Business Travel: Page 5

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    Ziga Plahutar via Getty Images
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    How changing travel demand will impact hotel performance, investment in 2024

    Heightened group and international travel demand will drive RevPAR growth and investor appetite, though investment won’t come without hurdles, according to Newbond Holdings.

    By • Jan. 3, 2024
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    EXTREME-PHOTOGRAPHER via Getty Images
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    Group travel, international visitors to bolster US hotels in 2024: CBRE

    The company predicted economic headwinds nationwide but also noted that urban hotels in markets like Los Angeles and New York City could see boosts.

    By Michele Laufik • Dec. 21, 2023
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    felixmizioznikov/iStock/Getty Images Plus via Getty Images
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    Deep Dive // Hot Markets

    Market Spotlight: Miami

    Despite decreased year-over-year hotel performance, the market shows promise with RevPAR outpacing 2019 levels, business travel ramping up and a growing luxury pipeline.

    By • Dec. 13, 2023
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    EXTREME-PHOTOGRAPHER via Getty Images
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    Heightened group demand in major markets drives hotel profits: CoStar

    New York City and Dallas, cities experiencing a resurgence in group travel, led U.S. hotel markets in gross operating profit and total RevPAR in October.

    By • Dec. 8, 2023
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    The image by Maciek Lulko is licensed under CC BY 2.0
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    Deep Dive // Hot Markets

    Market Spotlight: Atlanta

    One of the nation’s biggest construction pipelines and a robust meetings and events industry are keeping Atlanta’s hotel market thriving.

    By • Dec. 1, 2023
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    EXTREME-PHOTOGRAPHER via Getty Images
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    Global business travel at near-full recovery, though challenges persist

    More industry professionals traveled for in-person meetings and conferences this year than last, but tight travel budgets remain a barrier, a GBTA poll shows.

    By • Nov. 1, 2023
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    Courtesy of Hilton
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    Hilton launches digital tools aimed at small-, medium-sized businesses

    Small and medium enterprises represent roughly 85% of the company’s total business transient guests. 

    By • Oct. 17, 2023
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    Ariel Skelley
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    Business travel to recover to pre-pandemic levels in 2024: GBTA

    Global business travel is expected to hit $1.4 trillion in 2024, boosting business travelers’ lodging spend and hotels’ global ADRs.

    By • Aug. 16, 2023
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    Spencer Platt via Getty Images
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    92% of business travel professionals say sustainability is a priority: report

    Research from the Global Business Travel Association found that companies are increasingly prioritizing sustainability in business travel, but their efforts are hampered by a lack of consistent emissions reporting.

    By • June 14, 2023
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    EXTREME-PHOTOGRAPHER via Getty Images
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    Business, group travel to lead hotel demand growth in 2023: report

    STR and Tourism Economics increased ADR and RevPAR predictions for their updated 2023 U.S. hotel forecast, but they also noted shifting macroeconomic conditions could pose a threat to hotels.

    By • June 12, 2023
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    jacoblund via Getty Images
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    Corporate travel returning at slower pace than leisure: Deloitte

    While business trip volume is up, corporate travel managers face higher hotel prices, tougher supplier negotiations and sustainability mandates.

    By Michele Laufik • May 26, 2023