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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…
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Traditional short-term rentals often don't work well for the digital nomad who also wants to socialize. Outsite is trying to fill that gap…
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U.S. HOTELS REVPAR growth is likely to recover in 2024, as inbound international travel further improves and sector-specific headwinds moderate, according to CBRE…
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Lynette Montoya, a prominent figure in the hospitality and economic development sectors, has announced her investment in Dream Exchange, the first minority stock exchange, in formation…
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Profits and income almost trebled for the Doyle Collection during 2022 as pandemic-related lockdown restrictions were lifted at its hotels in Ireland, the UK and the US…
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Singaporean real estate giant CapitaLand has sold two Sydney hotels that form part of its $9 billion listed CapitaLand Ascott Trust for $109 million to local investors Frank and Wade Huang as it recycles capital into higher yielding investments…
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For hotel managers, dealing with unhappy guests is part of the job: you do your best to smooth ruffled feathers, address the underlying problems and make sure that you manage similar situations better in the future…
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Service Properties Trust President and Chief Investment Officer Todd Hargreaves said his company is open to buying hotels, but its immediate priority is dealing with a wave of debt that is maturing over the next two years…
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Real estate conversions are big business. For the large, branded hotel companies, the most recent earnings season revealed conversions now account for around a third of signings…
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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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“We’re well-advised, and we’re confident in our ability to complete this in a reasonable time frame," Choice CEO Pat Pacious told analysts on Tuesday's call.
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Royal Dead Sea Hotel has lost 80% of its workers due to the war and its CEO says government payments barely cover room costs: ‘Who is supposed to pay the electric bill?’ Almost four weeks after the most barbaric and deadly single-day massacre on…
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Airbnb Inc. gave a disappointing outlook for the fourth quarter, citing “greater volatility” in the economic environment that it expects will slow demand for travel after a record summer season…
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Europe's biggest hotel group Accor on Thursday raised its core profit target for 2023 for the second time this year, citing positive business momentum in all of its markets after another strong post-pandemic summer…
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Hilton Worldwide Holdings beat Wall Street estimates for third-quarter revenue and lifted its annual forecast on Wednesday, as record lodging prices and higher occupancy levels boosted results. The U.S…
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Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced that it has completed the sale of the 1,060-room Boston Park Plaza for a gross sale price of $370 million, or approximately $350,000 per key…
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The fourth quarter brings the all-too-important annual tradition of budget planning for next year, and yet 2024 ‘s specific challenges have given the more heavily integrated hotel technologies a unique time to shine…
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Hotel asset management is evolving at a fast pace, and it requires a new commercial approach, not to mention a different skill set…
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