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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Tag: Corporate Travel

Navigating Today’s Hotel Market Challenges

John Paulsen, Senior Vice President at hotelAVE, shares key insights from a recent industry survey on current trends affecting hotel operators: Tariff-related planning challenges: “Tariffs in particular make planning and budgeting difficult.” Uncertainty in corporate travel: “There’s a little bit of uncertainty from a business perspective, and we’ve seen that with corporations being like ‘Do..
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Asset Manager hotelAVE Bullish on Corporate, Group Travel Expectations

In a recent call hosted by Truist, hotelAVE an shared optimistic outlook for 2024 for corporate and group travel. Despite ongoing workplace dynamics, corporate and group travel are expected to experience significant RevPAR growth, with a projected increase of 5.8% year-over-year and a 12% improvement relative to the 2019 baseline. Other key takeaways: Challenges persist..
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Why corporate travel will never be the same

At its post-COVID peak in 2021, corporate travel indexed at 80 percent of 2019 levels while leisure travel exceeded 2019 levels. All signs are positive for the return of travel. Airports, hotels, restaurants and entertainment venues are busy but corporate travel is still lagging. So why is corporate travel not catching up?   Read the..
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Hoteliers Casting Wider Nets For Guests, Revenue

The COVID-19 pandemic has forced hotel owners and operators to get creative with how they run their hotels, and repositioning strategies have been considered in some cases, sources said. David Israel, SVP at HotelAVE, said some resort properties that his company manages have morphed operations toward a cruise-ship-type model, meaning all meals and activities are..
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