Tag: travel

February 9, 2024

Best Western Hotels and Resorts announces the opening of Best Western SeaWorld San Antonio, located at 1605 W Loop, 1604 S, San Antonio, Texas. The hotel is owned by Aman Patel and features 70 guestrooms and 12 suites. Best Western […]

February 8, 2024

The hospitality and tourism industry, with its evolving landscape, must strike a balance between embracing technology, fostering innovation, and creating unforgettable experiences for visitors. In this article, we will explore how the industry needs to shift its mindset, putting customer […]

February 8, 2024

MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s net operating income, increasing it from $15 million at acquisition to $36 million. This represents a […]

February 8, 2024

U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. 28 January through 3 February 2024 (percentage change from comparable week in 2023): Occupancy: 55.2% (-0.1%) Average daily […]

February 7, 2024

For the first time, Accor joins the ‘A-list’ of global environmental non-profit CDP, as part of the leading companies regarding transparency, management of environment risks and demonstrating the rigor and ambition with which the climate issue is addressed in the […]

February 7, 2024

IHG Hotels & Resorts (IHG) yesterday announced that they have signed a memorandum of understanding (MoU) with Rakuten Group Inc.’s travel reservation service Rakuten Travel, a leading online travel agency in Japan, to collaborate on a seamless travel booking experience […]

February 7, 2024

CBRE and JLL present the landmark Caribe Hilton to the investment community. Highly profitable and situated on its own 17-acre waterfront peninsula in the Condado district, this renovated 652-key resort offers tremendous upside potential in San Juan, a city with […]

February 6, 2024

In a world where the hospitality industry is more competitive than ever, businesses always look for new ways to stand out and create unforgettable customer experiences. With the rise in popularity of the gaming industry, more hospitality businesses have found […]

February 6, 2024

Hyatt Hotels Corporation (NYSE: H) announced the opening of Ronil Goa, part of the JdV by Hyatt brand, in the holiday state of Goa, India. This marks the entry of the JdV by Hyatt brand in Southwest Asia. Located on […]

February 5, 2024

Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. 2023 per-available-room metrics (% change from 2022) GOPPAR: US$75.83 (+8.2%) TRevPAR: US$211.49 […]

February 5, 2024

A survey conducted by WYSE Travel Confederation among 57,000 travelers under the age of 30, revealed that 47% of this demographic book their accommodation on OTAs! It’s a figure that’s prompting more and more hoteliers to take an interest in […]

February 2, 2024

Restaurant menus return with more personality, the Super Bowl temporarily drives up Las Vegas hotel rates, and the wellness industry meets the demands of two polarizing markets. All that and more in this week’s Five on Friday. Restaurant menus make […]

February 2, 2024

Canadian hotel investment activity totalled approximately $320 million in the fourth quarter, pushing the year-end total to over $1.65 billion based on Colliers Hotels’ preliminary sales data. Investment activity remained resilient year-over-year with established and new entrants to the sector […]

February 1, 2024

U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January. 21-27 January 2024 (percentage change from comparable week in 2023): Occupancy: 56.2% (-0.3%) Average daily rate (ADR): US$149.76 (+5.1%) […]

February 1, 2024

The Ritz-Carlton Dallas, Las Colinas, opened its doors on January 23rd, becoming the newest addition to The Ritz-Carlton’s collection of over 110 hotels and resorts worldwide. The property has a 38-year-old legacy in the Dallas area and is undergoing a […]

February 1, 2024

The hotel, formerly known as Madrid Atocha Affiliated by Meliá and located in the heart of Madrid, has undergone a complete renovation and will reopen under the Meliá Collection brand, in response to the increasing demand for luxury accommodations in […]

January 31, 2024

Hotel design impacts every aspect of a traveler’s experience. To get a sense of where hotel design is headed this year, we asked a handful of veteran designers to share what they predict we’ll be seeing in 2024. “Luxury hotels […]

January 31, 2024

Today Travelodge, the UK’s first budget hotel brand, has released its latest Travel Report which delves into the upcoming holiday travel trends for 2024, as voted for by the nation. The release of Travelodge’s 2024 Travel Trend Report, which was […]

January 31, 2024

Whitbread PLC, the UK’s largest hotel business and owner of Premier Inn, has opened the doors to the most westerly hotel at Cork City, Ireland. The 187-bedroom hotel is the first Premier Inn to open outside of Dublin and represents […]

January 31, 2024

The global business travel industry has put the pandemic behind it and is riding a wave of momentum at the start of 2024. A majority of travel buyers report increases in bookings and spending for 2023 and expect this year-over-year […]