in a hotel. 38 percent are likely to take an overnight romantic getaway trip, with 60 percent of those likely to stay in a hotel. <b><a href="https://www.hotelmanagement.net/data-trends/ahla-americans-maintain-increase-hotel-stays-2024" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-cc812940-7fff-508b-d874-b95014e0541f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">GBTA poll: Strong but challenging ’24 for business travel</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-d6fd97a1-7fff-7b15-7fbd-0a0c43408f9e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The latest Business Travel Outlook Poll, conducted by the Global Business Travel Association (GBTA) has found that nearly 60 percent of travel buyers are expecting more travel this year, with two-thirds anticipating business travel spending to increase in 2024. Among their top concerns in this coming year are rising travel costs, economic uncertainties, lagging corporate budgets and travel disruptions. Nearly half of the responding travel buyers reported that the adoption of remote and hybrid workplace models has led them to revamp their travel policies and programs for their employees. <b><a href="https://hotelbusiness.com/gbta-poll-strong-but-challenging-24-for-business-travel/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-1afa7eac-7fff-6767-0427-2617901648c0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Hotel Performance for Week Ending January 27th</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-17b2fa0d-7fff-2bd0-854a-ad6dc8b810b9"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">While year-over-year comparisons remained mixed, U.S. hotel performance increased from the previous week, according to CoStar’s latest data for the week of 21-27 January 2024. Industry-wide occupancy was 56.3 percent for the week, down by -0.3 percent from the comparable week in 2023. Average daily rate finished the week at $149.76, +5.1 percent higher than in 2023. Revenue per available room finished the week +4.8 percent higher than in 2023, at $84.13 for the week. <b><a href="https://www.hotelnewsresource.com/article130048.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><br /> <p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-4598149050345952782024-01-29T15:16:00.000-05:002024-01-29T15:16:35.105-05:00 Conversational Commerce For Hotels<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/9Ud4kpnGxMbbQNS729A9vzUucgWKEPCwKTxtUoxC-hWXEyOh7ekbLneaVK1N8EDzf8gtjqtQGUqdBKU3c7_ffQMsnOyCPdDNHZCwMvWiWW-p9DPQFd2kczbMXgLXcakHHiN5BMizc4vkYuJhUiarxdw" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-051263a2-7fff-9350-0344-8c0d133a05ff"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Transformational changes have been taking place within the hospitality industry in recent years and continue to do so today. The adoption and implementation by hotels of technologies such as cloud computing and IoT for example have profoundly impacted the industry for the better, providing greatly improved guest satisfaction and operational efficiency for hoteliers. The arrival of Generative AI technology promises to do so as well. Applied to hotel guest communications, conversational commerce chatbots powered by Generative AI offer a revolutionary experience for both travelers and hotels going forward.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-691958c4-7fff-b275-3e1a-0ba3fd4477e1"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Featuring natural language processing and machine learning capabilities, Generative AI-driven conversational chatbots can provide hotel guests with instantaneous customer service in multiple languages. With around the clock availability, long wait times for human interaction are in the past. Hotel guests can instantly receive answers to a host of travel-related inquiries in addition to commonly asked hotel room availability questions, check-out times, or making additional ancillary service requests, and receiving local recommendations.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-cf2a3b2e-7fff-0398-069b-2926eeda8840"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Generative AI-powered chatbots are capable of completely managing nearly every aspect of a hotel guest’s stay, from booking and arrival on-property and checking in to check out and beyond. The learning ability of chatbots aids them in more effectively leveraging direct bookings. Chatbots driven by Generative Artificial Intelligence and machine learning can handle complex tasks, particularly in regards to elevating the guest experience and providing improved customer personalization. Chatbots empowered by Generative AI have the ability to analyze the preferences of guests and offer recommendations which are custom fit to the individual.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-18422b9c-7fff-bc0c-2b61-d4e612aaa65b"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Hotel service efficiency levels can be vastly improved as well with generative AI. This can be achieved with the analysis of trends impacting which hotel services guests are utilizing, and which ones they are not or are being under-utilized. In this way precious hotel staff resources may be more effectively employed and not squandered on little-used services. Additionally, hotel marketing is being revolutionized in this same manner with aggregate data empowered artificial intelligence. It is crucial for any hotel to truly understand their guests, so their needs, wants and desires can be accurately predicted in advance. AI technology can also assist hotel marketers in identifying which customers offer hotels the highest long-term value. The creation of personalized marketing messages may then be created to reach the right customers in a timely fashion.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-36c8340a-7fff-205a-f80e-ca55269c5ff1"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">An often cited reason given by hoteliers for not implementing chatbots into their guest services is that hospitality is by definition all about personal contact. However, chatbots should not be viewed as impersonal, but rather they empower the possibilities for hotels to deliver the opposite. Chatbots enable hotel staff to devote more time to delivering a highly personal experience for guests. By answering the most basic and repetitive requests, a chatbot can help get hotel staff out from behind their desks and allow them to be more accessible to their guests.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-b868db68-7fff-9054-411f-916ba3d083e8"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Users always have an opportunity to escalate their request to a live human staff member if they feel they are not being given a satisfactory response from the chatbot. However, in most cases the guest seeking answers to simple questions will find the chatbot more than adequate for their needs. Particularly regarding younger travelers, many 21st Century hotel guests would prefer to make an inquiry of a chatbot as opposed to calling down to the front desk for their request.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-32bd695b-7fff-ced9-0e25-5d048b85e9bc"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Going forward, as AI powered chatbots gain experience through machine learning, this technology offers exciting possibilities for hoteliers to engage in conversational commerce with their guests. Yet another technology fueled tool at the disposal of hotels in order to earn and keep continued guest brand loyalty.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-3315800a-7fff-2c59-1428-82070bef3ee5"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-aec164e3-7fff-60f1-714a-aa7fc3f48b08"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-0cc1ff82-7fff-9417-6843-4ddaac9f5ffd"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information: AboveProperty.com</span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-78033084947489850432024-01-26T14:40:00.001-05:002024-01-26T14:40:25.191-05:00Hospitality News For The Week Of 1/26/23<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEsflVuBT6ffGp2ISFDitnOYep0LKN_jlzGgTgGL210HgjV7oTfRjDSXG9Wq0TpEI6IQs7588xWmLKwNCtNmhD_kAgXe5J8IyaNwz3uBLaNICm4PBZTby4rC18qR1szJWiwUa55gM2AzXKWlB3-7oF-XxoT_-s9mxgsskr98gUa5uB3E4P6o19mqUCY9Y/s250/shiny_news_64px.