The Atomize platform analyzes market demand, booking patterns, competitor rates, and other data points to dynamically adjust room rates, maximizing revenue potential for hotels.By Lea Mira, HTN staff writer - 11.21.2024 Mews, a fast-growing hospitality cloud company, has acquired Atomize, a Swedish-based Revenue Management System (RMS) provider. This strategic acquisition expands Mews’ suite of … [Read more...]
Archives for 21/11/2024
La Quinta Inn & Suites by Wyndham Pearland in Pearland, Texas for Sale with New Price of $4,950,000
The property benefits from its strategic location along Broadway Street in Pearland, within two miles of State Highway 288, which provides an attractive environment for visitors given its numerous retail and dining options, as well as sports and leisure&related facilities. Appeared first on: hotelnewsresource.com … [Read more...]
Avani Sepang Goldcoast Resort in Malaysia Listed for Sale at $37,660,000
Strategically located just 20 minutes from Kuala Lumpur International Airport and an hour from the capital city, the resort offers a perfect blend of accessibility and seclusion. Appeared first on: hotelnewsresource.com … [Read more...]
IHCL Announces New Ginger Hotel in Raipur
The Ginger Raipur Hotel, a 120&room property, will be part of a mixed&use development on the Mumbai&Kolkata National Highway (GE Road). Appeared first on: hotelnewsresource.com … [Read more...]
HVS Europe Hotel Transactions Bulletin Week Ending 15 November 2024
A summary of European hotel transactions provided by HVS Appeared first on: hotelnewsresource.com … [Read more...]
Insights from HVS Asia Pacific Hospitality & Week's Highlights Ending 15 November 2024
Weekly Hotel Industry Asia Pacific News Roundup from HVS Appeared first on: hotelnewsresource.com … [Read more...]
Historic Breakers Hotel in Long Beach,CA Transformed into Luxury Fairmont Property
Fairmont Hotels & Resorts has partnered with Pacific6, a Long Beach&based investment and development group, to open the Fairmont Breakers Long Beach in downtown Long Beach, California. Appeared first on: hotelnewsresource.com … [Read more...]
Qatari Diar and FTG Break Ground on $3 Billion Land of Legends Qatar Project
Land of Legends Qatar, poised to be one of the biggest theme parks in the Middle East, has officially started its construction. Appeared first on: hotelnewsresource.com … [Read more...]
U.S. Travel Agency Air Ticket Sales Top $8.1 Billion in October 2024
International Passenger Trips Drive Year&over&Year Sales Increases Appeared first on: hotelnewsresource.com … [Read more...]
Wynn Resorts Reports Progress on 1,500+ Room Wynn Al Marjan Island Resort Construction
On Time Opening in Q1 2027 Anticipated Appeared first on: hotelnewsresource.com … [Read more...]
Expedia Group CEO Discusses AI Integration in Business Operations
Expedia Group CEO Ariane Gorin is extensively testing artificial intelligence (AI) throughout the company's operations. This was revealed during her speech at The Phocuswright Conference 2024 in Phoenix, Arizona. Appeared first on: hotelnewsresource.com … [Read more...]
Trustyou U.S. Hospitality Review Statistics Q1 and Q2 2024
Check out the latest U.S. hospitality statistics for 2024 and a look ahead at 2025 Appeared first on: hotelnewsresource.com … [Read more...]
WTTC Report: $65 Billion Required Yearly to Protect Coastal Tourism from Climate Crisis
Climate change, including rising sea levels, extreme weather, and coastal erosion, threatens coastal destinations, particularly Small Island Developing States (SIDS) and Pacific coastal areas. These regions are experiencing severe strain due to increasing climate&related displacement and economic losses. Appeared first on: hotelnewsresource.com … [Read more...]
Gross Operating Profit Per Available Room: How to Calculate GOPPAR and Improve Performance at Your Hotel
Gross Operating Profit Per Available Room (GOPPAR) has become a vital metric for hoteliers looking to understand the true profitability of their properties. Appeared first on: hotelnewsresource.com … [Read more...]
Lighthouse Announces $370 Million Series C Investment Led by KKR to Accelerate Platform Innovation and Growth
Investment supports continued expansion of AI and business intelligence capabilities for over 70,000 hospitality properties globally Appeared first on: hotelnewsresource.com … [Read more...]
Political & Financial Factors Influence U.S. Travel Trends Post&Elections
The recent U.S. elections have influenced American travelers, with both political and economic factors impacting their travel plans, according to MMGY's 2024 Portrait of American Travelers surveys. Appeared first on: hotelnewsresource.com … [Read more...]
Calendar Changes to Impact U.S. Hotel Performance this Holiday Season
Changes in holiday dates are expected to impact hotel stays, with Thanksgiving being a week later and Christmas and New Year's Day falling on a Wednesday. Appeared first on: hotelnewsresource.com … [Read more...]
