This collection consists of Marriott Vacation Club branded properties, including those formerly branded as Marriott Vacation Club Pulse, in seven cities with expansion plans that will also include other branded vacation club properties in highly sought after urban areas. Source: hotelnewsresource.com … [Read more...]
Perhentian Marriott Resort & Spa Opens in Malaysia
Marriott Hotels today announced the opening of Perhentian Marriott Resort & Spa on the island of Perhentian Kecil in Terengganu, on the East Coast of Malaysia. Source: hotelnewsresource.com … [Read more...]
Sharp Rise in Labour Costs and Slowing Demand Put Spotlight on Cost Control and Profitability Margins for UK Hotels in 2024
The impact of the increase in the National Living Wage (NLW) on labour costs in 2024 is forecast to hit UK hotels, particularly in the regions. This will put the spotlight once again on the need for top line growth and smarter cost control to maintain or improve profitability. Source: hotelnewsresource.com … [Read more...]
400 Suite Adults Only Hyatt Vivid Grand Island Resort Opens in Cancun, Mexico
The resport is located ten minutes from the famed Cancun hotel zone and adjacent to Dreams Grand Island. Source: hotelnewsresource.com … [Read more...]
HVS Anarock India Hospitality Industry Review March 2024
Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry. Source: hotelnewsresource.com … [Read more...]
How Artificial Intelligence is Redefining Modern Hospitality Procurement
E&procurement has a new ally in AI. Recently introduced generative AI tools, like ChatGPT, have taken the business world by storm. And they have the potential to supercharge e&procurement and potentially even make up for a significant part of the losses that were inevitably incurred by the impact of the last few years. Source: hotelnewsresource.com … [Read more...]
EHL Insights: What is the Hospitality Industry? All Your Questions Answered
Known for being one of the main industries that is easily impacted by external forces, many questions have recently come up regarding the state of hospitality today. What trends are shaping its future? What makes it still one of the world's fastest&growing industries? How can it remain competitive? How to deal with the post&Covid staff shortages? Source: hotelnewsresource.com … [Read more...]
Hilton Grand Vacations Promotes Dan Mathewes to President and Chief Financial Officer
Appoints Dusty Tonkin As EVP, Chief Sales & Marketing Officer Source: hotelnewsresource.com … [Read more...]
3 Ways to Leverage Your Hotel PMS Data for Revenue Management Success
Data is the lifeblood of your business, and as a hotelier, it's what helps you make informed decisions, stay ahead of your competition, and ultimately, drive revenue. Source: hotelnewsresource.com … [Read more...]
Research Finds U.S. Travel in February Rise Above January Levels Due to Seasonal Gain, Yet Falls Below Prior Year Levels
Overall travel demand sees usual seasonal pickup in February, rising above prior month January but falling short of February 2023 levels. Source: hotelnewsresource.com … [Read more...]
Hyatt’s Vivid brand debuts with Cancun resort
Hyatt Hotels Corporation has launched the adults-only Hyatt Vivid brand with the opening of Hyatt Vivid Grand Island in Cancun, Mexico. The newest resort in Hyatt’s Inclusive Collection marks the continued growth of Hyatt’s brand footprint in Mexico with additional openings to follow later this year. “The debut of Hyatt Vivid Grand Island represents an exciting new chapter in the Inclusive … [Read more...]
Proper Hospitality adds Montauk Yacht Club
Proper Hospitality now handles the management and operations of Montauk Yacht Club, a 107-key luxury seaside resort and marina in The Hamptons in New York, owned by Safe Harbor Marinas. Joining The Collective, Proper Hospitality’s roster of independent hotels, the property will also debut a multimillion-dollar renovation, introducing refreshed facilities and a brand new dining experience upon the … [Read more...]
Selina promotes Gadi Hasin to COO
Selina Hospitality Plc, a global lifestyle and experiential hospitality company catering to millennial and Gen Z travelers, has promoted Gadi Hassin to COO and added other new executives. In his new role, Hassin oversees the operational, commercial and financial performance of the company’s hotel portfolio. He joined Selina in 2020 as managing partner of the APAC region. He has 30 years of … [Read more...]
CoralTree debuts vacation rental collection
CoralTree Hospitality has launched the CoralTree Residence Collection, a portfolio of residential resorts and vacation rentals which includes more than 1,100 residences and 26 homeowner associations under management from Hawaii to Colorado. “We are launching the CoralTree Residence Collection because we recognized an opportunity in the market,” said Tom Luersen, president, CoralTree Hospitality. … [Read more...]
New Year, New Rules: What Hoteliers Need to Know for 2024
Hoteliers in 2024 are facing the prospect of three new federal rules that could dramatically impact our industry. The American Hotel & Lodging Association is working to mitigate or overturn these rules. But hoteliers should be taking steps now to prepare for possible changes, which could raise labor costs, make it harder to hire independent contractors, and make franchisors liable for labor … [Read more...]
Monarch Alternative Capital expands debt investment platform
Monarch Alternative Capital LP, an investment firm with approximately $14 billion of assets under management, has continued the expansion of its real estate debt investment platform through recent customized debt financings for the Hotel 48LEX in New York City, Renaissance Las Vegas and Westin Tampa. Monarch is leveraging its experience in commercial real estate debt across primary lending, … [Read more...]
Three ways next-generation EV charging enhances guest experience
By Hooman Shahidi The electric vehicle (EV) market in the U.S. has surged in recent years, and EV sales surpassed one million units in the U.S. for the first time in 2023. The number of rechargeable cars sold is up 50% year-over-year, and experts predict that EVs and plug-in hybrids will likely account for nearly a quarter of all cars on the road in 2024. As adoption rates continue to increase and … [Read more...]
Hyatt grows Asia presence
Hyatt has revealed plans to open eight hotels across India and Southwest Asia in 2024, timing its growth to meet the upturn in post-pandemic travel across the region. The openings will feature its Hyatt Regency, Hyatt Place and Hyatt Centric brands. The group has been building momentum in India, where Hyatt aims to grow the coverage of its lifestyle and luxury brands. It recently opened a hotel in … [Read more...]
Premier Inn Dubai Dragon Mart wins Chinese-Friendly Hotel of the Year Award from Trip.com
Premier Inn Dubai Dragon Mart has been awarded Chinese-Friendly Hotel of the Year 2023 by Trip.com, in recognition of its tailored and extensive offering to Chinese business and leisure travellers to Dubai. Source: breakingtravelnews.com … [Read more...]
HSH pauses for breath
With hotels in Hong Kong, Shanghai and Beijing, the company saw 2023 as a year of recovery, as the Chinese authorities opened up travel after the pandemic, from February. But these three properties are still lagging their performance compared with years prior to the pandemic, due to a lack of international travellers from Western countries. Two hotel projects completed But creating the milestone … [Read more...]