Tag: business

July 26, 2024

Why a rate shopper is an invaluable tool for hoteliers Hotel revenue management has never been more challenging. The markets are unpredictable, margins are thin, and competition is fierce from both traditional hotels and short-term rentals. Guests are also savvier […]

July 24, 2024

Siloed and fragmented procurement software often complicates the procure-to-pay process. Outdated solutions are typically expensive, inflexible, and inefficient, yet many organisations persist in using these antiquated systems. This reliance on old-fashioned procurement management systems hinders operational efficiency. A 2023 Procurement […]

July 22, 2024

Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. June 2024 (% change in comparison with June […]

July 18, 2024

JRK Property Holdings, through its $350 million Hospitality Fund, has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla, CA from Braemar Hotels & Resorts for $165 million. The resort sits on an 11.4-acre site adjacent to the […]

July 18, 2024

The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. U.S. Hotel Pipeline June 2024 (percentage change from June 2023) In construction: 157,713 rooms (+5.5%) Final Planning: 266,619 rooms (+9.8%) […]

July 16, 2024

Hotel managers like you are constantly seeking innovative ways to maximize revenue and attract more guests, especially in the lucrative group and event sales market. By reimagining spaces and amenities, hotels are discovering new selling techniques that not only fill […]

July 2, 2024

According to BCD Travel’s Cities & Trends 2023 Asia Pacific Report, Singapore, Hong Kong and Bangkok are the most visited cities in the region by APAC business travelers. The intercontinental list is led by Frankfurt, London and Amsterdam. The report is […]

June 20, 2024

According to Phocuswright’s report The State of Travel Funding 2023, there has been a cooling in the last couple of years. Data has shown travel funding totaled $4.6 billion in 2023, a drop from $12 billion in 2022. And 2024 is off to […]

June 5, 2024

Summer is the perfect season to host vibrant and memorable events at your property and to increase revenue this summer. This means you need to put your summer hotel marketing into high gear now. Whether you have a large outdoor […]

May 6, 2024

Restaurant owners entered 2024 feeling optimistic, according to data from the Square 2024 Future of Restaurants report. The industry has embraced technology solutions to tackle staffing, process, and efficiency challenges. Now, restaurant operators across regions have fresh priorities to stay […]

April 29, 2024

The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below […]

April 24, 2024

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% […]

April 19, 2024

Trailborn—a new hospitality brand rooted in and inspired by the great American outdoors—will launch its second property this July. Set to debut in downtown Highlands, North Carolina, the forthcoming property follows the December 2023 opening of Trailborn Rocky Mountains (a […]

April 18, 2024

Travel and tourism sector witnessed the announcement of 165 deals* globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according […]

March 18, 2024

Global hospitality group Noble 33 is joining forces with Super Bowl champions Travis Kelce and Patrick Mahomes to launch 1587 Prime—a name in inspired by the jersey numbers of the two Kansas City Chiefs stars. Crafted by Noble 33’s in-house […]

March 13, 2024

The travel and tourism sector witnessed the announcement of 93 deals* globally during the first two months of 2024, an year-on-year (YoY) decline of 22.5% compared to the announcement of 120 deals during the same period in 2023, reveals GlobalData. […]

February 13, 2024

Coffee and tea are hot across foodservice — and c-stores play an important part in that growth. Overall, customer traffic at gourmet coffee and tea outlets grew 12% in the fourth quarter, according to Circana, while traffic in the overall […]

February 5, 2024

In her new role, Williams will oversee operations, real estate and development and supply chain, according to the press release. Her experience at Starbucks has prepared her to support Sweetgreen’s ongoing growth strategies. At Starbucks, where she last held the […]

January 25, 2024

CBRE Hotels, as sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest (with the leasehold interest in the Event Center) in the 187-room Sheraton McKinney. Positioned at the intersection of two prominent […]

January 8, 2024

Design studio Yabu Pushelberg was enlisted by French fine winery Moët & Chandon—part of luxury goods company LVMH—to weave a visual tapestry of heritage and celebration for its new bar nestled within Berlin’s iconic KaDeWe department store. The design of […]