Category: News

June 12, 2023

Southeast Asia Portfolio Transacted For USD106.1 Million Three Southeast Asia properties, namely – Pullman Jakarta Central Park, ibis Saigon South, and Capri by Fraser (Ho Chi Minh) were sold. The transaction amounted to USD106.1 million and is the first hotel […]

June 8, 2023

Wellness and health tourism stands ready to offer significant benefits for destinations worldwide – but will need coordination, investments and a skilled workforce to fully deliver on its potential. That was the key takeaway message as leaders from the public […]

June 1, 2023

Booking.com’s LGBTQ+ travel research spotlights the steady progress, and the recent setbacks, for these communities when it comes to travel. For example: With a background of polarising political decisions in the past 12 months, personal safety has never been more […]

May 26, 2023

Photoshop integrates artificial intelligence, Wyndham Hotels & Resorts may have a buyer, and the countdown is on to the HD Awards! All that and more in this week’s Five on Friday. Due to factors like deforestation, pollution, and climate change, […]

May 12, 2023

The White House pens regulations to back frustrated flyers, a large-scale ocean restoration project for Dubai, and five trends from Milan Design Week. All that and more in this week’s Five on Friday. An out-of-this-world item for your dining bucket […]

May 5, 2023

Hyatt acquires hotel booking service Mr & Mrs Smith, tech pioneer Geoffrey Hinton quits Google, and the hospitality design industry convenes at HD Expo in Las Vegas. All that and more in this week’s Five on Friday. ICYMI: Highlights from […]

April 21, 2023

In celebration of Earth Day tomorrow, we are taking a moment to acknowledge some environmentally friendly projects and products that help make the world a better place now and in the future. These 11 new eco-minded products caught the attention […]

April 18, 2023

Yum Brands has exited the Russian market with the completion of the sale of its KFC business to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Audrey Eduardovich Oskolkov, the company said Monday. Both U.S. and […]

April 11, 2023

With experience spanning across almost two decades in the luxury hospitality industry, Kandalaft brings creativity, innovation and a drive for excellence to as the new Regional Vice President and General Manager. His enthusiastic international flair is certain to elevate both […]

April 3, 2023

MGH today released the results of a recent national survey of U.S. TikTok users that explores how the social media platform drives tourism discovery and action. The survey shows that TikTok – with its recently announced 150 million users in […]

March 14, 2023

Carter Group to Invest in Pro-invest APAC Value-add Hotels Fund New Zealand-based investment firm Carter Group Limited (“CG”) has become a significant stakeholder in Australia-based Pro-Invest Group (“PG”)’s AUD500 million Asia Pacific Hotel Fund. CG has sold the vacant 209-key […]

March 1, 2023

Fondo Italiano and Eulero Capital acquire stake in HNH Hospitality from Siparex Fund manager Fondo Italiano d’Investimento and investment manager Eurelo Capital, through the Fondo Italiano Consolidamento e Crescita (FICC), have taken over an equity stake in Italian operator HNH […]

February 15, 2023

UKHospitality Chief Executive Kate Nicholls said: “The rate of inflation decreasing for three months in a row is promising but it remains the case that price rises continue to significantly hinder hospitality businesses. “A drop in the cost of visiting […]

February 8, 2023

During a general session at the Americas Lodging Investment Summit, hotel owners explained how they have adapted their portfolio strategies, such as reinvesting capital or preparing hotels for sale. Changing market conditions across the U.S. have opened and closed deal […]

February 1, 2023

Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents, exceeding only the gains of Northeastern Asia in terms of occupancy and average daily rate (ADR) in 2022. This was due to strict and long-lasting COVID […]

January 27, 2023

Over the course of 2022, the hospitality sector in the Asia Pacific region has grown from strength-to-strength with the region reporting USD$8.4 billion in hotel transactions from Q1 to Q3. The tourism industry has signaled a better-than-expected recovery, with visitor […]

January 18, 2023

In 2022, Radisson Hotel Group continued to drive forward its ambitious expansion plan to be one of the top three hotel groups in the world with its portfolio of nine distinct brands and its growing resorts portfolio. Radisson Collection had […]

January 9, 2023

Operators of tours, attractions, activities and experiences have faced rapid change over the past several years, and the impacts of the COVID-19 pandemic have varied widely across regions and activity types. As a result, operators are experiencing an uneven recovery: […]

January 6, 2023

High Travel Prices Costly to Travel Morale For the last several months, we have been wondering if and when Americans’ patience with the high costs of travel will run thin. This may be coming to fruition. Currently 45% of Americans […]

January 6, 2023

THE EMPLOYMENT SITUATION — DECEMBER 2022 Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, […]