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="250" data-original-width="250" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEsflVuBT6ffGp2ISFDitnOYep0LKN_jlzGgTgGL210HgjV7oTfRjDSXG9Wq0TpEI6IQs7588xWmLKwNCtNmhD_kAgXe5J8IyaNwz3uBLaNICm4PBZTby4rC18qR1szJWiwUa55gM2AzXKWlB3-7oF-XxoT_-s9mxgsskr98gUa5uB3E4P6o19mqUCY9Y/s1600/shiny_news_64px.png" width="250" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-c4ff8434-7fff-cb94-02f7-76be8177cc0e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Amadeus and UN Tourism Report Finds Positive Trends for Hospitality in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-30791e18-7fff-7dbe-e7ba-c90c74bf4505"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A newly released collaborative report by Amadeus and UN Tourism indicates positive trends for air travel and hospitality in the Americas at the beginning of 2024. The report, called the “Travel Insights 2024: Focus on the Americas” found that the travel industry in the Americas region is prepared for a strong start for the beginning of 2024. Compared to the first four months of 2023, air capacity is up by 20 percent in the region. The research data shows that North America is capturing the greatest volume across the subregions, with New York, Cancun, and Los Angeles leading the list of the most searched for destinations. <b><a href="https://lodgingmagazine.com/amadeus-and-un-tourism-report-finds-positive-trends-for-hospitality-in-2024/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-e706a72f-7fff-a01c-ca06-82b786a1c6f4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">STR, TE release first 2024 U.S. hotel forecast</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-6416f2a9-7fff-1fb4-b300-4a421ff1ddc2"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">STR and Tourism Economics have released the first U.S. hotel forecast of 2024 at the Americas Lodging Investment Summit, making only minor adjustments to growth projections. Projected growth in 2024 for average daily rate increased by 0.1 percent, while occupancy and revenue per available projections remained unchanged. Solid travel fundamentals and a big year for group business in 2023 resulted in U.S. ADR and RevPAR reaching record highs last year. STR expects to see continued growth as the fundamentals remain more favorable for the travel economy in the U.S. <b><a href="https://www.hotelmanagement.net/operate/str-te-maintain-projections-first-2024-us-hotel-forecast" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-90a2dcc9-7fff-75b3-1008-3fd00f07e3d0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Group Revenue Recovery in Q4 Hits 110 Percent</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-b55e7d4d-7fff-1d7a-89b4-81f24b61d61d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The Hospitality Group and Business Performance Index was released this week by Knowland and Amadeus. The index reports that the fourth quarter of 2023 demonstrated that group business in 10 of the top U.S. markets recovered 110 percent compared to the same period in 2019. The data for Q4 shows that the top 20 markets have reached 100 percent of 2019, with ten of those attaining 110 percent or more. The top three were Las Vegas at 144.1 percent, Phoenix 123.9 percent, and San Diego 122.5 percent of 2019’s performance. <b><a href="https://www.hotelnewsresource.com/article129963.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-7535ce0f-7fff-8475-2592-480c56a00772"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel results for week ending 20 January</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ecdc70e4-7fff-5053-42b1-b4c888a99aa9"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to CoStar’s latest data for the week of 14 through 20 January 2024, U.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed. Industry-wide occupancy was 52.2 percent for the week, down -3.8 percent from the comparable week in 2023. Average daily rate was +1.6 percent higher than in 2023, finishing the week at $142.27. Revenue per available room ended the week at $74.31, -2.2 percent lower than in 2023. <b><a href="https://www.hospitalitynet.org/news/4120114.html" target="_blank">Full Story Here:</a></b></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-58903616485970013192024-01-19T13:32:00.005-05:002024-01-19T13:32:49.989-05:00Hospitality News For The Week Of 1/19/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaMqNnvhl8O5m7tDln6ByYuZdsd_AjYUDNm2ENpzncJYKQI1h3QKD1YAY7kpXr3z7WclPiFo-79hquF4RQz_ukSHytqJ_nYweO4Ccp3qQk-agy50kQ1YVxrrjSBIC1vKmNy5wdqn75jXfniyRBHcLPnLEpKzbJhIGejji_vcjNClXwgbA7YqmNbz0JklY/s4523/Business%20News.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2996" data-original-width="4523" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaMqNnvhl8O5m7tDln6ByYuZdsd_AjYUDNm2ENpzncJYKQI1h3QKD1YAY7kpXr3z7WclPiFo-79hquF4RQz_ukSHytqJ_nYweO4Ccp3qQk-agy50kQ1YVxrrjSBIC1vKmNy5wdqn75jXfniyRBHcLPnLEpKzbJhIGejji_vcjNClXwgbA7YqmNbz0JklY/s320/Business%20News.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-1104b53a-7fff-a539-5187-6d128ac9eec8"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">US Hotels Posted Record-High Average Daily Rate, Revenue per Available Room in 2023</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-756dbb90-7fff-e1af-b246-95e98dc85b80"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to 2023 data from CoStar, the U.S. hotel industry posted its highest level of average daily rate (ADR) and revenue per available room (RevPAR) ever recorded. For the year of 2023 industry-wide occupancy was 63 percent for the year, +0.6 percent higher than that recorded in 2022. Average daily rate for 2023 was $155.62, a +4.3 percent increase from 2022. Revenue per available room was $97.97 for the year, +4.9 percent above that posted for the year of 2022. <b><a href="https://www.costar.com/article/2000387758/us-hotels-posted-record-high-average-daily-rate-revenue-per-available-room-in-2023" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-5a90d3cf-7fff-a7f3-2a0f-076fc1982679"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">International Tourism to Reach Pre-Pandemic Levels in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9a08c68f-7fff-e1f2-509c-a0597bacc64d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The United Nations World Tourism Organization (UNWTO) recently released its first World Tourism Barometer of the year, reporting that international tourism ended 2023 at 88 percent of pre-pandemic levels. It is estimated that 1.3 billion international arrivals occurred in 2023. The UNWTO expects that international travel will reach a full recovery by the end of 2024. The global value of international tourism reached US$ 1.4 trillion in 2023 according to preliminary estimates, approximately 93 percent of the USD 1.5 trillion earned by destinations in 2019. <b><a href="https://www.hospitalitynet.org/news/4120009.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-5b447df6-7fff-96bf-c0e7-d9fa5fe76678"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Americans Are Heading for These Sunny Escapes This Valentine’s Day</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-00b10d6f-7fff-eff0-4083-c93867aa05d8"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Allianz Partners USA released its ‘Top Valentine’s Day Destinations' report recently, noting a surge in demand for overseas travel for the romantic holiday. The report found a four percent increase for international trip bookings so far in 2024. The report also found a substantial 15 percent overall rise in searches for Valentine’s Day travel, in comparison with last year. The top destination choices for romantic getaways are largely sunny and warm locales such as Orlando, Miami and Fort Lauderdale in Florida, along with Phoenix, Las Vegas, New Orleans, Salt Lake City, Honolulu, Fort Myers, and Los Angeles. <b><a href="https://www.travelpulse.com/news/destinations/americans-are-heading-for-these-sunny-escapes-this-valentines-day" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-703d9ab9-7fff-bbf4-b6bb-dd841693b358"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Hotel Performance for Week Ending January 13th</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-30abc2b6-7fff-fa83-acb0-d5668f62fd66"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel performance increased from the previous week, while year-over-year comparisons were mixed for the week of 7-13 January 2024. According to the latest data from CoStar, industry-wide occupancy was 53.3 for the week, down by -2.8 percent from the comparable week in 2023. Average daily rate finished the week at $153.84, which was +6.3 percent higher than in 2023. Revenue per available room ended the week +3.3 percent above 2023 at $81.96. <b><a href="https://www.hotelnewsresource.com/article129880.html" target="_blank">Full Story Here:</a></b></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-34083295203080850252024-01-12T14:17:00.003-05:002024-01-12T14:17:08.688-05:00Hospitality News For The Week Of 1/12/24<p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZcxM3KDEFOHkzH2q0H9ua_-hjfGtghDHw12HPKlyIzyAUcSOUqkEyI8OmSaOck_6vCAf8lo_jMAhMrlWN3j-7pnAu686fPLuXEBUKF3CUfLh0JlBvl-ITyBKbbAKx91Wu7QWA_aff1csKhk_PQYZy3KL1rsr4LKTxJRjgVkmFDMxOQCRDW7PFxvT64lo/s320/Coffee%20News.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="320" data-original-width="213" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZcxM3KDEFOHkzH2q0H9ua_-hjfGtghDHw12HPKlyIzyAUcSOUqkEyI8OmSaOck_6vCAf8lo_jMAhMrlWN3j-7pnAu686fPLuXEBUKF3CUfLh0JlBvl-ITyBKbbAKx91Wu7QWA_aff1csKhk_PQYZy3KL1rsr4LKTxJRjgVkmFDMxOQCRDW7PFxvT64lo/s1600/Coffee%20News.jpeg" width="213" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-a4c7ffb3-7fff-ebc9-1ed2-96899e17c05d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Record Online Direct Bookings Are Driving Innovation in Hospitality, Survey Finds</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9b6e5c2b-7fff-3a3e-2497-911b125ea2ea"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A new report has found that record online direct bookings are driving innovation in the hospitality industry. The recently released H2cs 2023 Digital Hotel Operations Study is indicating that the industry has progressed far in recent years. The number of direct bookings have risen dramatically by nearly 50 percent in 2023, in comparison to 2022. Survey respondents have stated that nearly one-third of all hotel bookings came direct in 2023. Furthermore, the research indicates a 40 percent increase from the previous year of customer relationship management (CRM) systems, with three quarters of respondents reporting their usage of the technology. <b><a href="https://www.hotelnewsresource.com/article129779.