In this article, Cloudbeds compiled 36 ideas to help lodging operators enhance the guest experience and keep travelers coming back time and time again. Source: hotelnewsresource.com … [Read more...]
Hilton Expands Franchise Model in Greater China to Include DoubleTree by Hilton Brand
Hilton's expanded franchise proposition unveils 19 new projects across the Hilton Garden Inn and DoubleTree by Hilton brands, further strengthening its presence in Greater China where one in three hotel rooms under construction bears a Hilton flag Source: hotelnewsresource.com … [Read more...]
HFTP Accepting Proposals for 2024 HITEC North America Education Program
Empower the future of hospitality technology and present on the industry’s grandest stage, submissions accepted through January 10, 2024 Source: hotelnewsresource.com … [Read more...]
ABTA Releases New UK Guidance for Members on Greenwashing and Environmental Claims
ABTA – The Travel Association has published new guidance for members which gives an overview of the legal framework that businesses need to work within when they market and advertise their environmental credentials, with advice on how to avoid greenwashing. Source: hotelnewsresource.com … [Read more...]
Accor Reports Third-Quarter 2023 Revenue of 1,286 Million Up 13% Like-for-like
RevPAR up 15% Compared With Q3 2022 - Upgraded Revpar Growth Guidance For 2023 - EBITDA Expected to Improve At Between €955 Million and €985 Million Source: hotelnewsresource.com … [Read more...]
Webcast Invitation: Cybercrime in Hospitality: The Wake-up Call and Defense Strategies
Want to stay ahead of the latest trends in the cybersecurity industry? Join BirchStreet's GM of Payments Kris Herrin and cyber security professional, Rod Kaleho, on October 31st, 2023 at 11:30 AM ET. Source: hotelnewsresource.com … [Read more...]
Stuart Dickie Named Chief Financial Officer and Member of the Management Board for Kempinski Hotels
A British National, Stuart is a chartered accountant, a member of the Association of Corporate Treasurers and has a BA in Business Studies from Sheffield Hallam University. Source: hotelnewsresource.com … [Read more...]
Is the Annual Budget Process Still a Necessary Evil for Hotels? – By Kathrin Cockhill
For hotels, the annual budget process is like a high-stakes poker game in which the owners keep their cards close to their chest and the operators try to guess what cards they’re holding and if they’re bluffing. By the time everyone shows their hands and the year kicks in, the game has often changed significantly, and all bets are off. Source: hotelnewsresource.com … [Read more...]
Wyndham Hotels & Resorts Reports Third Quarter 2023 Results
The Company generated net income of $103 million, or $1.21 per diluted share, compared to $101 million, or $1.13 per diluted share, in third quarter 2022. Source: hotelnewsresource.com … [Read more...]
The Ritz-Carlton Commissions Travel Poster Series by Artist Louis-Nicolas Darbon, Including Signed Portrait by Sir Lewis Hamilton and George Russell
All sales of the exclusive art series will go directly to Sutton Trust through The Ritz-Carlton Community Footprints Fund Source: hotelnewsresource.com … [Read more...]
Choice Hotels Calls on Wyndham Hotels & Resorts to Engage in Discussions
Choice Sees a Clear Path to Completion and Remains Committed to the Transaction - Strongly Urges Wyndham to Return to the Negotiating Table Source: hotelnewsresource.com … [Read more...]
U.S. Hotel Performance for Week Ending 21st October
U.S. hotel performance increased from the previous week and showed improved year-over-year comparisons, according to CoStar’s latest data through 21 October. Source: hotelnewsresource.com … [Read more...]
Travel Outlooks Annette, The Virtual Hotel Agent Revolutionizes the Caller Experience at Camelback Resort
Travel Outlook's revolutionary technology is assisting Camelback Resort answer significant front desk call volume. Source: hotelnewsresource.com … [Read more...]
Maestro Seeing Growth in the U.K. Hotel Market Due to All-In-One PMS, Unified Guest Experiences
The web browser based cloud and on-premises all-in-one property-management system for independent hotels is bringing a mature, stable, and proven property-management system with advanced, flexible technology to hotels across Europe’s northwest mainland Source: hotelnewsresource.com … [Read more...]
Suba Group Of Hotels Partners with Quoality
Suba Group of Hotels Sets New Hospitality Standards by Partnering with Quoality. Source: hotelnewsresource.com … [Read more...]
An Open Letter to the Global Hotel Industry
The following is an excerpt from an open letter to the global hotel industry, from SiteMinder’s CEO and Managing Director, Sankar Narayan. Source: hotelnewsresource.com … [Read more...]
Bain Capital and Smith Hill Capital Form Join Venture
BOSTON and NEW YORK—Bain Capital Special Situations and Smith Hill Capital, an affiliate of Procaccianti Companies, announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector. The platform launches with the objective of deploying $1 billion of gross capital over the next several years. The … [Read more...]
Wyndham reports record-high pipeline
Wyndham Hotels & Resorts, for the third quarter ended Sept. 30, reported a record-high development pipeline of 1,930 hotels. Global RevPAR grew 3% for Q3 compared to the same period last year. “We recently announced our board of directors unanimously rejected an unsolicited stock-and-cash proposal by Choice Hotels to acquire our company,” said Geoff Ballotti, president/CEO. “Our board of … [Read more...]
Choice calls on Wyndham to engage in discussions; Wyndham responds
In its ongoing attempt to purchase Wyndham Hotels & Resorts Inc., Choice Hotels International Inc., has called upon the board of directors of Wyndham to engage in good faith discussions so that shareholders of both companies can benefit from the compelling combination. Wyndham continues to reject Choice’s transaction ovations. Patrick Pacious, president/CEO, Choice, said, “We appreciate … [Read more...]
Germany will get a new airline in 2024: Where it’ll fly and why unions aren’t happy
The regional carrier will operate from the Munich and Frankfurt airports where many of Lufthansa’s long-haul flights depart. One of Europe’s leading air carriers is launching a new airline for short-haul operations on the continent.Lufthansa, Germany’s flagship airline and Europe’s biggest airline group, says the new fleet will help reduce costs.“The new company City Airlines will begin … [Read more...]