HOTELS - ACCOMMODATION NEWS

Rose, an AI bot, uses informal speech to talk about her favorite things around town. She presents herself as a resident, recommending the closest restaurants still taking reservations. Source: hotelnewsresource.com … [Read more...]

Four Seasons Resort Seychelles welcomes General Manager Renan Astolpho, who has spent the past four years developing his career with Four Seasons properties in Dubai. Source: hotelnewsresource.com … [Read more...]

The portfolio includes the 208-key EnVue Autograph Collection Port Imperial and the 164-key Residence Inn Port Imperial. Source: hotelnewsresource.com … [Read more...]

Pebblebrook Hotel Trust (NYSE: PEB) today announced that on February 22, 2023, it closed on the sale of the 151-room The Heathman Hotel in Portland, OR for $45.0 million to a third party. Source: hotelnewsresource.com … [Read more...]

Portfolio Revenue Per Available Room (RevPAR) – Increased 24 percent to $117 compared to the 2021 fourth quarter. Average daily rate (ADR) accelerated 20 percent to $171, and occupancy jumped 3 percent to 69 percent for the 38 comparable hotels owned as of December 31, 2022 Source: hotelnewsresource.com … [Read more...]

Predictably, sanctions and the ban on direct flights between Russia and most of the EU have dramatically reduced Russia’s air connectivity with the rest of the world. However, the Middle East and Turkey, which have not banned flights to and from Russia, have benefitted from a rise in air traffic to them and through them. Source: hotelnewsresource.com … [Read more...]

The study identified barriers and opportunities in growing economic sectors across 13 countries in Sub-Saharan Africa Source: hotelnewsresource.com … [Read more...]

Sustainable Revpar Recovery Above Pre-pandemic Level FY 2023 Group RevPar Expected up Between 5% and 9% LFL YOY Return of Dividend Distribution at €1.05 per Share Source: hotelnewsresource.com … [Read more...]

The top hotel markets in this edition of STR’s U.S. 'bubble' chart update show the persistent staying power of warm, outdoor-oriented markets as well as expected seasonal shifts for the opening months of the year. Source: hotelnewsresource.com … [Read more...]

Perhaps Paris’ soaring trendiness can be partially attributed to the popularity of the Netflix series ‘Emily in Paris’, which depicts a pretty idyllic version of the ancient French capital.But, whatever the reason, the City of Lights has managed to surpass all other European hotspots as the top destination among luxury leisure travelers last year, according to the global travel agency network … [Read more...]

Middle East Finishes the Year Strong with Record-High New Hotel Openings in Q4 2022 Source: hotelnewsresource.com … [Read more...]

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 February. Source: hotelnewsresource.com … [Read more...]

While travel to Europe is steadily recovering from the blow dealt by the COVID-19 pandemic, it will take until 2025 for the continent to reach pre-pandemic levels of international visitors.New data from the European Travel Commission (ETC) shows that by last year, Europe rebounded to 75 percent of its 2019 or pre-pandemic travel volumes. That recovery is expected to continue throughout the coming … [Read more...]

LivAway Suites, a new economy extended-stay hotel brand, has revealed that Robert M. La Forgia is the newest member of its ownership group and board. La Forgia, principal/CEO, Apertor Hospitality, is a 40-year veteran of the hospitality and real estate industries. His background includes a 26-year tenure with Hilton,  where he held a variety of leadership positions including EVP and CFO. He is … [Read more...]

IHG Hotels & Resorts and its partner Polaris, a leading organization in the fight against human trafficking, hosted a forum in Atlanta on Feb. 22 to unveil findings from Polaris’ National Survivor Study (NSS). Survivors of human trafficking shared insights on the conditions that make people vulnerable to trafficking and the barriers to rebuilding their lives. Elected officials and executives … [Read more...]

Pebblebrook Hotel Trust has closed on the sale of the 151-room The Heathman Hotel in Portland, OR, for $45 million to a third party. For the trailing 12 months ended Dec. 31, 2022, the hotel’s net operating income was $1 million, and its hotel EBITDA was $1.2 million. Based on the hotel’s operating performance for 2019, the $45 million sales price reflects a 10.7x EBITDA multiple and an 8.4% net … [Read more...]

According to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in the Middle East is ramping up as investors begin to see opportunity in the region again. New project announcements (NPA) in the region … [Read more...]

Field & Stream Lodge Co, inspired by the American retail brand Field & Stream established in 1871, will be a branded hospitality platform aiming to create modern lodging across the USA. Authentic brand Starwood and AJ Capital believe the new brand’s origins bring authenticity and recognition to a category of generic hotel offerings. The traveller-focused platform will aim to develop … [Read more...]

It’s the February 2023 issue of Hotel Business, and VP Content & Partnerships Christina Trauthwein shares some of the features. There’s a cover story on taking action with diversity, equity and inclusion (DEI) initiatives, as well as a Q+A with Thomas Penny of Donohoe Hospitality Group, a story on sustainably built hotels and an interview with executives at ESA. View this issue The post Hot … [Read more...]

WHY IT RATES: Travel advisors can learn about these faith-based travel options through ETS' fam trip program. --Janeen Christoff, TravelPulse Managing EditorFaith-based travel brand ETS announced its 2024 scheduled departures for Holy Land Catholic Pilgrimages and three all-new travel advisor familiarization trips to experience the Holy Land, Greece or Turkey on selected dates in 2023.The … [Read more...]