Antitrust Lawsuit Targets Hotel Giants for Alleged Price Fixing with AI
A major antitrust class action lawsuit has been brought to federal court in San Francisco. The lawsuit, filed on Friday, accuses six prominent hotel operators of colluding to manipulate prices for their rooms through the use of AI-powered software…
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Graduation weekend means sky-high hotel rates
The graduation weekend for Florida A&M University and Florida State University is May 4-5. This promises to be a jam-packed weekend in Tallahassee, especially for hotels.
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2024 investment volumes for European hotels to be significantly ahead of last year, says Savills
According to Savills latest research, investment volumes for European hotels this year are expected to significantly surpass 2023’s numbers.
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‘It’s going to trickle down’: P.A. hotels react to carbon tax hike
This week’s carbon tax increase could be felt in the hospitality industry, according to a couple of hotel general managers in Prince Albert.
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Hotel chain eyes Taylor Swift and AC/DC boost after record revenue
Travelodge has said it could see a boost from Taylor Swift and AC/DC concerts this summer after it posted record revenues for last year.
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Nigeria: Hotels hike rates amid high operation cost …measure last resort to stay afloat
As hotels struggle to remain solvent in the face of From an average room rate of between N100, 000-N150, 000, this time last year, guests are now paying almost N300,000 for the same room category and some suites go from half a million per night…
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Croatian Hoteliers Plan Moderate Price Increases, Reflecting Economic Trends
This year, Croatian hoteliers are raising prices for rooms, food, and drinks, but the increases will be smaller than last year, according to a survey conducted by the Croatian Tourism Association (HUT) and the Association of Employers in Croatian…
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High prices and general wedding halls also bear costs
Even though the wedding hall has decreased by 29% in 6 years, Popularity of luxury hotels priced at hundreds of millions of won Reservation for Shilla and Lotte 1 year in advance at a good time It's twice as much as it was before the pandemic. High…
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Five-Star Venice Hotel Is a Glimmer of Hope for Signa Prime Creditors
A five-star hotel in Venice might just be one of the best chances for creditors of its insolvent owner, Signa Prime Selection AG, to recoup some of their losses.
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Tourism marketing body takes rosy view as hotel rates rise, conferences bound back
But tourism is operating in a “complex landscape,” where everything from interest rates to inflation and global events can have an influence…
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U.S. hotel profitability gains led by full-service chains, major markets
Overall, 14 of the top 25 markets reported double-digit increases in GOPPAR. Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S…
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Hotel prices rise most in Antalya last year
Antalya, Türkiye’s famous holiday destination, led the increase in hotel prices last year, according to the data from the Hotel Association of Türkiye (TÜROB)…
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Paris Hotels Triple Rates for 2024 Olympics - Opener, Study Finds
Hotels in Paris are tripling their prices to over €1,000 on average for the opening night of the 2024 Olympic Games, according to a study by consumer organisation UFC-Que Choisir…
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Olympic Night will see exorbitant hotel prices in Paris
As the Olympic Games for 2024 draw near, hotels in Paris decide to increase their rates. The hotel rates will surge exponentially during opening night for Olympic games in Paris…
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New $250 Minimum Charge: Hotels Are Killing Room Service, Slowly And Then All At Once
The Cosmopolitan Hotel in Las Vegas, a Marriott Autograph Collection property, now has a $75 minimum for room service. And if you want proper plates and napkins, rather than cardboard and paper, there’s a $250 minimum for that…
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While the April 2024 total solar eclipse is still four months away, for those who’ve waited to plan a trip to the path of totality, they may find it difficult to find accommodations, particularly at an affordable rate…
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Be aware: Tricky price increases at Hungarian hotels
The hospitality industry is witnessing a shift in pricing strategies as hotels grapple with cost increases…
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Hotel Room Rates Projected to Increase Worldwide in 2024
Global hotel rates are expected to increase by 6.8 percent on average in 2024, according to the latest outlook published by BCD Travel…
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