Finance and Development, Financial
July 24, 2024
Via: Hotel News ResourceHotels have long relied on traditional revenue streams such as room bookings, dining, and spa services. However, in an increasingly competitive market, innovative hoteliers are exploring new ways to boost their bottom line. One often overlooked yet highly lucrative opportunity […]
July 24, 2024
Via: Hotel News ResourceSiloed and fragmented procurement software often complicates the procure-to-pay process. Outdated solutions are typically expensive, inflexible, and inefficient, yet many organisations persist in using these antiquated systems. This reliance on old-fashioned procurement management systems hinders operational efficiency. A 2023 Procurement […]
July 23, 2024
Via: Hotel News ResourceCourtyard by Marriott today announced the opening of Courtyard by Marriott Sapporo in Sapporo City, the capital of Japan’s northernmost island of Hokkaido. The new hotel is the eighth Courtyard by Marriott hotel to open in Japan and the first Courtyard by Marriott […]
July 22, 2024
Via: Hospitality DesignCASA NEOS, founded and operated by Riviera Dining Group (RDG), has made its debut in Miami. Nestled along the Miami River, the sprawling 30,000-square-foot property opens with four distinct offerings: a signature restaurant, boutique hotel, rooftop lounge, and a members-only beach […]
Finance and Development, Real Estate
July 22, 2024
Via: Hotel News ResourceTwo 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 […]
July 17, 2024
Via: Hotel News ResourceTexas Western Hospitality of Addison, Texas today announced the opening of their newest property, Home2 Suites by Hilton in Laredo, Texas. The hotel features 107 suites and a range of value, tech-focused and eco-conscious amenities. General Manager Rejino Perez leads […]
July 17, 2024
Via: The World of HospitalityPeople are always surprised to hear that more illnesses occur during the summer months. Winter is traditionally associated with coughs and colds and feeling under the weather – so let me explain. Even though everything that we do outdoors makes […]
Finance and Development, Trends
July 16, 2024
Via: Hotel News ResourceHotel 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 […]
July 15, 2024
Via: Hotel News ResourceAuberge Resorts Collection has been appointed by Reuben Brothers to manage Cambridge House, the former In and Out Military Club, in Mayfair, London. The renewal of this historic property at 94 Piccadilly will capture the spirit of London like no other hotel to provide […]
July 15, 2024
Via: Hotel News ResourceTTH firms are accountable and must take the changes taking place seriously, from Greta Thunberg’s movement to new priorities in the World Economic Forum´s agenda or the ever-growing list of world moguls taking on a leading role in the fight against climate […]
Finance and Development, Markets
July 10, 2024
Via: Hotel News ResourceThe ‘Love Is In The Air’ Vivid Drone Show and the 71st Sydney Film Festival lifted June hotel performance in the market, according to preliminary data from CoStar. June 2024 (year-over-year % change): Occupancy: 72.6% (+1.0%) Average daily rate (ADR): […]
Finance and Development, Trends
July 10, 2024
Via: Hotel News ResourceIn Germany Demand for holidays is more robust and lively than it has been for a long time. Booking figures are back to pre-corona levels in many places, and even higher in some areas. Neither higher end prices nor international […]
Finance and Development, Financial
July 9, 2024
Via: Hotel News ResourceSotherly Hotels Inc. (NASDAQ: SOHO) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel in Jacksonville, FL. The loan, which carries a floating interest rate based […]
Finance and Development, Trends
July 8, 2024
Via: Hotel News ResourceThe old saying “a bird in the hand is worth two in a bush” is a valuable lesson for us all. It simply means you should stick with the modest prize you’ve already secured instead of chasing what you might […]
July 8, 2024
Via: Hotel News ResourceRadisson Hotel Group announced its debut in Tunis with the opening of Radisson Hotel Tunis City Center. Nestled in the heart of Tunisia’s bustling capital city, Radisson Hotel Tunis City Center offers easy access to some of the city’s top […]
Finance and Development, Trends
July 3, 2024
Via: Hotel News ResourceToday, HOTREC released its 2024 Hotel Distribution Study which examines recent developments and trends in the European accommodation sector, and uncovers the way consumers book hotel rooms. The main findings confirm the need for proper implementation of the Digital Markets […]
July 3, 2024
Via: Hotel News ResourceIf you’re running a hotel, it goes without saying you want to fill all of your rooms for the best possible price, ultimately leading to improved profitability. That means getting your room rates right is essential. To the uninitiated it […]
July 2, 2024
Via: Hotel News ResourceAccording 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, Trends
July 1, 2024
Via: Hotel News ResourceAs the Asia Pacific region continues to be the growth engine for luxury travel, a new comprehensive report from the Luxury Group by Marriott International has identified new expectations and travel preferences among high-net-worth (HNW) travelers in Asia Pacific. Across […]
July 1, 2024
Via: Hotel News ResourceIHG Hotels & Resorts has announced the debut of the InterContinental brand in Cape Town with the signing of InterContinental Table Bay Cape Town. Inaugurated in May 1997 by former South African president Nelson Mandela, the renowned Table Bay Hotel has […]