Hospitality Asset Managers Association Release Industry Outlook for Fall 2024 Appeared first on: hotelnewsresource.com … [Read more...]
Archives for 16/10/2024
Mandarin Oriental Hotel Group Unveils New Global Strategy
Mandarin Oriental Hotel Group has revealed a new brand&led, guest¢ric vision and strategy for its next ten years of accelerated growth. The plan will build on the strength of its dual Asian heritage to create exceptional luxury hospitality experiences of the future. Appeared first on: hotelnewsresource.com … [Read more...]
Navigating Event Payments: 5 Benefits of Tripleseat Partypay
This transparency not only helps with day&to&day operations but also allows you to identify event sales trends, customer preferences, and revenue patterns. Armed with these insights, you can make informed business decisions that drive growth. Appeared first on: hotelnewsresource.com … [Read more...]
Vision and Efficiency: The Power of Agoda's Innovative Data Strategy
The company is shifting from superficial data to deep, intimate details. Appeared first on: hotelnewsresource.com … [Read more...]
Airbnb Launches Co&Host Marketplace, Shaking Up Property Management Industry
The move could disrupt the property management industry, with many co&hosts offering similar services with less bureaucracy and fewer fees. Appeared first on: hotelnewsresource.com … [Read more...]
Edgar Hurtado Takes on Culinary Director Role at Four Seasons Hotel Doha
He will be in charge of the hotel's 11 dining outlets, including Nobu, Curiosa by Jean&Georges, and the recently renovated Elements Restaurant. Appeared first on: hotelnewsresource.com … [Read more...]
Four Seasons Hotel Singapore Announces Leadership Promotions
The Four Seasons Hotel Singapore has reported the promotions of two members of its leadership team, Shengwen Chua and Meng Wen Young. Appeared first on: hotelnewsresource.com … [Read more...]
Regent Santa Monica Beach Resort Opens in California
The beachfront resort marks the return of the Regent brand to the United States, with its first flagship property in the Americas. Appeared first on: hotelnewsresource.com … [Read more...]
Digitech & Future You Event Recap From HSMAI Europe
The DigiTech and Future You events brought together key industry professionals and future leaders and students in our industry. Appeared first on: hotelnewsresource.com … [Read more...]
Global Travel and Tourism Deal Activity Down by 11% YoY During Q1&Q3 2024
An analysis of GlobalData’s Deals Database also revealed that the volume of M&A deals decreased by 6.8% during Q1&Q3 2024 compared to the same period in 2023, while the number of venture financing deals was down by 25.2% YoY. Meanwhile, private equity deals volume remained unchanged. Appeared first on: hotelnewsresource.com … [Read more...]
Whitbread Opens First Premier Inn Hotel in Cambridge City Centre
The hotel, developed in collaboration with investment and asset manager Abrin, is housed in a converted office space above the shopping centre and has 125 rooms in Premier Inn's most recent design. Appeared first on: hotelnewsresource.com … [Read more...]
Bob W Appoints Hospitality Veteran Hervé Deligny As CFO
Deligny boasts an impressive career history, starting at PwC and spending over 15 years at AccorHotels. Appeared first on: hotelnewsresource.com … [Read more...]
New All&Inclusive Destinations and JOMO Travel Trends Set to Revolutionize Next Year's Travel Plans, Reveals Expedia
Today, Expedia Group unveiled Unpack '25, the annual data&driven outlook for what's motivating travelers and where they will go next year. Appeared first on: hotelnewsresource.com … [Read more...]
The Ultimate Packing List for Every Type of Traveler
Packing List for Every Type of Traveler: Comprehensive Guide for Any Journey Table of Contents Packing for a trip can feel overwhelming, with each type of journey requiring its own unique list of items. From adventures in the wild to relaxing cruises, every traveler needs to know what essentials to pack to make their trip comfortable and stress-free. No matter the destination, having a … [Read more...]
Dovehill Capital Management Sets Sights on $30m with Launch of Second Investment Fund Investing in Experiential Hotels
Fund II builds on the success of DoveHill's Fund I, which made ten investments totaling over 4,600 keys and managed $640 million within three years. Appeared first on: hotelnewsresource.com … [Read more...]
Mohari Hospitality, Omnam Investment Group and Pharrell Williams Join Forces to Purchase Luxury Paris Hotel
Mohari Hospitality, Omnam Investment Group, and musician and entrepreneur Pharrell Williams have announced the joint acquisition of a historic 5&star hotel in Paris. Appeared first on: hotelnewsresource.com … [Read more...]
Hyatt Place Sonoma Wine Country Hotel Commences Construction, Set to Open in 2026
Landmark Hotels, Inc. has officially begun constructing the Hyatt Place Sonoma Wine Country near Charles Schulz Sonoma County Airport. Appeared first on: hotelnewsresource.com … [Read more...]
Hyatt Partners with China Resources Land for Expansion in China
The collaboration will manage and develop hotels, including six existing Mumian hotels and two new Mumian hotels that will open in 2025. These properties will be incorporated into The Unbound Collection by Hyatt and JdV by Hyatt brands. Appeared first on: hotelnewsresource.com … [Read more...]
Hilton Global Foundation Grants Record $5.3 Million to Nonprofits
The Hilton Global Foundation is committing a record $5.3 million to 16 nonprofit organizations. These groups are working to lessen poverty, provide career development opportunities, and preserve the environment. Appeared first on: hotelnewsresource.com … [Read more...]
Rock in Rio Skyrockets Rio De Janeiro's Room Rates to an Unprecedented Eight&Year High
Boosted by the Rock in Rio music festival, Rio de Janeiro’s hotel industry reached its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) in eight years, according to September preliminary data from CoStar. Appeared first on: hotelnewsresource.com … [Read more...]
Brisbane Hotel Performance Skyrockets to September Peaks, Thanks to High&Profile Events
Events pushed Brisbane hotel average daily rate (ADR) and revenue per available room (RevPAR) to all&time highs for September, according to preliminary data from CoStar. Appeared first on: hotelnewsresource.com … [Read more...]
Berlin Hotels Hit Astonishing 8&Month Performance Peak in September
The 2024 International Trade Fair for Transport Technology (InnoTrans) pushed Berlin’s monthly average daily rate (ADR) and revenue per available room (RevPAR) to all&time highs, according to September preliminary data from CoStar. Appeared first on: hotelnewsresource.com … [Read more...]
New Tech by IHG Hotels & Resorts Reveals Travellers' Deep&Seated Desires in Under a Minute
This innovative tool uses eye&tracking technology to infer users' travel preferences within a minute by observing their reactions to visuals of various travel destinations. Appeared first on: hotelnewsresource.com … [Read more...]
Four Seasons Hotel New York Set to Reopen This November
The Four Seasons Hotel New York is preparing to reopen this fall after a temporary closure. Located at 57 East 57th Street, the hotel is a prominent destination for both locals and international travelers due to its luxurious suites and attentive service. Appeared first on: hotelnewsresource.com … [Read more...]
Booking.com Reports Conventional Travel to Be Redefined in 2025
AMSTERDAM—Booking.com’s annual Travel Predictions research reveals that instead of retreating, many travelers want to redefine how they experience and engage with the world around them. Travelers will change the rules of conventional travel in 2025, and as a result, forge new connections with themselves, their loved ones, and those they meet along the way, as well as the destinations they visit. … [Read more...]
Four Seasons Hotel New York to reopen
The Four Seasons Hotel New York, located between Madison and Park Avenues, will reopen this fall. The property has been closed since the start of the pandemic in March 2020 and has been undergoing renovations for the past few years, according to its website. “For more than three decades, Four Seasons Hotel New York has been a beacon of luxury hospitality for discerning guests from around the … [Read more...]
Cleveland-area Hampton Inn receives $8.1M refi
Marcus & Millichap Capital Corporation (MMCC), a division of Marcus & Millichap, has arranged the refinance of a 118-key hotel in North Olmsted, OH. The MMCC Capital Markets team was led by Dallas-based managing director Pete Fehlman and associate director Jake Marshall. The team worked on behalf of Riley Hotel Group to secure and structure the 70% loan-to-cost CMBS financing. The … [Read more...]
Potato Corner 32nd Anniversary: Celebrating the Flavors That Made Us Savor Every Moment
Potato Corner Puts Its Iconic Flavors in the Spotlight for 32nd Anniversary It all started with a passion for flavored fries, and now it’s grown into a global sensation, creating fans of flavored fries worldwide. That same passion for flavor remains strong as Potato Corner celebrates its 32nd Anniversary with exciting flavor-filled promos. Potato Corner 32nd Anniversary Cheese, Sour Cream, … [Read more...]
CoralTree Hospitality to manage The Islands of Islamorada resort
CoralTree Hospitality has been awarded management of The Islands of Islamorada resort in Islamorada, FL. The gated, luxury property of 22 waterfront villas and eight, one-bedroom suites is the seventh CoralTree property in Florida. “The Islands of Islamorada is an impressive addition to our growing collection of hotels, resorts and residential properties,” said Tom Luersen, president, CoralTree … [Read more...]
Azul Hospitality Adds Hyatt Place South Reno to Managed Portfolio
SAN DIEGO, California—Azul Hospitality announced that the newly constructed Hyatt Place South Reno in Reno, Nevada, has opened and joined its portfolio of managed assets. Tolles developed the property in conjunction with Pelzer Hospitality. The 132-room property offers panoramic mountain views from every guestroom, along with amenities including a 24-hour fitness center, 24-hour business … [Read more...]