Hotel Business

NOVEMBER 13, 2024

Projects scheduled to start construction in the next 12 months account for 399 projects/57,828 rooms, making up 24% of both projects and rooms. Projects in the early planning stage comprise 508 projects/72,329 rooms, accounting for 31% of the projects and 29% of the rooms in the total pipeline.

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Hotel Business

NOVEMBER 11, 2024

Combined, these two chain scales account for 59% of both projects and rooms in China’s hotel construction pipeline. LE analysts expect new hotel openings in China to rise in 2025, with 1,101 new hotels with 176,140 rooms forecast to open in 2025.

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Hotel Business

NOVEMBER 8, 2024

The upper-upscale, upscale and upper-midscale chain scales account for 61% of projects and 64% of the rooms in the pipeline. Looking ahead, the LE forecast for new hotel openings expects an additional 339 new hotels with 72,518 rooms to open in 2025, followed by 337 new hotels with 65,668 rooms in 2026.

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Hotel Business

OCTOBER 29, 2024

These top five markets combined account for 732 projects/88,904 rooms. During the third quarter, 401 new project announcements (NPAs), accounting for 42,413 rooms, were revealed. Looking ahead, LE forecasts 759 new hotel openings/86,264 rooms in 2025 and 938 new hotel openings/101,017 rooms in 2026. In Q3, five U.S.

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Hotel Business

OCTOBER 18, 2024

trillion through 2025,” Schlosser said. Multifamily originations are the next most significant sector, with the two asset classes accounting for 80% of all credit transactions. Peachtree was ranked as the seventh-largest U.S. Notable credit transactions closed this year: $41.9

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Reservations Accounting Marketing 110

Hotel Business

JULY 30, 2024

Extended-stay brands continue to remain popular with developers, accounting for 36% of the total projects under construction, 33% of projects scheduled to begin within the next 12 months and 34% of projects in the early planning stage. in 2025; and in 2026, the chain scales should have 3% and 2.6% growth, respectively.

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Scheduling Accounting 106

Hospitality Net

JUNE 28, 2024

With focus on its ambitious goal of becoming the first net zero CO2-emission hostel chain in Europe by 2025, a&o Hostels, the world’s largest hostel chain, has released the a&o Sustainability Report 2023, the second annual account documenting its efforts and progress on sustainability issues while serving as an inspiration – even a road map – for other (..)

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Hotel Business

JULY 28, 2023

Upscale and upper-midscale new-construction projects dominate the pipeline at Q2, accounting for 62% of the projects and 57% of the rooms in the total U.S. In 2024, 236 projects/24,281 rooms, and in 2025, 319 projects/32,798 rooms are forecast to open in the extended-stay segment. construction pipeline. hotel construction pipeline.

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Hotel Business

JUNE 5, 2024

with 2,272 projects/341,854 rooms, accounting for 41% of the projects in the total global full-service pipeline, then China with 1,688 projects/414,323 rooms. These five countries, combined, account for 86% of the full-service projects in the total global pipeline. Distantly following is India with 334 projects/46,586 rooms.

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Hotel Business

OCTOBER 30, 2024

Ontario dominates provincial hotel construction, accounting for 59% of projects and 61% of rooms countrywide with record counts of 193 projects/24,697 rooms. In 2025, LE is forecasting another 35 hotels (3,875) rooms to open, which will increase Canada’s supply totals by 1.1%. increase in supply.

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Hotel Business

NOVEMBER 12, 2024

Promote paid amenities According to a recent report by Oracle and Skift, nearly half of hotel executives expect non-room revenue to account for an increasing share of their hotel’s revenue by 2025.

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Accounting Book Communication Events 52

Hospitality Magazine

AUGUST 21, 2024

The changes come into effect on 26 August 2024 for non-small business employers and 26 August 2025 for small business employers. Changes to casual employment A new definition of “casual employee” will be introduced to the Fair Work Act. All awards will be required to include a “right to disconnect” term by 26 August.

