This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Hospitality Financial and Technology Professionals (HFTP®) has introduced a new program to identify authorized providers of software products and services which use elements from the Uniform System of Accounts for the Lodging Industry (USALI™), a guidance for standardized industry financial reporting and analysis.
In Q3 alone, 97 new full-service hotel projects were announced into the pipeline accounting for 13,968 rooms. This expansion trajectory is expected to accelerate, with 283 projects (41,444 rooms) slated to open in 2025, followed by a further increase to 343 projects (44,863 rooms) in 2026. Limited-service accounts for 81% of U.S.
With the January 20, 2026 compliance deadline for the U.S. This kind of dialogue will not only help you gauge their readiness but also build stronger partnerships based on mutual accountability. Better food safety has never been more in reach, thanks to advancements in traceability standards and technology.
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. These two chain scales are forecast to have the highest growth rates, through 2026.
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.
Hyatt has announced the continued global expansion of its luxury brand portfolio with a pipeline of openings over the next three years across Europe, Africa and the Middle East (EMEA), which is set to grow by over 30% by 2026.
Ontario dominates provincial hotel construction, accounting for 59% of projects and 61% of rooms countrywide with record counts of 193 projects/24,697 rooms. Scheduled new hotel openings for 2026 are anticipated to be 44 hotels adding another 5,079 rooms, a 1.4% increase in supply.
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.
At the close of the quarter, projects under construction accounted for 41% of the total pipeline with 848 projects and 47% of the rooms in the pipeline with 196,408 rooms. In total, these three chain scales account for 1,261 projects totaling 260,178 rooms, or 60% of projects and 63% of rooms in APECs pipeline.
These three chain scales account for approximately 75% of the projects in the total U.S. Looking ahead, LE analysts anticipate 848 new hotels with 92,892 rooms to open by year-end 2026, for an increase in supply of 1.6%. construction pipeline at the end of the first quarter. growth rate. The post U.S.
Ontario continues to lead by far in provincial development at the Q4 close, achieving historic highs with 200 projects/26,976 rooms, showing impressive growth of 16% by projects and 17% by rooms YOY and accounting for 60% of the countrys total pipeline. Manitoba has reached record highs of 14 projects/1,432 rooms.
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.
The industry is projected to grow between 6-10% annually through 2026. According to new research from Phocuswright, the global travel market has rebounded significantly, surpassing pre-pandemic levels with a 24% increase in gross bookings in 2023, reaching a total spend of $1.5
trillion by 2026 , validating consumers’ desires to have and use gift cards. By outsourcing a gift card program, restaurants can welcome the benefits of a gift card program without having to worry about the complexities that come with issuance, compliance, management, processing, accounting, distribution and promotion.
A few years ago, Australian roasters Single O determined that spent coffee grounds accounted for more than 20 per cent of its carbon emissions. Single O aims to halve carbon emissions by 2026 and achieve Net Zero by 2030. The number shocked CEO Mike Brabant.
It automatically extracts key order details—such as account information, location, and the orderer's name—regardless of how the order is submitted. With the Food Safety Modernization Act (FSMA) taking effect in 2026, what industry needs to know in 2025: The first step is to standardize your data.
trillion and accounting for nearly 70% of the global economic impact. billion by 2026, growing at a CAGR of over 9.7% from 2021 to 2026. A study by PwC predicts that the most significant boosts to GDP from AI will be in China (26% in 2030) and North America (14.5%), totaling a staggering $10.7
The Global Finance Committee (GFC), a committee of diverse industry professionals sponsored by the Hospitality Financial and Technology Professionals and the American Hotel and Lodging Association is responsible for the production of the Uniform System of Accounts for the Lodging Industry (USALI).
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.
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.
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.
Following the last edition published in 2014, the new 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI) has its debut this year (the e-book version is now available) and will be placed in effect on January 1, 2026.
Utility costs vary by property type Per the 11th edition of the Uniform System of Accounts for the Lodging Industry, utilities expenses consist of the costs for electricity, gas, oil, fuel, steam, water and sewer. through 2026. The 2,500 hotels from our monthly Trends survey was used to estimate 2024 performance levels.
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.
At the close of the third quarter, projects currently under construction stand at 296 projects/79,978 rooms, accounting for 49% of the region’s total pipeline projects. Through the third quarter of 2024, the Middle East opened 51 new hotels accounting for 9,356 rooms, of which 14 new hotels/2,504 rooms opened in Q3.
