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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How renovations can position hotels to capture more event revenue
Demand for in-person events is on the rise. Hotel owners can seize upon the opportunity with thoughtful revamps that appeal to guests and event planners alike.
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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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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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Choice’s pipeline more valuable than what it’s replacing
While Choice Hotels International’s third-quarter earnings had a lot of positive news, with record quarterly revenue and improving full-year RevPAR guidance, President and CEO Patrick Pacious can’t help but look ahead to an even more optimistic…
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How Marriott Adds Boutiques With its Design Hotels’ Brand
Design Hotels is a Marriott brand that isn't quite a Marriott brand. It's more like an exclusive hotel club where 60% of owners have never run a boutique before. New boss Stijn Oyen is fine-tuning its strategy…
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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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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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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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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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Green certifications for hotels: what hoteliers need to know
Whether it’s LEED, BREEAM or Green Key, green certifications are no longer just a way to stand out: they have become necessary for hoteliers who wish to remain competitive while raising environmental concerns…
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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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Global hotel rate increases to ‘moderate’ in 2025 – Amex GBT
Hotel prices in key business travel cities are set to increase again in 2025 but at a slower rate than seen in previous years, according to the latest Hotel Monitor report from American Express Global Business Travel…
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Leadership Change at the Helm of Peninsula Hotels
In the span of a few months, the Chief Operating Officer, Peter Borer, and the Chief Executive Officer, Clement Kwok, will retire, passing their respective batons to Gareth Roberts and Benjamin Vuchot…
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S.Korea’s premium kimchi war escalated by luxury hotels
The country’s luxury hotel and casino operator Paradise has jumped into the premium kimchi retail business.
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