W Aspen uses the latest RFID technology to track their high-quality linens from day one
Over the past few years, millennials (individuals born between 1982 and 2000) have received special attention, as leaders across industries speak to their growing presence, impressive buying power, and unique buying behaviors. However, while millennials may be the future, the decision to turn our sights away from the baby boom generation would be irrevocably ill-advised.
The latest fund close by Blackstone is a sign that investors are still eager for exposure to property markets over a decade into the current cycle.
One of the top priorities for hoteliers, according to a recent travel trends report, is a renewed focus on the 'battle for the Phono-sapien.' This term was first coined by The Economist to describe the next stage of human evolution, to a mobile-first consumer who looks at their phone every 12 minutes and checks it within five minutes of waking up.
U.S. hotel occupancy was flat at 69.6% during the week of 8-14 September, ADR increased 0.8% to $132.59 and RevPAR rose 0.8% to $92.26.
Canadian hotel occupancy dropped 1.7% to 76.6% during the week of 8-14 September, but a 2.6% ADR increase to 181.85 Canadian dollars ($137.09) drove RevPAR up 0.8% to CA$139.23 ($104.96).