During the numbers panel at ALIS, hotel industry data experts shared their forecasts, demand segment breakdowns and more. Appeared first on: hotelnewsresource.com … [Read more...]
Archives for 29/01/2024
The Value of the Relationship Between Revenue Management Teams and Contact Centers & By Michelle Lord
If you had the opportunity to peruse our latest article on The Value of a Contact Center, you might now be wondering how you go about fostering a mutually beneficial relationship with your contact center & lets dive in! Appeared first on: hotelnewsresource.com … [Read more...]
AHLA State of the Industry Report & U.S. Hotels Will Pay Historic Wages, Generate Record Level of Tax Revenue in 2024
Despite labor shortages and persistent inflation, industry recovery continues Appeared first on: hotelnewsresource.com … [Read more...]
Hilton's Kevin Jacobs Named 2024 Board Chair for the AHLA
The American Hotel & Lodging Association (AHLA) last week announced its 2024 officers, Executive Committee, and Board of Directors, all of which include some of the most influential leaders from all segments of the hospitality industry. Appeared first on: hotelnewsresource.com … [Read more...]
150 Key Radisson Resort Anyer to Open 2027 in Indonesia
In addition to 120 guestrooms and 30 tent villas, the hotel will feature private beach access, a beach club and swimming pool, as well as an all&day dining restaurant, a bar, a gym, a kids club, meeting rooms, a spa and wellness centre. Appeared first on: hotelnewsresource.com … [Read more...]
Maurice Wooden Named President for the Fontainebleau Las Vegas
Mr. Wooden's record of leadership in gaming and hospitality is highlighted by his previous tenure as Principal Executive Officer and President of Wynn Las Vegas and as a member of the Las Vegas Convention and Visitors Authority Board of Directors. Appeared first on: hotelnewsresource.com … [Read more...]
PwC Finds CEOs Target the Acceleration and Elevation of Critical Change
CEOs are determined to drive transformative change in the face of persistent challenges and growth concerns, with a focus on their own catalytic role, investments in necessary skills and technology, and the rise of generative AI (GenAI). Appeared first on: hotelnewsresource.com … [Read more...]
U.S. Short&Term Rental Market Review: December Supply and Demand Remain in Balance, Promising a Banner 2024
2023 was a dynamic year in the U.S. short&term rental (STR industry). Over the past 12 months, we saw the most in&demand month on record; July marked nearly 24 million nights stayed, September racked up the largest&ever number of available listings in a month with 1.64 million, and annual revenue reached its highest amount yet at approximately $64 billion. Appeared first on: … [Read more...]
Hotelogix Closes 2023 on a High Note Driving Cloud Adoption by Hotels Across the World
In 2023, Hotelogix rolled out a series of feature updates to enhance user experience and streamline hotel operations. These updates include the rollout of Version 2.5 of the Hotel PMS. With improved UI elements, a sleek look, simple workflows, and intuitive navigation, the PMS has become simpler, better, faster, and smarter. Appeared first on: hotelnewsresource.com … [Read more...]
Phocuswright Research Explores Travelers' Comfort Using GenAI
According to Phocuswright's latest travel research report GenAI and Emerging Tech Use Among Travelers, nearly half of travelers would be comfortable in a chatbot interaction where they provide their trip preferences and the AI platform offers a range of recommendations. Appeared first on: hotelnewsresource.com … [Read more...]
U.S. Investment Activity Expected to Increase According to CBRE
CBRE Issues 2024 U.S. Investor Intentions Survey Appeared first on: hotelnewsresource.com … [Read more...]
Canadian Hotel Construction Pipeline Closes 2023 with a 10% Year&Over&Year Project Increase
According to the year&end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country's peak of 305 projects achieved in Q4 2019. Canada's pipeline is up 10% by projects and 7% by rooms, year&over&year (YOY). Appeared first on: hotelnewsresource.com … [Read more...]
Phuket Nai Yang Beach, Vignette Collection Resort to Open 2028 in Thailand
IHG Hotels & Resorts announced the signing of its sixth Vignette Collection property in Thailand, a beachfront resort along Nai Yang Beach in Phuket. Appeared first on: hotelnewsresource.com … [Read more...]
HVS ALIS 2024 HVS Takeaways: Upbeat, Optimistic, and an Eye on Innovation & By Rod Clough
The sentiment was upbeat and optimistic for the year ahead. This article provides our key takeaways from the conference. Appeared first on: hotelnewsresource.com … [Read more...]
Outrigger Resorts & Hotels Transformative Shift with BirchStreet & Automating Payables and Reaping Significant Benefits
The simplicity of one platform, one system, one login, and one&click approvals made BirchStreet Pay the optimal solution for the continually expanding hotel brand. Appeared first on: hotelnewsresource.com … [Read more...]
HVS Asia Pacific Hospitality Newsletter & Week Ending 19 January 2024
Weekly Hospitality Industry Asia Pacific News Roundup from HVS Appeared first on: hotelnewsresource.com … [Read more...]
