Finance and Development, Markets
March 13, 2024
Via: Hotel News ResourceThe 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. […]
Finance and Development, Trends
February 13, 2024
Via: Restaurant DiveCoffee 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
Via: Restaurant DiveIn 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 […]
Finance and Development, Real Estate
January 25, 2024
Via: Hotel News ResourceCBRE 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
Via: Hospitality DesignDesign 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 […]
Finance and Development, Trends
November 22, 2023
Via: Hotel News ResourceMarketers have always been pretty resilient. Anyone who works in marketing will tell you there’s a needMarketers have always been pretty resilient. Anyone who works in marketing will tell you there’s a need to be flexible whilst juggling the best […]
Finance and Development, Trends
November 15, 2023
Via: Hotel News ResourceAmerican Express Travel released its annual Trending Destinations list for 2024 today, featuring the 10 must-visit vacation spots based on global American Express Card Member travel bookings and recommendations from Amex Travel’s team of 6,000 expert Travel Consultants. This year’s […]
Finance and Development, Trends
October 26, 2023
Via: Hotel News ResourceGuest 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, […]
Finance and Development, Real Estate
October 16, 2023
Via: Hotel News ResourceCBRE 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 […]
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, Markets
September 5, 2023
Via: Hotel News ResourcePricing Power Lags 2019 While Labor Costs Increase A presentation on inflation’s effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face […]
August 22, 2023
Via: Hotel News ResourceTravel insiders have long wondered when, or how, Amazon might flex its online muscle to follow other retail giants and non-travel brands into the sector. Yet such speculation misses the fact of the company’s growing behind-the-scenes role in travel, mostly […]
Finance and Development, Markets
August 21, 2023
Via: Hotel News ResourceThe U.S. hotel industry reported mixed performance results month over month, according to July 2023 from CoStar. July 2023 (percentage change from July 2022): Occupancy: 69.1% (-0.5%) Average daily rate (ADR): US$160.31 (+1.3%) Revenue per available room (RevPAR): US$110.80 (+0.8%) […]
August 15, 2023
Via: Smart MeetingsWhen leaders come together to tackle the biggest challenges in the hospitality meetings industry. something magic happens. A collective of facilitated table discussions sponsored by Maritz and labeled as Provocateur Circles provided a safe and comfortable arena to conduct open […]
August 11, 2023
Via: Smart Meetings“There were a few things that were revolutionary in terms of virtual events during the pandemic, first of all because we couldn’t go anywhere. We had no choice,” says Bob Vaez, founder and CEO of event software platform EventMobi, speaking […]
Finance and Development, Trends
August 1, 2023
Via: Hotel News ResourceIs the business world still Zooming from home? Has corporate travel spending made a full recovery from the pandemic? Are carbon budgets replacing financial budgets? Accor’s Masters of Travel advisory board meeting brought industry leaders from technology, law, energy, engineering, […]
July 12, 2023
Via: Hotel News ResourceHong Kong’s Far East Consortium is moving to sell two of Australia’s most prestigious hotels – The Ritz-Carlton, Melbourne and The Ritz-Carlton, Perth – amid strong demand for trophy luxury hotel investment opportunities in Australia. CBRE Hotels’ Michael Simpson, Tom […]
Finance and Development, Trends
July 6, 2023
Via: Hospitality DesignTwo panels, What Owners Want and Investor Outlook on the State of the Industry, at HD Expo + Conference 2023 highlighted the challenges affecting hospitality today. From money constraints to slowing supply growth and high interest rates, no topic was […]
June 28, 2023
Via: Hotel News ResourceThe global commerce landscape is amid massive disruption from political, technological, social, and economic perspectives and it all promises to impact the payment landscape in the coming years. Some like inflation and supply chain issues pose substantial challenges while others […]
Finance and Development, Markets
May 18, 2023
Via: Hotel News ResourceU.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May. 7-13 May 2023 (percentage change from comparable week in 2022): Occupancy: 65.1% (-2.0%) Average daily rate (ADR): US$154.90 (+3.4%) Revenue per available room (RevPAR): […]