10 highest-earning hospitality companies in the world
From Marriott to Hilton and MGM Resorts, we present the most profitable hospitality brands in the world in 2024
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How to overcome revenue managers’ aversion to the direct online channel?
Recently, a revenue manager reacted to my LinkedIn post about independent hoteliers’ overdependence on the OTAs by stating Even with the best intentions, money and talent, there's no way independents can beat the big OTA's in search and make money…
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The current pace of hotel conversions “has started to pick up” with owners, developers and investors now looking at this path vis-à-vis PIPs, according to Michael Cummings, senior vice president and divisional leader within the CBRE Hotels Advisory…
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LVMH Stake Helps Boutique Hotel Group Triple Its Growth Outlook
LVMH has acquired a stake in the small hotel brand Fontenille Collection. Over coffee at the Ned in New York, co-founder Frédéric Biousse shares the story behind the deal every indie hotelier wants.
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5 big trends for hospitality real estate
Another IHIF EMEA approaches, and it’s in a period where the global economy continues to grapple with uncertainty. And as the landscape evolves around economic shifts, technological advancements and changing demographics and behaviours, it has…
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Thai hotel chain plans US expansion to cash in on White Lotus craze
Minor International, whose hotels in Thailand feature in the hit HBO series The White Lotus, plans to expand into the United States to cash in on the newfound global fame that has seen room bookings skyrocket since the show began airing in February…
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Spain chaos as squatters take over 100 rooms in another hotel ahead of holiday season
Squatters have taken over another hotel in Spain, after last month it was reported that squatters had taken apartments at a popular resort in Majorca — and locals are becoming increasingly concerned
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Living in a hotel – the rise of branded residences
Changing lifestyles, global migration patterns – and plenty of wealthy people – are fuelling the demand for standalone properties built and managed by luxury hotels and consumer brands
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Aimbridge Announces New Board of Managers with Significant Hospitality Experience
Aimbridge Hospitality, a leading, global hotel management company and the world's largest third-party hotel operator, today announced the appointment of a refreshed, expanded Board of Managers that brings deep experience in hospitality and further…
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Philippines’ Ayala Land To Spend $500 Million To Expand Hotel Footprint Amid Tourism Boom
Ayala Land—controlled by billionaire Jaime Zobel de Ayala and his family’s Ayala Corp., the Philippines’ oldest conglomerate—will spend $500 million to almost double its hotel rooms by 2030 to ride the tourism boom…
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Hospitality maintains investment case amid bond yield volatility
The prospect of interest rate cuts around the globe has cheered real estate and bond investors in equal measure. While hospitality investors see lower capital costs supporting further investment activity and asset values, for bond backers, fixed…
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In the Paris Olympics’ afterglow, Europe’s hotel pipeline stays the course
The latest figures from Lodging Econometrics’ Q4 2024 analysis indicate Europe’s hotel construction pipeline encompasses 1,661 projects totaling 244,464 rooms. Though this represents a slight year-over-year cooling, these figures reflect sustained…
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Record-Breaking $180m Sale: InterContinental Auckland Acquired by Singapore’s HPL
Singapore’s Hotel Properties Ltd has acquired the InterContinental Auckland Hotel from Precinct Properties for what is believed to be the largest ever hotel sale in New Zealand, of $180 million.
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China’s hotel market enters a zero-sum game amid brand reshuffling
More than 1,000 midscale and above hotels shut down in a year.
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Is This the Future of Luxury Hotels? This Hotel CEO Weighs In
The luxury hotel industry is changing fast. The Langham Hospitality Group CEO Bob van den Oord discusses how his brand is adapting—and what the future holds for high-end travel.
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Dalata Hotel Group may be for sale as Irish hotels firm launches strategic review
Dalata Hotel Group PLC (LSE:DAL), parent to the Clayton and Maldron brands, has begun a strategic review to explore capital opportunities and enhance shareholder value…
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Sweet Smell of Success: How scent marketing captures not only hotel guests’ noses, but hearts
Savoring a simple piece of madeleine cake in a cup of tea can evoke memories so intense and complex that novelist Marcel Proust thought to make it part of a book. Proust, besides being a famous novelist, was a pioneer in exploring the concept of…
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So long, Selina; hello Socialtel
Collective Hospitality is reimagining the ‘digital nomad’ brand it bought out of insolvency with a new name, a smaller footprint and a goal to partner with a big brand.
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