Hotels remain bright spot as Germany craves stability
The collapse of Germany’s government the day after Donald Trump was elected US president was an unexpected footnote to a week of political upheaval.
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Hong Kong politician Bunny Chan swoops down on Tin Hau’s Whitfield Hotel at 30% discount
Bunny Chan, who is a deputy to the National People’s Congress, and Paggy Chan, are the new owners of Twenty One Whitfield.
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APEC hotel openings and pipelines hit new highs in 2024
As the region continues its upward trajectory, India, Vietnam, and Indonesia lead the way, setting the stage for further growth in the coming years.
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In the hotel industry, there are no mixed signals on mixed-use development
Live, work, play has become a credo for a growing real estate portfolio where residents can combine their homes, employment and diversions in one compact setting. Mixed-use developments that include hotels are not a new idea, but they do fit…
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Les Roches and ILUNION Hotels unveil the first Hotel Innovation Barometer, offering a comprehensive look at how over 40 international hotel companies of various sizes are leveraging innovation to boost competitiveness…
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With concerns swirling about the global economy, climate change, political instability, and health issues, wellness has emerged as a beacon guiding our travel plans. With worries swirling around the global economy, climate change, political…
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Desperately Seeking Value Creation 3.0
The business world is an eternal cycle of reinvention, where actors adapt to market conditions by establishing a new ecosystem that appears most relevant. Hospitality investors are no exception. Along the way, they’re integrating today’s new data…
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As far-reaching as the vision of Saudi Crown Prince Mohammed bin Salman is, the fruit of his efforts is becoming apparent. The kingdom aims to provide tourists and visitors with the royal treatment through a first-of-its-kind seven-star hotel…
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Core investors returning to Italian hotel market
Over the last couple of years value-add investors have dominated the Italian hotel market with buyers flocking to buy tired, run-down or unbranded hotels before invariably renovating and repositioning them upmarket…
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Turkey’s hotel scene ripe for international investment
The Tourism Investment Forum (TIF), organized by the Turkish Tourism Investors Association (TTYD), has become a key B2B platform for tourism investments in Türkiye. TIF 2024, themed "Destination Future Türkiye," will be held on November 26-27 at…
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Latin America’s hotel and tourism sector is gaining momentum
Lodging Econometrics’ latest report shows a thriving hospitality industry in Latin America, with 642 construction projects and 104,513 rooms underway as of Q3 2024.
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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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No doors, frosted glass: Why hotel bathrooms feel like peep shows
Los Angeles comedian Fahim Anwar was showering at an Austin hotel when he reached a boiling point. As water sprayed onto the floor, a shallow pool forming, he realized he could no longer stay silent about the partial door…
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Ascott Limited (Ascott), a leading lodging business unit under CapitaLand Investment (CLI), has entered a strategic 50:50 joint venture with Jin Jiang Hotels to drive the expansion of their respective apartment hotel brands in China. Announced at…
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In a digital-driven tourism landscape, young nobles are turning to short format storytelling, domestic travellers, and IPs such as music festivals to revitalise royal-owned heritage properties
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Beyond work: how hotels are redefining the office conversion
Hotels are breathing new life into underused office spaces, turning them into multifunctional hubs that revitalise city streets and provide fresh opportunities for community engagement, writes Dexter Moren…
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The Owner of This Luxe Palm Beach Hotel Wants to Sell—for $1 Million a Room
Hotels in the Palm Beach area are apparently a hot commodity. The Ben hotel, in West Palm Beach, Florida, may soon be sold for an impressive $1 million per room, Bloomberg reported recently.
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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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