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Originally seen HERE. Taylor Swift's Eras Tour, which consists of 131 concerts across 17 states and 5 continents, has caught the attention of the Federal Reserve because of its noticeable economic impact. The tour, which has attracted hundreds of thousands of Taylor Swift fans to cities across the US, helped boost hotel revenues considerably in Philadelphia. "Despite the slowing Continue Reading about Taylor Swift’s effect on the economy has caught the eye of the Fed

ORIGINALLY SEEN HERE. A panel of industry experts gathered to discuss how to rethink operations to maximize long-term asset valuation. Editor’s note: This roundtable was sponsored by Actabl, whose leaders participated in the discussion but had no influence on the final editorial content. If you agree or take issue with the notion that the hotel industry is “normalizing” as Hilton CEO Continue Reading about Develop a holistic approach to improving the P&L

Originally seen HERE.At the start of the year, the U.S. Bureau of Labor Statistics released a report showing the overall economy added 517,000 jobs. The leisure and hospitality sector accounted for about 25 percent of that, adding more jobs than any other sector. At the same time, the industry had 2 million open jobs despite returning to pre-pandemic employment levels, according to the U.S. Travel Continue Reading about Staffing shortages persist despite hiring efforts, record wages

Originally seen HERE. With a world on the verge of "normalization," demand persistence, supply weakness and strong employment have major U.S. CEOs seeing even more upside to the recovery. The hotel leadership community can say without much of a doubt that they have proven many prognosticators wrong. Despite high-profile predictions about the long-term impact of COVID on both leisure and Continue Reading about CEOs Provide Rosy Outlook at NYU Conference

Originally seen HERE. Earlier this year, Chatham Lodging Trust purchased this 132-room Residence Inn hotel in Austin, Texas. With the state's economy fully reopened and the hotel's proximity to The Domain mixed-use development, there are some external factors working to boost occupancy. By David Vincent, investment products specialist, Cadre Asset selection in the hospitality Continue Reading about Select Assets Can Present Strong Opportunities for Hotel Investors

Originally seen HERE. It appears that the United States is emerging from the worst of the pandemic with a substantial portion of the population—including those whose leisure and livelihoods impact the hospitality industry—vaccinated and longing to get back to business and travel for pleasure. According to development executives interviewed by LODGING, some of the painful lessons Continue Reading about Post-Pandemic Developments: Building Back Better in the Face of Predictable and Unpredictable Fallout

Originally seen HERE. Throughout 2020 and 2021, the extended-stay segment of the hotel industry has proved to be both pandemic and recession-proof. According to a report from the Highland Group, overall extended-stay hotel demand rose 8.6 percent in Q1 of 2021, while overall U.S. hotel demand decreased 11.9 percent. Extended-stay occupancy has been lower in 2021 than any first quarter Continue Reading about Extended-stay leverages strengths for continued staying power