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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: International Travel

4Q23 Hospitality Dashboard

Our hotelAVE Hospitality Dashboard 4Q23 is now available! Projected 2024 RevPAR growth of 2.7% to 4.2% is below 4.9% in 2023. Because the deceleration is ADR related, GOP margin pressures will continue in 2024. RevPAR flow to GOP was only 23% in the Top 25 markets; GOP margin decreased 100 bps in 2023. Labor cost..
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Are U.S. Hotels Ready for ‘Revenge Travel’ from China?

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..
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