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ad7e8434-7fff-156d-4131-5d0f9524682e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Tripadvisor Shares the Best Destinations for Travel in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-0b4e1848-7fff-7f65-763d-e1c61face384"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Tripadvisor has announced its first Travelers’ Choice Award for 2024: the Best of the Best Destinations. Approximately four out of five (81 percent) of U.S. travelers are planning vacations in 2024 and Tripadvisor has listed the most popular destinations according to their research data. According to Tripadvisor, the Top Destination in the World is Dubai, United Arab Emirates for the third year running. The Top Destination in the United States is New York City, New York for the second year in a row. The top most Sustainable Destination in the World is Copenhagen, Denmark. <b><a href="https://lodgingmagazine.com/tripadvisor-shares-the-best-destinations-for-travel-in-2024/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-7d164213-7fff-76da-9bb1-8fe97dd910e6"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">G6 Hospitality Renews and Expands Commitments to Combat Human Trafficking in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9ff06b5f-7fff-cd19-1bb2-ecc01f800beb"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">G6 Hospitality is renewing and expanding its long-standing efforts to combat human trafficking and raise awareness around the pervasive issue. G6 Hospitality is launching a new version of its best-in-class training this month. Called “The Room Next Door,” it is a comprehensive program developed by the company to help hotel teams identify the signs of human trafficking in the lodging industry. The new program launch comes in support of National Human Trafficking Prevention Month, which also sees the company renewing its ongoing partnerships with law enforcement agencies and survivor advocate organizations in 2024. <b><a href="https://www.hospitalitynet.org/news/4119868.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-85adf8ab-7fff-9098-556a-14bdcaf264a1"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Average Daily Rate Gains Boost US Hotels in First Week of 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-d9587de1-7fff-c0c2-06ea-9da3f7b3eeee"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Although U.S. hotel performance decreased from the previous week, year-over-year comparisons were improved, according to the latest data from CoStar for the week of December 31, 2023 through January 6, 2024. Industry-wide occupancy was 46.8 percent which was -0.7 percent lower than the comparable week in 2023. Average daily rate finished the week at $152.17, +7.2 percent higher than in 2023. Revenue per available room ended the week up by 6.4 percent above 2023 at $71.28. </span></span><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: center; white-space-collapse: preserve;"><b><a href="https://www.costar.com/article/1568326530/average-daily-rate-gains-boost-us-hotels-in-first-week-of-2024" target="_blank">Full Story Here:</a></b></span></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /> <p></p><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-56858308704213583922024-01-09T15:15:00.001-05:002024-01-09T15:15:22.163-05:00Hotel Technology Trends 2024<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/modogzL4LedXEzctYTgidbkOpi9qPopVswMV8iYtvJbVRqzRvg3m0vFI-ecb-CkeAZ-cy-rEwLy2cxKF60_Rlp1jERM-imCFQBKCWbcQtA-SFaorK3LRsMtyNsC4sx-WlmuZXq7hUrdZY6-oMZL9_XA" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-4d2ccf8e-7fff-670a-f761-5c132e4ba2ee"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The hospitality industry is in a dynamic age of evolution as we turn the calendar to 2024. In 2023 the travel world truly left the global pandemic and its negative effects behind and boldly moved forward, with travel largely unrestricted during the year. Hotel guest expectations are shifting as travelers become more comfortable in their traveling shoes again in the aftermath of the pandemic. Technology offers hoteliers solutions to many of the issues they face in 2024. The increasing drive within the traveling public to seek new experiences, the ongoing labor shortfall, and the transformative generational changes taking place can all be innovatively addressed with the implementation of digital hotel technology.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-1646958d-7fff-a9d6-dac7-27d6f06808bf"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">The Drive For New Experiences</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-9898de5b-7fff-0f31-4e16-a3b04d682f91"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The post-pandemic traveler places a high priority on finding new experiences in many ways. Hotel guests are responding to rising room rates by expecting more value for their travel dollars. As the industry moves through 2024 and beyond, it will take more to gain and keep guest loyalty. Accordingly, in keeping with the concept of “seamless travel”, mobile apps or self-service kiosks which provide guests the opportunity to check-in, make payments and receive a digital room key are in demand by travelers now.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-933a4575-7fff-3fe0-dcda-d8f1bbe6f60a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Furthermore, the hospitality industry will be transformed by gaining the ability to offer hotel guests a highly personalized experience, centered around their individual personal preferences, and delivered in a highly relevant manner. Data analytics software can track and analyze the customer’s behavior and trends and offer sales and marketing information which is differentiated for that individual or a group. Studies have shown repeatedly that the overwhelming majority of consumers respond very favorably to relevant offers and recommendations and are willing to share the necessary behavioral data in order to improve their travel experience. The guest personalization trend will continue to be influential for the hospitality industry in 2024.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-c93e896c-7fff-8306-0ef1-754acb2e3fff"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Improving Hotel Operational Efficiency</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-ead1f0f3-7fff-c728-d190-bf1487d819c3"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">With the return of travel over the last few years, the overwhelming majority of hotels have struggled to bring their staff back up to full strength. This has left hotels with many gaps in their workforce, while the expectations of their guests are clearly on the rise. Fortunately for hoteliers some relief is available from the adoption of technological innovations. Artificial intelligence-powered chatbots and virtual assistants provide hoteliers platforms from which to communicate directly with their guests at any time. Most helpful this can be to answer questions, or in the case of virtual assistants, further offering hotel guests services and products personalized for them.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-9b4c1ec8-7fff-1b29-5687-0bbd40d9de83"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Robotics technology has made inroads within the hospitality industry, particularly following the pandemic. Although costly, this technology is likely to gain importance going forward in 2024, especially in the context of short-staffed hotel properties. Beyond having the ability to facilitate contactless services themselves, robots can also provide guests with effective digital concierge services, make room service and luggage deliveries, and perform certain housekeeping tasks. Considering the nature of hospitality, the key to successfully implementing automation in a hotel is to be sure to find the proper balance between automation and the human touch.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-86d5b237-7fff-8290-e66b-fe9dfb902123"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Meeting The Demands Of Generation Z</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-98dffec3-7fff-b089-3748-48f7ccb36da4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Gen Z is the first generation who are completely native to technology, they have never known life without the internet and the digital devices needed to access it. Members of Generation Z are expected to comprise the largest group of consumers in the U.S. by 2026, with approximately 82 million individuals. It is therefore imperative for hotels to align themselves with this generation's preferences going forward.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-d8ee5d09-7fff-fee6-b843-8095e81d0296"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Importantly for the travel industry, Gen Z prioritizes experiences in life more than the accumulation of material possessions. The overwhelming majority of Generation Z are socially and environmentally conscious, resulting in their willingness to pay more for sustainable choices in every aspect of life, including travel. They expect, and in fact demand, mobile-friendly, digital connections and completely relevant social media engagement with all the brands they choose to patronize.