Hotel Investment Sales in the US Decline in Q1 2024 / is on Nostr

Decline in hotel investment sales in the US

Last Notes

2024-06-05 11:58:28

US Business Travel Contributes 2% to GDP and 3.5% to Employment
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#d707fd48 ver:0.2
US business travel contributes 2% to GDP and 3.5% to employment, with a resurgence in domestic travel and smaller, closer meetings. Hotel CEOs report increased corporate accounts and rising prices, while group business travel is rebounding. The industry spent $421.1B on business travel, supporting 6M jobs and generating $119B in tax receipts. The US is expected to be a top market for business travel spending in 2024. #BusinessTravel #EconomicImpact #HospitalityIndustry...
#newstr #BusinessTravel #UsEconomy #Gdp #Employment #TaxRevenue
https://here.news/story/d707fd48?ver=0.2

2024-06-04 17:04:05

US Business Travel Rebounds, Hotel CEOs Note Shift in Trends
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#d707fd48 ver:0.19
US business travel is rebounding, but with notable changes. Companies are booking more trips at higher prices, but international travel remains limited. Small and medium-sized enterprises are leading the recovery, with large corporate bookings also increasing. Hyatt Hotels' corporate accounts have risen by 12% YTD, and total business travel is up 6% YoY. Pricing for large corporate accounts is expected to rise 5-8% in the next year. Group business travel is also recovering, with strong future bookings. Domestic travel and smaller meetings are the new focus. #BusinessTravel #HotelIndustry #TravelRecovery...
#newstr #UsBusinessTravel #HotelIndustry #Recovery #DomesticTravel #SmallerMeetings
https://here.news/story/d707fd48?ver=0.19