Tag: development

December 13, 2023

Despite facing a tumultuous few years with a decline in tech jobs, reduced downtown traffic, and rising crime, San Francisco is slowly emerging from the pandemic, during which travel all but froze, costing the city $8 billion. Another factor: Since […]

November 7, 2023

Accor takes another step towards franchise expansion and signs a contract for a new venture in Sorriso, Mato Grosso, Brazil. This will be the ibis Styles brand’s first hotel in the city, scheduled to open in 2027, with an architectural […]

September 27, 2023

Marriott International, Inc. (Nasdaq: MAR) today announced the launch of Four Points Express by Sheraton, designed for the midscale segment. This new brand is a response to growing consumer demand for reliable yet affordable accommodation in Europe, the Middle East […]

September 5, 2023

Pricing Power Lags 2019 While Labor Costs Increase A presentation on inflation’s effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face […]

September 1, 2023

In the dynamic and highly competitive sphere of the hospitality industry, a towering challenge is prevalent for hotel operators: how to increase hotel bookings online through exclusive, direct channels. While third-party mediums like online travel agencies (OTAs) deliver a handy […]

August 31, 2023

Imagine a guest arrives at your hotel, ready to have a memorable stay, and something doesn’t go as expected. What happens when you can’t meet their expectations? The more prepared you and your staff are to handle guest complaints, the […]

August 16, 2023

Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with the groundbreaking of Everhome Suites Fayetteville – Fort Liberty, slated to open Summer 2024. The four-story, 114-room property is being developed in collaboration with HighSide […]

July 19, 2023

HVS Brokerage & Advisory, in cooperation with Eric Vincent Guerrero, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 130-key Marina Inn & Suites Chalmette-New Orleans , a limited-service hotel asset in Chalmette, Louisiana. […]

June 23, 2023

The Greek island of Kefalonia recently celebrated the opening of a new luxury boutique hotel: Eliamos Villas Hotel & Spa. Situated on the isle’s southern shore above a secret cove and private beach, the 12-villa retreat boasts a spa, restaurant, […]

June 9, 2023

IHG Hotels & Resorts (IHG) and Scarlett Hotel Group (SHG) announced the onset of construction of InterContinental San Antonio, a 391-room hotel located on the celebrated San Antonio River Walk at 111 East Pecan Street. Trailbreak Partners, a real estate […]

June 6, 2023

The travel app Hopper launched in 2015, with the bulk of its initial revenue coming from airline ticket sales. A few years later, the company ramped up a travel fintech business—selling consumers algorithmically enabled financial products such as price-freezing capabilities […]

June 2, 2023

Choice Hotels International, Inc. (NYSE: CHH) opened a company record, six WoodSpring Suites hotels during the month of May. These openings, which were led by a dedicated, extended stay team, account for 732 new economy extended stay rooms from coast […]

May 25, 2023

Described as a “restaurant that revolves around a bar,” Shanghai Love Brewing Co. has unveiled a flagship location in Shanghai, China that pays homage to the beer brand’s legacy. The nearly 1,300-square-foot space evokes a nostalgic, retro-inspired flair through design […]

May 25, 2023

1 Hotels is set to bring its first sustainable, nature-driven destination to Europe next month. Located in London’s historic Mayfair neighborhood, the nine-story 1 Hotel Mayfair overlooks Green Park, one of the city’s eight Royal Parks. “We’ve reimagined the traditional […]

May 24, 2023

Innovation and growth are hallmarks of the hospitality industry, two attributes that are reflected in the constant stream of hotel brand launches. Consider the current crop of newcomers such as ULUM, the safari-like offshoot from glamping company Under Canvas that […]

May 23, 2023

Hilton today announced a new extended-stay brand designed to meet the needs of the rapidly expanding $300 billion workforce travel market – the long-stay guest that never stopped traveling, even throughout the pandemic. Through extensive research, Hilton has created a […]

May 15, 2023

Accor, in partnership with Erth Real Estate Company, today announced that it will open three new hotels in Riyadh, Kingdom of Saudi Arabia, as part of a new master planned development project. The forthcoming luxury hospitality community will include a […]

May 8, 2023

Scandic Hotels has appointed Laura Tarkka as new country head of the Group’s operations in Finland as well as a member of Scandic’s Executive Committee. Laura Tarkka is a well-known name within the Finnish business sector and her most recent […]

May 2, 2023

Rotana announced today its entry into the United Kingdom (UK) with the launch of two new properties under its hotel and serviced apartment brand, Centro, Centro New Malden and Centro Kingston. These being the first two properties to launch as […]

May 1, 2023

The U.S. hotel industry posted its second highest occupancy rate of the year at 67.2%. That level was just shy of the 2023 occupancy peak (67.5%), set during the week of 12-18 March. Occupancy jumped 3.0 percentage points (ppts) from […]