Top

Category: Finance and Development


Finance and Development, Trends

Graphenstone Paints A Different Carbon Future For The Hospitality Industry

November 29, 2023

Via: The World of Hospitality

Air-purifying paints can play a small but significant role for designers, brands, and specifiers in the hospitality industry seeking innovative and sustainable product solutions required to reach net-zero goals. Whilst paint as a source of saving carbon may not be […]


Finance and Development, Trends

High-End Design Elements Meet the Needs of Today’s Travelers

November 28, 2023

Via: Hospitality Design

The global luxury hotel market is on the rise, reaching a valuation of $128.5 billion in 2022 with an expectation to increase to $140.3 billion by the end of this year. Recent projections from Fortune Business Insights indicate a remarkable […]


Finance and Development, Real Estate

Standard International Introduces New Hotel Brand StandardX

November 27, 2023

Via: Hospitality Design

Standard International will soon add a new hotel brand to its portfolio: the StandardX. The new concept is derived from the Standard’s youthful roots, drawing inspiration from the spirit that defined its inception 25 years ago—when the now-shuttered Standard, Hollywood […]


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

Higher-End Chain Scale Projects Dominate the Middle East Hotel Construction Pipeline, Reaching Record Highs at Q3 Close

November 21, 2023

Via: Hotel News Resource

According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are […]


Finance and Development, Markets

STR and Tourism Economics Upgrade U.S. Hotel ADR and RevPAR Forecast

November 20, 2023

Via: Hotel News Resource

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023. For 2023, growth in RevPAR was raised by 0.3 percentage points, due […]


Finance and Development, Trends

Amadeus Travel Trends 2024: How Will We Travel Next Year?

November 17, 2023

Via: Hotel News Resource

Travelers never stand still for long. This is an industry of dynamic change, one always evolving and adapting to the latest innovation, fashion, or cultural shift. While it is impossible to know exactly what tomorrow will bring, Amadeus’ position at […]


Finance and Development, Trends

Society’s Values: Decoding the Impact of Pop Culture on Hospitality

November 16, 2023

Via: Hotel News Resource

Hospitality venues are more than just background scenery Imagine a world where the elegance of Spanish TV series “Grand Hotel” converges with the gritty allure of “Sweetbitter.” Just as “Grand Hotel” provides a peek into the concealed intricacies of a […]


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 […]


Finance and Development, Trends

Madrid Hotels Post Highest ADR and RevPAR on Record in October

November 14, 2023

Via: Hotel News Resource

Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. October 2023 (year-over-year % change): Occupancy: 81.9% (+2.0%) Average daily rate (ADR): EUR204.35 […]


Finance and Development, Real Estate

Trump International Hotel, Waikiki to Rebrand in 2024 As Wākea Waikiki Beach As Part of LXR Hotels & Resorts

November 13, 2023

Via: Hotel News Resource

Irongate and Hilton announced plans for a transformation of one of Hawaii’s most revered properties. The Trump International Hotel, Waikiki, will be reborn as Wākea Waikiki Beach under the management of LXR Hotels & Resorts officially taking place February 2024. […]


Finance and Development, Financial

U.S. Hotel Stocks Down 2.4% in October

November 10, 2023

Via: Hotel News Resource

he Baird/STR Hotel Stock Index decreased 2.4% in October to a level of 5,600. “Hotel stocks fell for the third consecutive month in October, and performance directionally tracked the broader indices,” said Michael Bellisario, senior hotel research analyst and director […]


Finance and Development, Markets

Travel and Tourism Sector Deal Activity Down by 31.8% YoY During January-October 2023

November 10, 2023

Via: Hotel News Resource

A total of 621 deals* were announced in the travel and tourism sector globally during January-October 2023, which was a decline of 31.8% compared to the announcement of 911 deals during the same period in the previous year, finds GlobalData. […]


Finance and Development, Real Estate

Kimpton Grand Roatán Resort & Spa Opens in the Caribbean

November 9, 2023

Via: Hospitality Design

The Kimpton Grand Roatán Resort & Spa opened its doors last month on the West Bay Beach of Roatán island. The Caribbean resort houses 119 guestrooms, suites, and condos, four restaurants and bars, a spa, and nearly 6,000 square feet […]


Finance and Development, Trends

2024 Budgeting: How to Improve Hotel Performance in Uncertain Times – By Tanya Venegas

November 8, 2023

Via: Hotel News Resource

In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in […]


Finance and Development, Trends

WTM Global Report: Leisure Travel is More Important Than Ever for Consumers

November 7, 2023

Via: Hotel News Resource

Consumers around the world are “prioritising” leisure travel for their discretionary spend, leading to a positive post-pandemic outlook for the global tourism industry, reveals new research. The WTM Global Travel Report, in association with Oxford Economics, is launched today at […]


Finance and Development, Real Estate

Ibis Styles Hotel to Open 2027 in Sorriso, Mato Grosso, Brazil

November 7, 2023

Via: Hotel News Resource

Accor 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 […]


Finance and Development, Real Estate

Tru by Hilton Announces First New York City Hotel

November 6, 2023

Via: Hotel News Resource

This October, Tru by Hilton, Hilton’s (NYSE: HLT) midscale brand, welcomed new hotels in North Carolina, South Carolina, Texas and Virginia. Together, the five new Tru by Hilton locations in the U.S. have pushed the seven-years-young brand past a milestone […]


Finance and Development, Markets

HVS Europe Hotel Transactions Bulletin Week Ending 27 October 2023

November 1, 2023

Via: Hotel News Resource

Saudi Arabia Sovereign Wealth Fund PIF to acquire 49% stake in Rocco Forte Hotels Saudi Arabia’s Public Investment Fund (PIF) is close to acquiring a 49% stake in Rocco Forte Hotels, valuing the stake at approximately €1.5 billion. Sir Rocco […]


Finance and Development, Trends

Global Travel Trends 2023 from ForwardKeys

October 31, 2023

Via: Hotel News Resource

As the leading provider of comprehensive global air travel intelligence, ForwardKeys is delighted to release the 2023 Global Travel Trends Report. The report examines the emerging patterns of global tourism and evolving traveller behaviour that have shaped the industry through […]