This week in Hospitality & Tourism #51 2022

December 23, 2022

How to choose a hotel management company in 2023

Interview with a few industry experts about hotel management companies.
- What do hotel management companies do?
- How do hotel management companies make money?
- How are hotel management contracts structured?
Booking.com Thinks We'll Soon Travel in the Metaverse

As the travel industry looks for ways to bounce back after the COVID-19 pandemic, many businesses are considering the Metaverse as a potential solution. A new survey, conducted by Booking.com, has revealed that about 43 percent of respondents were interested in using virtual reality to plan their travels.
STR: U.S. hotel results for week ending 17 December

U.S. hotel performance came in lower than the previous week but showed improved comparisons to 2019 in part because of a favorable calendar shift, according to STR‘s latest data through 17 December.
- Among the Top 25 Markets, Washington, D.C., reported the highest occupancy increase over 2019 (+22.6% to 58.7%).
- None of the Top 25 Markets recorded an ADR decrease over 2019.
- New Orleans posted the highest ADR (+67.0% to US$183.93) and RevPAR (+89.1% to US$105.87) increases over 2019.
- Oahu Island saw the only RevPAR decline (-0.3% to US$175.49).
11-17 December 2022 (percentage change from comparable week in 2019):
- Occupancy: 54.5% (+9.2%)
- Average daily rate (ADR): US$135.08 (+23.7%)
- Revenue per available room (RevPAR): US$73.65 (+35.1%)