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The hotel industry in India is poised for continued strong growth, with CareEdge Ratings forecasting a 9-11% year-over-year increase in revenue for hotels in FY25. This comes after an estimated 12-14% growth in RevPAR (revenue per available room) in FY24, driven by robust demand outpacing supply. [11]
The hotel industry’s comeback from the dead is being threatened by filthy rooms, angry guests and a fed-up workers’ union. Irina Ivanova. October 21, 2023 at 6:00 AM.
‘The customer is the loser’ in the new hotel industry, where the rooms are dirtier, the prices are higher and you’re getting less service, analyst says Irina Ivanova October 21, 2023 at 4:00 AM
The Hospitality Technology Next Generation was founded in 2002 under the name Hotel Technology Next Generation. [1] It was officially founded by Douglas Rice [2] and nine hotel IT executives actually formed the core of the founding members. At that time, hotels sometimes had 50 different systems that were not inter-operable.
STR, Inc. is a subsidiary of CoStar Group that provides market data on the hotel industry worldwide, including supply and demand and market share data. The company has a corporate headquarters in Hendersonville, Tennessee, an international headquarters in London, England and offices in Italy, Dubai, Brazil, Singapore, Tokyo, Jakarta, Sydney, and Beijing.
Higher Dose. According to Hilton Corporation, which did a multigenerational study of travel attitudes, “the number-one reason people want to travel in 2024 is to rest and recharge.” (Shout out ...