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Originally seen HERE.Even though interest rates have ticked up slightly, now is a good time to be a hotel seller due to the limited number of properties available in the open market.  Most markets have not seen supply significantly outpace demand, but virtually all properties are still waiting for the return of business travelers and group business. Given all the uncertainties already Continue Reading about Why a successful hotel sale depends on preparation

Origninally seen HERE. Although November U.S. group meeting volume decreased 12.4 percent over October, this decline reflects normal seasonality trends for this time of year with less of a decrease than pre-pandemic trends, according to the latest data from Knowland.   The average number of attendees per event continues its strong performance, outpacing the same period in 2019 for Continue Reading about November U.S. meetings, events reflect normal trends

Originally seen HERE. U.S. hotel occupancy came in lower than the previous week but reached an all-time high on Christmas, according to STR’s latest data through December 25, 2021. Christmas Day occupancy (47.2 percent) was just above the previous high from 2015 (47.0 percent). While Omicron-related closures and service disruptions affected performance in New York City, Continue Reading about STR: U.S. Hotel Occupancy Reaches All-Time Christmas High

by Steve Kirby, Managing PrincipalThroughout 2022, resilience will be the word heard most frequently in the lodging industry . Over two tumultuous years – through disease, labor shortages, supply chain issues and inflation - the hospitality industry has faced the challenges, reshaped itself, and moved ahead. The second most frequent reference will be hope. Hope that the issues out of our Continue Reading about Resilience and Hope in 2022

Originally seen HERE.As the ALIS Conference kicked off at the JW Marriott/Ritz-Carlton Los Angeles L.A. Live today, the American Hotel & Lodging Association released its 2022 State of the Hotel Industry report, developed with Accenture.  According to the report, the travel outlook for 2022 is “trending positively,” but the association expects “continuing volatility,” with full Continue Reading about AHLA releases 2022 State of the Hotel Industry report at ALIS

Originally seen HERE. Analysts at Lodging Econometrics (LE) report that at the fourth quarter close of 2021, the total U.S. construction pipeline stands at 4,814 projects/581,953 rooms, down 8% by projects and 10% by rooms year-over-year (YOY). While project totals have dipped slightly YOY, the number of projects in the early planning stage continues to rise. In the final quarter of 2021, Continue Reading about The U.S. Construction Pipeline Stands at 4,814 Projects/581,953 Rooms at Year-End 2021

Originally seen HERE. It’s the beginning of an entirely new industry, based around places and spaces that turbocharge employee gatherings. Retreats, offsites, onsites — call them what you want, but team building will be big business in 2022 as company travel budgets are steered towards the Great Reconnection. Although sales exces will likely be among the first lucky few to return to Continue Reading about Remote Work Is Defining a New Socialization for Business Travel