ASIA, TOTAL EXTENDED-STAY HOTELS ACHIEVED FOURTH QUARTER MILESTONES IN 2023
TOTAL EXTENDED-STAY HOTELS achieved new fourth-quarter milestones in 2023, setting records in supply, demand, ADR, RevPAR, and room revenues, according to The Highland Group…
read more
Budgeting for Technology Upgrades in Hotels
Imagine walking into a hotel where check-in happens seamlessly through a mobile app, the room preferences are customized to your liking even before you step in, and the concierge services are just a voice command away…
read more
Artificial Intelligence in hotel marketing: use cases and perspectives
Within the framework of FITUR, the international tourism fair that took place recently in Madrid, a round table discussion entitled “Artificial Intelligence in hotel marketing: real use cases” was co-organised by BEONx and Hotelverse…
read more
Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio
Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group…
read more
Libyan Investment Authority launches hostile takeover of South Africa’s Legacy Hotels
The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
read more
HFTP Announces Inaugural Technology Investment Conference: HITEC-IC, Co-located with HITEC 2024
Hospitality Financial and Technology Professionals (HFTP) announced the HITEC Investment Conference (HITEC-IC), a new event designed to connect hospitality technology company executives with the investment community…
read more
Fighting black PR - Real story from Maestro Hotel Management
Maestro Hotel Management, a management company specializing in the management of premium hotel complexes, has recently faced a challenge familiar to many businesses - black PR…
read more
Expedia Plunges on CEO Departure - Stock slid 15% on the departure of CEO Peter Kern
Expedia Group CEO Peter Kern is taking a vacation, but will the rest of us be able to afford one? Kern will stay until May 1 and expressed confidence in his successor, Ariane Gorin…
read more
MCR Refinances 16 Hotels for $333 Million
NEW YORK, February 08, 2024--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds…
read more
Downtown Sarasota's Hotel Indigo rebranded by IHG Hotels & Resorts
Sarasota's Hotel Indigo — a 95-room hotel that opened in 2006 — has been rebranded to voco Sarasota. The branding change occurred late last year without major fanfare or corporate announcement…
read more
Five New England ski resort employees fired after giving Nazi salutes
The employees allegedly photographed themselves in swastika armbands at a costume party. A Vermont ski resort fired five of its employees this week after they posted an image on Instagram showing Nazi symbolism…
read more
Airline starts weighing passengers at the gate
We all know what it’s like to have our baggage weighed at an airport check-in…
read more
IHCL’s Expansion Milestone: 300 hotels portfolio within reach, says MD and CEO Puneet Chhatwal
Through accelerated portfolio expansion, Indian Hotels Company (IHCL) will reach the target of 300 hotels in its portfolio in the next three to four months, IHCL MD and CEO Puneet Chhatwal told ET.
read more
HOTELS IHG Hotels & Resorts re-enters Swedish market with the signing of voco Stockholm Kista
IHG Hotels & Resorts has entered into a franchise agreement with Mogotel and development partner Revelop, to mark IHG’s re-entry into Sweden with voco Stockholm Kista…
read more
Bob W expands in the Nordics with two more properties in Finland
Tech-led serviced apartment brand Bob W has announced two more properties in Finland, as it continues to strengthen its foothold in Europe…
read more
Inside The Mind Of Hospitality Impresario Sharan Pasricha
As founder and co-CEO of Ennismore, Pasricha turned a small, indie hotel brand into a global hospitality conglomerate now valued at more than $2 billion. Here, he explains his business strategy and management style in a candid, in-depth interview…
read more
The Ritz-Carlton, Baku Introduces Chef Jorge Colazo
Baku, Azerbaijan, The Ritz-Carlton, Baku is pleased to announce that Jorge Colazo has taken over the position of Executive Chef. A Master of Culinary Arts, Jorge is excited to bring his unique flavor profile to the city of Baku…
read more
Two-thirds of hotels report staff shortages despite record wages
More than two-thirds of U.S. hotels have experienced staff shortages in 2024 despite raising wages to an all-time high since the COVID-19 pandemic, an industry survey shows…
read more