Why Cedar Capital wants to increase its Mediterranean exposure
Cedar Capital Partners is expanding its footprint in the Mediterranean and beyond, capitalizing on the post-Covid tourism boom and targeting key European and US markets.
read more
By tag
Select Tags:
Bob W, OCIM launch fund to convert old offices into serviced apartments
Bob W, the Finnish tech-powered hospitality company, has joined hands with Osborne+Co Investment Management (OCIM) and launched a £120 million ($155.55 million) equity raise to purchase and repurpose hotel and office buildings into short-term…
read more
How 3D printing construction could disrupt hotel development
Is the future of hotel construction in 3D? It very well could be, but, first, what exactly is it?
read more
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…
read more
How Hotels Can Leverage Financial Integration to Boost Efficiency and Profitability
Within a hotel organization’s finance and accounting departments, the importance of system integration cannot be overstated. Ensuring that all elements of the tech stack complement each other’s capabilities not only streamlines critical property…
read more
The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd…
read more
LE to present hotel development pipeline data at Hotec Ops
Bruce Ford, SVP and director of global business development at Lodging Econometrics, will present a U.S. hotel development pipeline overview with forecasts at the Hotec Operations 2024 event.
read more
Nigeria: Hotels hike rates amid high operation cost …measure last resort to stay afloat
As hotels struggle to remain solvent in the face of From an average room rate of between N100, 000-N150, 000, this time last year, guests are now paying almost N300,000 for the same room category and some suites go from half a million per night…
read more
Tech-centric hotel operators look to upend the traditional management model
In fall 2021, the Ace Hotel in Pittsburgh’s East Liberty neighborhood reopened after being forced to close during the COVID-19 pandemic. Only thing was, it no longer was the Ace Hotel. Now called The Maverick by Kasa, the hotel’s owner decided to…
read more
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.
read more
Strawberry is entering a new market - first hotel in Turku, Finland
Strawberry continues their expansion on the Finnish market. In autumn 2028, a new full-service hotel will open in one of Finland's, biggest development projects at the moment, Ratapiha Arena. The area is located in the middle of the city…
read more
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)…
read more
Lagos Implements Digital Revenue Collection for Hotels and Restaurants
The digitalization of the procedure for collecting the hotel occupancy and restaurant consumption taxes from owners of the state’s facilities—hotels and restaurants—has been announced by the Lagos State Internal Revenue Service…
read more
COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete…
read more
Castlemartyr and Gresham hotels make strong post covid-19 recoveries as revenues surge
Castlemartyr recorded revenues of €12.45m for last year compared €7.11m for the prior nine-month period in 2021…
read more
IHG says funding challenges holding back new hotel development
Holiday Inn owner IHG (IHG.L) said on Friday short-term funding issues were holding back development of new hotels, as it reported a quarter-on-quarter slowdown in its net room supply, a key revenue driver…
read more
U.S. Hotels State of the Union October 2023 Edition
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
read more
Dubai’s Five Hotels Publishes Financial Results for First Time
One of Dubai's top hotel holding companies suddenly posts two and a half years of financial data on its website. Either FIVE is feeling very proud of itself, or it's planning to go public soon.
read more