New Hotel Accounting Metrics Designed To Benchmark Sustainability Efforts
Energy, Water and Waste a Focus of 12th Edition of Uniform System of Accounts for the Lodging Industry
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5 reasons why to start a business is during a recession
Despite the setbacks of the pandemic, 2021 actually looks brighter regarding economic projections and business possibilities…
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Travel advisor sales are in hyperdrive for Disney's Galactic Starcruiser
The Force is strong with travel advisors when it comes to selling Disney's new Star Wars-themed hotel, Star Wars: Galactic Starcruiser.
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Meet Yahya Jan, the architect building the world's tallest hotel, Dubai's Ciel Tower
If you look out onto the Dubai skyline, you're likely to be admiring the work of Yahya Jan…
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This $1.5 Billion Deal Signals a Major Hotel Brand Trend
Wyndham’s move to terminate its management contracts with an acquired CorePoint has significant implications around where major companies want to focus their resources in a post-pandemic hotel environment…
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SELFBOOK RAISES $25M IN QUEST TO REINVENT HOTEL PAYMENTS
New York-based Selfbook, a hotel payment software startup, has raised $25 million in Series A funding at a valuation of $125 million.
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Sustainability in hospitality: Putting construction issues first
Hospitality firms are increasingly keen to jump on the sustainability bandwagon. However, too often they get lost in the complexity of the subject and limit their engagement to unimaginative solutions such as towel reuse in bathrooms…
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Cascade Investment affiliate to acquire controlling stake in Four Seasons for $2.21B
An affiliate of Cascade Investment LLC, a longstanding shareholder, has entered into a definitive agreement to acquire a controlling interest in Four Seasons Hotels and Resorts.
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Lodging Econometrics: Global Hotel Construction Pipeline Slightly Decreases
Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
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Global pipeline projects in early planning stage rise
Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
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Microsoft Pumps $5 Million Into India’s Oyo Ahead of Its Planned Public Listing
Microsoft Corp has invested $5 million in SoftBank-backed Oyo, according to a regulatory filing, ahead of the Indian hotel chain’s plan to go public.
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The Porsche dynasty is taking on Jeff Bezos and Elon Musk in space
Porsche SE, the family holding company that controls Volkswagen Group, is the latest big investor to bet on space's crucial role in developing future technologies.
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Horwath HTL launches new practice in the UK
Horwath HTL, the world’s largest and most experienced hospitality consulting brand, announced the opening of a new practice in the United Kingdom headed by industry veteran Malcolm Kerr…
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LVMH Plans to Build an Ultra-Premium Hotel on Rodeo Drive
Just when you thought Rodeo Drive couldn’t possibly get any more luxe, LVMH is like, “Hold my martini.” The luxury conglomerate is planning to open an ultra-premium hotel on the famed thoroughfare to outshine all competition…
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Investment group launches appeal after Min development plans rejected
An investment group based out of Singapore has lodged an appeal after its plans to turn a Bath hospital into a luxury hotel were refused…
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Sonesta launches global hotel franchising organization, adds Quinn
Sonesta International Hotels Corporation has launched its renewed global hotel franchising organization…
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Richard Branson plots new Virgin Hotel for Glasgow in 2022
Sir Richard Branson’s Virgin Hotels is to open a new property in Glasgow in 2022. The new site will be situated at 236-246 Clyde Street and be the brand’s second hotel in Scotland.
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AWC and Hyatt to develop hotels in Thailand
Affliliates of Asset World Corporation (AWC), an integrated lifestyle real estate group in Thailand, and Hyatt Hotels Corporation have signed a framework agreement for the development and management of new hotels under various Hyatt brands in…
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