Development

The improving economies of Armenia, Georgia and Azerbaijan present opportunities to grow tourism and hotel projects.
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A vast continent full of opportunities, Africa is proving a region where Hilton is finding new markets for its hotel brands.
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The luxury Golden Sands Hotel remains as the centrepiece of the Cypriot town of Varosha, which was evacuated in 1974 due to fighting between Greek and Turksih Cypriots.
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To the east of Europe, Romania is now opening up as a new destination for EU travellers, with hotel brands following the money.
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Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
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An entrepreneur has bought an eerie 250-year-old prison with terrifying tunnels and a dungeon called 'The Hole' plans to transform it into a luxury hotel…
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At a HICAP ANZ panel in Sydney, hotel executives discuss financing, insolvency issues and tax changes happening right now in the Australian hospitality market.
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Investment in serviced apartments is on the rise, with the UK market proving particularly attractive. In a ranking of 26 real estate sectors, serviced apartments climbed from 16th place in 2022 to ninth position in 2024, according to the Emerging…
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InterGlobe Enterprises recently announced the launch of Miiro, a new lifestyle hotel brand with a distinctive collection of individually designed hotels in the heart of Europe’s most vibrant cities, each with its unique culture, history, and…
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Hilton, the US multinational hospitality company, has ambitious plans to expand in Africa, as Andreas Lackner, vice president, operations, Africa and Indian Ocean, tells African Business.
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Mixed-use hospitality development has significantly evolved over the past decades, becoming increasingly essential in the current market as securing financing has become more challenging and diversifying a project makes it more economically viable…
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Recent news underlined that by 2028, Romania was set to inaugurate 13 new five-star hotels, including prestigious brands such as Mondrian, Hyatt, and Kempinski. According to Mordor Intelligence, the Romanian hospitality industry is constantly…
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The global hotel industry is experiencing a significant surge in development, with the United States and China at the forefront. According to Lodging Econometrics’ (LE) Q2 2024 Global Construction Pipeline Trend Report, the worldwide hotel…
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Last year, Fiveight, the property arm of Australian private equity group Tattarang, bought the Waldorf Astoria-branded hotel tower project in central Sydney from Lendlease and Mitsubishi Estate for a cool AUD$575 million. The under-construction…
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Branded residences, one of the fastest-growing sectors in hospitality, will take center stage at FHS World (30 September to 2 October), with a dedicated, full-day conference led by one of the sector’s leading innovators Accor One Living…
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KT Corp., one of South Korea’s top three mobile carriers, is on a roll with the hotel business despite its late foray into the hospitality industry by turning its old buildings and lots sitting idle in a declining era for landline phones into…
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While the Indian IPO market is strong right now, global markets aren't as friendly, as a result RedDoorz is taking a measured approach with its IPO plans.
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Larry Ellison is purchasing a luxury hotel in the same Palm Beach area enclave where he dropped $173 million on a residential compound two years ago.
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Asia is fast becoming one of the most important battlegrounds for the major hotel brands. Most have evolved out of the US and Europe meaning there is more real estate to chase elsewhere. The potential of markets like India and China is well…
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Next year, the first of around 20 hotels in the new Stopover hotel chain will open. These climate-smart hotels focus on electric vehicle travelers and, in addition to a comfortable bed, digital and efficient guest solutions, also offer exciting…
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The opening of the 989-room Mercure Icon in Singapore this spring, marking the launch of the largest Mercure hotel in the world, was another bold move from hospitality group Worldwide Hotels. 
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Hotel transactions grew in tandem with the uptick in tourism across Asia Pacific in the first half of the year, revealed latest data and analysis by JLL. Hotel deals jumped 19% YOY to touch $5.7 billion, led by major deals in Japan…
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Incidentally, many hotel groups have also entered serviced apartment business. Tariffs lower than hotels for comparable space is a major selling point, the USP, so to say
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Hyatt has partnered with Under Canvas to launch glamping at 13 locations across the U.S., including Under Canvas’ new outdoor resort, ULUM Moab. The alliance provides World of Hyatt members with access to camping experiences across many U.S…
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