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-c7f6bb24-7fff-3317-47a2-397e15e746f7"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-5960a32b-7fff-8cb1-4800-6066c3e20afa"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-f95a06a4-7fff-bab0-b94c-79bb2a796307"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-82069117402983169052024-01-05T14:55:00.005-05:002024-01-05T14:55:36.033-05:00Hospitality News For The Week Of 1/5/24<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg3zihIRRHNUX72TBFBx0C6UqR1yhagbQNMKjyMK23V1RQC51fhY3HAm2e45xhI8jZJG87blQc6Cyl_8hrX-ve5mewCCPwOky6grrz7yLWzyE4XreX6GOJDqMaEjnfi1_HIEDpPeatioTmeI-rc6oSkcQr0N1-xDIYqU0wCQK0VvjLp2f-xxEb66wmo5Y/s5407/News%20coffee.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="3605" data-original-width="5407" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg3zihIRRHNUX72TBFBx0C6UqR1yhagbQNMKjyMK23V1RQC51fhY3HAm2e45xhI8jZJG87blQc6Cyl_8hrX-ve5mewCCPwOky6grrz7yLWzyE4XreX6GOJDqMaEjnfi1_HIEDpPeatioTmeI-rc6oSkcQr0N1-xDIYqU0wCQK0VvjLp2f-xxEb66wmo5Y/s320/News%20coffee.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div style="text-align: justify;"><span id="docs-internal-guid-9da4ece7-7fff-cf00-c498-f87961c68aee"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Top Travel Industry Predictions for 2024 from Phocuswright</span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-77f8a617-7fff-07a2-8e2c-69f47924ada6"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">With 2023 in the past, travel industry experts are now fully focused on the year to come. Several trends promise to be both exciting and disruptive for the industry. The rapid adoption of generative artificial intelligence, the drive toward sustainability, and the growing demand for experiential travel are expected to be most influential for the travel industry in 2024. It is most interesting to note that at the dawn of 2023, industry experts and the staff at Phocuswright were not even considering the concept of generative AI or ChatGPT. <b><a href="https://www.hotelnewsresource.com/article129667.html" target="_blank">Full Story Here:</a></b></span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-85a438a7-7fff-bdb6-39ce-de4a0b6906ff"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">New Survey by Novotel - Kids take over holiday planning in 2024</span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-f471f9f7-7fff-f1b8-d35b-b5e4d7cb9735"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A new survey commissioned by French hotel chain Novotel uncovers what kids and their parents have on their minds when trip planning in 2024. Key survey findings include that for kids, the top dream destinations are both America and Australia, while parents would prefer to remain closer to home by traveling to the UK and Spain. The USA was the top dream destination for kids at 34 percent. The majority of both parents and their children prefer the comfort of hotel accommodations for their stay, with 60 percent of parents and 54 percent of children sharing that preference. <b><a href="https://www.hospitalitynet.org/news/4119797.html" target="_blank">Full Story Here:</a></b></span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-4ef7407a-7fff-9283-9d4c-8c4c39e02ca0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">The Skies Will Clear for Hoteliers in 2024</span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-5b6f8de5-7fff-dbb9-dd6d-168d355bae0b"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to travel experts at STR and CoStar, in comparison to a weather forecast, while 2023 was partly cloudy, 2024 will feature clearing skies for hoteliers in the U.S. hotel industry. In 2023 hotel room supply hit a bump with only a 0.3 percent increase, but supply is expected to increase at the rate of 0.8 percent in 2024. In 2023 demand grew by 0.9 percent, but 2024’s projection is for a 1.8 percent year-over-year growth. If this forecast comes to reality, it would mean more rooms will be sold in 2024 than ever before in history. <b><a href="https://www.costar.com/article/1685646382/the-skies-will-clear-for-hoteliers-in-2024" target="_blank">Full Story Here:</a></b></span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-b546984b-7fff-b252-1155-f2e7710a263a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. weekly hotel results: Dec. 24-30</span></span></div><div style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div style="text-align: justify;"><span id="docs-internal-guid-87e189cd-7fff-e9e5-fbd6-b6fb701dd0ff"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel performance increased from the previous week, according to the latest data from CoStar for the week of December 24-30 2023, while year-over-year comparisons were skewed downward due to a calendar shift. Industry-wide occupancy was 50.1 percent for the week, down -7.1 percent from the comparable week in 2022. Average daily rate finished the week at $163.58, which was -2.8 percent down from 2023. Revenue per available room ended the week at $82.01, -9.7 percent lower than in 2023. <b><a href="https://www.hotelmanagement.net/operate/us-weekly-hotel-results-dec-24-30" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-74289430570813098252023-12-18T15:01:00.002-05:002023-12-18T15:01:36.504-05:00 Hospitality Trends 2024<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/T--BAF5vR6vsbhdDM4Pck3UyDfn3TMmuOOWTaM6PilC2HL8dgubh-rvAu8erQEpzFWXKMiO6pwOaD_mR0Zh1rERsrVeWN6E_fAIM_vAuz7p-Y2Kw76a0I7-MpI3eAZrUTMOmd-TGYddT1s6TdYJcG6w" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-0328cea1-7fff-9645-acf6-78ad30124318"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">As 2023 winds down to its conclusion with the coming of the holidays, for the hospitality industry it has been a year of the steady return of normalcy for travel. Leisure travel demand has nearly settled back to the level of the pre-pandemic year of 2019. Business and group travel demand are steadily improving as well. The industry’s hopeful expectation is for these trends to continue into 2024. The motivations of travelers and hotel guests are evolving and so is the industry in response in order to meet their needs going forward. This evolution is following previously established travel trends moving forward, with various aspects growing increasingly dominant for this coming year.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-8a37d721-7fff-a1d2-d805-c2171134bce6"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Wellness</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Recently published research by Hilton has found that in 2024 travelers will be viewing travel as an outlet for focusing on their personal wellness and self-care. For many this will include a concentration on rest and relaxation and improving their quality of sleep, according to Hilton’s findings. Personal wellness clearly has gained importance for the traveling public in the aftermath of the pandemic. The youngest of travelers, Generation Z, are in fact the most intentional about taking the proper time for rest, especially when away from home. </span></p><p style="text-align: justify;"><span id="docs-internal-guid-bf9e1968-7fff-faac-53f6-79a6030ce390"></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Hotel brands, particularly in the luxury segment, can complement their prestige among wellness tourists by focusing on the amenities most desired by guests focused on self-care. By offering guests well-appointed spas and fitness facilities featuring exercise classes, healthy dining options, and restful sleep-amenities hotels will be empowered to leverage the wellness traveler.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span id="docs-internal-guid-20a05c3c-7fff-0e0b-b92c-ea4349a9448c"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline;">Sustainability</span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline;"><br /></span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Closely aligned with the wellness trend is the concept of sustainability. In keeping with its primacy in our society, hotel guests are becoming more environmentally conscious and make their travel decisions accordingly. For hotel brands, sustainability is no longer a trend, but a necessary reality. This means that it is imperative for hotel properties to adopt energy efficiency at all levels, including more efficient appliances, sourcing food supplies locally which feature organic ingredients in hotel restaurants, and implementing waste reduction programs both company and property-wide. By promoting the sustainable changes made by the hotel, environmentally-focused travelers will naturally be drawn to the brand.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span id="docs-internal-guid-fde090b9-7fff-e93c-b1a2-9119a8ab92ed"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline;">Experience</span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline;"><br /></span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Leisure travelers in 2024 will be seeking unique cultural experiences to inspire their travel choices. They desire to build local connections while they travel, through immersive experiences in the local culture of their destination. Most importantly for many, the authentic culinary delights to be found in a given location is at the heart of that aspiration. It is important to note that exploration and adventure are second most important for today’s travelers, particularly younger ones. The traveling public has repeatedly shown its inclination toward purchasing experiences over the gathering of physical possessions. This is the driving force behind this trend and has inspired its growth, particularly in the wake of the global pandemic.