Statistics agency INSEE said the 2023 public accounts showed a fiscal shortfall of 5.5% of economic output last year, up from 4.8% the previous year – and significantly more than the government’s target of 4.9%.
France’s public sector budget deficit widened in 2023 by more than the government had planned, according to data released on Tuesday by statistics agency INSEE.More to follow…
Source: euronews.com
Understanding Rate Parity and Its Impact on Hotels
Rate parity is a common practice in hotel revenue management. It's also a quite controversial one. The debate around its fairness is ongoing, and in one case, a dispute on its application even had to be resolved by a Supreme Court. In this article, we explore what rate parity is, its pros and cons, and how you can adapt to it successfully. Source: hotelnewsresource.com … [Read More...]
Hotel Marketing Podcast Episode 257 & Most Profitable Marketing Channels for Hotels
There are a near&infinite number of marketing channels vying for your budget, but which ones are worth your limited time and funds? That's the topic today. Source: hotelnewsresource.com … [Read More...]
Silversands Hotel in Grenada Receives US$30 Million Financing Facility
African Export & Import Bank (Afreximbank) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada. Source: hotelnewsresource.com … [Read More...]
Lokesh Kumar Named Vice President of Development Middle East for Minor Hotels
Lokesh joins Minor Hotels from his most recent management consulting role, where he demonstrated his prowess in developing tourism offerings along the 1,600 km Coral Highway from Jezan to NEOM, whilst creating futuristic hotel concepts for the tourism authority in the Kingdom of Saudi Arabia. Source: hotelnewsresource.com … [Read More...]
Oracle NetSuite Launches Business Grows Here Event Series to Help Entrepreneurs Succeed
Live events in locations nationwide will showcase the strategies and resources essential for business expansion. Registration is now open for Nashville and St. Louis. Source: hotelnewsresource.com … [Read More...]
Colliers Q1 2024 Canadian Hotel Investment Report
Canadian hotel investment activity totaled approximately $750 million in Q1 2024, up more than twofold from the same period last year with the closing of major portfolio and single asset transactions. Source: hotelnewsresource.com … [Read More...]
Sheraton Princess Kaiulani Hotel Completes Renovation of Ainahau Tower Rooms
Extensive makeover opens with revamped Ainahau Tower and newly introduced Junior Suites Source: hotelnewsresource.com … [Read More...]
Hotel COZi Harbour View in Hong Kong Listed for Sale
Strategically located in Kowloon East CBD2 Kwun Tong, able to capture strong & stable demand from corporates with the rebound of business traveling post COVID&19. Source: hotelnewsresource.com … [Read More...]
Commercial Real Estate Lending Market Slows in First Quarter, Showed Signs of Stabilizing
The commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing, according to the latest research from CBRE. Source: hotelnewsresource.com … [Read More...]
Four Seasons Private Residences Las Vegas Surpasses $400 Million in Sales Ahead of 2026 Debut
Four Seasons Private Residences Las Vegas today announced over $400 million in sales to date and continues to make construction progress ahead of its late 2026 debut. Since launching sales in May of 2023, the building is 45 percent sold. Source: hotelnewsresource.com … [Read More...]