Oyo Launches Premium Vacation Rental Homes in UK
While Oyo's global expansion plans had been on pause mode during Covid, the hospitality company now seems to be diversifying its geographic footprint.
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Howdy, partner! Lodging companies to management companies choose partnership over M&A
Sometimes, it’s better to rent or lease than to straight out buy. In homes and cars, yes—what about in the hotel business?
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Hilton names Kevin Osterhaus, president, global lifestyle brands
With nearly 350 existing lifestyle hotels and another 350 expected to join the portfolio by 2028, Hilton is set to double its presence in the fast-growing lifestyle category in the next four years.
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Occupancy vs ADR, the Never Ending Discussion in Revenue Management
Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy?
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Rising hotel rates take their toll on international business trips
The number of international business trips has declined in 2024 with domestic travel now making up a larger proportion of total bookings, according to data from accommodation technology specialist HotelHub…
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sbe, Wyndham sign first deals for new brand
Project HQ Hotels & Residences, the “smart lifestyle” hospitality brand announced in January from sbe through an alliance with Wyndham Hotels & Resorts, has finalized a series of deals and strategic partnerships…
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It’s 2024: When will women in hospitality features become unneeded?
HOTELS: It’s 2024, when will “Women in Hospitality” features cease being written because the industry has reached a point where sex doesn’t matter?
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FROM SECURITY TO CLOUD, 4 TECH INSIGHTS FROM HOSPITALITY EXECS
Where should the hospitality industry be putting its technology investment? Cloud computing? Artificial intelligence? Sunsetting legacy technology? What are the priorities and is it spending enough?
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Hotel development is a complex undertaking. It requires little of the skills to operate and monetize the asset. Owners and architects are often ill-equipped to measure up the requirements for running a successful hotel a few years down the…
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Minor Hotels, an international hotel owner, operator and investor with more than 540 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, is pleased to announce the signing of a strategic…
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Rob Smith named Stonebridge president/CEO
Stonebridge Companies LLC, a Denver-based privately-owned hotel management company, has appointed Rob Smith as president/CEO. He will join the company in July and succeed Navin Dimond, who founded Stonebridge in 1991 and will be elevated to the role…
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ITC’s hotel business demerger receives CCI approval
The new arrangement will allow ITC to retain a 40% stake in ITC Hotels, with the remaining 60% to be owned by ITC shareholders.
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Hotel Lotte plans asset light expansion route
Following a boom year for profits in its hotel and resorts division, South Korea's Hotel Lotte has committed to increase its rate of expansion for the business both in its home market, and in adjacent markets such as Vietnam…
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Hotel Industry Leader Jim Petrus Launches Petrus Hospitality Advisors
A New Consultancy Providing Asset Management And Strategic Guidance For Developers, Owners And Operators
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International tourism reached 97% of pre-pandemic levels in the first quarter of 2024
International tourist arrivals reached 97% of pre-pandemic levels in the first quarter of 2024. According to UN Tourism, more than 285 million tourists travelled internationally in January-March, about 20% more than the first quarter of 2023…
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Radisson Academy, Radisson Hotel Group’s leading Learning and Development hub, marks its fifth anniversary as it continues to innovate and strives to be the best ‘Academy’ to upskill talent joining the industry. Since it’s inception in 2019…
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How has the Euro Cup Affected Hotel Demand in Munich?
Germany is hosting the Euro Cup 2024, presenting an exceptional opportunity for travel businesses. This prestigious tournament will draw football enthusiasts from across the globe to ten dynamic cities, including Berlin, Munich, and Frankfurt…
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How to Determine a Hotel’s Feasibility and Land Value in 60 Seconds
Several times a month, I get a call that usually goes like this: “Hi Steve, Hope you are doing well. I have a “golden” opportunity to purchase this amazing hotel site in an incredible hotel market. It's being offered for $10 Million- should I buy…
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