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span id="docs-internal-guid-47e61832-7fff-d1af-7126-416d614a55a9"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline;">Personalization</span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline;"><br /></span></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Regardless of age, travelers desire truly personalized travel experiences, customized for them as individuals. The overwhelming majority consider it imperative for them to have the ability to book every aspect of their entire trip online. In addition, most travelers appreciate the use of stress-reducing travel apps. The trend toward completely contactless services will gain even more impedance going forward in 2024. The hotel guest of today wants to feel acknowledged, welcomed and appreciated. The possibilities are virtually endless for hoteliers who make the effort to know their loyal guests and deliver them a rewardingly personalized hotel experience.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Above Property Services believes strongly in working smart</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span id="docs-internal-guid-8a4680a9-7fff-aa3d-67c3-15950099a5bc"></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><span id="docs-internal-guid-2db24c1b-7fff-7b95-17e9-1bdede1ada7a"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline;"> </span><span style="color: #1155cc; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline;">AboveProperty.com</span></a></span></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-85397801075205238832023-12-15T16:05:00.003-05:002023-12-15T16:05:51.875-05:00Hospitality News For The Week Of 12/15/23<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWUPvdBOxyweJ7SFhQISWr-X_Aaq4Cbn0VjcUtXqn78YWUOqz5BXHPgP0IfsOHrZWkME2h6L4a4We6l0uhrObzuTiiQq3ChWe3wx7COgWpMsbSHvR8sf4oVKdsnwXONK9beZUUVGlAcWgvh38Rpj5vOlqpJ6Ug3tyZOMZZ1_hkqij320yDyqtM_pzyK2k/s1000/news_image_3_small.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="667" data-original-width="1000" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWUPvdBOxyweJ7SFhQISWr-X_Aaq4Cbn0VjcUtXqn78YWUOqz5BXHPgP0IfsOHrZWkME2h6L4a4We6l0uhrObzuTiiQq3ChWe3wx7COgWpMsbSHvR8sf4oVKdsnwXONK9beZUUVGlAcWgvh38Rpj5vOlqpJ6Ug3tyZOMZZ1_hkqij320yDyqtM_pzyK2k/s320/news_image_3_small.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-53f292ad-7fff-d579-e6c3-24d211b8ef2d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">115 Million Americans Expected to Travel Over Christmas, New Year’s</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-d57ef0f3-7fff-0c80-331e-3e53fe988723"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">AAA is projecting that 115.2 million travelers will go at least 50 miles or more away from home over the 10-day year-end holiday travel period. This is a 2.2 percent increase over last year’s total and will be the second highest year-end travel forecast since AAA began tracking holiday travel in 2000. The busiest Christmas and New Year’s travel period record remains 2019 with 119 million travelers. Further data from AAA includes the expectation of 104 million travelers driving to their holiday destinations, an increase 0f 1.8 percent compared to 2022. AAA is also projecting that the 7.5 million air travelers this holiday season will surpass 2019’s record of 7.3 million holiday air travelers. <b><a href="https://www.hospitalitynet.org/news/4119639.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-5085fa54-7fff-e017-35cb-c5980f5680fd"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Americans Are Choosing Sunny Beaches and City Lights for This Year’s Holiday Celebrations</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-7b688588-7fff-36a8-97f6-ba56c9aace1f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The travel insurance and assistance company, Allianz Partners USA, has announced the results of its annual Top 10 Holiday Destinations Survey. The analysis of over three million itineraries for roundtrip flights departing from U.S. airports for the period of Saturday, December 16 and returning by Friday, December 29, found that 79 percent of the itineraries are for domestic travel and 21 percent are international. Among domestic destinations, New York City is number one for the third consecutive year. The remaining top five are in order, Orlando, Las Vegas, Los Angeles, and Atlanta. International holiday destinations are once again led by Cancun for the sixth straight year. London, England was second; San Jose Del Cabo, Mexico at number three; Montego Bay, Jamaica at number four; and Punta Cana, Dominican Republic at number five. <b><a href="https://www.hotel-online.com/press_releases/release/americans-are-choosing-sunny-beaches-and-city-lights-for-this-years-holiday-celebrations/" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-575ec7c8-7fff-dfe5-7dd5-24aa2c9d1aae"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Survey Shows Millennials and Gen Z Are Turning to Travel Agents</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-ccb14e51-7fff-1b37-382f-3fcf4c89ef79"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Travel advisor use is on the rise, according to a recent survey commissioned by IBS Software. A record 47 percent of survey respondents report that they are using in-person or online travel agents (OTAs) to book holiday travel this year. The younger generations are particularly relying on conventional advisor services. 38 percent of millennials and Gen Z are using traditional travel agents, rather than booking digitally. This percentage is in fact far greater than among Gen X and Baby Boomer travelers who only utilize such services at the rate of 12 and 2 percent respectively. <b><a href="https://www.travelagewest.com/Industry-Insight/Business-Features/who-uses-travel-agents-most" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-2b7a13ce-7fff-ed09-5994-cc1c2b941e20"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Hotel Performance for Week Ending December 9th</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-8f52ef8d-7fff-50c2-aab1-b28b2179d411"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to CoStar’s latest data for the week of 3-9 December 2023, industry-wide occupancy was 58.7 percent for the week, down by -1.1 percent from the comparable week in 2022. Average daily rate finished the week at $153.36 which was +4.5 percent higher than in 2022. Revenue per available room ended the week at $89.98, +3.3 percent higher than in 2022. <b><a href="https://www.hotelnewsresource.com/article129520.html" target="_blank">Full Story Here:</a></b></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-83309548028983412362023-12-08T15:19:00.007-05:002023-12-08T15:19:50.484-05:00Hospitality News For The Week Of 12/8/23<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKGikYLbTUp2psqrUJp3ZtIkzAJbW2eGVeD2ZVvRsCMvOQeSDDtXC8wbp0yod7hHZ1MovQXzeSdoUhYEsI9uYN9LppNvZE1VogHfL4ETmc4FDvet6BBPHryIim35nOgMdtvP4BSXElfpvLklfklyEGpC36wXBidA38g-D3XFlPcp7rMTtnArPZoU_0q0E/s512/news_iphone.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="431" data-original-width="512" height="269" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKGikYLbTUp2psqrUJp3ZtIkzAJbW2eGVeD2ZVvRsCMvOQeSDDtXC8wbp0yod7hHZ1MovQXzeSdoUhYEsI9uYN9LppNvZE1VogHfL4ETmc4FDvet6BBPHryIim35nOgMdtvP4BSXElfpvLklfklyEGpC36wXBidA38g-D3XFlPcp7rMTtnArPZoU_0q0E/s320/news_iphone.png" width="320" /></a></div><br /><p></p><p style="text-align: justify;"><span id="docs-internal-guid-be8fb3e6-7fff-cc50-9e52-087fb29b26e4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Visiting your family for the holidays? According to a new survey, you might need a vacation after your vacation</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-e3625bb6-7fff-151c-e6c7-318064cc018c"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A third (34 percent) of travelers do not consider traveling home for the holidays as a true “vacation,” according to a new survey commissioned by IHG Hotels & Resorts and conducted by OnePoll. The poll of 2,000 U.S. holiday travelers also found that 71 percent of them said they would likely need a separate vacation afterwards to relax and unwind. Six in ten report that they feel exhausted by the end of their trip, while 55 percent find sanctuary in hotels by choosing not to stay with friends and relatives. Holiday travelers who stay in hotels find perks including having more space to themselves (34 percent), relaxing and getting cared for by somebody else (34 percent), quiet time (32 percent), being themselves (29 percent), and not having to clean after meals. <b><a href="https://www.hospitalitynet.org/news/4119518.html" target="_blank">Full Story Here:</a></b></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-50639a8b-7fff-232d-8eb2-447aaf14a6d0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">STR Reports Hotels Won the Gold with Global Sporting Events in 2023</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-2fd92f07-7fff-5da4-75cb-cdb60920feed"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Besides global concert tours by big name stars, global sporting events were another driver of major proportions for hotel performance around the world in 2023. Although smaller than the Olympics, these events have proven to be successful for hotels because they