The news from the world
The news from the world
U.S. hotel performance showed mixed results over the previous week, according to CoStar’s latest data through 24 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 18-24 February 2024 (percentage change from comparable week in 2023): Occupancy: 62.0% (-3.3%) Average daily rate (ADR): US$156.62 (+0.3%) Revenue…
Research reveals that the future of the hospitality industry as we know it is at risk — Source: Strategic Solution Partners Strategic Solution Partners (SSP) has once again partnered with SearchWide Global (SWG) and SalesBoost to survey the main groups of hospitality stakeholders and find viable solutions to the ongoing staffing challenges. The Talent Trends…
In the first post of this series, we explored the value proposition of machine learning (ML) to the hospitality industry. It was a pretty straightforward article to write because ML is already generating demonstrable value for hotels and hotel companies, and there are still substantial financial gains to be realized by the technology. Now let’s…
New York, New York – Beyond Green, a global portfolio of planet Earth’s most sustainable hotels, recently welcomed the addition of seven new member properties, marking a significant expansion for the brand. Among these additions are the brand’s inaugural properties in Colombia and Zimbabwe, as well as multiple new additions in Spain and India, further…
Investment Trends Increased cost of financing and ongoing economic and geopolitical headwinds in the CEE region, caused 2023 transaction volumes to drop by 18% compared to 2022. However, the volume invested by international buyers increased by 197% over the same period, illustrating the region’s rising attractiveness for inbound capital. Several significant deals are progressing since…
washington — Civil liberties declined globally for the 18th consecutive year in 2023, with conflict and flawed elections the biggest factors, a new report has found. Political rights and civil liberties deteriorated for more than one-fifth of the population, the non-profit group Freedom House found. And only one-fifth of the 210 countries and territories the research…
Alabama’s Republican-led legislature on Thursday passed a bill aimed at protecting the IVF industry after the state Supreme Court ruled that frozen embryos should be considered children, prompting at least three Alabama providers to halt the fertility procedure. The bill passed the Senate 34-0, with one member abstaining, after passing the House by a vote…
WASHINGTON — The House passed another short-term spending measure Thursday that would keep one set of federal agencies operating through March 8 and another set through March 22, avoiding a shutdown for parts of the federal government that would otherwise kick in Saturday. The Senate is expected to vote on the bill later in the day.…
WASHINGTON — U.S. security officials are bracing for an onslaught of fast-paced influence operations, from a wide range of adversaries, aimed at impacting the country’s coming presidential election. FBI Director Christopher Wray issued the latest warning about attempts to meddle with American voters as they decide whom to support when they go to the polls come…
