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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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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German Hotel Investment Market In The Doldrums In 2023, But Positive Signals For 2024
Cushman & Wakefield recorded a total transaction volume of EUR 1.5 billion for the hotel segment in 2023. This corresponds to a decline of around 23 percent compared to the previous year and is the lowest result of the past eleven years, falling…
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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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Budgeting for Technology Upgrades in Hotels
Imagine walking into a hotel where check-in happens seamlessly through a mobile app, the room preferences are customized to your liking even before you step in, and the concierge services are just a voice command away…
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How To Create the Perfect Hotel Marketing Budget - By Pete Dimaio
As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. Hoteliers understand the importance of budget season, but often dread dealing with the details. Some may not even know where to begin…
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2024 Budget Planning: What Is Top of Mind for Hotel Owners & Operators? - By Michael Grove
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers.What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached…
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Torquay Premier Inn construction £3.5m over budget
A council-built 120-bedroom hotel is set to open in Torquay nearly two years late and £3.5m over budget. The Premier Inn, constructed by Torbay Council, was due to cost £11m, but the figure has risen to more than £14.5m…
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Navigating the 2024 Budget Season: Tech-Driven Strategies for Modern Hospitality
As the hotel industry prepares for its annual budget planning for 2024, we're at a critical moment where technology and financial strategy blend together…
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