Q3 strongest quarter for group business this year

A boost in room nights and ADRs lifted Cendyn and Amadeus’ Hospitality Group and Business Performance Index to its highest rating in four quarters.

By Noelle Mateer • Nov. 14, 2024

US hotels saw ‘weaker than expected’ Q3 amid slow inbound travel recovery

RevPAR was down in the third quarter, due in part to soft leisure travel and a slow return of international visitors, according to CBRE.

By Jenna Walters • Nov. 12, 2024

How renovations can position hotels to capture more event revenue

Demand for in-person events is on the rise. Hotel owners can seize upon the opportunity with thoughtful revamps that appeal to guests and event planners.

By Michael Frohnappel • Nov. 11, 2024

Phoenix led US for meetings volume growth in October: Cendyn

Coming in second was Las Vegas, where group business boosted hotel performance in the third quarter, according to local resort operators.

By Jenna Walters • Nov. 8, 2024

Top travel, development trends that drove hotel companies’ Q3 results

In the third quarter of 2024, companies posted RevPAR increases driven by group business and pipeline growth bolstered by demand for conversions.

By Jenna Walters • Nov. 6, 2024

Hotel CEOs predict impact of election cycle on Q4 financials

During recent earnings calls, leaders from Marriott, Hilton, Hyatt, Choice Hotels and Wyndham shared how this year's “not typical” Harris vs. Trump election season could impact Q4 revenues.

By Jenna Walters • Nov. 6, 2024

Business, group travel boost Marriott’s US RevPAR growth

CEO Anthony Capuano said big corporate spenders are back and the appetite for group meetings is “really encouraging.”

By Noelle Mateer • Nov. 4, 2024

Top hospitality industry takeaways from 2024’s Lodging Conference

At the annual event in Phoenix, hotel industry leaders shared the opportunities and challenges facing the sector and forecasted what will drive hospitality growth in 2025.

By Jenna Walters • Oct. 31, 2024

Despite Q3 declines, Caesars optimistic about Las Vegas group business

The operator also expects its recently opened $435 million New Orleans resort to drive results for its regional segment, according to CEO Tom Reeg.

By Jenna Walters • Oct. 30, 2024

Diplomat Beach Resort renovated, rebranded under Signia by Hilton

The Hollywood, Florida, hotel is undergoing extensive upgrades to its lobby, dining concepts and oceanfront conference space ahead of switching flags.

By Jenna Walters • Oct. 15, 2024

Global business travel to recover sooner than expected: WTTC

Corporate travel spending will surpass pre-pandemic levels by 6.2% this year, rising to a record $1.5 trillion, with the U.S. leading other countries.

By Jenna Walters • Oct. 11, 2024

Cendyn acquires Knowland in hospitality tech tie-up

With Knowland’s meetings and events data, Cendyn aims to drive group bookings.

By Noelle Mateer • Oct. 2, 2024

Top hospitality conferences to attend in 2025

Learn more about the future of the hospitality industry — from hotel marketing strategies to construction financing to staffing solutions — at these can't-miss events for hotel leaders.

By Noelle Mateer • Oct. 1, 2024

Safety, cost top list of business travel priorities

More than half of U.S.-based SME business travel managers cite tighter budget restrictions as an ongoing issue, according to Corporate Traveler and GBTA.

By Michele Laufik • Sept. 30, 2024

Global business travel prices moderating

Data from the Global Business Travel Association and CWT’s Global Business Travel Forecast points to a stabilization in market conditions.

By Noelle Mateer • Sept. 23, 2024

US Open boosts NYC events volume, hotel rates

Though Las Vegas remained the top market for year-on-year events growth in August, sports events gave New York a “substantial” lift, per Knowland.

By Noelle Mateer • Sept. 11, 2024

‘Healthy’ group, business travel continues to benefit hotels: report

Group and business performance saw year-over-year growth in Q2 2024, bolstered by steady events volumes that provided “stability” to hotels, per Knowland and Amadeus.

By Jenna Walters • Aug. 15, 2024

Hospitality trends that drove RevPAR gains, pipeline growth in Q2

Heightened group travel boosted revenues for several hotel companies, while conversions and extended stay remained top of mind for developers.

By Jenna Walters • Aug. 9, 2024

Group travel growth buoys Hilton’s Q2

Meanwhile, its system surpassed 8,000 hotels in July, CEO Chris Nassetta shared — also claiming that Hilton has more rooms under construction than any other hotel company.

By Noelle Mateer • Aug. 7, 2024

Hyatt posts RevPAR, net rooms growth in Q2

In the quarter, the company added rooms from its Mr & Mrs Smith acquisition, and another boutique hotel brand deal may be on the horizon.

By Jenna Walters • Aug. 6, 2024

Luxury, group travel in Las Vegas drove Q2 gains for MGM

The resort operator said room rates on the books in Sin City are higher for the third quarter as well, but Formula 1 in Q4 is “off to a soft start.”

By Jenna Walters • Aug. 1, 2024

Group travel, hotel conversions bright spots for Marriott in Q2

The hotel company saw increased RevPAR as well as portfolio growth in the second quarter of 2024, with both corporate traveler and developer momentum remaining strong.

By Jenna Walters • July 31, 2024

Accor exec talks new council ‘shaping the future of corporate travel’

Chief Sales Officer Sophie Hulgard discusses the priorities of Accor’s newly formed Global Leadership Council, including traveler well-being, sustainability and cost optimization.

By Noelle Mateer • July 30, 2024

Global business travel spending to surpass $2T by 2028: GBTA

Corporate travel expenditure this year will hit a record $1.48 trillion, according to a new report, signaling “a new era of post-pandemic stabilization.”

By Noelle Mateer • July 24, 2024

Corporate travel spend is up this year: Deloitte

A vast majority of business travelers enjoy the experience, but higher prices continue to impact their plans, according to a new report.

By Noelle Mateer • July 18, 2024