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Tag: hospitality


Finance and Development, Real Estate

Hotel Development Pipeline Activity Down Globally, Except in the Americas

April 15, 2024

Via: Hotel News Resource

The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar. March 2024 (% change in comparison with March 2023): Europe In […]


Finance and Development, Financial

Streamlining Success: The Crucial Role of Hotel Finance System Integration in 2024 & By Jill Wilder

April 10, 2024

Via: Hotel News Resource

As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently. From guest experience enhancement to the digitization […]


News

Travel and Tourism Industry Unites to Tackle Climate Change

April 9, 2024

Via: Hotel News Resource

Association representatives from the European travel and tourism sector (business and leisure) met in Rhodes, Greece, to sign a landmark declaration promising decisive action towards more sustainable travel and tourism. The joint declaration will serve as a roadmap to foster […]


Finance and Development, Trends

Transforming Employee Engagement in the Hospitality Industry

April 9, 2024

Via: Hotel News Resource

In the hospitality industry, traditional metrics like revenue performance and guest satisfaction have long been the go-to indicators for assessing a hotel’s business health. However, as businesses increasingly acknowledge the vital role of talent in achieving success, talent retention has […]


Travel

Travel & Tourism Set to Break All Records in 2024, According to WTTC

April 8, 2024

Via: Hotel News Resource

The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 […]


News

Five on Friday: April 5th, 2024

April 5, 2024

Via: Hospitality Design

Chef José Andrés calls for action following strike that killed aid workers, HDAC announces its 2024 Awards of Excellence honoree, and a technology museum is planned in Xi’an. All that and more in this week’s Five on Friday. Italian architect […]


Finance and Development, Markets

U.S. Hotel Performance for Week Ending March 23rd

April 4, 2024

Via: Hotel News Resource

As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March. 24-30 March 2024 (percentage change from comparable week in 2023): Occupancy: 62.3% (-5.6%) Average daily rate (ADR): […]


Hotels

576 Room Voco Seoul Myeongdong Hotel to Open in South Korea

April 3, 2024

Via: Hotel News Resource

IHG Hotels & Resorts announced the signing of voco Seoul Myeongdong in partnership with Gravity Asset Management’s Seoul South Gate Hotel Operations Company and Hotel HDC Co., Ltd. The 576-room property will be rebranded as voco ahead of welcoming guests […]


Technology

3 Ways to Leverage Your Hotel PMS Data for Revenue Management Success

April 1, 2024

Via: Hotel News Resource

And when it comes to data, there’s no source more important than your Property Management System (PMS). Your PMS is the beating heart of your hotel operations, tracking everything from reservations and check-ins to hotel room rates and billing. But […]


Technology

How Artificial Intelligence is Redefining Modern Hospitality Procurement

April 1, 2024

Via: Hotel News Resource

While the future holds much promise, the rising operational costs pose a significant issue. From labour costs and food prices to energy bills, hotels must find ways to manage expenses and maintain profitability without compromising on quality. Given the current […]


Hotels

Vintage Details Reign at the George Hotel in South Carolina

March 29, 2024

Via: Hospitality Design

The George Hotel has opened its doors within Georgetown, South Carolina’s historic district. Developed and owned by Winyah Hospitality and operated by the Indigo Road Hospitality Group, the waterfront property features 56 guestrooms and suites alongside a full-service restaurant, bar, […]


Finance and Development, Financial

Hotel Investment in the Alps Heats Up

March 28, 2024

Via: Hotel News Resource

The 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 […]


Hotels

Big 5 Global Hotel Chains Dominate Hotel Development in Africa

March 26, 2024

Via: Hotel News Resource

When 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 […]


Hotels

Aman to Launch Beachfront Hotel in Dubai

March 25, 2024

Via: Hospitality Design

Global hospitality company Aman is bringing a new destination to the United Arab Emirates (UAE). Aman Dubai will occupy a shoreline property with an expansive private beach and nine acres of gardens. Along with an all-suite hotel, it will feature […]


Finance and Development, Trends

Skills&Based Talent Management in Hospitality and Tourism & By Bertrand Audrin

March 25, 2024

Via: Hotel News Resource

Recent 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

STR Reports More Global Hotel Markets Growing RevPAR

March 22, 2024

Via: Hotel News Resource

STR’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

U.S. Hotel Performance for Week Ending March 16th

March 21, 2024

Via: Hotel News Resource

U.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 […]


Hotels

Compass by Margaritaville Announces Expansion with 10 Upcoming Hotels

March 20, 2024

Via: Hotel News Resource

Following 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 […]


Hotels

Tapestry Collection by Hilton Hotels Announces Hotels in Rome, Naples and Perugia

March 19, 2024

Via: Hotel News Resource

Hilton (NYSE: HLT) today announced plans to expand its presence in Italy, with the signing of three hotels under its Tapestry Collection by Hilton brand. With properties planned in Rome, Naples and Perugia, the hotels will join the existing 36 […]


Finance and Development, Trends

Transforming Talent Sourcing in the Hotel Industry: The Rise of the Gig Economy and Fractional Staffing Models

March 18, 2024

Via: Hotel News Resource

In 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 […]