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Tag: hospitality


Hotels

The Alamite Launches in Tuscaloosa, Alabama

February 6, 2023

Via: Hospitality Design

The Alamite has debuted in Tuscaloosa, Alabama as part of Marriott’s Tribute Portfolio. Crafted by Avenue Interior Design, the 112-room boutique hotel is characterized a refined sense of place and a narrative inspired by family and Southern charm. “The owners […]


Finance and Development, Trends

Historic Jobs Report Underscores The Essential Role of Travel in U.S. Economic Recovery

February 6, 2023

Via: Hotel News Resource

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 […]


Hotels

SH Hotels & Resorts to Open the Baccarat Hotel Dubai in 2026

February 6, 2023

Via: Hotel News Resource

SH Hotels & Resorts, the hotel brand management company founded by hospitality visionary Barry Sternlicht, Chairman and CEO of Starwood Capital Group, today announced plans to open the Baccarat Hotel & Residences Dubai in 2026. The hotel is part of […]


Finance and Development, Trends

Hospitality Industry 3.0? – 2023 Top Hospitality Industry Trends from EHL Insights

February 6, 2023

Via: Hotel News Resource

What are the latest trends in the hospitality industry? Circumstances over the past few years have triggered a transformation within the hospitality industry. Many businesses didn’t survive, others adapted swiftly and hung on in there, and some were born out […]


Hotels

500 Room Hilton Miami Airport Blue Lagoon Hotel Sold

February 3, 2023

Via: Hotel News Resource

MCR has acquired the Hilton Miami Airport Blue Lagoon, a 14-story hotel with 508 rooms in Miami, Florida. With a prime waterfront setting within the Blue Lagoon business park, the hotel is located just south of Miami International Airport (MIA). […]


Hotels

1,000+ Room Diplomat Beach Resort in Hollywood, Florida Sold

February 3, 2023

Via: Hotel News Resource

A joint venture between non-US offered real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC today announced the acquisition of The Diplomat Beach Resort in Hollywood, Florida from a Brookfield […]


Hotels

Hyatt to Rebrand Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch Under the Grand Hyatt Brand in Late 2024

February 2, 2023

Via: Hotel News Resource

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. […]


Travel

What Customers Want and Expect While Traveling in 2023 – By John Smallwood, President Travel Outlook

February 2, 2023

Via: Hotel News Resource

There’s no doubt about it, travel has returned and is stronger than ever in 2023. Despite things returning to normal in many ways, the landscape of travel and the hospitality industry has hit an inflection point. Thanks to technological advancements […]


Finance and Development, Markets

U.S. Hotel Average Daily Rate for the Week of January 8th at $142.66 – 13.4% Above 2019

February 2, 2023

Via: Hotel News Resource

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January. 22-28 January 2023 (percentage change from comparable week in 2019*): Occupancy: 56.3% (-0.3%) Average daily rate (ADR): US$142.66 (+13.4%) Revenue per available room (RevPAR): […]


Finance and Development, Real Estate

Hyatt Completes Dream Hotel Group Acquisition

February 2, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Real Estate

KSL Capital Partners Acquires Martin Resorts Portfolio of Five Hotels in Avila Beach, Pismo Beach and Paso Robles, CA

February 1, 2023

Via: Hotel News Resource

KSL Capital Partners, LLC today announced that an affiliate has acquired the Martin Resorts Collection of five independent boutique hotels along California’s Central Coast, midway between Los Angeles and San Francisco. The collection includes Avila Lighthouse Suites in Avila Beach; […]


Finance and Development, Markets

GBR Consulting Reports Greek Hospitality Industry Performance 4th Quarter 2022

February 1, 2023

Via: Hotel News Resource

In line with the drop of international arrivals our monthly hotel performance survey on the performance of the Greek hotel sector showed a decline of room nights sold by 10.1% during 2022 compared to 2019 International arrivals in Greece declined […]


Hotels

DoubleTree by Hilton Toyama Hotel Opens in Japan's Hokuriku Region

January 31, 2023

Via: Hotel News Resource

Hilton (NYSE: HLT) today announced the opening of DoubleTree by Hilton Toyama, the first Hilton hotel in Japan’s Hokuriku region. Located on the coast of the Sea of Japan, Toyama offers convenient access to and from the major cities of […]


Finance and Development, Markets

HVS Report – Indian Hotel Sector – 2022 Performance Review – By Akash Datta and Dipti Mohan

January 30, 2023

Via: Hotel News Resource

The strong recovery in 2022 brought much relief to a sector devastated by COVID-19. The quick retraction of onerous COVID-19 policies, released the much pent-up demand in the market, making it the single biggest reason for a strong recovery. While […]


Finance and Development, Hotels

Marriott Panama Hotel Opens in Panama City

January 30, 2023

Via: Hotel News Resource

Marriott Hotels announced the opening of Marriott Panama Hotel, with a strategic location connecting the city to the road to the Panama Canal, and views toward the mountains. The property features several food and beverage outlets and an outdoor pool, […]


Finance and Development, Trends

Hawaii Hoteliers Drop Rates To Keep Occupancy High Amid Leisure Travel Fatigue – CoStar

January 30, 2023

Via: Hotel News Resource

Leisure travel fatigue and inflation are causing Hawaii hoteliers in leisure destinations to drop rates to strengthen demand. Hawaii’s hotel industry is coming off a year of strong rate growth and continues to inch closer to pre-pandemic occupancy levels, but […]


Hotels

Hyatt Regency Lahore DHA Hotel to Open 2024 in Pakistan

January 27, 2023

Via: Hotel News Resource

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a franchise agreement with FP Global (Private) Limited for Hyatt Regency Lahore DHA, which will mark the first Hyatt-branded hotel in Pakistan. Situated within Defence Housing […]


News

Radisson Hotel Group Provides Asia Pacific Hotel Development Update

January 27, 2023

Via: Hotel News Resource

Over the course of 2022, the hospitality sector in the Asia Pacific region has grown from strength-to-strength with the region reporting USD$8.4 billion in hotel transactions from Q1 to Q3. The tourism industry has signaled a better-than-expected recovery, with visitor […]


Hotels

The Emory Hotel to Open Winter 2023 in London

January 26, 2023

Via: Hotel News Resource

Maybourne Hotel Group announces a new addition to the group with the opening of The Emory, its fourth hotel in the capital. The Emory, a modern architectural masterpiece designed by the late Richard Rogers and Ivan Harbour of architectural firm […]


Finance and Development, Markets

U.S. Hotel Performance for the Week of January 21st Came in Slightly Lower Than the Previous Week

January 26, 2023

Via: Hotel News Resource

With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR‘s latest data through 21 January. 15-21 January 2023 (percentage change from comparable week in 2019*): Occupancy: 54.2% (-6.2%) Average […]