Chinese investors are eyeing local hotel investment opportunities to continue expanding the market while Beijing continues to restrict overseas investment, according to David Marriott from JLL's hotels and hospitality division in China.
China's first Atlantis Resort has opened on Hainan Island, featuring the Ambassador Lagoon, the world's largest open-air aquarium.
When Osram opened its $440 million Malaysian LED chip factory late last year, it touted a belief that LEDs will serve many purposes in a digitally connected world, not just illumination.
Fortune has released its 21st annual list of 100 Best Companies to Work For. There are five hotel companies on the list: Kimpton Hotels & Restaurants (No. 6), Hyatt (No. 9), Hilton Worldwide (No. 33), Marriott International (No. 35), and Four Seasons Hotels and Resorts (No. 99).
Wyndham Rewards, Wyndham Hotel Group's guest loyalty program, unveiled the addition of the AmericInn brand and its more than 200 midscale hotels to the program’s portfolio of more than 25,000 hotels, condos and homes worldwide.
The Ritz-Carlton, Half Moon Bay in Half Moon Bay, Calif., debuted the resort’s newly renovated and reconcepted oceanfront restaurant.
In line with Europe's "surging" economic recovery, Lodging Econometrics' most recent Hotel Construction Pipeline Trend Report for Europe said that the region's total pipeline is "booming" with 1,316 hotel projects and 205,650 rooms, up 22 percent by projects year-over-year.
A few weeks after Technomic’s report that overall consumer spending at hotel food-and-beverage outlets increased 4.9 percent in 2017.
The company announced plans Thursday to invest $1 billion into the purchase of a three-hotel portfolio of Hyatt Hotels Corporation-branded hotels.
U.S. hoteliers enjoyed increases in each of the three key performance metrics for the week ending 17 February, according to data from HNN’s parent company STR.
U.S.-based hotel chain Magnuson Hotels is hosting a competition that will let five hotels in the UK rebrand as Magnuson properties without paying the 5-percent membership for the first year.
Following a $35 million renovation, Honolulu's Queen Kapi‘olani Hotel is set to relaunch this summer.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR.
In hotel industry jargon, other operated departments are frequently referred to as minor operated departments.
Saudi Arabia's pipeline has more than 64,000 guestrooms in development, according to the latest numbers from STR.
The U.S. hotel industry reported positive results in the three key performance metrics during January 2018, according to data from STR.
For most hoteliers opening a new property, getting the word out and ramping up are their biggest concerns in the first few months after the doors open.
Robert Shepherd, IHG’s chief development officer for Europe, Middle East, Africa and Asia West, has good reason to be optimistic about 2018.
As several markets in the Middle East tackle supply growth and stagnant average daily rate, sources said there is real concern that online travel agencies will take the bull by the horns and grab a larger share of profits.
Private equity firm Blackstone Group sold New York City's Waldorf Astoria hotel to Anbang Insurance Group back in 2014 for close to $2 billion, ushering in the era of major Chinese investment in U.S. real estate assets.
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