bring in fans and competitors from multiple countries, drawing fans from near and far to watch their country compete. The FIFA Women’s World Cup in New Zealand and Australia, Ryder Cup in Italy, Rugby World Cup in France, Cricket World Cup in India, and the FIBA Basketball World Cup in Japan, Philippines, and Indonesia had a significantly positive impact on hotel performance on a daily and monthly scale. <b><a href="https://www.hotelnewsresource.com/article129409.html" target="_blank">Full Story Here:</a></b></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-dc99b8aa-7fff-3484-f159-ebbdda8378d7"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Amadeus: Hotel Occupancy Soars This Holiday Season</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-efcdef73-7fff-a028-baac-bb54c0b27675"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to Amadeus’ Demand360+ data as of November 27, 2023, global hotel occupancy for the weeks of Christmas and New Year’s is at 23 percent. This represents an increase of ten percent over the same time period last year. Occupancy levels on a global basis for the festive season are trending ahead of 2022, in a reflection of the return of confidence in travel. The leading destinations are in warmer climates such as Los Cabos and Cancun in Mexico; Honolulu and Kahului in Hawaii; and Phuket, Thailand. <b><a href="https://lodgingmagazine.com/amadeus-hotel-occupancy-soars-this-holiday-season/" target="_blank">Full Story Here:</a></b></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-5058d94c-7fff-4d94-6ab5-715b99f5157a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Hotel Results for Week Ending 2 December</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-ff09b13a-7fff-9953-55f0-9452b43edb2c"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel performance increased from the previous week as expected, according to the latest data from CoStar for the week of 26 November through 2 December 2023. Industry-wide occupancy finished the week at 54.2 percent, down by -1.6 percent from the comparable week in 2022. Average daily rate was $144.88 for the week, up by +0.8 percent from 2022. Revenue per available room ended the week at $78.54, -0.8 percent lower than in 2022. <b><a href="https://www.hotel-online.com/press_releases/release/u-s-hotel-results-for-week-ending-2-december/" target="_blank">Full Story Here:</a></b></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p style="text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-66729388950531207132023-12-05T13:55:00.007-05:002023-12-05T13:55:52.617-05:00 The Sleep Tourism Trend<p style="text-align: center;"><img height="416" src="https://lh7-us.googleusercontent.com/z1km-X7lLmbDC0BGi6ycKzoFzvHm51MCfe-JEY1nHFR7YyFehFcdfS2o271RCOJ7RgCCmS9gq6kck694_svSojoGOwPOsZ25nhVUaknjaooWnvaaFqStAO5U_FnexO6ZiuP7jphXvKHBHuwSQyGnFJA" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">In the post-pandemic era one of the most important trends shaping the hospitality industry of the future has been and will continue to be wellness travel. A rapidly rising trend within the wellness trend is sleep tourism, which is a form of wellness travel focused on improving one’s quality of sleep. With sleep playing such a significant role in determining a person’s overall health and wellness, people are now realizing how critical it is for them to get the proper amount of quality sleep each day on a consistent basis.</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">The rise of sleep tourism has been driven forward largely by the renewed focus on health and wellness springing forth in the public mind following the global pandemic. People are seeking insight into why they feel so tired constantly. A study by the American Academy of Sleep Medicine found that 60 percent of Americans suffer from sleep deficiency linked to the Covid-19 pandemic, often connected with what is termed long Covid. Global studies have found that sleep deprivation is a worldwide problem. In an effort to cope with the situation, travelers have been increasingly expressing their desire to prioritize sleep, especially when they are on trips, in keeping with their overall health and wellness.</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">In response to the growing need paralleling the rebound of travel, a number of hotels and resorts have been introducing specialized programs and focused on sleep. These include room accommodations and services designed to assist guests in attaining restorative sleep. These healthy rooms infuse wellness design elements with guest personalization technology to create accommodations with the guest’s well being at its core. Incorporating technologies including customizable special lighting and air purification systems, with optimized preferred room temperature, aromatherapy and therapeutic spa-like bathtubs for example.</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">Some healthy hotel rooms also feature ergonomic furniture, built-in physical training equipment and circadian lighting. The last feature is designed to influence melatonin levels in the brain in order to assist guests with jet-lag recovery and any other sleep issues they may be experiencing. Pillow “menus,” weighted blankets, highly customizable smart mattress options, along with sound systems designed to induce deep sleep with white noise and other calming and relaxing sounds are often features of restorative sleep accommodations as well. Other services commonly offered to guests seeking restorative sleep hotel stays include the obligatory herbal tea delivered to the room near bedtime in addition to sleep masks, ear plugs, and melatonin sleep gummies.</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">Sleep tourism and the wellness movement are not likely to fade into the past anytime soon in the topsy-turvy world we live in today. Hotels are uniquely positioned by their very nature to fully capitalize on this growing trend.</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: 700; text-align: left; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></p><p style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-align: left; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-align: left; text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a> </p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-91087045728543575262023-12-01T20:52:00.002-05:002023-12-01T20:52:24.413-05:00Hospitality News For The Week Of 12/1/23<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8x-0e7KqIFyhWyk-CSmOs9ZbRNeS4gpFjMmcheCpj9uwKklW227F7MeSOJ5ObrOgUBWwrzojVnyXcScHueOJSFLL3TcnZ77Is82cY5iW7ImFDKNPaJ0oiNKaWiMFA10FWvSKiyEWqYB_517L38kLYWs1_m6soeoRXkoPPOu5QirOomuXqNW20yf57uO4/s1000/news_image_1_small.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="667" data-original-width="1000" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8x-0e7KqIFyhWyk-CSmOs9ZbRNeS4gpFjMmcheCpj9uwKklW227F7MeSOJ5ObrOgUBWwrzojVnyXcScHueOJSFLL3TcnZ77Is82cY5iW7ImFDKNPaJ0oiNKaWiMFA10FWvSKiyEWqYB_517L38kLYWs1_m6soeoRXkoPPOu5QirOomuXqNW20yf57uO4/s320/news_image_1_small.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-69003912-7fff-a320-4013-968ef915f072"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Revenge Travel is Here to Stay, Visa Study Reveals</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-eac85e54-7fff-e94f-43e7-b4e1acf31c28"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Visa announced this week the results of its U.S. edition of the Visa Global Travel Intentions Study. The research reveals consumer behavior trends and preferences for outbound and inbound cross-border travel. Despite rising costs, the post-COVID travel surge doesn’t show any indication of slowing down. While most Americans surveyed by Visa (73 percent) have noticed an increase in costs, only 6 percent are planning on changing or delaying their travel plans. <b><a href="https://www.hospitalitynet.org/news/4119371.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-44744efc-7fff-179f-7a32-2c246a686314"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">UNWTO Reports International Tourism to End 2023 Close to 90% of Pre-Pandemic Levels</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-50588ff2-7fff-5e53-06c8-34b9fb11f780"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The World Tourism Organization (UNWTO) has released its latest travel data for the period between January and September 2023, which indicates that international tourism is on track to recover nearly 90 percent of pre-pandemic levels by the end of the year. It is estimated that 975 million tourists traveled internationally during that time period, this represents an increase of 38 percent over the same months in 2022. It is expected that international tourism receipts could reach $1.4 billion in 2023, 93 percent of the $1.5 billion earned by destinations in 2019. <b><a href="https://www.hotelnewsresource.com/article129303.