Finance

Federal Per Diem Set for 2024/25: A Win for the Lodging Industry

The federal government per-diem rate is made up of a lodging allowance, a meals allowance, and an incidental expense allowance. The per-diem lodging rates, which set the maximum amount a federal traveler can reimburse, are based on the average rates...

Chelsey Leffet

Managing Director, Northeast Leader, HVS

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HVS

Asia Pacific Hospitality Newsletter - Week Ending 16 August 2024

Kasumigaseki Capital Transacted Two Japanese Hotel Development Sites, Osaka’s New Mixed-use Development Opens with Three New Hotels, The Light City Mixed-Use Development in Penang is Set to Welcome Two New Hotels, Malaysia Set to Enhance Cruise Tour...

HVS

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Asia Pacific Hospitality Newsletter - Week Ending 16 August 2024

U.S. Hotel Development Cost Survey 2024

Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room and per product type.

Luigi Major

Vice President, Houston at HVS

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HVS

What Hotel Procurement Leaders Can Learn from the Paris 2024 Olympics

What Hotel Procurement Leaders Can Learn from the Paris 2024 Olympics

This summer, as we witnessed the world’s top athletes compete in the 2024 Olympics in Paris, there were some profound parallels between pursuing excellence in sports and leading procurement in hospitality. Both domains demand precision, innovation, ...

Johannes Vocke

Chief Financial Officer at FutureLog

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Information Technology

What Hotel Procurement Leaders Can Learn from the Paris 2024 Olympics

The Number 1 Financial Mistake Hoteliers Make

Now that’s a big statement to put out there, but I’m very confident that I’m pretty close to 100% correct with my observations. The reason why I’m so sure is that I know most hoteliers are not financial people and they are oblivious to the issue I a...

David Lund

The Hotel Financial Coach

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Finance & Accounting

David Lund

Europe Hotel Transactions Bulletin - Week Ending 02 August 2024

Premia to acquire two hotels in Greece from Nordic Leisure Travel Group, Atom divests Exe Coruna hotel in Galicia, Spain.

HVS

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Real Estate & Investment

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Partnerships, Mergers & Acquisitions

Europe Hotel Transactions Bulletin - Week Ending 02 August 2024

Capitaland Ascott Trust is the First Lodging Trust to Secure OCBC 1.5°C Loan

CapitaLand Ascott Trust (CLAS) is the first lodging trust to secure an OCBC 1.5°C loan. With this S$165 million sustainability-linked multi-currency revolving credit facility, CLAS will receive interest rate reductions upon meeting the agreed annual...

The Ascott Limited

The Ascott Limited

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Environment & Sustainability

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Finance & Accounting

Capitaland Ascott Trust is the First Lodging Trust to Secure OCBC 1.5°C Loan

The Power of Integrated Payments in Hospitality Businesses

The Power of Integrated Payments in Hospitality Businesses

When guests check into a hotel or enjoy a meal at a restaurant, they expect more than just essential services—they seek an exceptional experience. From reservation to payment, an integrated payment system is crucial for meeting these expectations. H...

Shiji Group

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Property Technology

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Finance & Accounting

The Power of Integrated Payments in Hospitality Businesses

Marriott International Reports Second Quarter 2024 Results

Anthony Capuano, President and Chief Executive Officer, said, “Marriott reported strong second quarter results, with net rooms up 6 percent year over year and worldwide RevPAR[1] growth of nearly 5 percent, as consumers continued to prioritize trave...

Marriott International, Inc.

Marriott International, Inc.

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Marriott International Reports Second Quarter 2024 Results

From Revenue Management to Profit Management: A Culture Shift in Hotel Commercial Strategy

From Revenue Management to Profit Management: A Culture Shift in Hotel Commercial Strategy

We all know the backstory: After COVID forced many hotels to close their doors for months on end, travel came roaring back, and for a few years the industry benefitted from “revenge travel” that paved the way for record-breaking rate growth.

Jason Q. Freed

Hospitality Data Evangelist

Otelier (formerly myDigitalOffice)

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Property Technology

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Revenue Management

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Finance & Accounting

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From Revenue Management to Profit Management: A Culture Shift in Hotel Commercial Strategy