Accent Group set to open Four Points by Sheraton Budapest Danube on the bank of the Danube River
Accent Hotel Management will open Budapest's first Four Points by Sheraton hotel on the bank of the Danube, representing one of Marriott International’s 30 extraordinary brands…
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Middle East Registers Record-High Hotel Openings in 4th Quarter
The sheer number of hotel openings in the region indicates that the Middle East is making sure that it has enough capacity to accommodate the growing number of tourists.
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Japan to lure hotel operators to open luxury inns in national parks
Japan will launch a project to encourage global hotel operators to open luxury properties in national parks as early as in 2024, Nikkei has learned, as part of plans to bring in more tourists post-COVID…
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Growing Importance of Wellness in the Hospitality Real Estate Sector
Latest Trends in Wellness Real Estate Sector - Only a few years ago, wellness real estate sector was only an emerging industry, not well understood by the stakeholders, from consumers to developers and investors…
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First-time Buyers Account for 16% of Global Hotel Investment Volume in 2022 According to JLL
As the world continues to find a new normal post-COVID, consumers have placed heightened importance on travel and experiences, which has accelerated lodging demand, and resulted in RevPAR reaching or exceeding 2019 levels in some markets…
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Hyatt Reports Record Hotel Pipeline of Approximately 117,000 Rooms Worldwide As of Year-end 2022
Hyatt Hotels Corporation shared today that Hyatt is positioned for continued transformative growth in 2023 and beyond with a record pipeline of approximately 117,000 rooms worldwide as of year-end 2022…
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Why hotel investors are opting for upgrades over new builds
Hotel investors are moving away from new developments in light of expensive construction loans and skyrocketing costs for materials and labor.
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Saudi Arabia unveils master plan for Rua Al Madinah project
Saudi Arabia has unveiled the master plan for its Rua Al Madinah Project which will be constructed in the area east of the Prophet’s Mosque.
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MOLIVING INTRODUCES NOMADIC, POP-UP LUXURY
When Jordan Bem, founder and CEO of Moliving, decided to launch his own hospitality offering, he was looking to introduce a unique concept that no company has been able to master…
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STARTUP STAGE: STAY OPEN TURNS EMPTY BUILDINGS INTO POD HOTELS
Stay Open creates pod hotels in vacant or underutilized office and retail space, while contributing proceeds to help unhoused people. Travelers join Stay Pass, the company’s membership and rewards program, by purchasing an NFT (non-fungible token)…
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BEST WESTERN CEO HOPES FOR RECORD SUMMER PERFORMANCE
BWH Hotel Group has emerged from the pandemic with a strong balance sheet, while also providing relief worth millions of dollars to their member hoteliers, according to President and CEO Larry Cuculic…
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Incorporating the great outdoors indoors comes at a high cost — but ultimately with a high return on investment for hoteliers, and their guests.
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PKF hospitality group starts Future of Hospitality Institute
The PKF hospitality group has founded the Future of Hospitality Institute, a think tank for the hotel, living, tourism and leisure sectors. The new head of the institute is Paul Rands.
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Web Exclusive: Modular a good choice for luxury
As the popularity of modular construction in hospitality continues to grow, so does its use in upscale and luxury properties.
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Hotel Investors: 'Now Not Time to Play Hero'
Usually deemed to be bedrocks of nerve and insight, investors also have been on a rocky road through the COVID-19 crisis, but success in real-estate investment in the hotel industry continues to rely on flexibility, constant analyses of strategy and…
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Partners Group, GIC, Salter Brothers to buy A$620m hotel portfolio in Australia
Swiss-based global private markets firm Partners Group, in partnership with Singaporean sovereign wealth fund GIC and Australian hospitality operator Salter Brothers, has agreed to acquire a portfolio of eleven Travelodge hotels in Australia for…
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Hotel Construction Is Up in Europe, but Projects Could Take Longer
Europe Is Only World Region With Increase in Hotel Construction…
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The Fire Sale That Never Happened
Expecting a tidal wave of distressed selling and recapitalizations at 30-50% discounts to pre-COVID values, the private equity industry raised an unprecedented amount of capital in the early months of the pandemic…
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