Finance and Development, Trends
October 23, 2023
Via: Hotel News ResourceThe 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% […]
Finance and Development, Trends
October 17, 2023
Via: Hotel News ResourceQuest 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 […]
Finance and Development, Trends
October 11, 2023
Via: Hotel News ResourceJust 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 […]
Finance and Development, Trends
October 10, 2023
Via: Hotel News ResourceIndonesian 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 […]
Finance and Development, Trends
October 4, 2023
Via: Hospitality DesignWhat 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 […]
Finance and Development, Trends
October 2, 2023
Via: Hotel News ResourceAs 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 […]
Finance and Development, Trends
September 29, 2023
Via: Hotel News ResourceSiteMinder, 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 […]
Finance and Development, Trends
September 26, 2023
Via: Hotel News ResourceJapanese REIT, Nippon Accommodations Fund Inc. (NAF) have agreed to purchase a portfolio of three hotels for a sum of JPY 3.1 billion, with the purchased properties in Nishi-Akashi, Matsuyama, and Naha, Japan. A total of 331 Rooms were acquired […]
Finance and Development, Trends
September 22, 2023
Via: Hotel News ResourceCanada’s hotel industry reported its highest occupancy level since August 2019, according to CoStar’s August 2023 data. August 2023 (percentage change from August 2022): Occupancy: 77.4% (+1.4%) Average daily rate (ADR): CAD226.04 (+5.8%) Revenue per available room (RevPAR): CAD174.87 (+7.2%) […]
Finance and Development, Trends
September 20, 2023
Via: Hotel News ResourceForwardKeys, a travel data and analytics firm, has recently released the latest Chinese outbound travel trends regarding Golden Week, ahead of the webinar with Dragon Trail International on September 26. As of September 6, bookings for upcoming Golden Week travel […]
Finance and Development, Trends
September 20, 2023
Via: Hotel News ResourceYesterday, the American Hotel & Lodging Association (AHLA) and the Hotel Association of Canada (HAC) have signed a Letter of Intent to form a joint venture company that will own and operate the Green Key Global certification program in the […]
Finance and Development, Trends
September 19, 2023
Via: Hotel News ResourceForwardKeys, the travel analytics firm has identified five major travel trends in global air travel this summer. These have been revealed by an analysis of the top destinations and top origin markets compared to last year and to pre-pandemic levels […]
Finance and Development, Trends
September 18, 2023
Via: Hotel News ResourceRunning a hotel isn’t just about offering a comfortable stay. Behind the impeccable service and finely made beds, lies a strategic world driven by the goal of increasing bookings and offering top-tier services. The challenge? Balancing memorable guest experiences while […]
Finance and Development, Trends
September 14, 2023
Via: Hotel News ResourceTo lead people and organizations successfully in the coming years, leaders need to have a clear understanding of these trends and how to implement them while considering the specific needs of their organizations and the context of their market. In […]
Finance and Development, Trends
September 1, 2023
Via: Hotel News ResourceIn the dynamic and highly competitive sphere of the hospitality industry, a towering challenge is prevalent for hotel operators: how to increase hotel bookings online through exclusive, direct channels. While third-party mediums like online travel agencies (OTAs) deliver a handy […]
Finance and Development, Trends
August 31, 2023
Via: Hotel News ResourceImagine a guest arrives at your hotel, ready to have a memorable stay, and something doesn’t go as expected. What happens when you can’t meet their expectations? The more prepared you and your staff are to handle guest complaints, the […]
Finance and Development, Trends
August 28, 2023
Via: Hotel News ResourceGlobal performance (excluding the U.S) showed a marginal week-over-week decrease in occupancy, down 1.2ppts to 72.1%, which is in line with historical patterns and expected given the industry’s seasonality. While occupancy was down from the prior week, it was up […]
Finance and Development, Trends
August 17, 2023
Via: Hotel News ResourceBuilding international booking volumes remain the driving force behind Portugal’s booming summer of travel. This is according to new data from SiteMinder, the world’s leading open hotel commerce platform. So far in August, over 77% of the reservations made to […]
Finance and Development, Trends
August 16, 2023
Via: Hotel News ResourceIt has been just over a year since announcing the successful outcomes from the third-party testing of airborne and surface pathogens at a Churchill Downs Incorporated (“CDI”) gaming property. Pyure’s technology has become an integral part of CDI’s efforts to […]
Finance and Development, Trends
August 7, 2023
Via: Hotel News ResourceCapitaLand Ascott Trust (CLAS) announces plans to purchase 3 properties in London, Dublin, and Jakarta, for a total of S$530.8 million, with the sale and purchase agreements expected to be signed at the end of November this year. The Singapore-based […]