Hotstats Hotel Market Report - Asia's Path Forward in 2024 - By Tareq Bagaeen
Earlier this week I was talking to a regional commercial head of Asia for one of the world’s largest hotel chains and the view forward into 2024 is one of concern, to say the least…
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Hotels in the United States saw general pressure on profit margins in the first half of 2023, with Gross Operating Profit (GOP) margin falling by 1 percentage point compared to the same period in 2022…
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Minor Hotels reports 120% Q2 profit growth as global travel demand surges
Global RevPar in Q2 grows 21% y-y, led by Thailand with 62% RevPar growth for owned hotels and 85% y-y growth across all Thailand properties.
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A focus on the margins: US hotel performance in the first half of 2023
Both the luxury and midscale and economy segments exhibited the greatest year-on-year margin declines.
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Company behind Fitzwilliam Hotel grows profit tenfold as tourists return
Results come as Mespil Hotel bounced back into profit last year as trading ‘improved significantly’…
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US president Joe Biden visiting Áras an Uachtaráin in April. The president stayed at the Conrad Dublin during his official visit to the capital…
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Global Hotel Industry Faces Mixed Fortunes Amid Rising Costs and Varied Demand
The global hotel industry is experiencing mixed fortunes as it navigates the post-pandemic landscape…
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