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9b17640e-7fff-7875-fde9-1913a5fd2dca"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Record Thanksgiving Air Travel Signals Continued Health of Leisure Demand</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-eb38f6fb-7fff-df7f-20d5-fe6c16b98f4f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The U.S. Transportation Security Administration screened more than 2.9 million air travelers on the Sunday following the 2023 Thanksgiving holiday. The number of travelers broke the record for the most in a single day, a clear indication of the continued health of leisure travel demand, according to CoStar. The major impetus for this boosted travel was togetherness with family and friends, with fortunately few canceled flights as well. <b><a href="https://www.costar.com/article/1780535183/record-thanksgiving-air-travel-signals-continued-health-of-leisure-demand" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-9c6dd63b-7fff-d6e1-52a0-731ef19f4ded"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. weekly hotel results: Nov. 19-25</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-7c53dda8-7fff-311d-8637-d0dc7abecfa4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel performance fell week over week for the week of November 19-25 2023, according to the latest data from CoStar. Industry-wide occupancy finished the week at 49.4 percent, down -1.4 percent from the comparable week in 2022. Average daily rate was $138.29, +0.9 percent above 2022. Revenue per available room was $68.32 by the end of the week, down -0.6 percent from 2022. <b><a href="https://www.hotelmanagement.net/operate/us-weekly-hotel-results-nov-19-25" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-78450489432364943962023-11-27T17:12:00.004-05:002023-11-27T17:12:34.096-05:00Religious And Spiritual Tourism<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/WyJ71N39qVQF80A9d0fbBycnRMhIgzBlS6pcDBnnXeNDoBil9ROqTygN-jJsQP0jXsBxBYcxXfeV0LLof1jWFn7Zf6R8G6-e5ElEpvKp8-mLhmYnU8vEbhdp0WSGPDv4vgzimvtlOhKhuXWth-mJjuYaUNpskDqm0RIa_yGpVmmyeiq85ceBd-47liBMqg" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-a3d57277-7fff-2545-8b7f-549e5b03b50a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Closely associated with each other and in close alignment with the wellness travel movement, are two rapidly growing tourism trends, religious and spiritual tourism. As people around the globe, in the wake of the pandemic, seek greater meaning in their lives, both of these trends in travel and tourism have accordingly grown tremendously. For some, spiritual tourism is a form of culturally-related travel as well. This is because many of today’s travelers are fully engrossed in deeply immersive dives into the local way of life while exploring each destination they visit. Most spiritual tourists however are on a journey of self-discovery leading to a deeper spiritual experience and enlightenment. They are seeking to find meaning beyond merely a leisurely sightseeing trip through a destination. This form of journey is often closely linked to wellness travel.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-50b0bb04-7fff-6cca-5574-9a8e17808081"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For the religious tourist, their motivations are subtly different from those engaging in spiritual tourism. By definition it involves a person or group traveling, sometimes referred to as a pilgrimage, to a site based on their religious beliefs, then known as religious tourism or faith-based travel. The World Tourism Organization has estimated that approximately 330 million people travel to the world’s most important religious sites each year. Furthermore, countless millions visit historical churches and temples in the course of their travels around the globe. Religious travel tour operators have estimated that the faith-based group travel segment to be worth approximately $100 billion each year. A rather significant travel segment on a global scale.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-f8dd6efa-7fff-a4f6-d4bd-05bb18caa2ca"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Religious And Spiritual Tourism Destinations</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-07c57576-7fff-0089-ca79-3b3eb28d9101"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The most popular destinations for religious and spiritual tourism often include the places where the world’s great religions were established. For three of the world’s major religions; Jerusalem, Israel is the home of holy sites sacred to Judaism, Christianity, and Islam. Religious travelers making a pilgrimage to Jerusalem can visit and worship at the Western Wall, the Church of the Holy Sepulcher, and the Dome of the Rock, among other important sites to each religion. For Catholics Vatican City located near Rome, Italy is immensely popular. Visitors come from around the world to experience St. Peter’s Basilica, the Museums of the Vatican, and the Sistine Chapel and many other landmarks of Rome. The annual Christmas Mass addressed by the Pope is a major religious event and a pilgrimage itself.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-f7fb0bda-7fff-675e-006e-08c1aa1fbb38"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The holiest site in all of Islam is in the Saudi Arabian city Of Mecca, birthplace of the Prophet Muhammad. Most sacred of all is the site of the Kaaba, which all Muslims face during prayer. The sacred city is a destination for the spiritual seekers who follow Islam and its beliefs, as only Muslims are allowed to enter Mecca.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-354c3f9d-7fff-9c99-a03d-7ce9161ecbee"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The most important site in the Hindu religion is Badrinath, one of the four pilgrimage centers, or Char Dham, and is located in Uttarakhand, India in the Himalayas. India itself is the home to several important religions of the world including Hinduism, Buddhism, Sikhism, and Islam. Another major center of Hinduism is located on the Indonesian island of Bali and features breathtaking beaches, delightful forests, and its singular Hindu culture.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-a87e2969-7fff-08e8-d5ea-89e9e2b15154"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For Buddhists Lhasa, the capital of Tibet, is special and is one of the world’s most spiritual cities. Many of Buddhism’s most sacred sites are located there, including the Potala Palace, the Jokhang Temple, and the Sera Monastery. Spiritual seekers travel from the world over to experience first hand the city’s profound connection to Buddhism, and enjoy the stunning architecture, and unique Tibetan culture. Another globally important center of Buddhism is located in Kyoto, Japan. Renowned the world over for its beautiful temples and rich gardens, Kyoto is also the home of a deeply traditional culture and the home of its own meaningful Buddhist sites.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-046f1a13-7fff-7d4d-26c3-adee4beeba6f"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-a20e249d-7fff-b36c-68cf-ed05bea618a4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-520f88c2-7fff-e83d-5b9d-18e73162f896"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a></span></p><p style="text-align: justify;"><br /></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-87980453406005264812023-11-17T14:18:00.007-05:002023-11-17T14:18:58.709-05:00Hospitality News For The Week Of 11/17/23<p style="text-align: center;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSkc4ElSgYcQsA4DR896LVycec-nUNT0CIZihmqjj_aDc-CXTlAtEw9pieyOUPA_oBSR25SwNMcN4RBXb81I_V7z8Jjtsb3C0mmIjDp-GVKDVxo9aC5dVvhSp-zyAFEWCFNz1RkCuRCDmQqpKSfDI74mXds5SixJbMSHJdxsjkDN367kE27PZqT-zcas/s606/Blog%20pic%20001.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="454" data-original-width="606" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSkc4ElSgYcQsA4DR896LVycec-nUNT0CIZihmqjj_aDc-CXTlAtEw9pieyOUPA_oBSR25SwNMcN4RBXb81I_V7z8Jjtsb3C0mmIjDp-GVKDVxo9aC5dVvhSp-zyAFEWCFNz1RkCuRCDmQqpKSfDI74mXds5SixJbMSHJdxsjkDN367kE27PZqT-zcas/s320/Blog%20pic%20001.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-1f9ab2ff-7fff-857a-7920-21b8d72a196d"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. Hotels Poised for Strong Holiday Season Fueled by Business Travel Uptick</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-afbe421d-7fff-ca34-cbb0-4904bc418174"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The 2023 holiday travel season and the remainder of the year outlook for hotels remains strong, driven by an uptick in business travel and a strong preference for staying in hotels among all travelers. A survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult found that 68 percent of Americans with jobs involving travel reported they are likely to travel overnight for business during the last three months of 2023, up from 59 percent last year. 55 percent of American travelers plan to stay in a hotel during their overnight leisure in the last three months of 2023. 