The decisions about where to travel in Alaska can be pretty overwhelming to make. Alaska is such a big state, and there are big-name attractions like Denali National Park, Talkeetna, Anchorage, Fairbanks, and cruise ships in southeast Alaska. Plenty of big operators capture most travelers and pack their guests like sardine cans with blaring speakers, doing canned tours. Millions of visitors … [Read more...]
Archives for 16/01/2025
CoralTree Hospitality Adds Two Utah Hotels to Managed Portfolio
DENVER, Colorado—CoralTree Hospitality announced the addition of Black Desert Resort and Red Mountain Resort in southwest Utah to its management portfolio. The two properties, owned by Utah-based Reef Capital Partners, are located in Greater Zion with access to more than 2,400 square miles and inspiration including Zion National Park. “Our company continues to grow and innovate, and being … [Read more...]
Reeco Secures $15 Million for Its Procure-to-Pay Platform for the Hotel Industry
Reeco's solution integrates all critical functions, from procurement and receiving to inventory and recipe management, and even accounts payable. This integration is designed to save time and costs, while also improving operational efficiency.By Lea Mira, HTN staff writer - 1.15.2025 Hotel technology solution provider Reeco has announced the successful completion of a Series A funding round, … [Read more...]
Kannan Sankaran Named as Managing Director at HVS Consulting & Valuation Washington D.C.
Before joining HVS, Sankaran served as Senior Vice President of CBRE Hotels in Washington, D.C. Appeared first on: hotelnewsresource.com … [Read more...]
HOTREC Study Reveals Need for Digital Reform in Euro Hotel Sector
The 2024 Hotel Distribution Study focuses on developments in the European accommodation sector, shedding light on how consumers book hotel rooms and the rising dominance of Online Travel Agencies (OTAs). Appeared first on: hotelnewsresource.com … [Read more...]
Hampton Inn & Suites by Hilton Houston – Cypress Station Sold
HVS Brokerage & Advisory announced the sale of the 73&key Hampton Inn & Suites by Hilton Houston – Cypress Station to RS 150 Hospitality LLC on January 16, 2025. Appeared first on: hotelnewsresource.com … [Read more...]
An AI&Driven, Wellness&Centric Future: KAYAK's Travel Forecast for 2030
KAYAK, in partnership with The Future Laboratory, predicts major shifts in global travel trends by 2030, including the emergence of AI travel agents, city jumping, wellness travel, and social media bookings. Appeared first on: hotelnewsresource.com … [Read more...]
Italy Takes Aim at Fraudulent Online Reviews with New Legislation
Italy is taking a significant step in the fight against fraudulent online reviews. The government is set to introduce new legislation aimed at clamping down on this deceptive practice, according to a report by The Guardian. Appeared first on: hotelnewsresource.com … [Read more...]
ITB Berlin Convention 2025: Insightful Program for the Evolving Travel Industry
This year the event, taking place from March 4 to 6, focuses on the theme 'The Power of Transition lives here', reflecting the current state of the travel industry. Appeared first on: hotelnewsresource.com … [Read more...]
Greenview's 2024 Green Lodging Trends Report: A Deep Dive into Sustainable Practices in the Hospitality Industry
The report reveals that hotels worldwide are increasingly adopting green practices, with a significant focus on energy efficiency, water conservation, and waste management. Appeared first on: hotelnewsresource.com … [Read more...]
Four First Nations Acquire Majority Stake in Hilton Quebec Hotel
The Naskapi Nation, the Mi'gmaq, the Huron&Wendat Nation, and the Cree Nation united under a newly formed entity, Atenro, to complete the acquisition. Hilton will continue to manage the hotel. Appeared first on: hotelnewsresource.com … [Read more...]
U.S. Travel Agency Sales Total $99.2 Billion in 2024
2024 Total Sets New Record for ARC&Accredited Agency Sales Appeared first on: hotelnewsresource.com … [Read more...]
Candlewood Suites Galveston in Galveston, Texas Listed for Sale
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to Ownership, presents the opportunity to acquire the 83&key Candlewood Suites Galveston, a recently renovated, extended&stay hotel asset in Galveston, Texas. Appeared first on: hotelnewsresource.com … [Read more...]
NH Collection Alagna Mirtillo Rosso Hotel Set to Debut in the Italian Alps
The four&star establishment, nestled in the Pennine Alps, is set to undergo renovations before its official opening under the new brand in March 2025. Appeared first on: hotelnewsresource.com … [Read more...]
Ibis Tijuana Zona Río Hotel in Mexico Listed for Sale
The property is located on Blvd. General Rodolfo Sánchez Taboada, offering easy access to key attractions such as Plaza Río Tijuana, Mercado Hidalgo, and the Centro Cultural Tijuana. Appeared first on: hotelnewsresource.com … [Read more...]
Mercure Opens First Hotel in Kathmandu, Nepal
Mercure has entered Nepal by opening its first hotel, Mercure Kathmandu Sukedhara Heights, in the heart of the capital city. Appeared first on: hotelnewsresource.com … [Read more...]
