HOSPITALITY SOFTWARE FIRM Actabl recently introduced new bundled offerings designed to address hotels’ operational efficiency, profitability and workflow management. The bundles include features from its integrated solutions—ProfitSword, Hotel Effectiveness, Alice and Transcendent—providing solutions for business intelligence, labor management and operations and CapEx, Actabl said in a statement. “We are thrilled to unveil our new bundled […] <p>The post Actabl unveils products to boost hotel efficiency, profitability first appeared on Asian Hospitality.</p> ..read more

U.S. REVPAR LEVELS hit a record high in the third week of July despite Hurricane Beryl’s effects on the top 25 markets, according to CoStar. All metrics were up compared to the previous week, with positive year-over-year comparisons. Occupancy rose to 73.5 percent for the week ending July 20, up from 69.2 percent the previous […] <p>The post CoStar: U.S. hotel RevPAR hits record high in third week of July first appeared on Asian Hospitality.</p> ..read more

WYNDHAM HOTELS & RESORTS is quietly bouncing back after Choice Hotels International’s failed takeover bid. The company reported a net income of $86 million for the second quarter ending June 30, a 22.8 percent increase from $70 million the previous year. Wyndham’s global pipeline grew 7 percent year-over-year, with a 5 percent increase in the […] <p>The post Wyndham’s net income, pipeline growth reflect recovery following failed Choice bid first appeared on Asian Hospitality.</p> ..read more

Group travel business can bring hotels much needed revenue. Jeff Bzdawka, CEO of research firm Knowland, offers tips on how smaller hotels with limited meeting space can capitalize on this revenue stream. There is a science to sales. Those of us who work in the hospitality industry know many essential qualities are needed for successful […] <p>The post Article: Right tools help small hotels gain group travel business first appeared on Asian Hospitality.</p> ..read more

THE AMERICAN HOTEL & Lodging Association launched the “Hospitality Law Database,” giving hoteliers quick access to state and local laws affecting hotel operations. The online platform aids hotel owners, managers, HR professionals and lawyers in navigating the changing legal landscape of the hotel industry. The tool tracks laws across all 50 states, the District of Columbia and the top 25 U.S. hotel markets, AHLA said in a statement. “AHLA is laser focused on advocacy in support of legislation to protect and promote the hotel industry,” said Kevin Carey, AHLA’s interim president and CEO. “A ..read more

GLOBAL BUSINESS TRAVEL spending is forecast to reach $1.48 trillion by the end of 2024, surpassing the previous record of $1.43 trillion in 2019, according to a recent study by the Global Business Travel Association. Spending is projected to exceed $2 trillion by 2028, indicating strong growth for the business travel sector. The 2024 GBTA Business Travel Index Outlook, supported by Visa, found that economic stability and lingering pent-up demand are driving growth, reassuring CEOs and CFOs to send their teams back on the road for business meetings. “We are witnessing the expected rebound in th ..read more

ન્યૂયોર્ક સિટી કાઉન્સિલના સભ્યોએ તાજેતરમાં એક બિલ રજૂ કર્યું હતું જેમાં હોટલોને શહેરમાં સંચાલન કરવા માટે વધારાના લાઇસન્સ મેળવવાની જરૂર છે. જો કે, અમેરિકન હોટેલ એન્ડ લોજિંગ એસોસિએશને બિલને “વિનાશક” ગણાવ્યું હતું, ચેતવણી આપી હતી કે તે હોટલની કામગીરીમાં કાયમી ફેરફાર કરશે અને શહેરમાં હજારો નોકરીઓને જોખમમાં મૂકશે. બિલના પ્રાયોજકો દાવો કરે છે કે તે ઘણા મુદ્દાઓને સંબોધિત કરે છે, જેમાં મુખ્ય કાર્યો માટે પેટા કોન્ટ્રાક્ટરોનો ઉપયોગ કરવા માટે હોટલોને પ્રતિબંધિત કરવા, લઘુત્તમ સ્વચ્છતા ધોરણો અપનાવવા અને વેશ્યાવૃત્તિ અને માનવ તસ્કરીને રોકવા માટે નીતિઓ પ્રત્યે પ્રતિબદ્ધતાનો સમાવેશ થાય છે. AHLA ..read more

નેશનલ લેબર રિલેશન્સ બોર્ડે તાજેતરમાં ટેક્સાસના ન્યાયાધીશના ચુકાદાની તેની અપીલ પાછી ખેંચી હતી, જે તેના જોઇન્ટ એમ્પ્લોયર નિયમને અવરોધે છે. તેણે ફ્રેન્ચાઇઝર્સ અને ફ્રેન્ચાઇઝીઓ વચ્ચે કર્મચારીઓ માટેની વહેંચાયેલ જવાબદારીનો વ્યાપ વિસ્તાર્યો હોત. નિયમના વિરોધીઓએ કહ્યું કે તેનાથી હોટલ સહિતના નાના વ્યવસાયોને નુકસાન થશે, જ્યારે રાષ્ટ્રપતિ જો બાઇડેનના વહીવટીતંત્રે કહ્યું કે તે કર્મચારીઓને તેમના અધિકારોનું રક્ષણ કરવામાં વધુ સક્ષમ બનાવશે. શુક્રવારે, NLRB ..read more

A TOTAL OF 347 mergers and acquisitions, private equity and venture financing deals were reported in the global travel and tourism sector during the first half of 2024, according to GlobalData, a data and analytics company. That is a 12.6 percent year-over-year decline from the 397 deals in the same period of the previous year. North America saw a 31.7 percent year-over-year decrease in deal volume, while the U.S. experienced a 31.5 percent decline in the first half of 2024 compared to the same period the previous year, GlobalData said in a statement. “Even though there was a decline globally ..read more

CORPORATE TRAVEL SPEND by U.S. companies is expected to grow 8 to 12 percent, reaching or exceeding pre-pandemic levels by the end of 2024, according to a recent Deloitte study. Around 73 percent of travel managers expect their companies’ travel spend to increase in 2024, while 58 percent expect further increases in 2025, with projected gains averaging 14-15 percent each year. Deloitte’s 2024 corporate travel report, “Upward Climb with Uphill Struggles,” found that live events are a top growth driver, with 6 in 10 business travelers expecting to attend a conference, trade show or exhibition th ..read more