Tag: hospitality

February 6, 2023

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 […]

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 6, 2023

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 […]

February 6, 2023

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 […]

February 3, 2023

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). […]

February 3, 2023

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 […]

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

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 […]

February 2, 2023

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): […]

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 […]

February 1, 2023

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; […]

February 1, 2023

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 […]

January 31, 2023

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 […]

January 30, 2023

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 […]

January 30, 2023

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, […]

January 30, 2023

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 […]

January 27, 2023

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 […]

January 27, 2023

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 […]

January 26, 2023

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 […]

January 26, 2023

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 […]