RevPAR growth fell to 1.5% between 2018 and 2023 from 3% between 2013 and 2018. Given that year&to&date 2024 RevPAR growth is lower than it was a year ago, this slowdown is more reflective of increasing competition from alternative lodging sources rather than a lagging pandemic recovery.
Appeared first on: hotelnewsresource.com
Hyatt Affiliate Inks Franchise Agreement for New Luxury Hotel in Nara, Japan
The Hotel NEI Nara will be located in the heart of Nara city, near the UNESCO World Heritage Site of Kofuku&ji Temple Appeared first on: hotelnewsresource.com … [Read More...]
Hilton Milwaukee to Undergo Major $40 Million Renovation
According to Michael Evans, the president of Marcus Hotels & Resorts, the renovation will include a complete transformation of guest rooms, the hotel's lobby, and its 34,000 square feet of meeting and event spaces. Appeared first on: hotelnewsresource.com … [Read More...]
IHG Partners with KEC to Develop Over 1,000 New Hotel Rooms in Al Madinah
IHG Hotels & Resorts has partnered with Knowledge Economic City (KEC) Co. to develop two new hotels in Al Madinah, Saudi Arabia. Appeared first on: hotelnewsresource.com … [Read More...]
AHLA Urges Congress to Take Up Legislation That Would Protect Consumers
WASHINGTON—The American Hotel & Lodging Association (AHLA) urged congressional leaders to take up important legislation that would protect consumers from hidden fees in their hotel booking journey before the 118th Congress ends Jan. 3, 2025. In a letter to House and Senate leaders, AHLA President and CEO Rosanna Maietta called on lawmakers to move lodging fee transparency legislation—the … [Read More...]
New Hotel, The Daydrift, Opens Doors in Miami Beach's Collins Park
The Daydrift is located near Miami Beach's cultural and entertainment spots, including the Bass Museum of Art, Miami City Ballet, Miami Beach Convention Center, and Lincoln Road's shops and restaurants. Appeared first on: hotelnewsresource.com … [Read More...]