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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
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Author: rmeyer

Fourth Quarter Hospitality Earnings Summary

Our Fourth Quarter 2024 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: Q4 2023 U.S. RevPAR change was -4.4% to 5.0% driven by mixed growth and decline in ADR. Economy and Midscale reliant brands reported slowest (zero or negative) RevPAR change Full year guidance..

The GOP Squeeze: How Asset Managers Maximize Hotel Profitability

As economic challenges, such as a potential recession, still-rising interest rates and wage increases loom, asset managers must identify areas of improvement to ensure sustained profitability. Focusing on operational performance is a key strategy to blunt their effects—and that’s where strong asset management comes into play. Read Full Article.. Download PDF file

Are U.S. Hotels Ready for ‘Revenge Travel’ from China?

China is set to relax international travel restrictions following three years of strict quarantine policies. In 2019, China stood as the fifth-largest contributor of international travelers to the United States, with nearly 3 million visitors, as outlined in the International Trade Association’s “China—Country Commercial Guide.” With Chinese travelers gearing up for a comeback, hotels should..

How Eroding Customer Satisfaction Impacts Profit

As hotel demand returns to pre-COVID levels (or exceeds it in the case of destination resorts), hotels are facing new challenges particularly as it relates to the guest experience. Staffing shortages, supply chain challenges and reduced or modified levels of service show their scars throughout the industry. What has changed? Customers are voicing discontent. If..