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UEFA Champions League Matches Spur Record Hotel Rates in Madrid
2025-03-11 15:53:30| Hotel Resource
Madrid's hotel industry recorded its highest ever average daily rate (ADR) and revenue per available room (RevPAR) in February 2025, boosted by UEFA Champions League matches.
Category:
Hospitality
LATEST NEWS
The Rising Prevalence of the Asset&Light Model in the Hotel Industry
2025-03-10 20:04:24| Hotel Resource
The asset&light model, where major hotel brands allow owner&investors to use their brand, has proven successful since its first implementation by Marriott in 1993. This model enables companies to expand without heavy capital dependence, thus presenting an attractive investment strategy in the hotel industry.
Category:
Hospitality
Accommodation Industry in Staffing Crisis: Expert Market Report
2025-03-10 19:55:22| Hotel Resource
The report surveyed over 400 US accommodation businesses and found that 48% of respondents identified staffing as the single most significant risk to their operations in the forthcoming year. Amid increasing quit rates & the highest since 2022 & and rising labor and maintenance costs, these businesses are grappling with multiple challenges.
Category:
Hospitality