CBRE Hotels Research cites staffing shortages, cost control and straggling group travel through April 2022 among the top causes for the U.S. hotel industry’s lagging food and beverage department revenue, according to a recent company report. While U.S. hotel rates and revenue per available room in 2022 peaked over pre-pandemic levels in 2022, which CBRE forecast … Read more
IHG Hotels & Resorts’ third-quarter business travel revenue in the Americas region returned to 2019 levels, the company announced Friday in a quarterly financial update. The company reported a 27.4 percent year-over-year gain in systemwide revenue per available room to $86.63, with average daily rate up 12.6 percent to $128.49 and occupancy up 7.8 percentage … Read more
My favorite Toronto premiere memory was the one where eventual Best Picture winner Spotlight played to a raucous crowd reaction at the Princess of Wales Theatre, the emotion ratcheted up even further when the Boston Globe journalists who cracked the Catholic Church pedophile scandals took the stage and stood next to the actors who played … Read more