AI - From Buzz to Practical Implementations in Hospitality
There has been a lot of buzz and heated discussions about the role and impact of AI in the hospitality industry and travel in general.
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Members include Barceló Hotel Group, Iberostar Hotels & Resorts, Kempinski Hotels, Meliá Hotels International, Minor Hotels, Pestana Hotel Group, and Radisson Hotel Group.
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Wimmer Communities and Crescent Hotels & Resorts have expanded their decades-long partnership with the opening of a new dual-branded property, known as The Marriott Center located within the Poplar Creek Town Center in Brookfield, Wisconsin…
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European hotel properties ‘poised to lead surge in hospitality investment’
The European hotel sector is in for “an active year” in 2025, according to a report by a real estate adviser.
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Five-Star Hotels Aren’t Always Better than Four-Star Hotels. Here’s Why.
With luxury room rates on the rise, four-star hotels are finally having their moment.
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Growing synergies between hotels and casinos
Major hotel brands are establishing loyalty and distribution partnerships with casino operators. Jon Lucas, chief operating officer, Hard Rock International, explained: “Database in our world is king. It's so critical to our success and these…
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Hotel prices show uneven trends across regions in 2024
These trends underscore the importance of localised strategies to navigate a fluctuating market as the industry prepares for 2025.
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How the Global Business Class Has Transformed the Home
The rise of the global economy has led to the rise of the business class, whose ceaseless travels have empowered the hospitality industry’s growing influence. During the last several decades, hotel chains have been expanding and battling for a share…
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AccorInvest continues to pursue options to sell down its hotel assets, as it looks to reduce and refinance group debt.
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Asia-Pacific hotel investment growing in 2024
Asia-Pacific hotel investments will total US$12.2 billion for the full year 2024 as an influx of investment activity, a more favourable interest rate environment and generally supportive macro and microeconomic developments will positively impact…
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Egypt approves of LE 50B financing toward tourism sector to boost hotel room capacity
To bolster the tourism sector, the government recently gave the go-ahead to a new LE 50 billion initiative for building and operating new hotel rooms, including expansions of existing projects or converting closed buildings into hotel facilities…
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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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Olympic breakfast off the menu? Staff at IOC’s luxury Paris hotel go on strike
The International Olympic Committee was embarrassed on Thursday morning when workers from the luxury hotel occupied by its delegation at Paris 2024 went on strike, claiming they have not received a pay rise for seven years…
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James Bermingham of Virgin Hotels Collection on growth and synergies
Last year, Virgin Group combined its two hospitality businesses under a new parent brand, Virgin Hotels Collection. The consolidated portfolio comprises the Virgin Hotels brand and the company's ultraluxe Virgin Limited Edition properties. Hotels…
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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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The Top 10 Accounts Receivable Controls
“AR” as we commonly refer to the sub department of the accounting function is a mainstay in any larger group-based hotel. In these juggernauts the importance of efficiently collecting your money is mission critical. Not only do we take the chance…
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Two of S.F.’s biggest hotels reportedly lose $1 billion in value after owner exits
Two of San Francisco's biggest hotels, Hilton Union Square and Parc 55, have lost $1 billion in value as the city’s critical tourism sector continues a slow recovery, according to a new report.
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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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