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Tag: investment


Finance and Development, Trends

A Hotel Owner’s Guide to Building Maintenance

July 19, 2021

Via: Hospitality Net

Hotel asset value is determined using multiple calculations, math problems, and sometimes magic tricks, but there are three critically important aspects of the physical plant that can make or break a hotel investment. As an owner or asset manager, keep […]


Hotels

Tru by Hilton Marks Milestone Growth With 200th Hotel

July 13, 2021

Via: Hotel News Resource

Tru by Hilton is marking its five-year anniversary with the opening of its milestone hotel. This feat represents the tremendous growth the brand has experienced since its record-breaking launch in 2016, adding nearly 100 hotels to its portfolio since the […]


Finance and Development, Financial

U.S. Hotel Stocks Dropped 3.0% in June

July 8, 2021

Via: Hotel News Resource

The Baird/STR Hotel Stock Index dropped 3.0% in June to a level of 4,993. Year to date through the first six months of 2021, the stock index was up 9.2%. “Hotel stocks declined again in June and continued their relative […]


Technology

The real cost of investing in hotel Wi-Fi

July 2, 2021

Via: Hotel Management

Telecoms firms and internet service providers are not the most flexible or transparent organizations to deal with. Many of us know this from personal experience, but for hotel owners and operators, the pandemic drove the point home further. While lockdowns […]


Technology

Hoteliers Excited About Improved Guest Satisfaction with Maestro’s New GuestXMS Mobile Engagement & Feedback Tool

June 30, 2021

Via: Hotel News Resource

Independent hoteliers operating on Maestro PMS are thrilled to be able to add a new two-way real-time guest engagement module designed to drive guest satisfaction and improve operational efficiencies. Introduced as GuestXMS, and tightly integrated into Maestro, the tool is […]


Technology

Providing an omnichannel payment solution to strengthen the post-pandemic hospitality industry

June 28, 2021

Via: The World of Hospitality

The hospitality and travel industry suffered considerably from the COVID-19 pandemic and with only 55% occupancy rates for UK hotels, PwC reported the ‘bleakest outlook since benchmarking began’. Of course, as the vaccination roll-out continues, the demand for travel will […]


News

Worldline Partners with Cendyn to Enhance Online Payment Capabilities in the Hospitality Industry

June 22, 2021

Via: Hotel News Resource

Worldline [Euronext: WLN], the European market leader in payment and transactional services, today announced its collaboration with Cendyn, a leading innovator in CRM, sales, and revenue strategy in the hospitality industry. Thanks to this partnership, hotels can now include secure […]


Finance and Development, Trends

Revenge Travel Is Trending, but the Destination Price Tag Determines Where 87% of Consumers Go

June 15, 2021

Via: Hotel News Resource

After a year stuck at home, the majority of U.S. consumers, 70%, say they want to start traveling again, with more than 50% planning one to two vacations in the next six months, according to Discover’s annual travel survey. Following […]


Finance and Development, Trends

Strategy Before Tactics: A Lesson For Hoteliers

June 9, 2021

Via: Hospitality Net

We must be more strategic! You’re not strategic enough! Get out of the tactics and think strategically! Sound familiar? Let’s take a minute and ground ourselves first. Strategy = a plan of action or policy designed to achieve a major […]


Hotels

IHCL Announces The Signing Of A 775-Room Hotel At Bengaluru Airport

June 9, 2021

Via: Hospitality Net

Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced the signing of an agreement with Bengaluru Airport City Limited (BACL) for a 775-room hotel at Kempegowda International Airport, Bengaluru (BLR Airport). The hotel will be a combination of a […]