At the Americas Lodging Investment Summit (ALIS), U.S. and Canadian hotel trade groups announced programs to address a hospitality labor shortage.
STR reported that Europe’s hotel industry saw a significant boost across all key performance metrics during 2017. Occupancy rose 2.4 percent to 71.9 percent, driving a 3.1-percent increase in ADR to €110.51 and a 5.6-percent increase in RevPAR to €79.46.
Ahead of The International Hotel Investment Forum in Berlin, where they are both scheduled to speak, Day and Kett looked at the future of Europe's hotels, and discussed where they expect the big development regions for 2018 to be.
Occupancy in the overall region dropped 1.1 percent to 65 percent. ADR declined 4.5 percent to $164.33 as RevPAR dropped 5.6 percent to $106.89 in response.
Growth in revenue per available room for hotels in the United States has contracted since 2015 after consistently exceeding the rate of inflation for the previous five-year period, according to a recent analysis from Moody’s Investors Service.
Carlson Rezidor Hotel Group is expanding its portfolio in Costa Rica with the country's first Radisson Blu branded hotel.
Recent hotel design has been transfixed on the idea of diminishing the size of guestrooms while expanding public spaces, most notably lobbies and F&B-sprinkled workspaces, according to sources.
The news about Wyndham Worldwide’s planned $1.95-billion acquisition of La Quinta Holdings’ hotel franchise and management businesses is only days old, leaving many questions up in the air.
Dubai Holding subsidiary Jumeirah Group launched a new brand in Zabeel House by Jumeirah.
The first phase of the Ritz-Carlton Reserve at Caroline Bay in Bermuda is scheduled to be completed this summer.
Data from STR, parent company of HNN, shows the Asia/Pacific region reported positive year-over-year hotel performance for November 2017.
Both the broader Indian economy and the country’s hotel industry had an eventful 2017.
As the new CEO for Dubai Holding’s hotels arm Jumeirah Hotels & Resorts, Jose Silva will be responsible for Jumeirah’s international expansion and portfolio growth.
Dublin's meager hotel room stock, totaling 19,000 rooms, shows no signs of significant growth in 2018, according to a Davy report.
Glasgow's private equity manager, Maven Capital Partners, put the city's Hotel Indigo on the market.
Yotel, known for its cabin-style YotelCity and YotelAir brands, is branching out into the extended stay and serviced-apartment sectors, and guests can expect a similar focus on technology, design and cool public areas, according to Yotel’s CEO Hubert Viriot.
At some sustainability-focused hotels, sweating the small stuff makes a big difference.
InterContinental Hotels Group has tapped Leanne Harwood to take over as MD for its Australasia and Japan division.
Oman-based construction company Al Rawahi International is set to lead the construction of an upcoming Ramada hotel in Oman. Al Khaleel Group's Ramada Encore Al Ghubra will be the first of the developer's two-hotel project with Wyndham Hotel Group.
Today, hotels must strike a balance between enticing guests to book directly and maintaining a presence on an array of third-party booking sites.
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