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Definition Document Information Accounting 238

Hotel Business

AUGUST 16, 2024

Projects planned to start construction in the next 12 months account for 412 projects/59,850 rooms, making up 25% of the projects and 24% of the rooms. Projects in the early planning stage comprise 513 projects/71,696 rooms, accounting for 31% of the projects and 29% of the rooms in the total pipeline.

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Hotel Business

JANUARY 30, 2024

At Q4, projects currently in the under construction stage account for nearly half of the projects and rooms in Latin America’s total pipeline. Luxury, upper-upscale and upscale projects dominate the projects in the region’s total pipeline at Q4, accounting for 58% of the total projects and 64% of the total rooms.

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Hotel Owner

AUGUST 24, 2023

It also stated that the United Kingdom, Germany, France, Portugal, and Turkey are expected to continue to lead Europe with the most hotels forecast to open through 2025. These five global franchises have accounted for 50% of the projects in Europe’s pipeline.

Accounting 98

Accounting 98

Hotel Business

SEPTEMBER 27, 2023

presented the company’s three-year financial model through 2025 at its meeting with institutional investors and security analysts today at the W South Beach in Miami Beach. million rooms by year-end 2025. billion in 2025. billion in 2025. billion over the three-year period through 2025. billion to $5.8

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Hotel Business

AUGUST 7, 2024

Chain scale segments with the largest number of projects in Canada’s total pipeline at the Q2 close include the upper-midscale segment with 131 projects/13,822 rooms, accounting for 41% of the project and 34% of the rooms in the country’s total pipeline, and the upscale chain scale with 57 projects/7,850 rooms.

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Hotel Business

AUGUST 22, 2024

Upper-midscale, upscale and the midscale chain scales dominate the pipeline at Q2, accounting for 65% of the projects in the total pipeline. accounts for 39% of the projects in the global pipeline, while China accounts for 25%, resulting in 64% of the global pipeline being concentrated within just two countries.

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Hotel Business

OCTOBER 31, 2024

Geographically, Mexico (229 projects/35,975 rooms) and Brazil (103 projects/15,731 rooms) accounted for a significant 52% of the total project count and 50% of the room count. The Dominican Republic followed with an all-time high of 59 projects/14,407 rooms, then Colombia with 27 projects/3,671 rooms.

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Scheduling Accounting 59

Hotel Business

APRIL 30, 2024

At the Q1 close, hotel construction projects in the province of Ontario account for 59% of the projects and 60% of the rooms in the total pipeline, for new all-time highs of 186 projects and 23,839 rooms. These three provinces account for 84% of the projects and 87% of the rooms in the total pipeline in Canada at Q1.

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Hotel Business

AUGUST 15, 2024

According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. LE analysts forecast a total of 937 new hotels and 139,673 new rooms to open by year-end 2024.

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Hotel Business

MAY 29, 2024

Projects scheduled to start construction in the next 12 months total eight projects/1,079 rooms, and those in early planning account for 23 projects/4,815 rooms. These three market tracts combined account for 59% of the projects and 65% of the rooms in the market’s total construction pipeline. Of the top 50 markets in the U.S.,

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Hotel Owner

AUGUST 29, 2024

temporarily on account of the newly-opened art’otel Zagreb and art’otel London Hoxton. As a result of the extended construction and fit-out programmes of art’otel London Hoxton and art’otel Rome Piazza Sallustio, their positive EBITDA contributions are forecasted to commence from 2025 onwards.

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Accounting Events Marketing 52

Hotel Owner

JUNE 11, 2024

Mandarin Oriental Hotel Group has recently announced a significant stride in environmental stewardship with the goal of having food waste technology installed across all its hotels by the end of 2025. The group is now planning to roll out Winnow’s technology to all 40 hotels by the end of 2025.

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Information Accounting 52

Hotel Business

MAY 16, 2024

These three chain scales account for 55% of the projects in the region’s total construction pipeline. These five countries account for 51% of the projects and 48% of the rooms in the region’s total pipeline at Q1. Upper-midscale projects closed the first quarter with 305 projects/46,020 rooms. with 321 projects/45,257 rooms.

