by Timm Hotel | Apr 8, 2024 | Hotel Industry News, Hotel News
Wyndham Hotels & Resorts is launching its 25th brand through a new partnership with extended-stay company WaterWalk. The deal adds 11 hotels and more than 1,500 rooms to the Wyndham ecosystem, reflagging them under the newly-created upscale WaterWalk Extended Stay...
by Timm Hotel | Mar 8, 2024 | Hotel Industry News, Hotel News
Cost increases plagued the nation’s biggest hotel chains in 2023, with expenses like labor and insurance eating into margins. But a steady stream of leisure travelers and higher room rates helped the companies maintain profitability. On their fourth-quarter...
by Timm Hotel | Dec 11, 2023 | Hotel Industry News, Hotel News
Hotel Outlook BCD projects average global hotel rates to increase by 6.8 percent year over year in 2024, according to the forecast. “Even as the pace of the recovery shows some signs of slowing, demand should continue to outpace available supply in many...
by Timm Hotel | Nov 30, 2023 | Hotel Industry News, Hotel News
U.S. hotel companies and real estate investment trusts reported higher revenues from groups booking rooms in the third quarter. Business Transient Demand Slow and Steady Many publicly traded U.S. hotel companies and real estate investment trusts reported a pickup in...
by Timm Hotel | Oct 25, 2023 | Hotel Industry News, Hotel News
One of the biggest challenges for PIPs and renovations right now comes down to aligning project costs with scope. “It’s difficult to always put your thumb on what pricing for specific products will be in today’s market and then in the future, so it’s important to...
