Airbnb Inc. CEO Brian Chesky hasn’t had an easy 2023. First there was the “Airbnbust" frenzy in March, in which hosts took up arms on Twitter (now X) about shrinking profit margins and a potential short-term rental bubble…
read more
Airbnb Inc. CEO Brian Chesky hasn’t had an easy 2023. First there was the “Airbnbust" frenzy in March, in which hosts took up arms on Twitter (now X) about shrinking profit margins and a potential short-term rental bubble…
read more
Budget 2024: Hospitality industry players call for increase in SST threshold
KUALA LUMPUR: Tourism-related associations have expressed hope that the government will increase the Sales and Services Tax (SST) annual threshold for the hospitality industry from RM500,000 to RM1.5 million through Budget 2024…
read more
Hotel demand to grow in double digits with high rates, occupancies: CEO of Chalet Hotels
The strength of travel indicated to everyone that the travel industry in India is very resilient: Sanjay Sethi, Chief Executive Officer of Chalet Hotels…
read more
Hotels are starting to charge for this once-free perk, and you’re not going to like it
Is a fee for extra pillows next? In a world where convenience often comes at a premium, hotels are redefining the boundaries of what was once considered a standard perk…
read more
Blackstone underestimated size of Crown Resorts challenge
The chairman of Crown Resorts says Blackstone underestimated the amount of work required to transform the casino giant’s culture and systems following years of scandal.
read more
Lowe Acquires Vacation Rental Management Business From Hyatt
Lowe, a leading national real estate investor, developer and manager, has acquired Hyatt’s vacation rental management business…
read more
The Nobu Empire Goes Where No Other Has
There’s no precedent for Nobu, with its Michelin-worthy empire of restaurants and hotels. And it all started with an offer from Robert DeNiro that couldn’t be refused — eventually. The Nobu hotels are part of the Michelin Guide hotel selection…
read more
Inside the Taliban’s Luxury Hotel
Can Taliban and non-Taliban work together as colleagues? Today, you can see this big experiment in action inside the Hotel Intercontinental Kabul, Afghanistan’s first high-end hotel and a legendary meeting place over the decades for foreign leaders…
read more
Asia-Pacific hotel revenue set rise on in 2024
Business, leisure bookings pick up, but labour, energy, tech, ESG challenges ahead…
read more
Conroe leaders say $107M Hyatt hotel won't see a profit for years, calling project a 'money pit'
Financial questions around Conroe's new $107 million Hyatt Regency Hotel and Conference Center continue to linger with council members calling the facility a “money pit” and revenue projections for 2024 unrealistic.The hotel and convention center…
read more
Caesars And MGM: Cybersecurity Issues Derail Shares Of Casino Names
It would be a nightmare for any large publicly traded American company but imagine the effects of a cyber attack on the security of major casino/resorts based in Las Vegas…
read more
ITC's hotel business will not need significant capital raise, says CMD Sanjiv Puri
ITC CMD Sanjiv Puri said that the hotel business will have no debt and it will be able to fund its expansion over the next two to three years…
read more
Momentus Hotels & Resorts launches debut serviced apartments
Singapore: Chip Eng Seng Group has introduced its first serviced apartments, operated through its hospitality brand Momentus Hotels & Resorts…
read more
Some upsell revenue is better than others. A guide to where you are really making money
Upselling offers one of the most effective, proven ways to increase a hospitality organization’s income by selling to someone who is already your customer…
read more
Whatever Happened to the Off-Season?
The heat, mobs and high prices of recent summers are making off-season travel more popular — perhaps too popular, some say, as they watch prices rise and crowds grow…
read more
Hilton's Chief Brand Officer just told us about the chain's newest one
Matthew Schuyler, Hilton's Chief Brand Officer, talked to TheStreet about the company's new Tempo hotel brand…
read more
Marriott Hotels selects EV Connect as preferred charging provider
The US American hotel chain Marriott Hotels has selected EV Connect as a new charging operator to help set up charging infrastructure at their US and Canadian locations.
read more
US hotel loan defaults could rise on falling leisure stays, climbing costs
U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with rising costs are expected to pinch their profits…
read more
IHG Captures Top Spot for Extended Stay Accommodations
IHG’s classic brands Candlewood Suites and Staybridge Suites comprise the bulk of its extended-stay portfolio. The company added the Atwell Suites concept in 2019 and it’s beginning to add options in key cities…
read more
Hilton says it is working to disclose mandatory fees
Hilton Worldwide Holdings (HLT.N) said on Thursday that it was working to ensure mandatory fees are displayed upfront on all its websites and apps…
read more
Hyatt Wins BTN Hotel Survey for Traditional Hotel Brands
Hyatt, Hilton and Marriott — In that order—took the top three spots in BTN's corporate travel buyer survey of traditional hotel partners. U.K.-based IHG Hotels & Resorts placed fourth and French hotel giant Accor placed fifth…
read more
First Hospitality to acquire Hostmark Hospitality Group
First Hospitality, a national hotel management and development company, has an agreement in place to acquire the majority of the hotel management agreements of Schaumburg, IL-based Hostmark Hospitality Group…
read more
Hyatt Strengthens Luxury and Lifestyle Growth With Strategic Expansion Across the Americas Region
Hyatt brands enter new markets, recent acquisitions broaden offerings for the industry’s fastest growing loyalty program - Hyatt Hotels Corporation (NYSE: H) continues to strategically grow its luxury and lifestyle brand footprint with a strong…
read more
RedDoorz to focus on Indonesian, Philippine hotels: CEOs Strategy
Budget chain aims to increase properties to 8,000 over next few years…
read more