Hospitality building construction costs for 2023
Data from Gordian breaks down the average cost per square foot for 15-story hotels, restaurants, fast food restaurants, and movie theaters across 10 U.S. cities.
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U.S. hotel commentary – June 2023
June 2023 Top-Line Metrics (percentage change from June 2022)
Occupancy: 69.7% (-0.4%)
Average daily rate (ADR): US$158.40 (+2.3%)
Revenue per available room (RevPAR): US$110.33 (+1.9%)
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Hospitality’s Rich and Powerful are Ripping Off Staff – And It’s All Legal
Paying workers less than the industry award is illegal in Australia. High-profile perpetrators have been fined, publicly shamed and forced to close up shop. In some states, they even face jail time…
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GDS – Is it relevant for you in 2023?
One of the oldest distribution platforms, a GDS is a middleman that connects your hotel to travel agents looking for the right accommodation for their clients…
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Accor launches Handwritten Collection, two Australian hotels to open next month
Accor is doubling down on unique hotel experiences in the midscale segment with the launch of a new global brand, Handwritten Collection.
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What Can Hotels Learn from Short-Term Rental Technology Innovation?
Hotels are working within a world where change is at a pace never before experienced…
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Although we are on the path to recovery, the hospitality industry barely resembles its pre- Covid-19 state. Kostas Nikolaidis, Middle East and Africa executive for STR, examines today’s hotel sector and emphasizes the need for change…
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EUROPE’S SHORT-TERM RENTAL SEGMENT ON TRACK FOR STEADY GROWTH
The short-term rental segment in Europe was on track to generate gross bookings of over €40 billion in 2020 – then came COVID.
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Perception vs. Reality; A recap of predictions for 2021 vs. what took place
“The best-laid schemes o’ Mice an’ Men / Gang aft-a-gly” said Robert Burns in his poem To a Mouse in 1785…
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As the hotel industry looks to 2022, it can take comfort in 2021's robust leisure travel rebound.
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Emerging revenue management KPIs you need to know
The current revenue and distribution environment is becoming exponentially more complex…
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INTREPID TO OPEN “HYBRID HOTELS” ACROSS AUSTRALIA AND NZ THROUGH NEW JOINT VENTURE
INTREPID TRAVEL PLANS TO OPEN A SERIES OF “HYBRID HOTELS” ACROSS AUSTRALIA AND NEW ZEALAND THROUGH A JOINT VENTURE WITH DRIFTER HOSPITALITY GROUP…
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Low-touch hotels are here to stay
At the start of the pandemic, I implemented, when considered in retrospect, was an uncharacteristic experiment. For an entire day, I tried not to touch anything in a public space…
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Australia’s Crown Resorts Could Collapse Under Money Laundering Allegations
Crown Resorts‘ auditor on Thursday warned that numerous money-laundering probes into the Australian casino operator and the impact of the COVID-19 pandemic cast “material” uncertainty over the company’s ability to continue as a going concern…
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Australia hotel occupancy on a steep decline amid latest COVID-19 lockdowns
After being one of the highest-performing countries during the early portion of 2021, Australia’s hotel occupancy has been on a rapid decline amid the latest COVID-19 lockdowns across the country, according to data from STR through 1 August…
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IHG debuts next-generation Holiday Inn design in Australasia
IHG Hotels and Resorts has opened the first Holiday Inn property in Australasia to feature the brand’s next-generation design including an open lobby concept combining the hotel’s reception area, business centre, restaurant, bar and lounge…
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'Absolutely decimated': Sydney hotels just 2 per cent full
Occupying some of the most prized real estate in the city, Sydney's luxury hotels sit mothballed…
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Australian Hotels Win the Right to Undercut Online Travel Agents
Australia‘s competition watchdog on Friday said online booking agencies Expedia (EXPE) and Priceline Group’s (PCLN) Booking.com had agreed to allow Australian hoteliers to offer lower rates for direct bookings by telephone and walk-ins but not…
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