Hoteliers absolutely must place more emphasis in the annual budget on training and empowering the people delivering our service. The tangible aspects of any lodging asset are easy to value – the real estate, physical structures, grounds, FF&E, and amenities—and make estimating return on these investments a fairly straight forward process. However, many owners and operators neglect to consider the incredible impact exceptional guest service can have on bottom-line profitability.

Not much seems to have happened lately in the hotel scene in our part of the world (Central & Eastern Europe), but it is now exuding more optimism and feels confident of future growth Everyone remembers how during the pandemic the hospitality sector was hit harder than almost every other, apart from maybe retail. Indeed, no one even seemed to want to talk about hotels for many years after, preferring the promise of new niches, such as PRS and PBSA.

In many of Portugal’s major cities, public spaces have become venues for demonstrations demanding more affordable housing. Tourism is often seen as a key contributor to various urban challenges, with critics pointing fingers at real estate developers who prefer the profitability of tourist accommodations over providing residential options for the middle class. Additionally, local and central authorities are often criticised for favouring these interests.

Portugal has seen sustained growth in tourism, fueled by the increasing international recognition of its unique value proposition and substantial investment in the sector.

2024 was a sumptuous feast, even if the Xacuti seemed to be under par. The India Hotel Market Review 2024, published by Horwath HTL, presents a comprehensive analysis of the country’s hospitality sector, highlighting its growth, challenges, and future opportunities.

Crowe Ireland is delighted to publish the 28th edition of the Ireland Annual Hotel Industry Survey. This year’s survey captures a full year trading for hotels unlike any of the three prior years which were impacted by the Covid-19 pandemic. The results continue to illustrate the remarkable recovery in the marketplace post-pandemic and while the impact of high cost inflation and the war in Ukraine have moderated, these are more than made up for by increased costs of doing business, especially payroll. The survey also collates hotelier sentiment on key matters which impacted their businesses during the year and their outlook on the strength of the recovery on revenues, costs and profit levels.

This report comprehensively explores the current situation of the STR market in Europe from two perspectives – the country level and the capital city level

This is just one of the 110 markets that we cover in our MarketCompass Lodging Reports, the most comprehensive overview in the industry. The MarketCompass Lodging Report Washington-Arlington-Alexandria is a critical region in the U.S. economy, driven largely by federal government activities. The region benefits from having one of the most educated workforces in the country, with high-income levels that support a stable consumer market. Federal employment provides job security and substantial wages, which in turn bolster demand for hospitality services from both government employees and contractors. However, the region’s dependence on government jobs limits growth potential in the private sector, especially in tourism-related industries.

This is just one of the 110 markets that we cover in our MarketCompass Lodging Reports, the most comprehensive overview in the industry. This report analyzes the Boston lodging market, highlighting its “Prosperous” ranking at the 82nd percentile nationally. Boston’s economy is driven by healthcare and tech sectors, yet faces challenges like sluggish job growth and high living costs.

This is just one of the 110 markets that we cover in our MarketCompass Lodging Reports, the most comprehensive overview in the industry. Colorado Springs’ lodging market is underperforming, ranking in the 15th percentile nationally. The local economy is supported by healthcare, government, tech, and defense sectors. While unemployment is below the national average, rising housing costs present challenges. Investors are cautious, focusing on distressed properties. The market shows varied performance across hotel classes, with luxury and upper upscale performing relatively well. Occupancy, ADR, and RevPAR data indicate fluctuations. Tourism remains vital, with new hotel plans underway.