Top

Tag: business


Finance and Development, Real Estate

STR Reports the Americas and Asia Pacific Show Growth in Hotel Pipeline Activity

July 22, 2024

Via: Hotel News Resource

Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. June 2024 (% change in comparison with June […]


Finance and Development, Real Estate

JRK Property Holdings Acquires Hilton La Jolla Torrey Pines for $165 Million

July 18, 2024

Via: Hotel News Resource

JRK Property Holdings, through its $350 million Hospitality Fund, has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla, CA from Braemar Hotels & Resorts for $165 million. The resort sits on an 11.4-acre site adjacent to the […]


Finance and Development, Real Estate

U.S. Hotel Construction Activity for June Highest Since February 2023

July 18, 2024

Via: Hotel News Resource

The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. U.S. Hotel Pipeline June 2024 (percentage change from June 2023) In construction: 157,713 rooms (+5.5%) Final Planning: 266,619 rooms (+9.8%) […]


Finance and Development, Trends

Hotel Room Selling Techniques: How Hotels Are Rethinking Hotel Rooms & By Heather Apse

July 16, 2024

Via: Hotel News Resource

Hotel managers like you are constantly seeking innovative ways to maximize revenue and attract more guests, especially in the lucrative group and event sales market. By reimagining spaces and amenities, hotels are discovering new selling techniques that not only fill […]


Travel

Singapore, China and Japan Are the Top Business Travel Destinations in Asia Pacific

July 2, 2024

Via: Hotel News Resource

According to BCD Travel’s Cities & Trends 2023 Asia Pacific Report, Singapore, Hong Kong and Bangkok are the most visited cities in the region by APAC business travelers. The intercontinental list is led by Frankfurt, London and Amsterdam. The report is […]


Finance and Development, Financial

Travel Technology Investment Analysis Shows Shifts in Funding, Opportunities for Innovation

June 20, 2024

Via: Hotel News Resource

According to Phocuswright’s report The State of Travel Funding 2023, there has been a cooling in the last couple of years. Data has shown travel funding totaled $4.6 billion in 2023, a drop from $12 billion in 2022. And 2024 is off to […]


Finance and Development, Trends

Summer Hotel Marketing Strategies to Pump Up Your Group Business & By Elizabeth Smith

June 5, 2024

Via: Hotel News Resource

Summer is the perfect season to host vibrant and memorable events at your property and to increase revenue this summer. This means you need to put your summer hotel marketing into high gear now. Whether you have a large outdoor […]


Restaurants

The top restaurant trends in 2024

May 6, 2024

Via: Restaurant Dive

Restaurant owners entered 2024 feeling optimistic, according to data from the Square 2024 Future of Restaurants report. The industry has embraced technology solutions to tackle staffing, process, and efficiency challenges. Now, restaurant operators across regions have fresh priorities to stay […]


Finance and Development, Real Estate

Atlanta Hotel Construction Pipeline Hits Its All&Time High

April 29, 2024

Via: Hotel News Resource

The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below […]


Finance and Development, Real Estate

U.S. Hotel Construction Pipeline Kicks off Q1 2024 with Growth and Record&Highs

April 24, 2024

Via: Hotel News Resource

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% […]


Hotels

Trailborn Highlands Channels the Blue Ridge Mountains

April 19, 2024

Via: Hospitality Design

Trailborn—a new hospitality brand rooted in and inspired by the great American outdoors—will launch its second property this July. Set to debut in downtown Highlands, North Carolina, the forthcoming property follows the December 2023 opening of Trailborn Rocky Mountains (a […]


Finance and Development, Markets

Global Travel and Tourism Sector Deal Activity Fell by 14.9% YoY in Q1 2024, According to GlobalData

April 18, 2024

Via: Hotel News Resource

Travel and tourism sector witnessed the announcement of 165 deals* globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according […]


Restaurants

Travis Kelce and Patrick Mahomes Are Opening a Restaurant

March 18, 2024

Via: Hospitality Design

Global hospitality group Noble 33 is joining forces with Super Bowl champions Travis Kelce and Patrick Mahomes to launch 1587 Prime—a name in inspired by the jersey numbers of the two Kansas City Chiefs stars. Crafted by Noble 33’s in-house […]


Finance and Development, Markets

Travel and Tourism Sector Deal Activity Down by 22.5% YoY During January&February 2024

March 13, 2024

Via: Hotel News Resource

The travel and tourism sector witnessed the announcement of 93 deals* globally during the first two months of 2024, an year-on-year (YoY) decline of 22.5% compared to the announcement of 120 deals during the same period in 2023, reveals GlobalData. […]


Finance and Development, Trends

4 coffee trends for c-stores to watch

February 13, 2024

Via: Restaurant Dive

Coffee and tea are hot across foodservice — and c-stores play an important part in that growth. Overall, customer traffic at gourmet coffee and tea outlets grew 12% in the fourth quarter, according to Circana, while traffic in the overall […]


Restaurants

Sweetgreen hires former Starbucks exec Rossann Williams as COO

February 5, 2024

Via: Restaurant Dive

In her new role, Williams will oversee operations, real estate and development and supply chain, according to the press release. Her experience at Starbucks has prepared her to support Sweetgreen’s ongoing growth strategies. At Starbucks, where she last held the […]


Finance and Development, Real Estate

Sheraton Hotel McKinney in McKinney, TX Listed For Sale

January 25, 2024

Via: Hotel News Resource

CBRE Hotels, as sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest (with the leasehold interest in the Event Center) in the 187-room Sheraton McKinney. Positioned at the intersection of two prominent […]


Restaurants

Yabu Pushelberg Designs Moët & Chandon’s Berlin Bar

January 8, 2024

Via: Hospitality Design

Design studio Yabu Pushelberg was enlisted by French fine winery Moët & Chandon—part of luxury goods company LVMH—to weave a visual tapestry of heritage and celebration for its new bar nestled within Berlin’s iconic KaDeWe department store. The design of […]


Finance and Development, Trends

What B2B Marketers Want: 2023 Insights – By Ryan Haynes

November 22, 2023

Via: Hotel News Resource

Marketers have always been pretty resilient. Anyone who works in marketing will tell you there’s a needMarketers have always been pretty resilient. Anyone who works in marketing will tell you there’s a need to be flexible whilst juggling the best […]


Finance and Development, Trends

American Express Travel Releases 2024 Trending Destinations Highlight Off the Beaten Path Vacation Spots

November 15, 2023

Via: Hotel News Resource

American Express Travel released its annual Trending Destinations list for 2024 today, featuring the 10 must-visit vacation spots based on global American Express Card Member travel bookings and recommendations from Amex Travel’s team of 6,000 expert Travel Consultants. This year’s […]