45 percent of American travelers report they are more likely to stay in a hotel this holiday season than they did last year. <b><a href="https://www.hotelnewsresource.com/article129134.html" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-1bb95bda-7fff-ceca-1b74-5ab55dedc027"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">AAA: Thanksgiving air travel expected to rise 6.6%</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-037b0076-7fff-0827-7012-58e856ab2153"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">AAA Travel is forecasting that the number of Thanksgiving holiday air travelers will increase by 6.6 percent this year, bringing the total to 4.7 million. This would be the highest number of Thanksgiving holiday air travelers since 2005. AAA is expecting a further 1.55 million Americans will travel by cruise, bus, and train. This an 11 percent increase over Thanksgiving 2022. The top three domestic destinations are all in Florida: Orlando, Fort Lauderdale and Miami. The top destinations are followed by Anaheim, California; Tampa, Florida; New York City; Las Vegas; Honolulu; Maui; and San Diego. <b><a href="https://www.travelweekly.com/Travel-News/Airline-News/AAA-Thanksgiving-2023-air-travel?ct=hotels" target="_blank">Full Story Here:</a></b></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-c3be6d8a-7fff-e6f8-87c8-2ab7d122e745"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">CBRE: RevPAR growth to recover in 2024</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-730a8945-7fff-62b7-3234-644e089ae3a4"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">As inbound international travel continues to improve and sector-specific headwinds moderate, CBRE has forecast revenue per available room (RevPAR) growth to recover in 2024. The company has forecast a 3.0 percent RevPAR growth rate for 2024. CBRE is expecting RevPAR to be 14 percent greater than in 2019. According to CBRE, U.S. hoteliers faced strong headwinds to demand and pricing power this past summer due to the number of Americans who chose to vacation overseas, go on cruises or stay in short-term rentals. As these headwinds ease and the number of international travelers further recover, CBRE expects RevPAR to modestly improve in 2024 for American hotels. <a href="https://hotelbusiness.com/cbre-revpar-growth-to-recover-in-2024/" target="_blank">Full Story Here:</a></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><br /></span></div><div class="separator" style="clear: both; text-align: justify;"><span><br /></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-514a1897-7fff-73a2-3725-1226ab6cf815"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">U.S. hotel results for week ending 11 November</span></span></div><div class="separator" style="clear: both; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div class="separator" style="clear: both; text-align: justify;"><span id="docs-internal-guid-4380d5f0-7fff-bc66-3881-45dbb0fd2575"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">According to CoStar’s latest data for the week of 5-11 November 2023, U.S. hotel performance increased from the previous week and indicated positive year-over-year comparisons. Industry-wide occupancy was 64.8 percent for the week, +0.8 percent higher than the comparable week in 2022. Average daily rate finished the week at $156.01, which +4.0 percent above 2022. Revenue per available room ended the week at $101.13, a +4.9 percent increase over 2022. <b><a href="https://www.hospitalitynet.org/news/4119177.html" target="_blank">Full Story Here:</a></b></span></span></div><br /><p></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.comtag:blogger.com,1999:blog-1925886667740325603.post-43735420597230416922023-11-13T15:22:00.002-05:002023-11-13T15:22:30.494-05:00 Culinary Tourism For Wine & Spirits<p style="text-align: center;"> <img height="416" src="https://lh7-us.googleusercontent.com/9PTvhUcSP_3HQkFM8dNnHOrjrll3ZoRaFT_M0d6V8t3Aw5IwRveUiBwCdEgO0E_eKBtppOD7xo6DJkgRofGP5fJULbDpCcUJq9NNFNkUsFF4zVoEM8WTfv61ZgSDxrj9itT_g_NNmMUm0k3wq7NNW5c" style="font-family: Arial, sans-serif; font-size: 14pt; margin-left: 0px; margin-top: 0px; text-align: left; white-space-collapse: preserve;" width="624" /></p><p style="text-align: justify;"><span id="docs-internal-guid-94855378-7fff-5ab0-faf0-8c3aa0480434"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Culinary tourism has become one of the driving forces behind record-setting travel around the globe in the last decade or more. Interwoven with tourism motivated by food is travel focused on the wine & spirits of a particular destination. Travelers have also been seeking to truly experience a destination and its local culture. Fully experiencing any local culture is intimately connected with both eating and drinking. This is because doing so is a basic human need and provides both travelers and locals a common experience to share together. Local wine-making and the distilling of spirits is accordingly an indispensable element of nearly every tourist destination located within a developed country.</span></span></p><p style="text-align: justify;"><span id="docs-internal-guid-7c7251a8-7fff-9b5b-5c43-84279728d7d6"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Wine Tourism</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Wine culture, hand-in-hand with gourmet food experiences, has grown tremendously since approximately 2010. Always a motivation within travel, many travel analysts are declaring 2024 to be the year that finding unique wine & spirits around the world will come into an even greater degree of focus for travelers. Travel itineraries for wine tourists are largely centered around touring vineyards and wineries, and attending wine festivals and shows. The intention being to taste local wines and also learn something about the wine-making process. </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial,sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;">Due to the nature of the wine industry, wine tourism is predominantly carried on in rural areas. Therefore, the landscape of the region plays an important role in driving the tourism market in each wine destination as well. Although promotional activity from travel brands regarding wine tourism generally target higher income segments, there is a high degree of crossover into other tourism segments.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 11pt; text-align: left; white-space-collapse: preserve;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-515f45f4-7fff-aa5f-0fc7-5de306b40b34"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Spirits Tourism</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-703480f3-7fff-f908-da43-014efb795435"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The very beginnings of spirits tourism can be traced back to 1969 when the Glenfiddich distillery became the first to open a visitor’s center as an attraction for tourists. Opened in response to tough economic times for the independent Scottish distillery, the center gave interested tourists an inside view of the production of the company’s Scotch whiskey. Many years and distilleries later, the practice has become more commonplace and now attracts millions of visitors to distilleries around the globe, in growing numbers. Distillery companies now often feature bars on their premises where tourists can sample the varieties of liquor available from the distiller. This has created a rising form of tourism around spirits to rival the wine industry. Unlike wineries, distilleries are often, but not exclusively, located in urban settings making for easy access for many tourists to visit.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-b0110a85-7fff-c29e-667e-a198f35986f0"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Hotels And Culinary Tourism For Wine & Spirits</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-e3587572-7fff-4ecf-a7fa-5c3e1c19314a"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Hotels attempting to tap into the culinary tourism for wine & spirits market need to remember that thinking local is always key. Tourists today are always seeking local experiences which are authentic to the destination. Hoteliers should understand that when they are promoting themselves they should also be promoting the destination and their hotel’s place in it, which encompasses local restaurants, bars, wineries and distilleries of the destination. A hotel can partner with local area establishments and offer the hotel’s guests local vineyard, winery, and distillery tours, along with tasting events both on and off the hotel property.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-d4b7d217-7fff-9a29-dd26-1e6a60df4b06"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">These partnerships can be beneficial and highly profitable for all involved, while also building the strength of the destination’s brand. Wine & spirits festivals are becoming increasingly favored by culinary tourists, creating another marketing opportunity for hotels nearby. Discounts and hotel giveaways, such as free tickets to the festival, can prove highly effective when the opportunity arises.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-6115c49f-7fff-d8c4-9e1f-495e77908995"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Above Property Services believes strongly in working smart</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-20a35d61-7fff-15a7-4168-c0b66fcf4a25"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Above Property is now Above Property Services (APS). We are a cloud-based travel software company with deep knowledge of travel and hospitality technologies. Above Property was formed in 2013 to create the new standard for speed, flexibility and stability for travel and hospitality CRS (Central Reservation System), Revenue Management, and Property Management solutions.</span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span id="docs-internal-guid-9c90fb76-7fff-7501-b79b-48bc0120c43e"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">For more information:</span><a href="http://aboveproperty.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">AboveProperty.com</span></a></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><br /></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></p>Above Propertyhttp://www.blogger.com/profile/11515965461402290325noreply@blogger.com