Motto by Hilton Debuts in South America with Opening of Motto by Hilton Cusco Hotel in Peru
A more than $5 million investment in the center of the Imperial City, the 58&room hotel pays homage to Cusco's past, from the mysteries of the ancient Killke era to the Inca dynasty. Appeared first on: hotelnewsresource.com … [Read more...]
AI Set to Revolutionize Travel & Tourism According to Microsoft and WTTC Report
The report highlights AI's capabilities extend to predicting future demand patterns, efficiently allocating resources, and providing valuable insights for governments and Travel & Tourism stakeholders. Appeared first on: hotelnewsresource.com … [Read more...]
Peachtree Group Completes $150 Million in CPACE Financing in December, Including for the Thompson Hotel, Palm Springs, Ca
In December, Peachtree Group achieved a significant milestone by securing $150 million in Commercial PACE (CPACE) financing, approaching $0.75 billion completed since its inception in 2019. Appeared first on: hotelnewsresource.com … [Read more...]
Hospitality Ventures Management Group Adds 15 New Hotels in 2023
Most of these additions are Marriott, Hilton, and Hyatt brands. Appeared first on: hotelnewsresource.com … [Read more...]
STR Weekly Insights: 14&20 January 2024
Outside of the U.S., China posted the highest RevPAR gain (+56%) of the 10 largest countries based on supply. Next on the growth list was Japan (+35%), Indonesia (+18%) and Germany (+14%). France and Mexico were the only two top 10 countries to report decreasing RevPAR (&0.8 and &6.1%, respectively). Appeared first on: hotelnewsresource.com … [Read more...]
Downright Austin, a Renaissance Hotel to Open Spring 2024
Something big is going down. Downright Austin is opening in spring 2024, bringing its own unique and decidedly Downright take on the global Renaissance Hotels brand. Located in downtown Austin, Downright Austin will feature a bold and postmodern lobby experience, 367 stylish guest rooms including five suites, 31,000 square feet of indoor and outdoor event spaces, and new culinary concepts, all … [Read more...]
Digital Nomad Guide to Living in Ho Chi Minh City
Welcome to my digital nomad guide to living in Ho Chi Minh City. I spent a glorious 6-weeks working remotely from this vibrant Vietnamese city and loved my time there. It’s such a spirited and lively place filled with color, culture, and great coworking spaces. I left the UK over two years ago and currently travel the world as a digital nomad. I’ve worked remotely in dozens of countries but my … [Read more...]
Turkish Food: 15 Traditional Dishes to Try in Turkey
Turkey is famous for so many things, including history, beaches, nature, and its traditions, but I’ll let you in on a secret—the food in Turkey is like nowhere else on earth. If you’re a foodie, you’ve just found your match: every region is famous for something, and the top dishes are well-loved for a very good reason. Traditional dishes to try in Turkey are plentiful.Table of Contents I lived … [Read more...]
Report: Hotels will pay historic wages, generate record level of tax revenue in 2024
Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report. The report, which forecasts that hoteliers will face continued challenges due to nationwide labor shortages while inching closer to 2019 occupancy levels, is based on data and analysis from … [Read more...]
LE: Canada’s construction pipeline closes 2023 with a 10% YOY increase
According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country’s peak of 305 projects achieved in Q4 2019. Canada’s pipeline is up 10% by projects and 7% by rooms, year-over-year (YOY). At the close of 2023, there are 66 projects/8,998 rooms under construction, up 27% by … [Read more...]
KSL closes $3B+ continuation vehicle for Alterra
KSL Capital Partners LLC has closed a single-asset continuation vehicle for Alterra Mountain Company, with total commitments of more than $3 billion, including the commitments of the general partner and rollover investors. The transaction underscores KSL’s commitment to Alterra, while allowing KSL to return capital to limited partners. Investors in the continuation vehicle include a diverse … [Read more...]
Tim Burkhardt appointed president, hotels at Lafrance Hospitality
Hospitality management company Lafrance Hospitality has promoted Tim Burkhardt to president, hotels. He previously served as VP, lodging and development. In his new position, he oversees the strategic direction and operations of Lafrance Hospitality’s portfolio of hotels. He continues to spearhead acquisition and new construction projects for the hotel group. Burkhardt brings more than 35 … [Read more...]
26 Amazing Things To Do In France in 2024
Trips to France are always special, regardless of which part of the country you’re visiting. Whether you’re heading to Paris for a few days or planning a road trip along the country’s southern coast, you’ll be spoiled for choice when it comes to landmarks and tourist attractions. The best things to do in France range from partying in Saint Tropez to hiking in the footsteps of 18th-century … [Read more...]
Hilton’s Kevin Jacobs named 2024 AHLA board chair
The American Hotel & Lodging Association (AHLA) has revealed its 2024 officers, executive committee and board of directors, all of which include some of the most influential leaders from all segments of the hospitality industry. Kevin Jacobs, CFO/president, global development, Hilton, was named chair of the board; Mitch Patel, president/CEO, Vision Hospitality Group, was named vice chair; Liam … [Read more...]