RevPAR growth fell to 1.5% between 2018 and 2023 from 3% between 2013 and 2018. Given that year&to&date 2024 RevPAR growth is lower than it was a year ago, this slowdown is more reflective of increasing competition from alternative lodging sources rather than a lagging pandemic recovery. Source: hotelnewsresource.com … [Read more...]
MGM Resorts International Revs Up for Spectacular 2024 Las Vegas Grand Prix
MGM Resorts International is going full throttle for the second lap of the Las Vegas Grand Prix featuring a robust roster of activations and events across The Strip designed to entertain fans leading up to and during race weekend. Source: hotelnewsresource.com … [Read more...]
Princess Hotels & Resorts Launches First Jamaican Properties: Princess Senses The Mangrove and Princess Grand Jamaica
Spain&based hotel chain Princess Hotels & Resorts has announced the opening of two all&inclusive luxury resorts, Princess Senses The Mangrove and Princess Grand Jamaica, in Jamaica. Source: hotelnewsresource.com … [Read more...]
The Boardwalk Hotel on Lake Anna by Kasa Officially Opens in Virginia
The boutique lakefront destination, located in Lake Anna, officially opened on October 25, marking a significant milestone in hospitality for Louisa County, Virginia. Source: hotelnewsresource.com … [Read more...]
European Hotels Showcase Diverse Performance in September 2024
Across Europe, the hospitality industry posted moderate growth in Average Daily Rates (+1.8%), and Revenue per Available Room (+1.2%), despite slight fluctuations in certain segments. Source: hotelnewsresource.com … [Read more...]
Hilton Set to Expand Italian Portfolio with Two New Hotels Opening in 2025
Hilton has announced plans to expand its Italian portfolio by adding two new hotels in Rome and Naples. Under the brands DoubleTree by Hilton and Hampton by Hilton, these new properties are expected to be operational by 2025. Source: hotelnewsresource.com … [Read more...]
Davidson Hospitality Group Enters Partnership With Nautic Partners
ATLANTA, Georgia—Davidson Hospitality Group announced that it has entered into a new partnership with Nautic Partners, a middle-market private equity firm. As part of this partnership, Nautic Partners will acquire Davidson Hospitality Group from an affiliate of KSL Capital Partners, LLC, in partnership with Davidson management. Davidson Hospitality Group has over $2 billion in annual revenue … [Read more...]
Davidson Hospitality announces new partnership with Nautic Partners
Hospitality management company Davidson Hospitality Group has entered into a new partnership with Nautic Partners, a middle-market private equity firm that will acquire Davidson from an affiliate of KSL Capital Partners LLC in partnership with Davidson management. Davidson Hospitality Group has more than $2 billion in annual revenue under management and ranks fourth in both gross annual revenue … [Read more...]
Sonesta Executed 30 Franchise Agreements in Q3 2024
NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the execution of 30 new franchise agreements during the third quarter of 2024, representing growth at seven of the company’s 13 brands. “With 30 franchise agreements executed in Q3, Sonesta continues to expand across key markets and strengthen relationships with both existing and new ownership groups,” said Keith Pierce, … [Read more...]
This popular European hiking destination just introduced a tourist fee on some of its trails
From 1 January 2025, non-residents will need to pay to hike over 30 routes in Madeira. Madeira has introduced a new fee for non-residents on some of its most popular hiking trails. The move is part of a push towards sustainable tourism and proceeds will fund conservation efforts. The surcharge currently applies to seven of the most trafficked routes but will be expanded to all … [Read more...]
Driftwood completes renovation of Delta West Palm Beach
Driftwood Hospitality Management (DHM) has completed a multimillion-dollar renovation of Delta Hotels by Marriott West Palm Beach, a 199-key hotel located in South Florida. Formerly a Holiday Inn, the property is owned by Miami-based real estate investment firm Activate Hospitality, with DHM overseeing management operations. Renovations include lobby and restaurant modernization, versatile meeting … [Read more...]
Grand Hyatt Scottsdale Resort Debuts $115M Renovation
Hyatt Hotels Corporation (NYSE: H) is proud to announce Grand Hyatt Scottsdale Resort has completed its highly anticipated $115 million property-wide renovation. The property, formerly known as Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, marks the first Grand Hyatt hotel in Arizona. The newly reimagined luxury resort invites guests to connect with the captivating spirit of the … [Read more...]
Hyatt builds all-inclusive portfolio
Hyatt Hotels & Resorts has agreed a strategic joint venture that will enlarge its portfolio of all-inclusive resorts by almost a third, adding more choice for guests across the Caribbean and in Europe. An agreement with travel conglomerate Grupo Piñero will see 23 new resort properties added to Hyatt’s Inclusive Collection. All but one of the additions currently trade under the Bahia … [Read more...]
U.S. hotel results for week ending Oct. 26
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Oct. 26. Oct. 20-26 (percentage change from comparable week in 2023): Occupancy: 69.0% (+4.5%) ADR:$168.69 (+4.6%) RevPAR: $116.32 (+9.3%) Among the top 25 markets, Tampa saw the largest occupancy lift (+28.1% to 84.2%), due to continued displacement demand from Hurricane Milton. New … [Read more...]
Preferred Hotels & Resorts adds 24 properties
Preferred Hotels & Resorts added 24 new member properties to its global portfolio in the third quarter. “We are pleased to introduce this outstanding group of 24 new members to our global portfolio of luxury independent properties,” said Lindsey Ueberroth, CEO, Preferred Hotels & Resorts. “Expanding the diversity of our global collection, each of these exciting new additions – spanning 14 … [Read more...]
590-Key Princess Grand Jamaica Now Open
Princess Grand Jamaica — Photo by Princess Hotels Princess Grand Jamaica — Photo by Princess Hotels For those traveling with kids, Princess Grand Jamaica is an all-inclusive, family-friendly resort complete with an aquatic park, kids club, teens center, nanny service and robust activities like tennis and water sports to keep everyone thoroughly entertained. Families can travel in style, with a … [Read more...]
Princess Senses The Mangrove Opens in Jamaica
For couples looking for an intimate escape, Princess Senses The Mangrove is an adult-only, all-inclusive resort, with 401 ocean suites and 14 spectacular overwater villas with partial glass floors and infinity pools, each adorned with thoughtfully crafted details, finished balconies and terraces with swim out pool options. For adults who want to add some spice to their trip, Pleasure Suites are … [Read more...]
Relay Hospitality Report 2024
Did you know the number-one hospitality trend among general managers is creating personalized guest experiences? Emerging technology is not here to replace personalization but enhance it. Explore the communication and hospitality trends driving best-in-class guest service in Relay’s first ever Hospitality Report. In the report, you’ll uncover: Five major hospitality trends, according to your … [Read more...]
Assets Group developing Seychelles resort
Operator yet to be announced Due to launch in 2027, the new resort will be located on Assomption in the Aldabra archipelago, a tiny region of the Seychelles. The new project is being spearheaded by Assets Group, a premium development group specialising in luxury hospitality and sustainable development. The resort will include up to 40 villas with beach access, a wellness spa and gym, … [Read more...]
RBH signs dual-branded Hotel Indigo Dundee
Reading Time: < 1 minute UK: Third-party operator RBH Hospitality Management has expanded its portfolio in Scotland with the signing of dual-branded Hotel Indigo and Staybridge Suites Dundee. The property features a 102-room Hotel Indigo and an 85-room Staybridge Suites, along with the Daisy Tasker restaurant and bar Eighteen22. Set on the site of a former textile mill … [Read more...]