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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. […]


Restaurants

Paranza Restaurant Debuts at Atlantis Paradise Island

November 9, 2023

Via: Hospitality Design

Atlantis Paradise Island recently unveiled Paranza, a fine dining experience by Michelin-starred chef Michael White. A culinary love letter to Italy, the restaurant introduces innovative Italian regional cuisine to the Cove, the Bahamas resort’s all-suite retreat. Paranza—meaning small fishing boat […]


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 […]


Technology

Digital Transformation: A Competitive Edge in Tourism & Hospitality

November 8, 2023

Via: Hotel News Resource

Technology is an integral part of modern travel, influencing everything from trip planning, communication, transactions and beyond. The tourism and hospitality industry is rapidly evolving due to digital advancements. Guests now expect a high level of digital maturity from service […]


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 […]


Hotels

1 Hotel Mayfair Opens in London

November 6, 2023

Via: Hotel News Resource

1 Hotels announces the official opening of 1 Hotel Mayfair, its UK flagship and first European destination, developed in collaboration with Crosstree Real Estate Partners. Located on a fashionable corner of historic Mayfair overlooking the mature trees of Green Park, […]


News

Five on Friday: November 3rd, 2023

November 3, 2023

Via: Hospitality Design

The HD Awards ceremony moves to Vegas, Momofuku Ko will serve its last meal tomorrow, and the once-celebrated WeWork is expected to file for bankruptcy. All that and more in this week’s Five on Friday. A public park in Memphis […]


Hotels

Sunil Narang Named General Manager for the Four Seasons Hotel Nashville

November 3, 2023

Via: Hotel News Resource

Four Seasons Hotel Nashville has appointed Sunil Narang as General Manager. Narang has been with Four Seasons for more than 27 years, leading properties for the renowned hotel brand across the world. Before joining Four Seasons Hotel Nashville, he most […]


Hotels

1 Hotel Central Park Unveils Sprawling 19th-Floor Penthouse

November 2, 2023

Via: Hospitality Design

1 Hotel Central Park, which debuted in 2015 as the first New York hotel in the pioneering, sustainable luxury lifestyle brand founded by Barry Sternlicht, recently unveiled the Park Penthouse. Spanning 2,871 square feet with 1,201 square feet of outdoor […]


Technology

Mango Hill Hotels in India Migrates to the Cloud with Hotelogix for Efficient Group Operations

November 2, 2023

Via: Hotel News Resource

Hotelogix, a globally leading cloud-based hospitality technology provider, said that Mango Hill Hotels in India has adopted its multi-property management system to manage group operations, including reservations and online distribution centrally. It also states that the group is eyeing on […]


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 […]


Hotels

Kimpton Hotel Theta Opens in New York

October 30, 2023

Via: Hospitality Design

Kimpton Hotel Theta, managed by Highgate, recently opened its doors in Manhattan’s Theater District. The new IHG property is inspired by Theta brain waves (associated with self-reflection and meditation) as well as derives its name from the Greek alphabet’s eighth […]


Finance and Development, Trends

Hotel Financial Performance Influenced by Changes in Hotel Food and Beverage Offerings

October 30, 2023

Via: Hotel News Resource

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 […]


News

Five on Friday: October 27th, 2023

October 27, 2023

Via: Hospitality Design

The Fontainebleau inches toward its Las Vegas opening, new Airbnb regulations in New York may not boost hotel profits, and the World’s 50 Best Bars are announced. All that and more in this week’s Five on Friday. The $3.7 billion […]


Technology

Brittain Resorts & Hotels Deepens Investment in Revenue Management Technology with SiteMinder

October 27, 2023

Via: Hotel News Resource

Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix. The matrix, […]


News

Hilton Expands Franchise Model in Greater China to Include DoubleTree by Hilton Brand

October 26, 2023

Via: Hotel News Resource

Hilton (NYSE: HLT) announced the expansion of its franchise model in Greater China into the upscale full-service segment, with the inclusion of its award-winning DoubleTree by Hilton brand. The company announced 19 new franchise projects across its Hilton Garden Inn […]