Tag: development

March 31, 2023

Recent and Projected Hotel Performance The Norfolk-Virginia Beach MSA comprises several cities aside from Norfolk and Virginia Beach, including Chesapeake, Suffolk, Newport News, Hampton, Portsmouth, and Williamsburg. The region’s economy revolves around the federal government, the military, the aerospace industry, […]

March 22, 2023

IHG Hotels & Resorts has signed a management agreement with Arabella Group to develop three new hotels in Egypt between 2023 and 2026. The hotels – InterContinental North Coast Direction White, voco Cairo Arabella Plaza Cairo, and Crowne Plaza Cairo […]

March 15, 2023

InterGlobe Hotels announced the launch of their new hotel – ibis Thane, today. The hotel is located on Pokhran Road at the Thane district of Maharashtra, and is a 50 minutes’ drive from Terminal 2 of Mumbai International Airport. ibis […]

March 14, 2023

Hilton (NYSE: HLT) predicts 2023 will be its strongest year of growth in France, with seven planned hotel openings, the highest single-year increase to its French portfolio. As well as continued expansion in Paris, Hilton is focusing on major resort […]

March 7, 2023

Australian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new […]

March 6, 2023

The World Travel & Tourism Council (WTTC) has today launched the Hotel Sustainability Basics (Basics) verification scheme. Announced at ITB Berlin, Basics will enable tourist accommodation providers from around the world, regardless of their size, to begin their sustainability journey. […]

March 2, 2023

Graduate Hotels announced plans for the forthcoming Graduate Auburn hotel. The ground-up, new construction hotel is currently under development and expected to launch in 2024. Graduate Auburn will offer 177-keys, five stories, two food and beverage outlets including a rooftop […]

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 23, 2023

According to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in […]

February 20, 2023

Challenging global economic conditions and their implications reflected their impact on the travel and tourism sector’s deal activity in the first month of 2023. A total of 38 deals (comprising merger and acquisition, venture financing and private equity deals) were […]

February 13, 2023

In the wake of the pandemic, everything has changed, and seismic shifts have happened in the hospitality industry. Guests now expect hotels to go the extra mile, providing stays that offer a great, convenient experience and make them feel unique […]

February 9, 2023

Palisociety has announced plans to increase its footprint in California with its inaugural property in San Diego. Set to become the independent hospitality brand’s 15th unit upon opening later this spring, Palihotel San Diego will occupy the former St. James […]

February 7, 2023

Saison Hospitality has announced the reopening of sustainable seafood restaurant Angler Los Angeles. A facelift led by Built Inc reinvigorates the dining room, orienting the open layout around a central hearth and adding dividing walls for a heightened sense of […]

February 7, 2023

Hilton recently announced that the Waldorf Astoria brand will make its debut in Malaysia next year. The Hong Kong studio of LW Design will transform the former Istana Hotel Kuala Lumpur into the Waldorf Astoria Kuala Lumpur. “With the legacy […]

February 7, 2023

TRIBE has unveiled its fifth hotel in France, TRIBE Paris Saint-Ouen, in the emerging Saint-Ouen-sur-Seine suburb. Launched in partnership with Suitcase Hospitality, the new property brings TRIBE’s international portfolio to a total of 10 units. The 112-room lifestyle concept, designed […]

February 7, 2023

A Demonstrative Love for Travel With Valentine’s Day in its middle, February is a month often associated with love. Fittingly, love seems to be the feeling Americans have towards travel right now. Americans’ level of excitement to travel is at […]

February 6, 2023

The U.S. Travel Association last week launched a new quarterly press conference, led by the association’s President and CEO Geoff Freeman and incoming U.S. Travel National Chair and Hilton President and CEO Chris Nassetta. Together, they offered an industry perspective […]

February 6, 2023

U.S. Travel Association President and CEO Geoff Freeman issued the following statement on the U.S. Bureau of Labor Statistics January employment report, which saw the overall economy add 517,000 jobs and the leisure and hospitality sector add 128,000 jobs—more than […]

February 2, 2023

Hyatt Hotels Corporation (NYSE: H) today announced the planned rebranding of Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch to Grand Hyatt Scottsdale Resort & Spa in late 2024, which will mark the first Grand Hyatt hotel in Arizona. […]

February 2, 2023

Hyatt Hotels Corporation (NYSE: H) today announced the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the […]