GreenTree Hospitality Group recently announced that it has entered into a Strategic Cooperation and Investment Agreement with the Urban Hotel Group, an owner and operator of hotels and cafes in China.

Hospitality as one of the world’s oldest trades has seen its fair share of evolution and challenges in different eras.

Global channel manager Rentals United has announced an investment of $4.25 million from Stella EOC Capital and Howzat Partners, with existing investors also participating in the round.

Nearly 40% of on-the-books revenue is canceled before arrival, according to a study conducted by D-Edge Hospitality Solutions, the Accor-owned hotel technology group that includes the AvailPro and FastBooking platforms.

As part of a master development agreement Radisson Hospitality AB signed in February with Cyprus-based management company SunnySeeker Hotels, the chain will open the 180-room Radisson Blu Hotel, Nicosia.

According to Indian business news site Mint, global hospitality giant Accor is in talks to invest up to $50 million in Treebo Hotels, an Indian tech-centric budget hospitality company.

The Westin Nashville has promoted Jeff Crabiel, its former executive assistant manager and director of rooms, general manager.

Singapore-based CapitaLand Ltd. has reportedly hired Jones Lang LaSalle to sell London's historic Cavendish hotel for about £250 million ($325 million). CapitaLand bought the 230-room property in 2012 for a reported £158.8 million.

n affiliate of Hyatt Hotels Corp. has entered into a management agreement with Shanghai Xintian Real Estate Co. Ltd.

Among the Top 25 Markets, Boston, Massachusetts, registered the largest increases in each of the three key performance metrics: occupancy (+8.2% to 80.5%), ADR (+8.5% to US$227.08) and RevPAR (+17.4% to US$182.69).

With 70% of hoteliers saying they’ve “fully embraced” mobile, a majority believe it is a “key driver of guest experience and loyalty.”

Energy-saving technology in hotel guestrooms ranges from traditional methods such as LED lights to more advanced solutions.

Some pools at Florida properties under Trump Hotels International have been shut down by health inspectors multiple times over the past year, Quartz reports.

Revenue per available room was down 7.9% to $105.33 in the Middle East, with average daily rate down 8.8% to $148.43 and occupancy up 0.9% to 71% for the quarter.

While it continues to open properties in new markets around the world, India-based hospitality company OYO Hotels & Homes is launching a new experiences division in its home country.

Selina has raised $100 million in fresh financing, the Tel Aviv-based blended hospitality startup said Wednesday.

A majority (81 percent) of consumers would like to receive local experience and hotel upgrade recommendations from their hotels, according to new research.

Marriott is hitting back at Airbnb, which has been expanding its reach into the hotel industry, by rolling out its own home-rental service.

The competition is at an all-time high for hotels to earn guests’ loyalty and many have turned to the latest technology to help them do so, whether it’s Japan’s hotel staffed entirely by robots or the new FlyZoo hotel using facial recognition in lieu of room keys.

KHP Capital Partners closed on $361 million of commitments for its fifth discretionary real estate fund.