New Hard Rock Hotel to open in Portugal’s Algarve
Hard Rock International and Mercan Properties are partnering on the development of Hard Rock Hotel Algarve near Praia do Vau in Portimão.
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LOWER-THAN-EXPECTED summer demand will affect U.S. hotel performance, resulting in a second quarter RevPAR shortfall, according to CBRE…
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Hotel RFPs: The negotiating outlook for 2024 rates
Credible data and only moderate rate increases put a new spin on rate negotiations - As travel buyers make the traditional late-summer start to their annual hotel negotiations (a process still undertaken by 84 per cent of travel managers, according…
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European hotel prices continue rising this summer
Global hotel prices have continued to accelerate this summer led by higher rates in Europe, according to the latest data from hotel analyst STR…
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In Cushman & Wakefield’s latest Hotel Operator Beat survey, Budapest was placed as the most attractive market in CEE, reaching 4.3 points on a 1–5 scale where 5 means very high interest…
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Turn Weak Hotels Into Multifamily Properties
The idea of converting offices to multifamily has attracted a lot of interest, given falling valuations, uncomfortably high vacancy rates, the ongoing popularity of hybrid office use, and the uncertainty of the future…
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Is Jason Grosfeld’s Costa Palmas Resort the New Madoff Scheme?
The East Cape of Los Cabo, Mexico has become a hotbed of luxury developments, including Costa Palmas, a high-end resort owned and operated by Los Angeles real estate firm Irongate…
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The booming industry recovery has touched chains and independent hotels alike, but the role of supply growth in that recovery has varied across the two segments.
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There’s one thing a hotel website can never tell you about a property - OPINION
In a very clever recent brand campaign, Small Luxury Hotels (SLH) identified six types of travellers and teamed them with hotel experts to find the hotels that best suited their personalities.
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Park Hotels to raise ₹1,050 cr in 2nd biggest hotel IPO
This IPO is poised to be the second largest in the hotels & resorts sector after Chalet Hotels’ ₹1,641 crore offering in February 2019.
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A focus on the margins: US hotel performance in the first half of 2023
Both the luxury and midscale and economy segments exhibited the greatest year-on-year margin declines.
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Global Hotels Industry Expanding its Sports Sponsorship in 2023, with Soccer Dominating Deals
The global hotels industry is increasingly investing in sports sponsorship, with a total spend of $1.27 billion and an annual spend of $415.4 million…
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USA Today Names Beaufort Hotel "Best Boutique Hotel" in America for Second Consecutive Year
BEAUFORT, N.C., Aug. 22, 2023 /PRNewswire/ -- The Beaufort Hotel has landed top honors with USA Today's 10Best Readers' Choice Awards as "Best Boutique Hotel" in America. It's the second year in a row the hotel has won the coveted award…
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PENINSULA ISTANBUL WINS “BEST NEW HOTEL” 2023 BY VIRTUOSO PROS
The Peninsula Istanbul Hotel has received the esteemed “Best New Hotel” award for 2023 from VIRTUOSO® – the world’s most prominent network of agencies focused on luxury and experiential travel…
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Vietnam’s visitor push, backed up by 140-hotel pipeline
Vietnam’s government is striving to attract more international visitors for lengthier stays, in the wake of at least 140 high end hotels poised to boost the country’s portfolio.
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$350 a night for a hostel? Why the cost of accommodation is skyrocketing
The easing of pandemic-induced lockdowns has led to a huge spike in demand for hotel rooms as travellers rekindle their travel plans and seek out the experiences they’ve been missing.
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5 Challenges cluster revenue managers face and how to overcome them
You’ve probably noticed it, too – the increased trend towards clustering revenue management positions. Done right, it can help you manage costs, increase efficiency and boost revenue.
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Podcast - How Hoteliers Are Rethinking the Revenue Metric Dilemma
In this episode the second of a mini-series on revenue management and pricing strategies, we speak with Radisson, Preferred Hotels and IDeaS RMS about the hotel performance metrics and how they are changing…
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