CBRE Forecasts Enhanced RevPAR Growth in 2023 Despite Economic Headwinds
Written by: Rachael Rothman and Matt Mowell Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons® forecast calls for a 5.8 percent increase in rooms revenue per available room (RevPAR) in 2023. This is…
The Lag in Food and Beverage Recovery
Written by: Robert Mandelbaum and Andrew Hartley According to CBRE’s September 2022 Hotel Horizons® forecast for the overall U.S. lodging industry, rooms revenue per-available-room (RevPAR) will exceed 2019 annual levels in 2022. This is driven by the accelerated recovery of…
Utility Behind NFTs: How the Hotel and Travel Industry Can Monetize Non-Fungible Tokens
Written by: Dominika Duziak Editor’s Note: This blog post will feature podcast episodes from the HospitalityVerse Podcast, a new series that discusses the latest trends in hospitality technology, including discussions on the Metaverse, blockchain, NFTS and more. Remember NFT: one of the hottest…
Can Proptech Solve the Asset-heavy/ Asset-light Dilemma?
Written by: Victoria Loing In a globalized world and very competitive setting, hotels are fighting to remain leaders in their market. Which brand to develop? How to retain customers? Which innovative technology to implement? Which business model strategy to follow?…
UAE Restaurant Diners May Soon Enjoy Meals Made from Lab-Grown Meat
Written by: Rochak Khandelwal We all love meat when we gather around barbecues and at the dinner table. But if someone would have said a few years ago that the beef steak or the burger we are eating is developed…
All About Chatbots: The Hotel Industry Can Thrive Through Automation
Written by: Tyler Boykin The hotel industry is facing a perfect storm. Post-pandemic travel has resumed, but hotels must grapple with a labor shortage and wage inflation. The U.S. Travel Association recently reported that travel spending in April 2022 had…
Digital Art in the Hospitality Industry
Written by: Ekaterina Meshcheryakava We live in a time where NFTs are as common as oil paintings of waterlilies back in the time of Monet. Digital art is on the rise and cannot be ignored. Technology has been on the…
Monkeys and Marriott: Uses of NFTs in the Hospitality Industry
Written by: Shubham Khemka Imagine you had an online avatar — a “mini-me” version of you, an identity card that includes your face (albeit in animated form) and a unique code. Instead of presenting your real ID card every time,…
Choosing Your Zoom Backdrop: Where Will You Work from Today?
Written By: Florencia Laber Taking a work call by the Caribbean beach hearing the sound of the ocean and getting your tan on? How about at a French café listening to jazz and enjoying a croissant? Or maybe in the…
Hunting for a Hotel PMS: Key Marketplace Characteristics and Evaluation Tactics
Written by: Tim Henthorn We all know what a property management system (PMS) is, but is it the same as it was five or 10 years ago when your property or corporate group implemented the solution you have now? Given…