Food and beverage is a large part of the hotel experience, and hoteliers do their best to provide guests with unique options and dining experiences, starting with breakfast and extending into the night.
Despite calling it a “relatively low season,” China Lodging Group CEO Jenny Zhang happily shared during the fourth-quarter earnings call that the company achieved 15% revenue-per-available-room growth in the quarter.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 4-10 March 2018, according to data from STR.
Saudi Arabian investor Prince Alwaleed bin Talal has sold his stake in the Four Seasons Hotel Damascus to Samer Foz, a businessman linked to President Bashar al-Assad.
The Amanyari ("peace water," in Sanskrit) will open at the Costa Palmas "resort community" on the Eastern Cape of Mexico's Baja Peninsula in 2020.
Travelers posted 27% more hotel reviews in 2017 than a year earlier, and most of that growth can be attributed to Google.
Hilton is set to open a new hotel in Copenhagen, Denmark through a franchise agreement with BC Hospitality Group. The Hilton Copenhagen City Centre will open in the city center in 2020.
STR tracked 567 individual hotel transactions and 35 portfolio sales in 2017 to produce the Hotel Transaction Almanac, a comprehensive annual report detailing hotel asset trades over the past year in the U.S.
InterContinental Hotels Group has followed through on its plan to buy a luxury brand, agreeing to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash.
The Aruba Marriott Resort & Stellaris Casino completed a property-wide upgrade, including new decor and design in the 411 guest rooms and replacement of bathtubs with standing showers.
Overseas investors drove a 32-percent boost in UK hotel transactions in 2017, pushing transactions to a total of £5.4 billion.
John Kidd, president, COO and CEO of Radisson Hospitality, is convinced the road to growth for his company is by putting owners first and having them understand the company’s newly devised five-year strategic plan.
In 2017, California hotel transactions reached a dollar volume of $6.2 billion, the fourth-highest total since Atlas Hospitality Group has tracked hotel sales in the state.
In London, the luxury Dukes hotel has a "Duchess" floor for women only, one on which the decorations and amenities are more feminine and the only attendants are female.
The Baird/STR Hotel Stock Index closed February at 4,841, down 6.9% from the previous month.
Club Med will continue its global expansion by opening five new hotel resorts per year within the next five years, it said. The company also plans to renovate five of its existing resorts per year.
Marriott International's Autograph Collection Hotels has partnered with owner and developer Andrew Ashcroft to bring the brand to Belize.
STR shows U.S. hotel industry revenue per available room and average daily rate both grew 2% to 4% year over year, despite occupancy being flat to up 2%.
Four- and five-star hotels across Europe achieved a 3.9-percent boost in value last year, according to HVS’ 2018 European Hotel Valuation Index.
Swiss-Belhotel International and Al Salaam International Hotel have signed a deal to open the Swiss-Belinn Muscat in Oman next year.
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