Tag: investment

July 8, 2021

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 […]

July 2, 2021

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 […]

June 30, 2021

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 […]

June 28, 2021

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 […]

June 22, 2021

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 […]

June 15, 2021

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 […]

June 9, 2021

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 […]

June 9, 2021

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 […]

June 8, 2021

In 2019, Thailand-headquartered Minor Hotels ranked as one of the 25 largest hotel companies in the world. It’s an achievement earned over many years of focus and being adept at navigating uncharted territories. And, this approach has served Minor well […]

May 28, 2021

Florida-based NDM Hospitality, innovators of the family travel and dining industries are slated for significant growth this year, expanding beyond Florida nationally and internationally. Known for recognizing changing consumer needs and creating new vacation concepts, in addition to bringing a […]

May 27, 2021

The Boca Raton Resort & Club has announced a new partnership with New York-based hospitality company Major Food Group, which will create a series of new F&B options as part of the resort’s $150 million transformation. The collaboration will kick […]

May 25, 2021

Virgin Hotels will continue its expansion throughout the U.S. with the launch of Virgin Hotels New Orleans this summer. Located in a new-build crafted by Mathes Brierre Architects and CallisonRTKL within the city’s Warehouse District, the forthcoming property features a […]

May 19, 2021

International multidisciplinary design practice the G.A Group has announced the launch of its latest office in New York. The new office, helmed by Johnathan Garrison, joins the firm’s roster of branches in London, Budapest, Kuala Lumpur, and Shanghai. A former […]

May 14, 2021

While 2020 may have been the strangest year for travel yet, it didn’t stop new hotels around the world from continuing to pop up and open their doors to travelers. Now that a sense of normalcy begins to return and […]

May 10, 2021

Marriott International has announced the launch of its newest boutique resort, Alaia Belize, Autograph Collection on Belize’s Ambergris Caye island. Spread across more than 20 acres and home to more than 1,000 feet of beachfront, the new eco-luxury development marks […]

May 10, 2021

As one of the world’s most coveted dining destinations, Noma has undoubtedly helped shape Copenhagen’s reputation as a culinary mecca, and 2020 was no exception for vibrant new arrivals. OEO Studio was behind two of those, including Hija de Sanchez […]

May 7, 2021

So much more than a room renovation announcement, this is a serendipitous story that begins in 1959, when the Hotel first opened its doors. When highly acclaimed Portuguese architecture studio OITOEMPONTO was entrusted in 2019 to breathe new life into […]

May 5, 2021

One of the best ways for hoteliers to engage guests is to offer them products and services that they’ll covet – and willingly pay for. That’s why upsells are vitally important, especially now as operators try to recover lost revenue. […]

May 4, 2021

Hard Rock Hotel & Casino Atlantic City announced today the resort will reinvest a minimum of $20 million in capital improvements including suite renovations, the opening of a new Starbucks, additional slots and table games, a new dining outlet and […]

April 22, 2021

After over a year of government restrictions in the United States (U.S.), vaccination rates have accelerated, and the nation is on the verge of a travel boom. According to the Centers of Disease Control and Prevention, as of April 12, […]