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Originally seen HERE. Mumford Company, a full-service hospitality brokerage advisory firm since 1978, finished 2023 with multiple closings and anticipates 2024 to be a banner year based on current deal flow. “Based on our solid deal pipeline of anticipated closings in the first quarter and half of 2024 along with the Fed’s announcement of pumping the brakes with no rate increases in the near Continue Reading about Mumford Company Reports Strong 2023

Originally seen HERE. A look at conversions in the hotel industry came into sharper focus at Hotel Management’s recent executive roundtable sponsored by Choice Hotels International. The event, held at the JW Marriott Desert Ridge Resort & Spa during The Lodging Conference in Phoenix in September, brought together a mix of hospitality movers and shakers who examined the variety of influences Continue Reading about HM Executive Roundtable: Conversions in the hotel industry – with Mumford Company’s Ed James

Originally seen HERE.Hoteliers have plenty to look forward to in 2024. Between accessibility and sustainability, hotels are adapting to a changing landscape in meetings and events—and the larger societal landscape. And hotels are adapting to changing workforce conditions as well. With staffing levels that have never recovered to their 2019 numbers, the focus has shifted to maximizing effectiveness Continue Reading about 2024 Is Trending in the Right Direction for Hoteliers

Originally seen HERE. The Indian hospitality and tourism sector is expected to see accelerated hiring going forward after witnessing a robust growth this year with domestic travels leading the way, according to industry players. With a report by the Hotel Association of India (HAI) projecting the hotel industry's direct contribution to India's GDP to reach USD 1 trillion by 2047, experts Continue Reading about Hospitality industry expects hiring to speed up after robust growth in 2023

Originally seen HERE. Industry leaders explore the intricate balancing act of maintaining brand consistency while allowing room for the individuality and uniqueness that hotels need to flourish in an ever-evolving market. Owner Douglas Artusio, chairman and CEO of Dellisart, said it’s a balancing act between brand consistency and honoring a hotel’s uniqueness. “Brand consistency is Continue Reading about ROI: How to balance the dynamics of hotel brand standards

Originally seen HERE. As the calendar pages turn, we bid farewell to 2023, a year that saw our steady stride back to normalcy within the hospitality sector. But as we look to 2024, we're not just walking; we're poised to leap into an era marked by the potential for unparalleled growth. The once turbulent waters of the hospitality industry have calmed, and now it's time for hotel brands to chart Continue Reading about 2024 Hotel Group, Events, and Meetings Trends & Stats That Every Hotelier Should Know

Originally seen HERE. The business outlook for hotels remains strong for the remainder of 2023 thanks to an uptick in business travel and a healthy preference among business and leisure travelers to stay in hotels, according to a survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult. The survey found that 68% of Americans Continue Reading about AHLA: Hotels poised for strong holiday season

Originally seen HERE. AAA data suggests that during the holidays, travelers are generally going to pay less for domestic trips compared to last year and more for international vacations.  AAA projects 55.4 million U.S. travelers will head 50 miles or more from home over the Thanksgiving holiday travel, the five-day period from Wednesday, November 22 to Sunday, November 26. This year’s Continue Reading about Thanksgiving travel up; domestic hotel prices down