Matthew Omansky Joins HVS North America to Expand Brokerage & Advisory Services
HVS North America, a consultancy firm specializing in hospitality, is growing its Brokerage & Advisory division with the appointment of Matthew (Matt) Omansky as Senior Vice President. The announcement was made in Austin, TX, on November 21, 2024. Appeared first on: hotelnewsresource.com … [Read more...]
Mixed Results for U.S. Hotel Industry Amid Veterans Day Calendar Shift for week ending 16 November
The U.S. hotel industry showed varied performance in the week ending 16th November, with Tampa experiencing the most significant increases in key metrics due to displacement demand from Hurricane Milton. Appeared first on: hotelnewsresource.com … [Read more...]
Mews acquires Atomize
Mews has acquired Atomize, a Sweden-headquartered revenue management software (RMS) provider. “In an industry where bookings can happen at any time, making informed decisions in real-time is crucial,” said Richard Valtr, founder, Mews. “Traditional revenue management systems often result in hoteliers resorting to blanket price changes. This is why we are so excited to bring Atomize onboard to … [Read more...]
U.S. Hotel Industry Shows Positive Performance in October 2024
The U.S. hotel industry reported a rise in occupancy, average daily rate (ADR), and revenue per available room (RevPAR) in October 2024. Appeared first on: hotelnewsresource.com … [Read more...]
Business Travel Disruptions Continue to Soar in 2024, Reveals TravelPerk's Second Annual Report
TravelPerk's report indicates a high rate of travel disruptions in 2024, with 78% of global business travelers affected and the US witnessing the highest flight cancellations. Appeared first on: hotelnewsresource.com … [Read more...]
Lodging Dynamics adds The Wilde Resort and Spa
Hotel management company Lodging Dynamics Hospitality Group has been appointed to manage The Wilde Resort and Spa. “We are honored to add The Wilde Resort and Spa to our growing portfolio,” said Jamie Caraher, president/CEO, Lodging Dynamics. “This extraordinary property epitomizes the high-quality, guest-focused experiences that align with our vision as we continue to grow … [Read more...]
The Power Shift: How Travelers Are Transforming the Future of Business Travel
Business travel is booming. According to the GBTA’s Business Travel Index Outlook report, business travel spending is projected to reach $1.4 trillion this year and climb to $1.8 trillion by 2027. So what is driving business travel’s big comeback? Appeared first on: hotelnewsresource.com … [Read more...]
Google Told to Sell Chrome: A Bold Move to Shatter Search Monopoly
The US Department of Justice (DOJ) has demanded that Google sell its Chrome browser as part of a series of remedies to dismantle its online search monopoly. Appeared first on: hotelnewsresource.com … [Read more...]
Woodvale acquires three properties
Woodvale has acquired three properties in two separate transactions, both brokered by Hunter Hotel Advisors. Woodvale purchased the Courtyard and Residence Inn Memphis Southaven dual-brand hotels from Chartwell Hospitality. Hunter’s COO Lee Hunter and SVP Tim Osborne facilitated the transaction. Located in DeSoto County, MS, the hotels are near popular destinations including Downtown Memphis, the … [Read more...]
Airbnb seeks to ‘reinvent’ itself with higher quality listings and offerings ‘beyond accommodation’
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IHG approves HotelKey PMS in U.S. & Canada
IHG Hotels & Resorts has named HotelKey’s technology platform as its first approved cloud-based property management system (PMS) solution for limited-service brands in the U.S. and Canada, including Holiday Inn Express, avid hotels, Garner, Atwell Suites, Staybridge Suites and Candlewood Suites. HotelKey’s solution provides hotel owners and operators with turnkey property management, … [Read more...]
Wimmer, Crescent open dual-branded property in Wisconsin
Wimmer Communities and Crescent Hotels & Resorts have expanded their decades-long partnership with the opening of a new dual-branded property, known as The Marriott Center, located within the Poplar Creek Town Center in Brookfield, WI. The Marriott Center consists of the Residence Inn Milwaukee Brookfield at Poplar Creek and Courtyard Milwaukee Brookfield at Poplar Creek. The hotels are owned … [Read more...]
In The Lap of Luxury: Discover Boracay’s Luxury Offerings For More Discerning Travelers
Boracay’s Luxury Offerings: Exclusive Experiences for Discerning Travelers Table of Contents Manila, Philippines – One of the Philippines’ top tourist destinations, Boracay was named “Asia’s Leading Luxury Island Destination” at the World Travel Awards (WTA) Asia and Oceania Gala Ceremony held last September at City of Dreams Manila. More than a party island, there’s another side of Boracay … [Read more...]