Tag: investment

October 20, 2022

Given the recent huge technological shift when it comes to delivery, takeaway and dine-in, hospitality venues are under increasing pressure to meet higher customer expectations alongside demand for greater levels of convenience and choice. By investing in innovative POS technology, […]

October 20, 2022

The capital infusion will give RoboBurger the ability to better meet consumer demand. This vending machine-type offering can work in multiple settings, such as offices, universities, hospitals or transportation hubs, the company said in a press release. “Promethean believes that […]

October 5, 2022

Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, has officially opened the doors to its first resort hotel in Europe. Located in Mallorca, Kimpton Aysla Mallorca emulates a sanctuary of luxury and wellness and […]

September 8, 2022

Investing in technology is a great way to improve and increase the value of your hospitality business. Whether you are looking to boost internal operations or add to the guest experience, technology provides a versatile range of tools to help […]

September 7, 2022

Knight Frank, an independent global real estate consultant, and STR, a provider of benchmarking data and market insights for the hospitality industry, shared key insights into hotel investing ahead of the Future Hospitality Summit (FHS) to be held at Madinat […]

August 24, 2022

ConverseNow’s growth reflects intensifying restaurant demand for labor-saving solutions as the industry struggles to navigate an historic talent shortage. The company has recorded 12-fold revenue growth over the past year, and CEO Vinay Shukla said in a statement that corresponding […]

July 15, 2022

Resort & Spa, the latest family-friendly luxury offering from Mexican tourism pioneers, Royal Resorts®, has officially opened its doors. In celebration of the highly anticipated launch of the beachfront property located in the world-famous Cancun Hotel Zone, travelers can take […]

June 28, 2022

San Francisco – Duetto, the hospitality industry’s leading software as a service provider of revenue strategy solutions, has seen a rapid increase in hotels adopting its cloud-based technology solutions. Today, the company announced a record-breaking 83.8% increase in rooms signed […]

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 […]

October 25, 2021

NEW YORK – Certares Management LLC a leading investment specialist dedicated to the travel, tourism and hospitality sectors (together with its affiliates, “Certares”), in partnership with Highlands Investments LLC (“Highlands”) and Monomoy Property Ventures LLC (“MPV”), today announced the acquisition […]

October 22, 2021

Marriott International, Inc. today signed an agreement with Hesperia to introduce the Courtyard by Marriott brand to Perth, bringing the brand’s timeless, classic style to one of Western Australia’s fastest growing commercial and residential catchments. Located 13 kilometres south of […]