Investment volumes in the first quarter of 2024 totalled US$30.5 billion, representing the only region globally to see year-on-year growth
This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024.
CBRE Releases Global Hotel Investor Intentions Survey 2024
HVS Executive Search announces the promotion of Wendy Hollander to Chief Administrative Officer.
Employment and international visitor spend breaks all records
2024 set to be a historic year for the sustainability initiative
Compared to the previous iteration of this study in Q4 2023, overall business confidence for the next 12 months has held steady, with 35% of respondents rating their confidence at an '8' or higher on a 10-point scale.
A summary of European hotel transactions provided by HVS
As reliance on zero and first-party data sources becomes increasingly crucial, proactive adaptation and integration of customer profiles into evolving marketing channels will be essential for maintaining competitiveness in the industry. I discussed this recently with my colleagues on the HSMAI Rising Marketing Leader Council, read on for highlights from our discussion
Despite years of work across the hospitality industry, hotels are still struggling to connect guest data across multiple systems, inhibiting their ability to provide an optimal guest experience. That was one of the key messages during a panel last week at the Highgate Tech Ventures and Independent Lodging Conference's Indie Cultivate event in New York City.
As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
Hospitality technology companies requested to participate by May 15, with subsequent report presented this June.
AC Hotels by Marriot today announced the opening of AC Hotel Chengdu North, which marks the lifestyle brand's debut in Southwest China.
Located on the Jeddah Corniche - a 30km coastal resort area along the Red Sea - the urban resort is steps from the Jeddah Art Promenade, and a short drive from destinations like Al-Balad, a UNESCO Heritage site in the historic part of the city, and The Red Sea Mall
The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come.
First Major Hotel Sale in the Market Since Early 2023 Signals Rebound of Hotel Market Sales
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.
Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice's canals to the Las Vegas desert, gondoliers and all. Today, coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by its $1.5 billion reinvestment project.
In the second article in this three-part series exploring luxury hotels and how a 'sense of place' helps differentiate a luxury hotel and build loyalty, Suzanne Godfrey, consultant and lecturer in luxury and luxury hospitality, examines how the brand's identity can elevate the hotel experience and create a unique sense of place.
The hotel is located in the heart of Shoreditch, close to Old Street Underground station, with easy access to the City, Liverpool Street Station, the new Elizabeth Line, and all the capital's major airports.
Accor participated in the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom's leading industry experts. From 2022 to 2032, the growth rate in the GCC's tourism sector is projected to be 13.6% with a potential market value of 65.5 billion USD.
Spanish hotel group signs first hotel in Laos, increasing presence to seven countries in Asia
Beyond the track, The Olympic Games provide a once-in-a-lifetime opportunity for the host city's hospitality industry to take center stage. As the world's gaze turns to Paris in 2024, we're keeping a close eye on the performance of the city's hotels and short-term rentals.
Surging inbound tourism will help boost Australia's hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.