Accor Announces Record Growth and Strategic Expansion for Sofitel, Sofitel Legend, MGallery and Emblems Brands
With about 120 Sofitel properties, more than 120 boutique hotels under MGallery, and a growing portfolio of Emblems’ bespoke destinations, the Group reports a record growth in 2024 with close to 90 hotels signed in the pipeline to be opened in the coming years Appeared first on: hotelnewsresource.com … [Read more...]
Dual Branded Tempo by Hilton and Homewood Suites Hotel Opens in Downtown Raleigh, N.C.
The dual&brand hotel, owned by CN Hotels and managed by McKibbon Hospitality, offers 261 guest rooms and is located in the city ranked sixth on U.S. News' 2025&2026 Best Places to Live list. Appeared first on: hotelnewsresource.com … [Read more...]
Holiday Inn Brand Returns to Tokyo with Renovated 132&Room Hotel
IHG Hotels & Resorts (IHG) and its partner, BEST HOSPITALITY Network Inc., have announced that the Holiday Inn brand will return to Tokyo in 2025. Appeared first on: hotelnewsresource.com … [Read more...]
U.S. Hotel Industry Faces Decline in Early January
The U.S. hotel industry sees negative year&over&year comparisons in the week ending 11 January 2025, impacted by various factors such as calendar shifts and weather events. Appeared first on: hotelnewsresource.com … [Read more...]
Aimbridge Hospitality Enters Restructuring Support Agreement
PLANO, Texas—Aimbridge Hospitality announced that it has entered into a Restructuring Support Agreement (RSA) with support from its first and second lien lenders and its existing sponsor that would right-size the company’s capital structure by converting more than $1.1 billion in debt to equity, and infuse $100 million in new capital, strengthening the company’s financial position. … [Read more...]
Ruby Hotels reveals first project in Hungary
Reading Time: < 1 minute Hungary: Luxury boutique brand Ruby Hotels will open its first property in Hungary, located within the Corvin Palace department store in Budapest. Corvin Palace, a department store and listed building from 1926, is located at Blaha Lujza Square. The mixed-use conversion will feature a Ruby Hotel with 181 rooms alongside retail and F&B outlets. The hotel … [Read more...]
Jonas Hospitality, a Portfolio of Vertus Group, Welcomes Financial Software Leader, Aptech, Giving the Jonas Hospitality Unified Platform a Comprehensive and Holistic Solution Set with Front& and Back&of&House Offerings
Jonas Hospitality, a family of hospitality technology brands under Vertus Group, is excited to announce its acquisition of Aptech. Aptech is a pioneer of financial software technology specifically built for the hospitality industry, which has been delivering innovative solutions for over 50 years. Appeared first on: hotelnewsresource.com … [Read more...]
Hospitality Leaders Evaluate AI Impact on Industry at HSMAI Europe's Think Tank
The discussion, guided by AI expert Terry Jones, revolved around threats, risks, challenges, and opportunities presented by AI to the hospitality sector. Appeared first on: hotelnewsresource.com … [Read more...]
The Messy Middle: Embracing the Challenges of Progress
Have you ever started a project or embarked on a journey brimming with enthusiasm and excitement, only to find yourself struggling midway through? Appeared first on: hotelnewsresource.com … [Read more...]
Athens Welcomes First Hilton Garden Inn on Syggrou Avenue
Hilton Garden Inn has officially opened its first hotel in Greece, located in the heart of Athens on Syggrou Avenue. Appeared first on: hotelnewsresource.com … [Read more...]
How to Increase Direct Bookings Through Google’s Hotel Search Platform
Major Online Travel Agencies like Booking.com and Expedia are essential for gaining online visibility in today’s competitive hospitality industry. But, are you losing large chunks of revenue to OTA commission fees? Appeared first on: hotelnewsresource.com … [Read more...]
Alister Square Inn in Port Aransas, Texas Sold
On January 15, 2025, HVS Brokerage & Advisory announced the sale of the Alister Square Inn, a 50&room hotel in Port Aransas, Texas. Appeared first on: hotelnewsresource.com … [Read more...]
Crestline Assumes Management of Five Senses Hospitality Portfolio
FAIRFAX, Virginia—Crestline Hotels & Resorts LLC announced it has assumed management of Five Senses Hospitality’s portfolio, which includes 13 hotels in three states totaling 1,240 keys. The portfolio builds on Crestline’s presence in Colorado with nine additional properties in the state and expands the company’s geographic presence by adding hotels in Kansas and Arkansas. The company now … [Read more...]
Aimbridge reaches agreement with lenders
Aimbridge Hospitality has entered into a Restructuring Support Agreement (RSA) with overwhelming support from its first and second lien lenders and its existing sponsor that would right-size the company’s capital structure by converting more than $1.1 billion in debt to equity, and infuse $100 million in new capital, significantly strengthening the company’s financial … [Read more...]