Tag: hotel

July 26, 2024

Why a rate shopper is an invaluable tool for hoteliers Hotel revenue management has never been more challenging. The markets are unpredictable, margins are thin, and competition is fierce from both traditional hotels and short-term rentals. Guests are also savvier […]

July 26, 2024

Hilton (NYSE: HLT) announces the grand opening of Hilton Kathmandu, marking the hospitality company’s foray into Nepal. Located in the heart of the Kathmandu Valley, the hotel is located in Naxal, just four kilometres from Tribhuvan International Airport and minutes […]

July 25, 2024

The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July. 14-20 July 2024 (percentage change from comparable week in 2023): Occupancy: 73.5% (+1.0%) Average daily […]

July 24, 2024

Hotels have long relied on traditional revenue streams such as room bookings, dining, and spa services. However, in an increasingly competitive market, innovative hoteliers are exploring new ways to boost their bottom line. One often overlooked yet highly lucrative opportunity […]

July 24, 2024

Siloed and fragmented procurement software often complicates the procure-to-pay process. Outdated solutions are typically expensive, inflexible, and inefficient, yet many organisations persist in using these antiquated systems. This reliance on old-fashioned procurement management systems hinders operational efficiency. A 2023 Procurement […]

July 23, 2024

Courtyard by Marriott today announced the opening of Courtyard by Marriott Sapporo in Sapporo City, the capital of Japan’s northernmost island of Hokkaido. The new hotel is the eighth Courtyard by Marriott hotel to open in Japan and the first Courtyard by Marriott […]

July 22, 2024

CASA NEOS, founded and operated by Riviera Dining Group (RDG), has made its debut in Miami. Nestled along the Miami River, the sprawling 30,000-square-foot property opens with four distinct offerings: a signature restaurant, boutique hotel, rooftop lounge, and a members-only beach […]

July 22, 2024

Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. June 2024 (% change in comparison with June […]

July 19, 2024

 Minor Hotels (China) announced the official signing of a Tivoli and NH dual-branded property in Yining, Xinjiang. This marks the debut of the luxury Tivoli Hotels & Resorts and upscale NH Hotels & Resorts brands in Northwest China. Upon opening […]

July 18, 2024

JRK Property Holdings, through its $350 million Hospitality Fund, has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla, CA from Braemar Hotels & Resorts for $165 million. The resort sits on an 11.4-acre site adjacent to the […]

July 18, 2024

The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. U.S. Hotel Pipeline June 2024 (percentage change from June 2023) In construction: 157,713 rooms (+5.5%) Final Planning: 266,619 rooms (+9.8%) […]

July 17, 2024

Texas Western Hospitality of Addison, Texas today announced the opening of their newest property, Home2 Suites by Hilton in Laredo, Texas. The hotel features 107 suites and a range of value, tech-focused and eco-conscious amenities. General Manager Rejino Perez leads […]

July 16, 2024

Hotel managers like you are constantly seeking innovative ways to maximize revenue and attract more guests, especially in the lucrative group and event sales market. By reimagining spaces and amenities, hotels are discovering new selling techniques that not only fill […]

July 15, 2024

Auberge Resorts Collection has been appointed by Reuben Brothers to manage Cambridge House, the former In and Out Military Club, in Mayfair, London. The renewal of this historic property at 94 Piccadilly will capture the spirit of London like no other hotel to provide […]

July 12, 2024

Travelodge, the UK’s first budget hotel chain, which operates more than 600 hotels across the UK, Ireland and Spain has officially opened Colchester Northern Gateway Travelodge – the group’s first hotel in the City of Colchester. To mark the official […]

July 10, 2024

The ‘Love Is In The Air’ Vivid Drone Show and the 71st Sydney Film Festival lifted June hotel performance in the market, according to preliminary data from CoStar. June 2024 (year-over-year % change): Occupancy: 72.6% (+1.0%) Average daily rate (ADR): […]

July 10, 2024

In Germany Demand for holidays is more robust and lively than it has been for a long time. Booking figures are back to pre-corona levels in many places, and even higher in some areas. Neither higher end prices nor international […]

July 9, 2024

Sotherly Hotels Inc. (NASDAQ: SOHO) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel in Jacksonville, FL. The loan, which carries a floating interest rate based […]

July 8, 2024

The old saying “a bird in the hand is worth two in a bush” is a valuable lesson for us all. It simply means you should stick with the modest prize you’ve already secured instead of chasing what you might […]

July 8, 2024

Radisson Hotel Group announced its debut in Tunis with the opening of Radisson Hotel Tunis City Center. Nestled in the heart of Tunisia’s bustling capital city, Radisson Hotel Tunis City Center offers easy access to some of the city’s top […]