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Hotel Business

NOVEMBER 13, 2023

Furthermore, the luxury, upper-upscale and upscale chain scales each hit peak project counts at the end of Q3 and account for 53% of the projects in the region’s hotel construction pipeline. Next is Vietnam with 243 projects/87,062 rooms, then Indonesia with 212 projects/35,333 rooms.

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Hotel Business

AUGUST 12, 2024

The upper upscale, upscale and upper-midscale chain scales dominate the pipeline, accounting for 62% of projects and 65% of rooms. Countries with the most projects in the APEC construction pipeline at Q2 are led by India with a record-high 610 projects with 75,280 rooms and accounting for 30% of the projects in the total APEC pipeline.

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Hotel Business

FEBRUARY 15, 2024

Looking ahead, an additional 945 projects, accounting for 98,959 rooms, are slated to commence construction within the next 12 months, reflecting an increase of 12% by projects and 13% by rooms compared to the same period last year. This proactive approach mirrors a keen response to the shifting dynamics of travel. construction pipeline.

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Hotel Business

FEBRUARY 29, 2024

represents 39% of the projects in the total global pipeline, while China accounts for 25% of the projects in the total pipeline, resulting in 64% of all global projects in just these two countries. Globally, during 2023, 1,978 new hotels opened, accounting for 292,380 rooms. Following the U.S. At Q4, the U.S.

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Hotel Business

JUNE 18, 2024

Combined, these two chain scales account for 44 projects/5,007 rooms. In 2025, Charlotte is expected to grow its supply by 1.5% Projects scheduled to start construction in the next 12 months stand at 31 projects/3,466 rooms and those in early planning total 25 projects/2,871 rooms. supply growth rate by rooms.

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Hotel Business

FEBRUARY 12, 2024

At the close of the quarter, projects currently under construction account for 47% of the projects in the region’s total pipeline, with 922 projects/212,607 rooms. LE analysts forecast another 381 new hotels with 74,341 rooms to open in 2024 and 379 new hotels with 76,422 rooms to open in 2025.

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Hotel Owner

DECEMBER 5, 2022

respectively between 2022 and 2025, compared to a national average of 1.4% Over 30,000 new rooms have opened in the UK since the start of 2020, with regional UK accounting for 70% of this new supply. Of these five cities, Glasgow and Manchester are set to record the highest annual supply growth of 5.0% growth forecast.

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Hotel Business

OCTOBER 26, 2023

construction pipeline, accounting for 38% of the projects and standing at 2,149 projects/209,895 rooms at the Q3 close. construction pipeline are extended-stay projects, accounting for 38% of projects in the total pipeline. LE analysts expect new hotel openings to increase in 2024 and 2025, representing a 1.4%

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Hotel Business

MAY 7, 2024

These three countries account for 61% of the projects in the total pipeline and 62% of the rooms. Renovation and conversion activity remains strong in Latin America at the end of Q1, accounting for 146 projects/29,191 rooms. YOY, this represents an increase of 13% by projects and 33% by rooms.

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Hotel Business

JANUARY 4, 2024

As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. In addition, the company paid down its October 2025 maturity term loan to $410 million from $460 million, and paid down $47.6 The company paid down approximately $157.6 million of existing term loans and unsecured private placement notes.

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Workforce Bulletin

FEBRUARY 1, 2023

Emergency Savings Account Beginning in 2024, employers can provide an emergency savings account, or ESA, for non-highly compensated employees. As featured in #WorkforceWednesday : The SECURE 2.0 Act of 2022 (“SECURE Act 2.0”) is a sweeping piece of retirement legislation with complex new provisions.

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Accounting Presentation 52

Hotel Business

AUGUST 30, 2023

Luxury, upper-upscale and the upper-midscale chains dominate the pipeline at Q2, reaching record project counts at Q2 and accounting for 47% of the projects in the total pipeline. Three franchise companies top the global construction pipeline by project count at Q2, accounting for 50% of the projects in the total global pipeline.

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