Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets, according to JLL Hotels & Hospitality Group. A recent example of these transactions includes the sale of the Diplomat Beach Resort in Hollywood, FL, which was the third-largest … [Read more...]
Dual-branded Element/Le Méridien opens in Salt Lake City
Element Hotels and Le Méridien Hotels & Resorts, together with The Ritchie Group and Garn Development, have opened Element Salt Lake City Downtown and Le Méridien Salt Lake City Downtown. The dual-branded property features Element’s 100th global opening and its first in Salt Lake City. It also marks the first Le Méridien in Utah. This first-ever combination of the two brands is managed by Azul … [Read more...]
JLL: Hotel Investors Start 2023 With Record Sales
CHICAGO—Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for assets in growing and desirable markets, according to JLL’s Hotels & Hospitality Group. A recent example of these transactions includes the sale of the Diplomat Beach Resort in Hollywood, Florida, which was the third-largest … [Read more...]
Wyndham reports strong Q4 and ’22 results
Wyndham Hotels & Resorts reported strong results for the fourth quarter and end of the year for 2022, including a 12% year-over-year pipeline increase. Highlights include: Global RevPAR grew 15% compared to fourth quarter 2021 in constant currency, a 300-basis point improvement sequentially, representing 116% of 2019 levels; full-year global RevPAR grew 20% year-over-year in constant … [Read more...]
Hoteliers Respond to Guest Demand for Everyday Wellness by Introducing Healthier and Sleep-Friendly Grab-and-Go Snack Options
Nightfood, Inc. believes the hotel industry has an immediate opportunity to support wellness and better sleep by making sleep-friendly snacks available in lobby marketplaces to satisfy guests’ nighttime cravings. Source: hotelnewsresource.com … [Read more...]
Hotel renovation and conversion activity soars in the U.S.
Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline. At the end of Q4 ’22, there were a total of 1,008 projects/135,492 rooms … [Read more...]
Six Senses pours efforts into US wine country hotel
The IHG Hotels & Resorts brand will be taking over the former Aetna Springs Resort, named after the natural thermal springs discovered in the 1870s, and which thrived until the 1970s as a natural spa destination. Heritage restoration Slated to open in 2026, Six Senses Napa Valley will welcome guests to the western edge of a vast 3,000-acre estate. The existing structures will be sensitively … [Read more...]
U.S. Hotel Transactions Kick-off 2023 with Record-breaking Pricing in Growing Markets
Investors believe long-term growth trends will outweigh near-term capital markets headwinds Source: hotelnewsresource.com … [Read more...]
Atlantis Paradise Island Launches Annual February Sale
Atlantis Paradise Island has launched its annual February Sale, which this year commemorates President’s Day as well as the resort’s 25th anniversary.Guests staying four nights or more can save 20 percent on the best available rate and also receive a daily resort credit of $25 for bookings made between February 16-22, 2023, for travel between April 24-August 31, 2023.ADVERTISING Trending … [Read more...]
Sandals Royal Bahamian Resort Unveils New High-Tech Convention Center
WHY IT RATES: The Nassau resort expands its state-of-the-art meetings facilities and introduces special MICE group booking perks. —Janeen Christoff, TravelPulse Managing EditorExpanding on a recent multimillion-dollar renovation that encapsulated all resort experiential touchpoints, Sandals Royal Bahamian welcomes groups to an all-new convention center featuring state-of-the-art equipment and … [Read more...]
Sandals Royal Bahamian Resort & Offshore Island Unveils New High-Tech Convention Center
WHY IT RATES: The Nassau resort expands its state-of-the-art meetings facilities and introduces special MICE group booking perks. —Janeen Christoff, TravelPulse Managing EditorExpanding on a recent multimillion-dollar renovation that encapsulated all resort experiential touchpoints, Sandals Royal Bahamian welcomes groups to an all-new convention center featuring state-of-the-art equipment and … [Read more...]
John Hall’s Alaska Launches New Commission Structure
John Hall’s Alaska is implementing a new commission structure for travel advisors starting at a 5 percent commission per booking on guests’ fully paid fares.In addition, the family-owned and -operated tour provider is further enhancing partnerships with travel agents with a newly designed incentive program on top of the commission structure.ADVERTISING“We are thrilled to offer our new … [Read more...]
Luxury London group makes it a home city hotel quartet
Maybourne Hotel Group, operator of prestigious London hotels Claridge’s, The Connaught and The Berkeley, has revealed a new addition to the group. The firm’s fourth UK capital site will be The Emory, located in the upmarket area of Knightsbridge, like one of its sister properties. All-suite luxury Set to open in winter 2023, the luxury all-suite hotel will boast 60 rooms set over nine floors, … [Read more...]
Exclusive Collection acquires Ansty Hall
UK: Independent hotel group Exclusive Collection has purchased Ansty Hall in North Warwickshire from Macdonald Hotels. The 62-bedroom property marks the seventh addition to the Exclusive Collection portfolio of country house hotels. It joins Pennyhill Park, South Lodge, The Manor House, Lainston House, Royal Berkshire, and Fanhams Hall. Ansty Hall sits on eight acres of landscaped gardens and … [Read more...]
This European city is making public transport free for citizens from December
Montpellier in southern France is set to introduce free public transport.It will become the largest French metropolis to introduce such a scheme.From 21 December 2023, local residents will be able to utilise a free transport pass across the city’s bus and tram network. The scheme aims to slash emissions, reduce pollution and improve accessibility for the city’s residents.“By introducing free … [Read more...]
Langham Hospitality Group breaks ground on Venice hotel
Italy: Global hotel company Langham Hospitality Group has begun work on The Langham, Venice, which is due to open in 2026. The hotel is set directly on the Venetian laguna on the island of Murano, where the Casino Mocenigo and the Murano glass factory used to stand. The sites will be transformed into a 133-room hotel with an exclusive courtyard garden and a 20-metre pool by Italian architects … [Read more...]
Florida Tourism Numbers Showcase Increased Popularity in the State
Tourism numbers in Florida broke records in 2022 and in the last quarter of the year, according to President and CEO of VISIT FLORIDA, Dana Young, who in an update showcased a 5 percent increase in visitor totals from 2019, far surpassing its recovery from the pandemic. Trending … [Read more...]
FOUR SEASONS HOTEL RIYADH AT KINGDOM CENTRE ACHIEVES FORBES TRAVEL GUIDE’S FIVE STAR AWARD 2023
Four Seasons Hotel Riyadh, has been recognized by the world-renowned Forbes Travel Guide, the only global rating system for luxury hotels, restaurants, and spas, with a prestigious 2023 Five-Star Hotel Award, marking the first year the Hotel, to have been honored with this designation. Source: breakingtravelnews.com … [Read more...]
Hyatt, Wyndham Highlight Positive Results for 2022
Hyatt Hotels Corporation and Wyndham Hotels & Resorts reported fourth quarter and full year 2022 financial results.For Hyatt, the hotel giant announced that net income reached $294 million in the fourth quarter and $455 million for the entire year. Adjusted net income was $278 million and $365 million, respectively.ADVERTISINGComparable system-wide RevPAR increased by 34.8 percent in the … [Read more...]
Flight-free travel: The best new European train routes launching in 2023 and 2024
As flight-free travel gains momentum, European train journeys are experiencing a renaissance.Changing the way you travel is one the best ways to reduce your carbon footprint. As an example, flying from London to Paris emits 14 times more CO2 than travelling by train.Luckily, countries across the EU are investing in railways that provide better - and faster - connections than ever before.From … [Read more...]