Frequent hotel fires in South Korea point to lack of sprinklers
Following Thursday’s hotel fire in Bucheon, Gyeonggi Province, which claimed seven lives and injured 12 people, concerns have been raised about the lack of fire safety measures in accommodations here.
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Turkey Tourism Industry Faces Surprising Slowdown in 2024
As the summer of 2024 unfolds along Turkey’s picturesque Mediterranean coastline, a striking change has emerged that has left many in the tourism industry concerned. Traditionally, the region’s beaches are packed with sun-seeking tourists, so…
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International hotel performance drops in China: Is business travel to blame?
Business demand accounts for approximately 60% of hotel stays, while leisure demand makes up the remaining 40%.
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The global hotel industry is experiencing a significant surge in development, with the United States and China at the forefront. According to Lodging Econometrics’ (LE) Q2 2024 Global Construction Pipeline Trend Report, the worldwide hotel…
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Silicon valley’s tech bros are having a difficult few weeks. A growing number of investors worry that artificial intelligence (ai) will not deliver the vast profits they seek. Since peaking last month the share prices of Western firms driving…
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Tattarang signals hospitality ambitions, weighs ESG costs
Last year, Fiveight, the property arm of Australian private equity group Tattarang, bought the Waldorf Astoria-branded hotel tower project in central Sydney from Lendlease and Mitsubishi Estate for a cool AUD$575 million. The under-construction…
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Hospitality Expert Heather McCrory Appointed Chair of Green Key Global Inaugural Board
Green Key Global, the sole sustainability certification tailored specifically for the hotel industry, has announced the appointment of its inaugural board of directors. Heather McCrory, a seasoned hospitality professional with 40 years of…
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Soft brands move into midscale
For the first 10 years of their existence, soft brands were largely an upper upscale and luxury phenomenon. But in recent years, several major hotel companies have been introducing soft brand collections in the midscale segment of the market. Due to…
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Why Recruiting Tech Talent in Hospitality Is a Challenging Task
As technology is becoming gradually more important in hospitality, the industry is facing a significant challenge: a shortage of skilled IT professionals capable of navigating the complexities of modern day technology. Developing IT talent has…
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Data Analytics of Yesteryear: What Is New Is Old
Many of us go on big trips to celebrate milestones in our lives – birthdays, weddings, anniversaries, graduations, retirements.
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Economic sense driving visionary hotel groups into service apartment business
Incidentally, many hotel groups have also entered serviced apartment business. Tariffs lower than hotels for comparable space is a major selling point, the USP, so to say
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How the hotel industry can speed up tech adoption
My technology journey has been just as much about what I don’t know as opposed to what I know. As the saying goes, there are things that we know that we know, things that we know that we don’t know, and things that we don’t know that we don’t…
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BlueRock Consulting launches the Luxury Hotel Benchmarking Report
BlueRock Consulting, a boutique management consulting firm launched the Luxury Hotel Benchmarking Report, providing financial performance metrics for the luxury hotel industry in the selected Mediterranean countries, based on participation and…
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2024 Hotel Distribution Study: Digital Trends in Accommodation: Hotels, Booking.com and DMA
Today, HOTREC released its 2024 Hotel Distribution Study(1) which examines recent developments and trends in the European accommodation sector, and uncovers the way consumers book hotel rooms. The main findings confirm the need for proper…
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Navigating Cyber Threats in Hospitality: Key Takeaways from HITEC 2024
During HITEC 2024, industry leaders discussed the vulnerabilities hotels face from social engineering, complacency in cybersecurity investment, and the dual-edged nature of AI, urging CTOs to adopt a proactive stance…
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UK Hotel investment totals £3bn in H1 as portfolio transactions drive activity
The return of portfolio transactions has bolstered UK hotel investment during the first six months of 2024 with investment totalling £3 billion, up from £990 million over the same period in 2023 and far beyond last year’s full year total (£2…
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Demand for serviced apartments weakens as hotels muscle in, says GSAIR report
The serviced apartment sector has lost traction among corporate travel programmes as hotels stake their claim in the extended-stay market, according to the Global Serviced Apartment Industry Report (GSAIR) 2024, released today by Ariosi Group, part…
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Cvent announces AI-powered offerings for hoteliers
Cvent unveiled new AI-powered solutions within the Cvent Supplier Network (CSN), including a natural language search feature.
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