Market Snapshot
Monday, Nov 2Revenue Growth ·CoStar reported US hotel RevPAR surged 12.6% year-over-year for the week ending Oct. 24, driven by event-fueled gains in Chicago and Tampa.
↑Corporate Tech ·Hyatt partnered with Spotnana to revamp Hyatt Leverage, providing exclusive rates across 1,300 properties for businesses booking at least 50 nights annually.
↑Luxury Expansion ·EDITION Hotels opened its first African property, debuting the 142-key Cape Town EDITION at the V&A Waterfront.
👁Executive Moves ·The Ritz-Carlton, Pune appointed former Oberoi Group executive Anuj Agrawal as Director of Finance to direct cost optimization and financial strategy.
👁Our reporting
written from multiple sources
RoomPriceGenie: Only 10% of Hotels Trust AI for Pricing
RoomPriceGenie finds 53 percent of hotels deploy artificial intelligence for rates, but 90 percent refuse autonomous execution amid a talent squeeze.
Written from 3 sources
PriceLabs Study Shows 82% of Boutique Guests Weigh Rentals
A survey of over 1,000 travelers shows independent hotel guests cross-shop short-term rentals twice as often as large chain customers.
Written from 4 sources
33,000 UK Tourism Jobs at Risk as Mayoral Levy Advances
Hoteliers demand a 10% VAT rate and statutory rate caps as ministers advance uncapped municipal tourist tax legislation across England.
Written from 5 sources
Accor Lifts 2026 EBITDA Target as Q3 Revenue Reaches $1.68B
Luxury and lifestyle outperformance paired with event demand drove 7.7% revenue growth, leading Accor to raise full-year profit projections.
Written from 3 sources
IHG Targets Secondary Administrative and Leisure Hubs
IHG Hotels & Resorts signs two Holiday Inn properties in Naya Raipur, India, and Luang Prabang, Laos, targeting distinct regional growth engines.
Written from 2 sources
European Tourism Lobbies Target High-Spender Border Curbs
European tourism leaders are pressing policymakers to overhaul visa caps, restore tax-free retail, and tap long-haul visitor spending.
Written from 2 sources
The wire
10 stories todayEverything else worth knowing, summarised and linked to the original.
US Hotel RevPAR Jumps 12.6% YoY Despite Weekly Dip
U.S. hotel performance saw mixed week-over-week trends but substantial year-over-year gains for the week ending Oct. 24,…
finance
asianhospitality.com
·
Hyatt Upgrades Leverage SMB Corporate Booking Tool
Hyatt has revamped its Hyatt Leverage platform in partnership with Spotnana to streamline business travel management for…
technology
eHotelier
·
Frictionless Tech Lifts In-Stay Hotel Revenue by 30%
Adopting frictionless, self-service technology across mobile channels boosts in-stay hotel revenue and cuts operational …
technology
eHotelier
·
EDITION Enters Africa With Waterfront Hotel
EDITION Hotels has marked its African debut with the launch of The Cape Town EDITION at the V&A Waterfront. The 142-key …
operations
eHotelier
·
Hotels Must Build Distinct Niches to Beat Market Blanding
To overcome rate resistance and fierce global competition, hotels must abandon generic branding in favor of distinct, de…
marketing
eHotelier
·
Hilton Debut in Hoi An Unveils Signature Seafood Concept
NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, has opened Plait, a riverside restaurant showcasing locally so…
operations
eHotelier
·
Show 4 more stories
Sonesta Opens Renovated Signature Inn in Montana
Sonesta International Hotels has opened the 99-room Signature Inn Billings in Montana following a renovation and rebrand…
operations
asianhospitality.com
·
Ritz-Carlton, Pune Names Anuj Agrawal as Finance Director
The Ritz-Carlton, Pune has appointed Anuj Agrawal as Director of Finance to lead financial strategy, cost optimization, …
finance
eHotelier
·
Hotel Kinsley Appoints Randy Regan as General Manager
Boutique property Hotel Kinsley has appointed Hudson Valley hospitality veteran Randy Regan as General Manager. Regan wi…
hr
eHotelier
·
Vietnam Airlines Wins World's Best Culinary Airline
Vietnam Airlines has been named the World's Best Culinary Airline at the World Culinary Awards, becoming the first Asian…
operations
eHotelier
·
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