Lodging company chiefs agree: India is the next big play
Hotel company CEOs are some of the most pollyannaish folk in business. The biggest cheerleaders of travel and hospitality have a duty to tell it like they think it is—even if it’s not. Leave the honesty to the hotel developers and lenders…
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What’s Happening at The Hotel Show, 4-6 June at Dubai
The Hotel Show 2024 is fast approaching, with the organizers announcing the participation of 28 countries.
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HotelTechReport, the leading online buying platform for hotel technology, has announced that it has surpassed 50,000 authentic product reviews. This milestone represents a significant achievement for the hotel software community, underscoring the…
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Strawberry's Hotel Portfolio expands in Finland with the addition of Helsinki's Former City Prison
It is a piece of Helsinki's history that now becomes part of hotel group Strawberry's portfolio in Finland. The well-known former city prison on Katajanokka, located by the sea right next to the Market Square and the center of Helsinki, will be the…
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120 Room Premier Inn Torquay Harbour Hotel Opens
Built on part of an underused car park, the new hotel complements existing hotel accommodation in Torquay and is set to bring long term benefits to the town centre, businesses, and the community.
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New hotel inspired by EuroDisney to be built in Kiryat Motzkin
Kiryat Motzkin is set to welcome its first hotel, adjacent to the zoo and theater in the city. The hotel will have 120 rooms with an investment of approximately €50 million, and it will be family-friendly, designed with inspiration from…
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Canelles Resort Development set to boost Saint Lucia's tourism sector
Les Khan, CEO of Caribbean Galaxy Limited, has provided insightful details about the eagerly anticipated Canelles Resort and Spa Development in Saint Lucia.
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High cost of borrowing contributes to 19% fall in European hotel transactions in 2023
High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022.
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Shangri-La pares losses; hotels, mall, and apartments generating billions
Hong Kong-based luxury hotels owner and operator Shangri-La Asia Ltd, which owns hotels in Colombo and Hambantota, and a mall and apartments on Galle Face, has reported a US$1.9 million loss for the year ended December 31, 2023…
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World’s Most Luxurious Hotel Brand Debuts a More Affordable Spinoff
Aman Resorts’ first Janu hotel in Tokyo’s luxe Azabudai Hills costs half as much as its upmarket sibling. Here’s an exclusive first look inside.
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Scandic Expands in Finland with New 144-Room Hotel in Oulu for 2025 Opening
Scandic has entered into a long-term agreement with the developer SRV to launch a new Scandic Go hotel featuring 144 rooms in Oulu, Finland. Slated to open in the latter half of 2025, this hotel will occupy a prime location in Oulu, the largest city…
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Hotel Transaction Downtrend: Interest Rates Played Major Role in Soft 2023 U.S. Market
The “higher-for-longer” interest rate environment had a chilling impact on the U.S…
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Raffles Trojena To Open in Saudi Arabia’s NEOM
The resort, slated to debut in 2027, will reimagine mountainside hospitality at 7,545 feet. Raffles Hotels & Resorts and NEOM have unveiled plans for a year-round mountain resort in Trojena, Saudi Arabia…
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Singapore firm makes first hotel purchase with £100m London site
Sun Venture, which already owns the mixed-use 1 New Oxford Street development, is expanding its property portfolio in the Capital. They acquired a 280-bed central London hotel for a reported £100 million, marking its first foray into hospitality…
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Ian McAuley Joins Meyer Jabara Hotels as Chief Investment Officer to Spearhead Growth
Meyer Jabara Hotels is delighted to announce the appointment of Ian McAuley as the Chief Investment Officer, a role specifically designed to bolster the company’s asset portfolio and enhance partnerships with capital investors…
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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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Tesla finds major hotel customer for charging in the USA
The US American hotel conglomerate Choice Hotels, which owns the Radisson, Cambria, Comfort, Country Inn & Suites, Quality Inn and other brands, has partnered with Tesla to install Tesla's Universal Wall Connector at its hotels…
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The Hunter Hotel Investment Conference ("HUNTER" or "Hunter Conference") is pleased to present Bob Hunter, Founder of Hunter Hotel Advisors and Hunter Conference, with the 2024 Hunter Conference Award for Excellence and Inspiration…
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