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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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Tag: hotel trends

Third Quarter Hospitality Earnings Summary

Our Third Quarter 2023 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: Q3 2023 showcases impressive mid-teens RevPAR growth, driven by surging occupancy rates and increased ADR. While leisure demand sees a gradual uptick, business demand has rebounded to 84-90% of pre-pandemic levels, with..
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More Hotels Plug Into Profit Potential with EV Chargers, But Operational Pitfalls Persist

The electric vehicle revolution presents hotels with new opportunities and challenges. As EV ownership increases, making access to charging stations is crucial for guests. Hotels are adapting, transforming EV charging from a unique selling point to an expected amenity. Industry leaders like Hilton and Marriott spearhead this movement, demonstrating the industry’s commitment to meeting growing..
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