U.S. hotel profits grew in 2024 but were limited by inflation and labor costs
U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 2024 per-available-room metrics (% change from 2023) GOPPAR: US$73.60 (+3.2%) TRevPAR: US$209.67 (+7.2%) EBITDA PAR: US$51.88 (+2.5%) […]
Shatterproof Hospitality Heroes Reception convenes 70+ Hospitality Companies and raises $2.1M to drive solutions to the addiction crisis
Images by Shatterproof Hospitality Shatterproof, a national nonprofit organization and a leader in improving the way the healthcare system addresses and treats substance use disorders, honored Amanda Hite, president, STR, a CoStar Group company, with the 2025 Shatterproof Hospitality Hero Award. Hite is recognized for her courage and commitment toward raising awareness of substance use disorder and ending addiction stigma. As […]
Aethos acquires membership travel app Yayem
Reading Time: < 1 minute Europe: Lifestyle hotel brand Aethos has acquired Yayem, an experiential members’ club and travel app. Yayem is a global membership platform offering its users access to exclusive spaces. Now, members will gain access to all Aethos destinations in addition to existing Yayem member benefits. It will be powered by one […]
The Growing Trend for Cozy Getaways in 2025
In the mid-1800s, Scots had a word for the irresistible urge to stay snuggled in bed, even when the day beckoned: “hurkle-durkling.” This delightful term perfectly captures a travel trend the 80 DAYS team have identified in their latest report: travellers, particularly those in the coveted Zillennial demographic (born 1990-2000), are prioritising relaxation and literally […]
ESLA’s Inaugural Event Does Deep Dive Into Extended-Stay
The robust growth momentum of the extended-stay segment over the last several years was reinforced by a wide range of hotel executives during the Extended Stay Lodging Association (ESLA) Development & Operations Workshop Series. Brand executives and owner/operators alike shared some key strategies and best practices within the segment as they attended ESLA’s inaugural event […]
Experience Winter in Santiniketan
Nestled amidst the tranquil landscapes of West Bengal, the quaint town of Santiniketan transforms into a wonderland during the winter season. As the temperature starts dipping and the chilly air blows, backpackers start gathering to immerse themselves in a world of serenity, admiration, and inspiration. The winter season which typically spans from November to February, […]
A Closer Look at the Hotel Industry in Europe
Navigating Challenges and Opportunities: A Closer Look at the Hotel Industry in Europe – Image Credit Unsplash Rising costs and changes in demand present significant challenges for the UK and European hotel industry. Some predict that economic stress in the U.S. could lead to fewer Americans traveling to these regions. Despite these challenges, […]
Spring Break 2025: 6 Expert Tips for Hotel Marketers to Stay Ahead of the Trends
Spring break 2025 is almost upon us and the pressure is on for all hotel marketers. We know you’re already juggling 27 different spreadsheets, 14 marketing campaigns, and 3 “urgent” emails about the in-room Wi-Fi. Don’t worry, we’ve rounded up the hottest travel trends this year to incorporate into your spring break marketing plan. Let’s […]
Business Travel Industry Kicks Off 2025 with Optimism Amid Evolving Challenges, According to Latest GBTA Poll
Alexandria, Va. – Professionals in the business travel industry look forward to an engaged and productive year, according to the first Business Travel Outlook Poll of 2025, released today by the Global Business Travel Association (GBTA). While shifting economic conditions, geopolitical concerns and technology-driven changes continue to be areas of uncertainty, the poll results show […]
Yurbban Hospitality Group acquires Lennox Hotel Miami Beach, celebrates 10yr anniversary
Images by Yurbban Hospitality Group Yurbban Hospitality Group, a global hotel operator with roots in Barcelona, Spain, marks a decade of Yurbban Hotels with a bold expansion, adding Lennox Hotel Miami Beach to its growing portfolio. With a remarkable 50% growth in 2024 compared to 2023 and projected revenues exceeding €50 million in 2025, the company reinforces […]