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Global Air Travel Capacity Set to Surpass Yearly Flight Figures in 2018 and 2019

Hospitality Net

Travel offered to both corporate and leisure clients combined is set to surpass the annual travel capacity in 2018 and 2019, that is according to FCM Consulting’s Q4-2023* Quarterly Global Trends Report, citing data from Cirium.

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Hotel operators charged peak 2018 season prices in March 2023

Hotel Owner

Hotel operators have continued to outperform the wider hospitality sector as they were able to charge the same room rates as peak season prices in 2018, despite March’s wet weather, according to the RSM Hotel Tracker. to £203.48, with the rates charged in March 2023 being similar to those charged in July 2018, the peak season for the sector.

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Marriott International Resolves State Attorneys General and Federal Trade Commission Investigations into 2018 Starwood Database Security Incident

Hospitality Net

State Attorneys General and the District of Columbia in relation to the 2018 Starwood Hotels and Resorts Worldwide guest reservations database security incident. (NASDAQ: MAR, “Marriott”) has reached final resolutions with the Federal Trade Commission (FTC) and 49 U.S.

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Middle East Hotel Construction Pipeline Marks Highest Year-Over-Year Project Growth Since 2018

Hospitality Net

The region boasts an impressive 11% year-over-year (YOY) increase in projects and a 2% YOY rise in rooms, marking the most substantial growth by projects since Q1 2018.

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Jakarta hotel ADR and RevPAR highest since October 2018

Hospitality Net

Jakarta’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) levels since October 2018, according to preliminary June 2023 data from STR.

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CBRE Hotel Brand Performance 2024 Report: Navigating Slower RevPAR Growth to Make Strategic Brand Selections

Hospitality Net

between 2018 and 2023 from 3% between 2013 and 2018. Only 30% of brands delivered above-average RevPAR growth over the past five years, down from the 52% of brands with above-average RevPAR from 2013 to 2018. Slowing RevPAR growth and maturation of the U.S. hotel industry are driving brand proliferation to attract new customers.

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STR: Jakarta hotels post highest room rates since 2018

Hospitality Net

Jakarta’s hotel industry posted its highest monthly average daily rate (ADR) since August 2018, according to preliminary April 2023 data from STR.

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