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Topic - Trends Page 2

Short-term Rental Trends
Building facade with windows and shutters - Unsplash

How Airbnb and Short-Term Rentals Reshape Rural and Urban Communities - By Dr. Cindy Heo

In less than two decades, short-term rentals have thoroughly transformed the hospitality industry, wresting 15% market share from hotels. From a feel-good pioneer of the sharing economy to a $100bn behemoth, Airbed and Breakfast, better known as Airbnb, has revolutionized hospitality from its beginnings in 2007 - creating a whole new market in the process. But what happens to a community when Airbnb comes to town? In this article we take a deep dive into the impact of STRs, in particular Airbnb, and how communities are reacting.

Hotel Sustainability Benchmarks
young plant in hands showing concept of environment and growth

Cornell Hotel Sustainability Benchmarking Index 2024

For the first time in the ten annual cycles of the Cornell Hotel Sustainability Benchmarking cycle, we find a general increase from 2021 to 2022 in energy and water consumption among participating hotels.

Hospitality Financial Leadership
Hospitality Financial Leadership - The $600,000 Trash Can

Hospitality Financial Leadership - The $600,000 Trash Can

A 30-year hotel vet, David has seen everything, a lot of which he shares in his book, The Prosperous Hotelier. Susan Barry host of the Top Floor Podcast and David talk about railroads, scams, and Russians.

Online Travel Agencies (OTAs)

U.S. OTAs Pass $100B Revenue Mark for First Time

Online travel agencies based in the United States maintained double-digit year-over-year gains in 2023, passing the $100 billion mark for the first time.

Data Privacy
Graphic - data privacy concept - Unsplash+

Data Privacy Lawyer Alert: The American Privacy Rights Act - What Does It Mean for Hotel Companies? - By Jim Butler

Hotel companies should be particularly interested in the legislation. While many companies collect personal information from customers, hotel companies want to collect large amounts of personal information - knowing more about guests allows brands and operators to provide better services and increase their value. At the same time, the multitude of state laws, as well as foreign privacy laws, create a compliance challenge for the hospitality industry.

Management Fees
3D pie chart - Unsplash+

U.S. Hotel Management Company Compensation Slows in 2023 - By Robert Mandelbaum and Tim Dick

As U.S. lodging industry performance decelerated in 2023, so did the amount of fees paid by owners to their management companies. Preliminary results from CBRE's annual Trends in the Hotel Industry survey find that total hotel revenue growth slowed to 6.9% in 2023, while GOP inched up by 3.5%. As a result, total management fee payments rose by just 1.2% during the year, well below the double and triple-digit growth rates seen in the previous two years.