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Originally seen HERE. In today’s evolving hospitality landscape, understanding hotel financing is essential. As interest rates fluctuate, consumer travel habits shift and new competitors emerge, hoteliers must be financially savvy to stay ahead. Profitability hinges on strategic financial decisions, from securing funding for renovations to managing debt and cash flow during off-seasons. We Continue Reading about Ask the experts: What owners, operators need to know about hotel financing

Originally seen HERE. AAA projects 45.1 million people will travel at least 50 miles from home over the Memorial Day holiday period from Thursday, May 22, to Monday, May 26. This year’s domestic travel forecast is an increase of 1.4 million travelers compared to last year and sets a new Memorial Day weekend record. The previous record was set back in 2005 with 44 million people. Despite Continue Reading about AAA: 45.1 Million Travelers Expected to Go 50 Miles or More for Memorial Day Weekend

Originally seen HERE. Hurdles include bid-offer spreads, the interest rate plateau and relative reality checks. Triggers may come in the form of debt deadlines, ROI reviews and icebreaker action. Dealmaking in the hotel and hospitality sector is in a funk. No one can predict with any certainty when activity will return to normal or, indeed, know what the new normal will look like. That said, Continue Reading about M&A: Three hurdles and triggers

Originally seen HERE.Travel continues to move in a positive trend, according to the Mews Data Snap, a real-time measure of hospitality’s performance during the summer of 2023 (June, July, and August). The report compares this year’s data to summer 2022 to pinpoint how the hospitality sector is changing. Based on data from Mews partners worldwide, the Mews Data Snap consists of hospitality’s Continue Reading about Summer ADR and RevPAR saw positive movement