Tag: investment

December 22, 2021

American private investment firm Starwood Capital Group has entered an agreement to acquire the 420-room Iberostar Las Dalias, Costa Adeje in Tenerife in the Canary Islands, from Spanish tourism company and hotel group Iberostar Group, for a reported price of […]

December 8, 2021

The Baird/STR Hotel Stock Index fell 7.6% in November to a level of 5,099. Year to date through the first 11 months of 2021, the stock index was up 11.5%. “Hotel stock price volatility continued in November with both the […]

November 10, 2021

The hotel industry transactions environment came back with a vengeance during the third quarter after an extended gridlock induced by the COVID-19 pandemic and an associated bid-ask gap. A wave of deals were announced in conjunction with third quarter earnings, […]

November 5, 2021

U.S. hotel occupancy dropped to a 25-week low in the week ending Oct. 30, but comparisons to past years indicate that industry performance is not far off pre-pandemic levels. Weekly occupancy was 58.9%, down from 63.9% the previous week but […]

November 4, 2021

One benefit to being an independent hotel is the freedom to choose – in this case, the freedom to choose a content management system for your hotel website. With more than a handful of content management systems to pick from, […]

November 3, 2021

Successful hotel sales, marketing, and revenue management strategies have always required reliable market insights. With fundamental shifts in travel habits and buyer behavior, the need for comprehensive and current data is more crucial than ever. As markets progress into various […]

October 28, 2021

ndian Hotels Company (IHCL) today announced the signing of Gorbandh Palace in Jaisalmer. The hotel will be converted into an IHCL SeleQtions hotel post comprehensive renovations. This hotel is in partnership with Historic Resort Hotels (HRH). Commenting on the occasion, […]

October 28, 2021

Since 2004, IHG Academy has been offering people valuable work experience and life skills through hotel internships and placements globally, with more than 80,000 people positively impacted in the past eight years alone. To broaden its reach further, IHG Academy […]

October 28, 2021

Analysts at Lodging Econometrics reported that the top five markets with the largest total hotel construction pipelines in Q3 by projects are: Dallas with 147 hotels and 17,711 rooms Atlanta with 139 hotels and 18,659 rooms Los Angeles with 133 […]

October 27, 2021

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with The Red Sea Development Company for a 430-room Grand Hyatt hotel on Shaura Island, the hub of the Red Sea Project on […]