US hotel profitability lower in May but above 2019 levels once again, Hotel Indigo opens urban retreat in Vienna and more...

US hotel profitability lower in May but above 2019 levels once again
Wednesday, 13th July 2022

US hotel gross operating profit per available room (GOPPAR) fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month, according to STR‘s May 2022 P&L data release.

The EBITDA PAR level was also down from April and eight of the major markets realized both GOPPAR and TrevPAR levels higher than 2019 comparables >>

Europe hotel transaction news
13 Jul 2022 : Hotel news and transactions from around the European region: Boscalt acquires Hotel Majestic in Rome, Extendam acquires two hotels in the north-west of Spain and more >>

International travel drives May air traffic recovery
13 Jul 2022 : The IATA announced passenger data for May 2022 showing that the recovery in air travel accelerated heading into the busy Northern Hemisphere summer travel season >>

Hotel Indigo opens urban retreat in Vienna
13 Jul 2022 : Centrally located, the hotel is a short walk from the city’s historic centre, the ‘Margareten’ district, a culturally diverse neighbourhood, including everything from 19th century architecture to relaxed eateries and secret gardens offering sanctuaries to both travellers and locals alike >>

HIGHLIGHT ARTICLE

Cyberattack on Luxury Resort Should Put Hospitality Industry on High Alert
Wednesday, 13th July 2022

Cybercriminals are finding new ways to hold their victims hostage – and a recent cyberattack on a luxury resort should serve as a warning for your business.

Typically, stolen confidential information such as this is only published on the “dark web” and is not as easily retrieved through any type of online searches. What does your business need to know about this new tactic – and what should you do to prevent such an attack? >>

Explore the Plant-Forward Movement, Innovations in Reducing Food Waste
Explore the plant-forward movement, innovations in reducing food waste and how chefs are the emerging wellbeing leaders >>

In case you've missed it: Global eNewsletter of July 12, 2022
Macro-level obstacles little match for global hotel industry, Germany hotels & chains report 2022 and more >>