February 8, 2024
Via: Hotel News ResourceThe hospitality and tourism industry, with its evolving landscape, must strike a balance between embracing technology, fostering innovation, and creating unforgettable experiences for visitors. In this article, we will explore how the industry needs to shift its mindset, putting customer […]
Finance and Development, Real Estate
February 8, 2024
Via: Hotel News ResourceMCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s net operating income, increasing it from $15 million at acquisition to $36 million. This represents a […]
Finance and Development, Markets
February 8, 2024
Via: Hotel News ResourceU.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. 28 January through 3 February 2024 (percentage change from comparable week in 2023): Occupancy: 55.2% (-0.1%) Average daily […]
February 7, 2024
Via: Hotel News ResourceFor the first time, Accor joins the ‘A-list’ of global environmental non-profit CDP, as part of the leading companies regarding transparency, management of environment risks and demonstrating the rigor and ambition with which the climate issue is addressed in the […]
February 7, 2024
Via: Hotel News ResourceIHG Hotels & Resorts (IHG) yesterday announced that they have signed a memorandum of understanding (MoU) with Rakuten Group Inc.’s travel reservation service Rakuten Travel, a leading online travel agency in Japan, to collaborate on a seamless travel booking experience […]
February 7, 2024
Via: Hospitality DesignCBRE and JLL present the landmark Caribe Hilton to the investment community. Highly profitable and situated on its own 17-acre waterfront peninsula in the Condado district, this renovated 652-key resort offers tremendous upside potential in San Juan, a city with […]
February 6, 2024
Via: Hospitality DesignSH Hotels & Resorts has unveiled ambitious expansion plans. Over the next four years, the company, founded by Barry Sternlicht, will add 19 properties across its 1 Hotels, Baccarat Hotels, and Treehouse Hotels brands. The biophilic, sustainably minded 1 Hotels […]
Finance and Development, Trends
February 6, 2024
Via: Hotel News ResourceIn a world where the hospitality industry is more competitive than ever, businesses always look for new ways to stand out and create unforgettable customer experiences. With the rise in popularity of the gaming industry, more hospitality businesses have found […]
February 6, 2024
Via: Hospitality DesignHyatt Hotels Corporation (NYSE: H) announced the opening of Ronil Goa, part of the JdV by Hyatt brand, in the holiday state of Goa, India. This marks the entry of the JdV by Hyatt brand in Southwest Asia. Located on […]
Finance and Development, Trends
February 5, 2024
Via: Hotel News ResourceImprovement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. 2023 per-available-room metrics (% change from 2022) GOPPAR: US$75.83 (+8.2%) TRevPAR: US$211.49 […]
February 5, 2024
Via: Hotel News ResourceA survey conducted by WYSE Travel Confederation among 57,000 travelers under the age of 30, revealed that 47% of this demographic book their accommodation on OTAs! It’s a figure that’s prompting more and more hoteliers to take an interest in […]
February 2, 2024
Via: Hospitality DesignRestaurant menus return with more personality, the Super Bowl temporarily drives up Las Vegas hotel rates, and the wellness industry meets the demands of two polarizing markets. All that and more in this week’s Five on Friday. Restaurant menus make […]
Finance and Development, Financial
February 2, 2024
Via: Hotel News ResourceCanadian hotel investment activity totalled approximately $320 million in the fourth quarter, pushing the year-end total to over $1.65 billion based on Colliers Hotels’ preliminary sales data. Investment activity remained resilient year-over-year with established and new entrants to the sector […]
February 2, 2024
Via: Hotel News ResourceDorchester Collection’s new opening, The Lana, Dubai, has welcomed its first dining and overnight guests. An architectural statement designed by Foster + Partners, the hotel offers 225 rooms and suites and eight new dining concepts; including four that have been […]
February 1, 2024
Via: Hotel News ResourceThe Ritz-Carlton Dallas, Las Colinas, opened its doors on January 23rd, becoming the newest addition to The Ritz-Carlton’s collection of over 110 hotels and resorts worldwide. The property has a 38-year-old legacy in the Dallas area and is undergoing a […]
February 1, 2024
Via: Hotel News ResourceThe hotel, formerly known as Madrid Atocha Affiliated by Meliá and located in the heart of Madrid, has undergone a complete renovation and will reopen under the Meliá Collection brand, in response to the increasing demand for luxury accommodations in […]
Finance and Development, Trends
January 31, 2024
Via: Hospitality DesignHotel design impacts every aspect of a traveler’s experience. To get a sense of where hotel design is headed this year, we asked a handful of veteran designers to share what they predict we’ll be seeing in 2024. “Luxury hotels […]
January 31, 2024
Via: Hotel News ResourceWhitbread PLC, the UK’s largest hotel business and owner of Premier Inn, has opened the doors to the most westerly hotel at Cork City, Ireland. The 187-bedroom hotel is the first Premier Inn to open outside of Dublin and represents […]
January 30, 2024
Via: Hotel News ResourceThe ibis Budget Windsor and adjoining development land have been listed for sale amid strong demand for accommodation investment opportunities in the 2032 Olympics host city. CBRE Hotels’ Wayne Bunz and Hayley Manvell have been exclusively appointed to steer the […]
Finance and Development, Real Estate
January 30, 2024
Via: Hotel News ResourceIndian Hotels Company (IHCL) announced the signing of a third hotel in Ayodhya, Uttar Pradesh. The brownfield project will be branded as an IHCL SeleQtions hotel. Commenting on the signing, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL […]