In this article, we will explore how real estate investment in the lodging sector is becoming more appealing. Appeared first on: hotelnewsresource.com … [Read more...]
Archives for 17/10/2024
Revenue Generation Index: Understanding RGI in the Hotel Industry
Is your hotel’s RGI above or below 1.0? If you don’t know, or worse, know it’s below 1.0, listen up. Appeared first on: hotelnewsresource.com … [Read more...]
Hotel Rack Rate: Definition and Strategies to Maximize Event and Group Bookings
Here’s how hotels can use rack rates to boost their revenue when catering to these larger bookings. Appeared first on: hotelnewsresource.com … [Read more...]
Navigating Hospitality Technology Buying Decisions in a Rapidly Changing Landscape
With all of these possibilities and solutions on the market, it’s hard to decide which solutions are the best fit and where to invest. This guide should give an overview of what to consider when choosing a solution and making a buying decision. Appeared first on: hotelnewsresource.com … [Read more...]
Wyndham Signs Agreement to Introduce Microtel Brand to India
The partnership aims to open 40 Microtel hotels in India by 2031. Appeared first on: hotelnewsresource.com … [Read more...]
Six Senses to Open Two New Hotels in Italy
These new locations, Six Senses Milan and Six Senses Lake Como will follow the opening of Six Senses Rome in 2023 and the expected launch of Six Senses Antognolla in Umbria. Appeared first on: hotelnewsresource.com … [Read more...]
New Luxury Beachside Resort by Four Seasons and AGC Equity Partners to Open in Mykonos in 2025
The Four Seasons Resort Mykonos will be located along the Kalo Livadi Bay coastline and will feature 94 rooms, villas, and suites with views of the Aegean Sea. Appeared first on: hotelnewsresource.com … [Read more...]
Kenya’s Diani Beach welcomes travel leaders for World Travel Awards Africa Ceremony
Diamonds Leisure Beach & Golf Resort, the flagship luxury resort in Kenya’s pristine Diani Beach, is making final preparations as it steps up to host the World Travel Awards Africa Gala Ceremony 2024. The paradise resort is welcoming travel and tourism figureheads from across Africa for the VIP reception. Appeared first on: breakingtravelnews.com … [Read more...]
U.S. Hotel Performance for Week Ending October 12th
Due to Rosh Hashana, the U.S. hotel industry reported negative year&over&year comparisons, according to CoStar’s latest data through 5 October. Appeared first on: hotelnewsresource.com … [Read more...]
BLLA reveals 2024 Boutique Hospitality Award winners
The Boutique Lifestyle Lodging Association (BLLA) recently revealed the 2024 BLLA Awards winners. Now in its 14th year, the BLLA Awards continue to honor the most daring and innovative achievements in the global boutique hospitality industry, recognizing the world’s finest hotels, visionaries and partners. 2024 award winners included: • In the Best Boutique Hotel Under 50 Rooms category, … [Read more...]
Design innovation to be showcased at BDNY 2024
Boutique Design New York (BDNY), a trade fair and conference for the hospitality’s boutique and lifestyle design community, returns to the Javits Center on Nov. 10-11. This year’s two-day event will feature new products, informative design discussions and an array of networking events. “BDNY has become synonymous with innovation in hospitality’s boutique design sector, offering a unique platform … [Read more...]
Trends from The Independent Hotel Show
The Independent Hotel Show, in partnership with James Hallam Insurance Brokers, made its return to Olympia London Oct. 15 and 16, bringing together the independent hotelier and design community under one roof. Here is the show’s take on which trends were most evident in the products displayed from both the exhibitors and in the various break-out areas. Walls inspired by (playful) nature As well as … [Read more...]
Carr Mansion awarded 2024 MICHELIN Key
Carr Mansion, a restored 19th-century Greek Revival mansion-turned-boutique hotel in Galveston, TX, has been awarded a 2024 MICHELIN Key. Built in 1866, Carr Mansion is one of the last remaining landmarks of Galveston Island’s initial building boom. The land was originally purchased from merchant, banker and Galveston real estate owner E. B. Nichols. The mansion was constructed by Lewis W. … [Read more...]
Beverly Hills’ Sirtaj Hotel sold
The Nevarez Group of Marcus & Millichap has closed on the sale of the Sirtaj Hotel in Beverly Hills, CA. According to the company, which represented the seller and buyer, it was the first hotel sale in the city since 2021. The boutique hotel offers 32 rooms, three food & beverage outlets and a spa. It is located near Rodeo Drive and Beverly Gardens Park, and is two miles from Century City … [Read more...]
Beverly Hills’ Siraj Hotel sold
The Nevarez Group of Marcus & Millichap has closed on the sale of the Sirtaj Hotel in Beverly Hills, CA. According to the company, which represented the seller and buyer, it was the first hotel sale in the city since 2021. The boutique hotel offers 32 rooms, three food & beverage outlets and a spa. It is located near Rodeo Drive and Beverly Gardens Park, and is two miles from Century City … [Read more...]
Honoring Celia
I want to use my page here to honor an industry colleague—and friend—of mine, of Hotel Business and, perhaps, you, too. If you didn’t know her personally, you might know her work. She was an award-winning hospitality, commercial and residential interior designer. Celia Barrett Blake passed away earlier this month. She was the founder/CEO/principal designer at Barrett Design Studio, headquartered … [Read more...]
Study: 93% of workers in travel-heavy industries have increased travel
High labor demand has prompted road warriors to spend more time traveling for work than ever before, according to a study released by Engine, a travel platform for booking and managing business trips. Ninety-three percent said they’ve traveled more over the past year, with 77% saying that’s due to high demand in their line of work. Fifty-six percent said they spend more than three months a year on … [Read more...]
Four Seasons and AGC Equity Announce Four Seasons Resort Mykonos, Greece
Four Seasons Resort Mykonos — Photo by Four Seasons Leading luxury hospitality company Four Seasons and Blue Iris Investments S.A, ('Blue Iris'), an investment vehicle of AGC Equity Partners ('AGC'), a global alternative asset investment firm, announce plans for a brand new beachside resort that will welcome its first guests in summer 2025. Located along the coastline of Kalo Livadi Bay, Four … [Read more...]
The Ultimate Guide To Prince Edward County, Ontario
From wine tours to mysterious lakes and burial grounds, a getaway to Prince Edward County is a wonderful weekend escape. Country homes and vineyards are nestled in lush greenery and surrounded by water on all sides. There are many things to do in Prince Edward County to please couples and families looking for a getaway to the country. Things to do in Prince Edward County, Ontario Travelers can … [Read more...]
Staypineapple Partners With Procure Impact
BELLEVUE, Washington—Staypineapple announced a collaboration with Procure Impact. This partnership grows Staypineapple’s commitment to uplifting communities and advancing the hospitality industry and guests’ experiences through intentional sourcing. The Procure Impact marketplace has thousands of products made in the United States across hospitality categories, including grab-and-go snacks, … [Read more...]
Loews to open Universal Helios Grand Hotel in Orlando
Loews Hotels & Co, co-owner and operator of the hotel portfolio at Universal Orlando Resort, will open the company’s third hotel coming to Universal Epic Universe, Universal Helios Grand Hotel, a Loews Hotel, on May 22, 2025, the same day the park opens. The company will also open Universal Stella Nova Resort and Universal Terra Luna Resort next year, bringing the Orlando hotel portfolio … [Read more...]
Davidson partners with Alliance for Hospitality Equity & Diversity
Davidson Hospitality Group has entered into a strategic partnership with AHED, Alliance for Hospitality Equity & Diversity, with the overarching goal of making a significant impact on the future of hospitality through development of internships; deployment of a scholarship program; participation in dedicated career fairs and campus takeover events; targeted recruitment of students within … [Read more...]
Walker & Dunlop investment sales team expands into hospitality
Walker & Dunlop Inc. (W&D) has revealed that its investment sales team will move into hospitality with the addition of Jonathan (Jay) Morrow as senior managing director. Morrow will lead Walker & Dunlop’s hospitality practice and be responsible for the origination and execution of hospitality investment sales and capital placement across the U.S. He will be based in New … [Read more...]
Sonesta to franchise 114 hotels upon SVC sale
Sonesta International Hotels Corporation intends to enter into new long-term franchise agreements for 114 hotels currently owned by Service Properties Trust (SVC). SVC will sell these hotels, which are currently managed by Sonesta, to reduce its leverage levels. The current Sonesta long-term management agreements are expected to be converted to long-term franchise agreements with Sonesta as the … [Read more...]
New Balance ‘Run Your Way’ campaign empowers every runner’s personal journey, no matter the pace
Whether you’re running for fitness or just for fun, there’s no ‘right’ way to run—there’s only your way MANILA, PHILIPPINES – Global athletic leader New Balance proudly unveils the latest installation to its ‘Run Your Way’ campaign to empower the individuality of runners everywhere. This initiative emphasizes that there is no one-size-fits-all approach to running – whether for fitness, fun, … [Read more...]
What Successful Traders Can Teach the Novice Investor
Learn from the Experts: Teaching the Novice Investor Table of Contents Investing in the financial markets can be daunting, especially for beginners. With the vast amount of information and potential risks, novice investors often feel overwhelmed. However, a wealth of knowledge can be gained from successful traders who have navigated these markets with expertise and precision. By learning from … [Read more...]
Leyte marks 80th year of MacArthur’s return
Celebrating the 80th Year of MacArthur’s Return to Leyte “I Shall Return” is arguably the most memorable phrase uttered by Gen. Douglas MacArthur as he escaped the pursuing Japanese forces in the Philippines during World War 2. 80th Leyte Gulf Landings Commemoration poster Said during his arrival in 1942 in Australia, he would fulfill this promise more than 2 years later and return with … [Read more...]
Coury Managed HALL Park Hotel Opens in Frisco, TX
HALL Park Hotel announced it opened its doors today, bringing the first Marriott Autograph Collection Hotel to Frisco, Texas. Overlooking Kaleidoscope Park, Frisco's new six-acre, highly programmed greenspace, the hotel features world-class art, elevated dining, and premium accommodations and event spaces. The property is owned by Dallas-based HALL Group and operated by Coury Hospitality. HALL … [Read more...]
Dusit Hotels & Resorts Returns to India with the Soft Opening of dusitD2 Fagu
Dusit Hotels and Resorts, under Dusit International—one of Thailand's leading hotel and property development companies—announces its return to India with the anticipated soft opening of dusitD2 Fagu. This luxurious retreat, set amidst the serene mountains of Fagu, near Shimla, is scheduled to open its doors in December 2024, offering an exceptional blend of Thai hospitality and local … [Read more...]
At Mine Hospitality signs two Miami boutique hotels
Reading Time: < 1 minute US: Hotel management company At Mine Hospitality has signed two hotels in the neighbourhood of Little Havana in Miami, Florida. The two hotels include Tower Hotel and La Havana Colonial, which were formerly managed by Roami and Life House respectively. Tower Hotel is a 48-room property located close to the “Calle Ocho” corridor. At Mine took over management of … [Read more...]