The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026. These two countries account for 52% of the projects and 49% of the rooms in the total pipeline.
A newly revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available, published by Hospitality Financial and Technology Professionals (HFTP). ” Periodically, the USALI undergoes revision to align with the evolving landscape of hotel operations and accounting standards.
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.
The property is scheduled for completion in 2026 and marks the third location in Bremen for the group. Elsewhere in Europe, limehome has also signed office conversion projects in Salerno and Milan which are expected to open in 2026 and 2027 respectively. An additional 3,000 converted apartments are planned until 2027.
Projects under construction stand at 814 projects/125,657 rooms, while projects scheduled to start construction in the next 12 months account for 419 projects/62,625 rooms. These five countries account for 54% of projects and 51% of rooms in the region’s total pipeline at Q1.
Three chain scales dominate the Middle East’s total pipeline in the second quarter, accounting for 77% of projects and 79% of rooms. Looking ahead, new hotel openings are forecast to increase slightly in 2025 to 102 new hotels with 25,914 rooms, and further in 2026 with 121 new hotels and 24,766 rooms expected to open.
Following the last edition published in 2014, the new 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI) has its debut this year (the e-book version will be available in July) and will be placed in effect on January 1, 2026.
However, Phoenix’s projects account for more rooms at 3,993, compared to Nashville’s 3,049 rooms. Three hundred one new project announcements (NPAs), accounting for 39,793 rooms, were announced during the second quarter. New York leads with 46 projects totaling 7,572 rooms, followed by Dallas with 30 projects and 3,523 rooms.
Manchester accounted for 31m, with the largest sale being the Travelodge at Piccadilly Gardens for 24m. At Edyn, he will drive new hotel developments, including Locke hotels in Paris (2025) and Copenhagen (2026), and expand the businesss pan-European portfolio, which achieved record performance in 2024. in 2023, according to Savills.
The trade organisation has argued that evidence submitted to the LPC was “out of date” and that it would have been better to wait until 2026 to make changes.
Wyndham holds the highest number of units in Phuket’s branded residences primary market – accounting for 46 per cent of market share. New brands to enter the market include The Standard (scheduled to open in Bangtao, 2026) and Rosewood (opening in Kamala, date to be announced).
Billion by 2026, at a CAGR of 17.2%. Include all the primary keywords on your website pages and ensure that your restaurant’s Google My Business account is up to date. Cloud kitchen has become one of the fastest-growing segments in the foodservice industry today. Don’t forget to optimize your website for mobile devices. .
Billion by 2026, at a CAGR of 17.2%. Also, consider optimizing the route plans while taking employee scheduling into account. . Cloud Kitchens, also known as ghost kitchens, dark kitchens, virtual restaurants, and delivery-only restaurants, have proved to be the next big thing in the restaurant industry. Put Automation In Place.
A Global Business Travel Association (GBTA) report estimated a full recovery of global business travel by 2026 – a result of many factors such as the Russian-Ukraine conflict causing inflation, high energy prices, labor shortages, supply chain, and frequent lockdowns in the world’s largest nation, China.
Gen Z Is Shaking Up Guest Expectations Gen Z, which includes those born between 1996 and 2010, is expected to become the largest consumer group in the US by 2026 , at 82 million. Hotels that provide amenities such as strong, secure wifi, tech-inspired coworking lobbies, and off-hours guest experiences can appeal to this growing segment.
According to a report by Business Wire , the Indian online delivery market is expected to grow at a formidable rate of 28.94% in the forecast period of 2020-2026. Now they are more reliant on online ordering services and less on dine-in services for boosting revenues and helping restaurants survive. .
. • Business rates for retail, hospitality and leisure properties There will be a permanently lower business rates multiplier f0r retail, hospitality and leisure [RHL] properties from 2026/2027. A 40 per cent relief on business rates will be provided with a cap of up to £110,000 per business for 2025 and 2026. •
If you’re interested in striking a chord with Gen Z, consider setting up social media accounts and using them as a customer service channel. Even billboards continue to attract diners, but how can you attract and capture the next generation’s attention and loyalty? Hence, it is more lucrative to open a takeaway restaurant now.
Global spending is expected to recover to pre-pandemic levels by the end of 2024—faster than the previously projected mid-2026 forecast in last year’s BTI Outlook. On average, lodging accounts for $391 and food and beverage is $189. The estimated breakdown of the $1.03
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content