Jack Easdale

Despite initial concerns, hoteliers are seeing the promising start of new demand after Miami Beach "broke up" with spring breakers. In this HNN article, Bryan Wroten examines how hoteliers coped with this decision, what their adapting strategies looked like, and how they'll plan for 2025 . More here: https://bit.ly/3VTXLlE

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Did you know: Data suggests that wine has a much lower carbon footprint than bottled water? #Sustainability #Stepstosustanability #Trees4events #Trees4Travel #LiveEvents https://lnkd.in/eZpwBmP6

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On a NEW No Show @CoralTree-hospitality's @Arlene Ramirez and @HotStats' @Tanya Venegas help us untangle and understand the Uniform System of Accounts for the Lodging Industry (#USALI), an essential tool that guides financial management and reporting across hotels. How it started, why hotels use it, and how it's staying up-to-date. https://hubs.ly/Q02BvM580

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The just in! U.S. hotel performance is now being led by weekdays. After some fluctuations due to events like the eclipse and holidays, normal patterns returned with solid weekday performance and strong group demand. https://lnkd.in/e6iV8gWv #TheHardyGroup #HARDY #HotelPerformance #Hotel #Hospitality #Resort #CostarNews #Data #Analytics #Analysis

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U.S. hotel performance surged with the help of the total solar eclipse, as reported by CoStar for the second week of April: - Occupancy: 65.8% (+2.8%) - ADR: $160.20 (+2.9%) - RevPAR: $105.48 (+5.8%) Philadelphia led the Top 25 Markets with significant increases in occupancy (+23.2%) and RevPAR (+45.7%), driven by WrestleMania 40. Dallas, along the eclipse's path, saw notable gains in ADR (+20.1%) and RevPAR (+38.8%). https://lnkd.in/eqCZHViV #HARDY #TheHardyGroyup #HotelPerformance #SolarEclipse #Hospitality #Hotel #April #Data #Analytics #Urban #Travel #Tourism

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📉 U.S. Hotel Forecast Downgrade: What It Means for You 🏨 STR and Tourism Economics have downgraded the 2024-2025 U.S. hotel forecast, reflecting economic uncertainties and shifts in traveler behavior. Understand the key factors influencing this outlook and how the hospitality industry can navigate the challenges ahead. 📖 Explore the detailed forecast: https://lnkd.in/gx9jPwx5 #Hospitality #HotelIndustry #Forecast #HSMAIHawaii

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Drawing on feedback from 300 #traveladvisors who specialize in #cruise, #Virtuoso found that 58% believe it will emerge as the strongest #tourism sector in 2024-25, surpassing land-only experiences. #cruisenews Virtuoso Travel #cruiseindustry #travelindustry #travelindustrynews #traveltrends #luxurytravel

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Hotel #loyalty programs are increasingly viewed as the most important brands across their various portfolios. Hotel News Now compiled the most recent #membership totals for hotel loyalty programs to quantify their reach here: https://bit.ly/3VG4or2

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INTELLIGENCE The U.S. hotel industry reported higher performance results from the previous week and positive comparisons year over year, according to CoStar’s latest data through 29 June. Read about it here! https://lnkd.in/gpeu49UC #hotelindustry #ushotels #performance #comparisons #data #costar

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Wyndham Hotels & Resorts and Decameron All Inclusive Hotels & Resorts have teamed up to offer more all-inclusive offerings than ever before! #hotels #hotelnews #hotelsandresorts #allinclusive #travelnews #travelindustrynews #traveltrade #travel #resortnews

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Thanks for the shout out, BizBash, in this great article on the emerging hotel trends for 2024.

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PERE Hospitality Report 2024: navigating market disruptions in hospitality. Despite the current challenges in hospitality, there are significant opportunities for well-capitalized owners, says Rockbridge’s James Merkel. Read the full interview here: https://lnkd.in/esSPH5YU

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A recent MMGY Global Travel Intelligence survey reveals a promising uptick in travel intent among Americans and overall travel performance for the year. Full story: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #travel

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The Hospitality Financial and Technology Professionals (HFTP) recently announced the near final approval of the Uniform System of Accounts for the Lodging Industry (USALI) — 12th Revised Edition! This latest 12th Revised Edition is packed full of updated guiding principles to increase transparency in reporting, expand data sets for better decision-making, and align with modern practices. Members of the Global Finance Committee will be on hand to celebrate by hosting a series of "USALI 12th Revised Edition, Deep Dive" webinars taking place next month through September 2024. In each of the webinars, a different aspect of the new edition will be discussed to provide more insights. The series gets underway with a free Webinar on Rooms – Schedule 1, June 6th. The speakers will delve into the expanded definitions for each rate category used to segment Rooms Revenue, providing clearer insights into revenue streams. Additionally, there will be new guidance aimed at enhancing transparency regarding the costs associated with guest loyalty programs and amenities. Finally, an in-depth look at the newly introduced Executive Lounge – Subschedule 1-1. Don't miss it! Register now and spread the word: https://hubs.ly/Q02zr79T0 #USALI #HFTP #HospitalityFinance #GlobalFinanceCommittee #Hospitality #FinancialLeadership

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For the three months ended March 31, system-wide comparable RevPAR increased 2% compared to the same period in 2023 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 14.4% compared to the same period in 2023. #hospitalitynews #hilton #hotels #travel

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How Hoteliers Can Manage Overtime Threshold Change, Non-Compete Ban "Employers in the hotel industry have two new federal regulations to navigate, each of which have fast-approaching deadlines. On April 23, the U.S. Department of Labor announced its final rule raising the overtime exemption threshold to an equivalent annual salary of $43,888, effective July 1, from the current level of $35,568. The second deadline is Jan. 1, 2025, when that threshold rises again to $58,656. On the same day, the Federal Trade Commission issued a final rule banning most existing non-compete agreements as well as the creation and enforcement of new non-competes. This rule goes into effect 120 days after publication in the Federal Register." Read more: https://ow.ly/8Q5250RzXpE via Costar Fisher Phillips #Hospitality #HospitalityIndustry #LaborLaw #HotelIndustry #DOL #HotelOperations #Non-Compete

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