In an era where the hospitality landscape is marked by fierce competition and ever-evolving guest expectations, one factor consistently stands out as a key differentiator:...
Tempe (February 1, 2024) — In a landmark transaction, the Sleep Inn, located in Tempe, AZ has been acquired by a prominent student housing developer,...
The hospitality industry is constantly evolving. With the ever-changing guest demands and economic fluctuations, hotel owners must practice flexibility and maneuverability. While some tendencies remain...
FDIC cautions financial institutions in new advisory letter. The Federal Deposit Insurance Corporation (FDIC) has released a crucial advisory for banks, highlighting the need for...
The way people work, travel, and live is transforming. Some of these trends are the aftermath of the COVID-19 pandemic and how it changed work....
In November 2023, the commercial mortgage rates are hovering between 7% and 8%— near the same residential mortgage percentages that have been dominating the headlines....
A hotel’s location is a crucial determinant in the overall success of a hotel. A hotel based in a favorable location tends to attract more...
Hotels have become a familiar scene of human trafficking crimes across the country. According to the Polaris Project, 75% of those who survive these crimes...
In the three years since the peak of the pandemic, the hospitality industry has demonstrated remarkable resilience. Hotels have managed to survive and thrive in...
Quality assurance is important to the success of any business, and the hotel industry is no exception. In today’s competitive world of hospitality, building a...
As any service company will attest, employees are your biggest asset. It can be difficult in today’s culture to hire and retain good employees. So,...
Renovations play a crucial role in improving a hotel’s occupancy rates and overall revenue. However, upgrading the interiors may have a minimal impact if you...
Classified as income-producing assets, hotels are mainly valued based on their recurrent income-generating potential. Similar to other forms of commercial real estate, one fundamental indicator...
Digital marketing played an essential role over the last three decades in the hotel industry. In a time where travel planning is done entirely online,...
A recent report by Deloitte emphasizes that a remarkable 29% of hotel guests who receive exemplary attention are inclined to leave positive reviews. Moreover, resolving...
The hotel industry holds substantial prominence within the global economy, assuming a pivotal position in bolstering the travel and tourism sector. Nevertheless, akin to numerous...
choice hotels and wyndham hotels & resorts merger- key considerations Media recently reported a potential merger between Choice Hotels and Wyndham Hotels & Resorts. While...
When Airbnb first started, nobody thought the company would outcompete the hotel industry. Airbnb founders once said, “We’re not really replacing hotels,” and hotel chain...
In the last few weeks, the top-tier hotel brands Hyatt, Hilton, and Marriott have all announced new Midscale Extended-Stay sub-brands, reinforcing an emerging trend over...
Johanna Cuevas had the opportunity to speak at the Latino Franchise Symposium on April 21st in Dallas, Texas. Her panel focused on discussing hotel ownership...
From premium economy hotel brand, Spark by Hilton to Accor’s stylishly curated Handwritten Collection, the past few months have seen a proliferation of new brand...
The hotel industry is currently facing a labor shortage and according to the U.S. Bureau of Labor Statistics, approximately 2 million hospitality posts remain vacant....
Creating a memorable and satisfying guest experience is crucial for fostering customer loyalty in the hospitality industry. Fortunately, hoteliers today have access to a range...