Each day, we curate a bite-sized round-up of the best industry news from across the world. We search the web for the latest hospitality updates and travel trends, so you don’t have to. Get comfortable with a coffee and tuck in to our daily must-reads
1. US hotel transactions set new record
According to STR, 2018 was the most active year for US hotel transactions since 2007, with 707 property sales totalling US$29.5bn. The number of transactions grew 25% from 2017, while sales volume was up 49% from the previous year. Washington, DC was the most active market with 27 transactions at an average price per room of US$265,000, while Atlanta ranked second with 23 sales.
2. AXA International invests AUD$330m in Australian hotel sector
AXA International has acquired four key hotels in Sydney and Canberra for a combined AUD$330.4m, in the biggest deal in the sector to date. The deal comprises Novotel Sydney Olympic Park, Pullman at Sydney Olympic Park, ibis Sydney Olympic Park and Novotel Canberra – totalling 831 hotel rooms.
3. Livia Firth announced as Booking Booster ambassador
Founder and Creative Director of Eco-Age sustainability consultancy, Livia Firth, has teamed up with Booking.com to become the 2019 Booking Booster ambassador. Livia will join the expert panel of judges from Booking.com to help identify and support the startups shaping the future of sustainable travel.
4. US faces hotel staff shortages
The current hospitality workforce gap has reached record-breaking levels, according to the Deloitte 2019 Travel and Hospitality Industry Outlook. The report shared that the US Bureau of Labor Statistics estimates there were more than a million job openings within the hospitality industry in 2018 versus 350,000 openings in 2009. Additionally, while immigrants only make up about 13% of the total US population, they account for 31% of the hotel and lodging industry’s workforce.
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Nicola Donovan is a travel writer for Click.More by Nicola Donovan
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