Category: Finance and Development

October 31, 2023

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 […]

October 30, 2023

The 2020 COVID-influenced lodging industry recession resulted in some noticeable changes to the way hotels provide food and beverage (F&B) service. Social distancing regulations forced operators to be creative in the way they served food and beverages to guests. Rising […]

October 26, 2023

Guest experience has been a focal point over the past few years due to changing traveler expectations as a result of the pandemic. Cloudbeds’ 2023 State of Independent Lodging Report found that today’s traveler is less interested in traditional accommodations, […]

October 25, 2023

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 82-key Hampton Inn & Suites by Hilton Houston North IAH Airport. This offering presents an excellent opportunity for an investor to […]

October 24, 2023

Gruppo Statuto acquires Six Senses Rome from Orion Capital Italian investor Gruppo Statuto has acquired the ultra-luxury, 96-room Six Senses Rome for a reported €245 million (€2.6 million per room), from London-based real estate investment manager Orion Capital. The trophy […]

October 23, 2023

The 28-day soccer event was a major success for Qatar. A cumulative of 3.4 million football fans attended the tournament and average occupancy across stadiums was recorded as 96.3%. The country welcomed 1.18 million international visitors, representing 412% and 318% […]

October 19, 2023

Despite current economic headwinds and constraints on airline seat availability, hotel performance in Asia Pacific has continued to improve in 2023. The recovery continues to be largely driven by domestic demand, although the return of mainland Chinese tourists at the […]

October 18, 2023

You may recall that I have written two previous articles about the possibility that the federal government would join a few states in prohibiting so-called “junk fees,” defined essentially as mandatory charges added late in the buying process as a, […]

October 17, 2023

Specialist lender Leumi UK has agreed a €43 million loan to The Dean Hotel Group for the purchase of the Clarence Hotel, a historic four-star hotel in Dublin’s city centre previously owned by members of the rock band U2. The […]

October 17, 2023

Quest Woolooware Bay, a newly built serviced apartment hotel located in Sydney’s Sutherland Shire has recently been purchased by the Australian Rugby League Commission (ARLC). The new property is set to open late November 2023, Quest Hotels will assume a […]

October 16, 2023

CBRE Hotels presents the fee-simple interest for the 213-room Holiday Inn Houston Downtown in Houston, Texas. This urban core asset has an unbeatable location on a hard corner on Main Street in the CBD. In addition to the 17-story hotel […]

October 12, 2023

With the summer travel surge concluded, London’s hotel industry showed more normalized levels of growth, according to preliminary September 2023 data from CoStar. September 2023 (year-over-year % change): Occupancy: 84.3% (+3.1%) Average daily rate (ADR): GBP208.51 (+2.6%) Revenue per available […]

October 11, 2023

Just as my sons are learning every day, we as hospitality professionals have learned through patterns of what has worked in the past. We have even trained Artificial Intelligence to identify the trends we look for and make assumptions based […]

October 10, 2023

Indonesian President Introduces Indonesia’s First High-speed Railway The high-speed railway project estimated to have cost $7.3 billion will connect the cities of Jakarta and Bandung, which has historically been one of the world’s most congested travel corridors. The new rail […]

October 9, 2023

The Baird/STR Hotel Stock Index dropped 2.0% in September to a level of 5,739. “Hotel stocks were down again in September, but they outperformed their relative benchmarks,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Both the […]

October 4, 2023

What does sustainability look like when viewed through a hospitality lens? Many hotel brands around the world are looking inward—thinking hard about who they are and what they stand for—as they come up with answers. Driven by a desire to […]

October 3, 2023

Dusit International has announced the expansion of its hotel brand lineup with the launch of two new brands: Dusit Collection and Devarana – Dusit Retreats. Building on the strength of Dusit’s existing portfolio, which encompasses Dusit Thani (luxury), Dusit Suites […]

October 2, 2023

As compared to the week prior, global occupancy (excluding the U.S) grew slightly, up 1.2ppts to 72.1%. There continued to be strong year-over-year growth with the measure up 4.6ppts. ADR showed solid gains, rising 11.8% to US$150, which was the […]

September 29, 2023

SiteMinder, the world’s leading open hotel commerce platform, has released the 2023 edition of the world’s largest consumer research on accommodation, which reveals that 91% of travellers intend to travel at least the same amount as they did over the […]

September 29, 2023

Black Creek Mexico announced that affiliates of Alojica, a BCM sponsored investment platform, have completed the acquisition of the Marriott Puerto Vallarta Resort & Spa, from an affiliate of Marriott International, Inc. The 433-room beachfront resort, located in Puerto Vallarta, […]