Fed cuts interest rates; Industry reacts
Originally seen HERE. For the first time in four years, the Federal Reserve has cut interest rates. The half-percentage-point cut was welcome news to the industry, which has seen relatively high rates […]
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Mumford Company Continues Strong Sales Through 2nd Quarter 2024
Newport News, VA, June, 2024 – Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced today it has continued its strong sales performance in the first half of […]
STR maintains forecast of slight RevPAR gains
Originally seen HERE. Despite some softening in the second quarter, the revised forecast by STR and Tourism Economics calls for slight adjustments to ADR (downward) and occupancy (upward) for the […]
How to combat challenging construction costs
Originally seen HERE. The current hotel development market has been faced with escalating construction costs for several years, including but not limited to high interest rates, difficulty finding financing, long […]
HB Roundtable—Spirit of Giving: How hospitality is giving back
Originally seen HERE. Click image to view video. Hosted and sponsored by Davidson Hospitality, Hotel Business held its executive roundtable where leaders spoke about best practices they put in place to encourage […]
Americans prioritizing budget-friendly travel destinations this summer: Vacasa survey
Budget-Conscious Americans Drive Summer Travel Boom With Road Trips and Beach Getaways This summer, most Americans seem to prioritizing budget-friendly destinations, owing to the ongoing economic conditions, a recent survey […]
HM on Location: Challenges remains for investors, but outlook robust
originally seen HERE. Hospitality investors are facing a slate of “persistent challenges,” but long-term optimism remains, according to a panel of experts speaking at the NYU International Hospitality Industry Investment […]
46th NYU Hospitality Conference Opening Talks Highlight Labor Challenges and Opportunities
Originally seen HERE. Convening at the Marriott Marquis in New York City, the 46th Annual NYU International Hospitality Industry Investment Conference is themed “Driving Alpha” to express a positive outlook on the […]
