Skift has looked into the hurdles that several major U.S. cities face in trying to boost tourism — San Francisco and Portland are just two examples.
25.08.2023 - 14:05 / skift.com / Christopher Nassetta / Rashaad Jorden / Sean Oneill / Peter Van-Berkel / Bill Hornbuckle / William Parry
Good morning from Skift. It’s Monday, February 27. Here’s what you need to know about the business of travel today.
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Hotel executives are riding high after a largely stellar earnings season that reflected surging travel demand. And they’re bullish on the good times continuing in 2023, reports Senior Hospitality Editor Sean O’Neill in this week’s Early Check-in column.
O’Neill writes many executives believe a possible recession won’t hurt the hotel industry partly because of changing consumer behavior. Hilton CEO Christopher Nassetta said more
consumers are shifting their spending to experiences. MGM Resorts President and CEO Bill Hornbuckle also expressed optimism about a strong 2023. He said the company is confident about setting revenue records this March.
Next, short-term rental providers are seeing a surge in discounted last-minute bookings. That’s a trend more companies are looking to cash in on, writes Short-term Rentals Reporter Srividya Kalyanaraman.
Online travel marketplace Getawaygogo is one company optimistic that the trend of last-minute bookings will endure. Users can only book stays only 14 days in advance, which founder Bradley den Dulk said enables the company to offer deep discounts. Kalyanarman cites a study that revealed a 17 percent reduction in average daily rates for last minute reservations in the U.S. Meanwhile, William Parry, CEO of London-based property management company Altido, said it’s not unusual to see discounts of up to 60 percent on last-minute bookings.
However, some analysts believe major industry giants like Airbnb and VRBO aren’t concerned about the rise of platforms like Getawaygogo. Kalyanaraman notes travelers considering Airbnb aren’t generally looking for discounts.
Finally, U.S. tourism authorities are adamant that the country has made progress becoming a greener destination. However, they’ve done a poor job relaying that message to European travelers seeking sustainable travel options, writes Global Tourism Reporter Dawit Habtemariam.
Peter van Berkel, chair of the International Inbound Travel Association, admitted the U.S. has a sustainability perception problem with European tourists. He added that some potential visitors wrongly believe the U.S. is very little compared to Europe regarding sustainability. Habtemariam writes that perception could be a reason why European visitation to the U.S. has been slow to recover from the pandemic. A recent survey found roughly 70 percent of travelers are actively looking to travel more sustainably.
Van Berkel called on the U.S. travel industry to raise awareness of its sustainability success stories. He cited the U.S. National Park Service installing charging
Skift has looked into the hurdles that several major U.S. cities face in trying to boost tourism — San Francisco and Portland are just two examples.
Yet another U.S. hotel company faces a lawsuit about disclosing mandatory resort fees. Sonesta, which runs more than 1,200 hotels under various brand flags, faces a class-action suit in Washington, D.C., over how it displays its resort fees on its website and app.
Travelers United’s choice to sue Hyatt over its “junk fee” practices fits into a broader storyline about travel junk fees being in the limelight ever since President Joe Biden referred to travel fees in his 2023 State of the Union address.
Hoteliers are now in the middle of 2023 budgeting. It’s a tricky task given the uncertain forecasts.
“I’m really excited about the quality of the brand portfolio,” IHG CEO Keith Barr said at Skift Global Forum. Barr goes on to describe the current realities of the hotel business: it’s a real estate business at the end of the day, after all. But IHG has been hyper-focused on its brands and its franchise partners. “It’s been great because there’re such clearly defined brands that enable us to work with a number of opportunities,” he told Skift’s Sean O’Neill.
Not all hotels should pursue remote workers, a hotel group CEO has suggested, because they mostly served their purpose during the pandemic.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Good morning from Skift. It’s Friday, December 16, and we are headed back from a successful Skift Forum in Dubai. Here’s what you need to know about the business of travel today.
Ace Group International, the operator of a buzzy brand of 11 open Ace lifestyle hotels, will be acquired by Sortis Holdings, a Portland, Oregon-based hospitality firm, the companies said on Tuesday.
Stephanie Lampkin freely admits that her work entails dealing with arguably the most shameful aspect of U.S. history — slavery — and its continued impact on the country.
On January 17, I reported that Sortis Holdings would acquire Ace Group International, owner of Ace Hotels, for $85 million in cash. Executives for Sortis Holdings, a Portland, Oregon-based hospitality firm, weren’t available to speak when I wrote that article. But I’ve since interviewed them. Here’s some more color on their plans.
Hyatt Hotels Corp., which enjoyed a blockbuster financial performance in 2022, forecasted Thursday continued success this year, especially in the first half. The company expects to benefit from growing consumer interest in its lifestyle, luxury, and resort properties, returning group reservations for its banquet halls, and an expanding room count.