How to find a balance between raising prices and lowering food costs
Ray Villaman, CEO/owner of the Tahoe Restaurant Group, said operators should classify all of their menu items to adjust prices accurately.
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6 characteristics of a successful adaptive reuse conversion
While there is no magic formula or linear one-size-fits-all approach to the adaptive reuse of commercial buildings for housing, the Ankrom Moisan team has come up with a unique framework: “The Rule of Six.”…
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KSA unleashes massive hospitality expansion – and a wealth of investment opportunities
The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of US$37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to…
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Arabia Hotels initiates Fairmont Hotel construction at Sun Capital
Arabia Hotels, an affiliate of Arabia Holding, has declared the start of the Fairmont Hotel’s construction within the expansive Sun Capital development situated in Cairo’s western region.
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UAE-headquarteredGlobal Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands, celebrated its 20th anniversary this week in Berlin at the International Hospitality Investment Forum (IHIF), where the then start-up was first…
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Unpacking the Shift in Restaurant Tech Spending
Industry experts weigh in on why they think restaurant IT budgets are increasing and how that tech spend will affect the industry.
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Guesty, a leading software platform for property management in the short-term rental (STR) and hospitality sector, has announced a Series F funding round of $130 million. The round was spearheaded by KKR, a global investment firm, with Inovia…
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Choice Hotels Promotes Judd Wadholm to Senior Vice President and General Manager, Core Brands
Choice Hotels International, one of the world's largest lodging franchisors, announced today that it has promoted Judd Wadholm to Senior Vice President and General Manager, Core Brands. A nearly 17-year veteran of Choice Hotels International and…
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Global chains are driving a boom in Africa’s hotels
The world’s largest hotel chains, including multiple American majors, are behind the rising number of newly planned hotel and resort projects in Africa.
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Increased investor interest spur property deals particularly for hotels
KUALA LUMPUR: Increased investor interest is leading to an increase in property deals, particularly for assets such as hotels in the hospitality industry.
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Metaverse mapping: Blockchain’s role in building virtual hotel realities
The blockchain industry is experiencing exponential growth, with a compound annual growth rate (CAGR) of 56.3%, poised to reach an impressive $163.83 billion by 2029.
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AI-powered tablets can enable housekeepers to fill service requests, update room status, pinpoint their location in an emergency and more via voice command in multiple languages.
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Serbia’s government has taken to subsidising the construction of new hotels
Three companies frequently favoured by the state have received most of the money allocated by the government as subsidies for the construction of new hotels to meet growing tourism demand.
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7 trends the hospitality industry should be talking about today and tomorrow
It’s been a choppy ride for the hospitality industry from the onset of the COVID-19 pandemic to the present. While most markets have regained a positive footing, there are several key changes.
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Hotel acquisitions demystified: Essential industry insights
In the world of real estate, hotel acquisitions stand apart, blending the intricacies of property deals with the dynamics of the hospitality industry. Here, we shine a light on the specialized factors that differentiate hotel acquisitions…
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IHG PROJECTS $1 BILLION SHAREHOLDER RETURN FOLLOWING STRONG 2023
It aims to grow luxury without neglecting mid-scale business - IHG HOTELS & RESORTS reported a 23 percent increase in profit from reportable segments in 2023, surpassing the $1 billion milestone for the first time…
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The rising cost of doing business is the most serious challenge facing hotels this year, according to new research from the Irish Hotels Federation (IHF)…
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Eco Hotels and Resorts eyes over 2,000 rooms under its ops by March 2025
Eco Hotels and Resorts is targeting more than 2,000 hotel rooms under its operations by March 2025. Earlier this month, the company inked an initial pact with Vitizen Hotels Ltd (VHL) to acquire a 100 per cent stake of VITS in the VHL…
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