Finance and Development, Financial
March 28, 2024
Via: Hotel News ResourceThe Savoie and Haute-Savoie regions alone have seen hotel transaction volumes double over the past two years, breaking records with more than €800 million ($875 million) of hotel deals closed, JLL data shows. “Due to the warming climate, and limited […]
March 26, 2024
Via: Hotel News ResourceWhen it comes to hotel development across Africa in 2024, just five words tell the story, “Egypt and the Big 5”. In this context, “the Big 5” does not refer to Africa’s major wildlife attractions, (lion, leopard, rhinoceros, elephant and […]
Finance and Development, Trends
March 25, 2024
Via: Hotel News ResourceRecent studies have proven that employees can be a major source of competitive advantage, but they must be managed effectively and considerately to reap those benefits. The industry presents unique challenges for employees and managers, such as long working hours, […]
Finance and Development, Markets
March 22, 2024
Via: Hotel News ResourceSTR’s global “bubble chart” update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate […]
Finance and Development, Markets
March 21, 2024
Via: Hotel News ResourceU.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. 10-16 March 2024 (percentage change from comparable week in 2023): Occupancy: 66.5% (-1.4%) Average daily rate (ADR): US$163.21 […]
March 20, 2024
Via: Hotel News ResourceFollowing the opening in Naples, Margaritaville announces an expansion of the brand’s Compass by Margaritaville collection of boutique hotels. Offering the same lifestyle guests know and love in a smaller, more intimate footprint, openings include: Naples, FL (Opened March 2024) – The […]
Finance and Development, Trends
March 18, 2024
Via: Hotel News ResourceIn the recently released HSMAI Foundation Special Report: The State of Hotel Sales, Marketing, and Revenue Optimization Talent 2023-2024, the second trend investigates how the gig economy and fractional staffing models are changing talent sourcing. Employers in the hospitality industry […]
March 12, 2024
Via: Hotel News ResourceTourism with its often complex booking requirements for providers and users alike presents an ideal case for using super-apps, which with the help of AI can establish intelligent links and analyse needs. This was put forward at a panel discussion […]
Finance and Development, Trends
February 22, 2024
Via: Hotel News ResourceThe Q4 2023 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) states that at the close of the fourth quarter, the region’s total pipeline stands at 607 projects/145,984 rooms. The region boasts an impressive 11% […]
January 10, 2024
Via: Hospitality DesignEver a city of reinvention, Las Vegas is now fashioning itself as a mecca for sports entertainment, too. The rapidly evolving landscape includes the recent Major League Baseball approval to move the Oakland A’s team to Vegas, where it would […]
December 13, 2023
Via: Hospitality DesignDespite facing a tumultuous few years with a decline in tech jobs, reduced downtown traffic, and rising crime, San Francisco is slowly emerging from the pandemic, during which travel all but froze, costing the city $8 billion. Another factor: Since […]
Finance and Development, Real Estate
November 7, 2023
Via: Hotel News ResourceAccor takes another step towards franchise expansion and signs a contract for a new venture in Sorriso, Mato Grosso, Brazil. This will be the ibis Styles brand’s first hotel in the city, scheduled to open in 2027, with an architectural […]
September 27, 2023
Via: Hotel News ResourceMarriott International, Inc. (Nasdaq: MAR) today announced the launch of Four Points Express by Sheraton, designed for the midscale segment. This new brand is a response to growing consumer demand for reliable yet affordable accommodation in Europe, the Middle East […]
Finance and Development, Markets
September 5, 2023
Via: Hotel News ResourcePricing Power Lags 2019 While Labor Costs Increase A presentation on inflation’s effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face […]
Finance and Development, Trends
September 1, 2023
Via: Hotel News ResourceIn the dynamic and highly competitive sphere of the hospitality industry, a towering challenge is prevalent for hotel operators: how to increase hotel bookings online through exclusive, direct channels. While third-party mediums like online travel agencies (OTAs) deliver a handy […]
Finance and Development, Trends
August 31, 2023
Via: Hotel News ResourceImagine a guest arrives at your hotel, ready to have a memorable stay, and something doesn’t go as expected. What happens when you can’t meet their expectations? The more prepared you and your staff are to handle guest complaints, the […]
August 16, 2023
Via: Hotel News ResourceChoice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with the groundbreaking of Everhome Suites Fayetteville – Fort Liberty, slated to open Summer 2024. The four-story, 114-room property is being developed in collaboration with HighSide […]
Finance and Development, Real Estate
July 19, 2023
Via: Hotel News ResourceHVS Brokerage & Advisory, in cooperation with Eric Vincent Guerrero, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 130-key Marina Inn & Suites Chalmette-New Orleans , a limited-service hotel asset in Chalmette, Louisiana. […]
June 23, 2023
Via: Hospitality DesignThe Greek island of Kefalonia recently celebrated the opening of a new luxury boutique hotel: Eliamos Villas Hotel & Spa. Situated on the isle’s southern shore above a secret cove and private beach, the 12-villa retreat boasts a spa, restaurant, […]
June 9, 2023
Via: Hotel News ResourceIHG Hotels & Resorts (IHG) and Scarlett Hotel Group (SHG) announced the onset of construction of InterContinental San Antonio, a 391-room hotel located on the celebrated San Antonio River Walk at 111 East Pecan Street. Trailbreak Partners, a real estate […]