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Increase in Group Rates Drives Hotel Recovery

EventMB

markets for hotel group business compared to 2019. Skift Take: A new report points to the recovery of 13 of the top 25 U.S. Miguel Neves and Refugio Garcia Read the Complete Story On Skift Meetings

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Planners: Don’t Cry for Hotels

MeetingsNet

The latest hotel data finds that rate increases are more than making up for today's meetings market not yet being back to its pre-pandemic volume. cities in Q4 2023 was only about 93 percent of what it was in Q4 2019, group rates are nearly 14 percent higher now versus 2019. Across all U.S.

Hotels 64
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Hotel Squeeze: Meetings-Focused Properties Expect Strong Demand in '24

MeetingsNet

From the wide view, the hotel industry should expect only a modest rise in demand (1.8 But from a narrower perspective—namely, looking at the hotels that accommodate the most business events—both demand growth and room-rate growth might well surpass those estimates. The result: Less negotiability for meetings.

Hotels 72
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A Snapshot of 2023 Hotel Rates: Not Pretty

MeetingsNet

Hilton President and CEO Christopher Nassetta maintains an active presence in the meetings market through stage appearances at events such as Professional Convention Management Association’s Convening Leaders conference , held last month in Columbus, Ohio. However, “we can get back [to the 2019 rate] tomorrow if we want.

2023 105
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Even with Staffing Issues, Hotels See Strong Rate Gains

MeetingsNet

February and March stats show guest-room rates considerably higher than the same period in 2019. Here’s an interesting conundrum: Hotel-room occupancy rates in the top 25 U.S. urban markets were 1.5 Here’s an interesting conundrum: Hotel-room occupancy rates in the top 25 U.S. urban markets were 1.5 but rose 9.1

Hotels 93
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Cvent’s ‘Top Meetings Destinations’ and ‘Top Meeting Hotels’ Returns: Nashville and San Diego Move Up

Smart Meetings

Cvent has just published its list of Top Meeting Destinations and Top Meeting Hotels for 2023: Nashville and San Diego moving up to the second and third spots after Orlando. 1 in 2015, 2016, 2017, 2018 and 2019 Nashville was named No. 6 in 2019 Similarly, San Diego was able to move to the No. 7) in 2019, respectively.

Hotels 98
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Lodging Econometrics: New Brands and Delayed Projects Swell Hotel Construction Pipeline

Smart Meetings

Increased activity in the Americas sign of shift in hospitality industry trends What if we told you that across Latin America, the number of guest rooms in the hotel construction pipeline topped 90,000, a 2% increase over last year, led by the growing hospitality footprint in Mexico City? I wouldn’t call it organic growth.”

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