Skip to content

Search

Latest Stories

More for you

U.S. Firms Lose $2.4 Trillion by Skimping on Business Travel

Report: Business travel gaps cost U.S. firms $2.4T

Summary:

  • U.S. companies risk losing more than $2.4 trillion in sales due to underinvestment in business travel, says GBTA.
  • An 8.3 percent T&E increase could drive a 6 percent sales gain, despite post-COVID virtual meeting tools.
  • Current T&E spending is $294 billion—$24 billion short of the $319.1 billion needed for peak profitability.

U.S. COMPANIES ARE missing more than $2.4 trillion in potential sales due to underinvestment in business travel, according to a Global Business Travel Association report. Despite a post-pandemic rebound, travel and entertainment spending remains $66 billion below 2019 levels.

Keep ReadingShow less
AI threats in hospitality

Study: Cyberattacks on hotels to surge

Summary:

  • Around 66 percent of hotel IT and security executives expect more cyberattacks this summer, and 50 percent anticipate greater severity, according to VikingCloud.
  • Guest-facing systems most at risk include POS and payment technology at 72 percent, guest WiFi at 56 percent and front desk systems at 34 percent.
  • About 48 percent of executives lack confidence in their staff’s ability to detect and respond to AI-driven attacks and deepfakes.

APPROXIMATELY 66 PERCENT of hotel IT and security executives expect an increase in cyberattack frequency and 50 percent anticipate greater severity during the summer travel season, according to cybersecurity firm VikingCloud. In summer 2024, 82 percent of North American hotels experienced a cyberattack and 58 percent were targeted five or more times.

Keep ReadingShow less
International bookings drop at US mountain hotels; occupancy dips despite rate hikes, DestiMetrics reports

Report: Travel decline weighs on western resorts

Summary:

  • International tourism to U.S. western mountain destinations fell in May, lowering occupancy 0.7 percent, according to DestiMetrics.
  • Summer booking hesitancy persisted as bookings from Canada, Europe and Mexico declined.
  • DestiMetrics tracks data from about 28,000 lodging units across 17 mountain destinations in seven western states.

MOUNTAIN DESTINATIONS IN the western U.S. saw a drop in international tourism in May amid economic uncertainty, affecting resort occupancy, according to DestiMetrics. ADR rose 2 percent, while occupancy fell 0.7 percent year over year.

Keep ReadingShow less
Salamander D.C. Joins Preferred Hotels’ Legend Collection
Photo credit: Salamander Collection

Salamander D.C. joins Preferred’s Legend Collection

Summary:

  • The 373-key Salamander Washington, D.C. joined Preferred Hotels & Resorts’ Legend Collection after a full renovation.
  • The hotel is part of Salamander Hotels & Resorts, led by founder and CEO Sheila Johnson.
  • Preferred Hotels & Resorts is the largest independent hotel brand, with more than 600 properties in 80 countries.

SALAMANDER WASHINGTON, D.C., located on the city’s southwest waterfront, joined Preferred Hotels & Resorts’ Legend Collection. The 373-room hotel recently completed a property-wide renovation that includes updated communal spaces, redesigned guest suites, a two-level Salamander Spa and Dōgon by Kwame Onwuachi.

Keep ReadingShow less
WTH Conference Returns to Los Angeles July 17

WTH conference returns to L.A. on July 17

Summary:

  • The 2025 Women in Travel & Hospitality Conference returns to Los Angeles on July 17.
  • The event gathers women in travel, tourism, hospitality, investment, wellness, and lifestyle.
  • It also will mark the launch of the new Travel Industry Executive Women’s Network website.

THE 2025 WOMEN in Travel & Hospitality Conference, hosted by the Travel Industry Executive Women’s Network and supported by the Boutique Lifestyle Lodging Association, will return to Los Angeles, California, on July 17. The event brings together women from around the world working in travel, tourism, hospitality, investment, wellness and lifestyle.

Keep ReadingShow less