Finance and Development, Financial
March 28, 2024
Via: Hotel News ResourceThe Savoie and Haute-Savoie regions alone have seen hotel transaction volumes double over the past two years, breaking records with more than €800 million ($875 million) of hotel deals closed, JLL data shows. “Due to the warming climate, and limited […]
March 26, 2024
Via: Hotel News ResourceWhen it comes to hotel development across Africa in 2024, just five words tell the story, “Egypt and the Big 5”. In this context, “the Big 5” does not refer to Africa’s major wildlife attractions, (lion, leopard, rhinoceros, elephant and […]
March 25, 2024
Via: Hospitality DesignGlobal hospitality company Aman is bringing a new destination to the United Arab Emirates (UAE). Aman Dubai will occupy a shoreline property with an expansive private beach and nine acres of gardens. Along with an all-suite hotel, it will feature […]
Finance and Development, Trends
March 25, 2024
Via: Hotel News ResourceRecent studies have proven that employees can be a major source of competitive advantage, but they must be managed effectively and considerately to reap those benefits. The industry presents unique challenges for employees and managers, such as long working hours, […]
Finance and Development, Markets
March 22, 2024
Via: Hotel News ResourceSTR’s global “bubble chart” update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate […]
Finance and Development, Markets
March 21, 2024
Via: Hotel News ResourceU.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 […]
March 20, 2024
Via: Hotel News ResourceFollowing 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 […]
March 19, 2024
Via: Hotel News ResourceHilton (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
March 18, 2024
Via: Hotel News ResourceIn 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 […]
March 18, 2024
Via: Hospitality DesignGlobal 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 […]
March 15, 2024
Via: Hotel News ResourceIndian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of Scenic Munnar – IHCL SeleQtions hotel in Kerala. Nestled amidst lush emerald hills, the city beckons tourists with its natural beauty. Commenting on the opening, Mr. Puneet […]
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, Markets
March 12, 2024
Via: Hotel News ResourceA 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 […]
March 12, 2024
Via: Hotel News ResourceTourism 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 […]
March 11, 2024
Via: Hotel News ResourceThe 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 […]
March 8, 2024
Via: Hotel News ResourceTo celebrate International Women’s Day, the World Travel & Tourism Council (WTTC) underscores the pivotal role of women in the global Travel & Tourism sector. According to WTTC data, women in tourism comprise a significant portion of the sector’s workforce, […]
Finance and Development, Financial
March 7, 2024
Via: Hotel News ResourceKate 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 […]
March 5, 2024
Via: Hotel News ResourceToday, 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
March 4, 2024
Via: Hotel News ResourceTop-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 […]
February 29, 2024
Via: Hospitality DesignThe Kimpton Hotel Monaco Salt Lake City in Utah has emerged from a four-month renovation. Housed in the city’s Continental Bank building, built in 1928, the revitalized property honors its history, both architecturally and geologically, while ushering in a new […]