CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality, the property’s owner and operator. The hotel, which is currently in the midst of a renovation, is bookable across Hyatt reservation channels and is expected to join the JdV by Hyatt brand in mid-2024, following … [Read more...]
Archives for 19/04/2024
Outlook improves in European hotel markets
According to consultants HVS, transaction volumes were down 19% overall on the previous year, and at EUR10.7bn, were the second lowest level recorded in the last decade. The average price per room sold was also down 16%, at EUR197,000., they reported in the annual European Hotel Transaction Report. Evidence of the growing impact of higher finance costs came from a quarter by quarter analysis. The … [Read more...]
Abu Dhabi sets out growth plan
The rulers of Abu Dhabi have approved a new tourism strategy to drive growth in visitors to the emirate, over the next few years to the 2030 milestone. In common with other parts of the region, the focus is on broadening the area’s appeal to international tourists, aiming to grow the visitor economy to become a more significant contributor to Abu Dhabi’s economic future. In 2023, the emirate … [Read more...]