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Finance and Development, Markets

U.S. Hotel Performance for Week Ending March 16th

March 21, 2024

Via: Hotel News Resource

U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. 10-16 March 2024 (percentage change from comparable week in 2023): Occupancy: 66.5% (-1.4%) Average daily rate (ADR): US$163.21 […]


Hotels

Compass by Margaritaville Announces Expansion with 10 Upcoming Hotels

March 20, 2024

Via: Hotel News Resource

Following the opening in Naples, Margaritaville announces an expansion of the brand’s Compass by Margaritaville collection of boutique hotels. Offering the same lifestyle guests know and love in a smaller, more intimate footprint, openings include: Naples, FL (Opened March 2024) – The […]


Hotels

Tapestry Collection by Hilton Hotels Announces Hotels in Rome, Naples and Perugia

March 19, 2024

Via: Hotel News Resource

Hilton (NYSE: HLT) today announced plans to expand its presence in Italy, with the signing of three hotels under its Tapestry Collection by Hilton brand. With properties planned in Rome, Naples and Perugia, the hotels will join the existing 36 […]


Finance and Development, Trends

Transforming Talent Sourcing in the Hotel Industry: The Rise of the Gig Economy and Fractional Staffing Models

March 18, 2024

Via: Hotel News Resource

In the recently released HSMAI Foundation Special Report: The State of Hotel Sales, Marketing, and Revenue Optimization Talent 2023-2024, the second trend investigates how the gig economy and fractional staffing models are changing talent sourcing. Employers in the hospitality industry […]


Restaurants

Travis Kelce and Patrick Mahomes Are Opening a Restaurant

March 18, 2024

Via: Hospitality Design

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 […]


Finance and Development, Trends

Amsterdam and New York Are the Top Destinations for European Business Travelers

March 14, 2024

Via: Hotel News Resource

According to BCD Travel’s Cities & Trends Europe 2023 edition, Amsterdam and New York are the most visited cities for European business travelers. The most popular countries are Germany and the United States. The report is based on BCD flight and […]


Finance and Development, Markets

Travel and Tourism Sector Deal Activity Down by 22.5% YoY During January&February 2024

March 13, 2024

Via: Hotel News Resource

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. […]


Finance and Development, Markets

Dubai Hotel Occupancy Jumped to 90.8% During February

March 12, 2024

Via: Hotel News Resource

A series of events pushed all-time high occupancy levels in Dubai, according to February preliminary data from CoStar. February 2024 (year-over-year % change): Occupancy: 90.8% (+3.4%) Average daily rate (ADR): AED887.06 (+9.3%) Revenue per available room (RevPAR): AED805.21 (+13.1%) Read […]


Technology

Super&Apps Are About to Conquer the Travel Industry

March 12, 2024

Via: Hotel News Resource

Tourism with its often complex booking requirements for providers and users alike presents an ideal case for using super-apps, which with the help of AI can establish intelligent links and analyse needs. This was put forward at a panel discussion […]


Hotels

265 Room Caesars Republic Scottsdale Hotel Opens in Scottsdale, Arizona

March 11, 2024

Via: Hotel News Resource

The Caesars Rewards hotel is a modern 11-story, 265-room luxury hotel. Caesars Republic Scottsdale promises a truly unparalleled experience in the Valley of the Sun, marking the first non-gaming Caesars hotel in the United States. In collaboration with Caesars Entertainment […]


Finance and Development, Financial

UKHospitality Says Spring Budget Contains Very Little for Hospitality Businesses

March 7, 2024

Via: Hotel News Resource

Kate Nicholls, Chief Executive of UKHospitality, said: “The Chancellor missed a real opportunity today to show that he backs hospitality and understands the real pain they are enduring. “He had a chance to accelerate and unlock hospitality, but instead he […]


Technology

Hotelogix Becomes the Leading Cloud Hotel PMS in the Philippines

March 6, 2024

Via: Hotel News Resource

Hotelogix, a globally leading cloud-based hospitality technology provider, proudly announced that it has become the leading Cloud-based Property Management System for Hotels in the Philippines. This significant milestone was achieved following the successful signing of 57 properties with 7437 rooms […]


Travel

ITB Berlin & Travel Market Set for Growth Again

March 5, 2024

Via: Hotel News Resource

In 2023, the travel market not only recovered from its slump during the crisis of the Covid pandemic, it even surpassed 2019 levels. “Now we can really say the pandemic is over“, said Charuta Fadnis, vice president of the tourism […]


Hotels

Santo Domingo Marriott Hotel Piantini Opens in the Dominican Republic

March 5, 2024

Via: Hotel News Resource

Today, Marriott Hotels announced the opening of Santo Domingo Marriott Hotel Piantini, marking the flagship brand’s debut in the Dominican Republic’s metropolis. Located in the heart of the financial and entertainment center of Santo Domingo, the hotel is situated near […]


Finance and Development, Markets

STR Commentary on U.S. Hotel Performance for January 2024

March 4, 2024

Via: Hotel News Resource

Top-Line Metrics (January 2024, percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): $146.33 (+2.7%) Revenue per available room (RevPAR): $75.99 (+0.9%) Key points January produced modest RevPAR growth, reflecting the continued return to pre-COVID patterns of […]


Restaurants

The Nazca Lines Inspire a New Dubai Restaurant

February 28, 2024

Via: Hospitality Design

Located on the 12th floor of the Address Dubai Mall—a luxury hotel and lifestyle destination—Nazcaa is a new a dining concept that fuses Peruvian and Japanese cuisine. Designed by ZNera Space and Habitat Architects, Nazcaa was born out of a […]


Hotels

Finland Welcomes Its First Radisson RED Hotel

February 28, 2024

Via: Hospitality Design

Finland has welcomed its inaugural Radisson RED Hotel, the 195-room Radisson RED Helsinki. Situated at the corner of Kaisaniemi Park, the hotel is a fusion of local Nordic aesthetics, striking architectural elements, and the boutique hotel brand’s recognizable visual identity. […]


Hotels

Embassy Suites by Hilton Gatlinburg Resort Opens in Tennessee

February 27, 2024

Via: Hotel News Resource

Hospitality Solutions and Hilton (NYSE: HLT), will welcome guests to Embassy Suites by Hilton Gatlinburg Resort, a new resort located in Gatlinburg, on March 15. The new Embassy Suites by Hilton Gatlinburg Resort sits at the base of the Great […]


Finance and Development, Markets

Global Urban Hotel Performance is Accelerating According to JLL

February 27, 2024

Via: Hotel News Resource

While global hotel revenue per available room (RevPAR) remains elevated, surpassing 2019 levels by 11.7% through the first eleven months of 2023, performance has begun to normalize as some leisure travel contracts. Stabilization has weighed heaviest in resort markets, predominantly […]


News

Notes From the Road: Healing in Paradise

February 27, 2024

Via: Smart Meetings

South Florida offers luxury, wellness and experiences Touring through South Florida was almost an international experience as I explored all the different influences Marriott International has interwoven into their hospitality, culinary and wellness offerings. A true melting pot of culture, […]