HOTELS - ACCOMMODATION NEWS

The storm clouds of a global recession are still looming large on the horizon. Headlines about the impending downturn bring back memories of 2008. Back then, several quarters of negative economic growth brought uncertainty and turbulence to most business sectors. Hospitality was no exception. But as we may be steering towards rough waters once more, we can draw on lessons from the 2008 downturn … [Read more...]

Are you taking a spring vacation? You won't be alone. Inflation is not deflating travelers' desires to travel for spring break and people are busy planning their next getaways.In fact, data shows that flight searches for March and April travel are up 40 percent, and many people are looking to warm up after a cool winter in tropical locales.ADVERTISINGSome of the most popular spring break trips … [Read more...]

Today's users require reliable and efficient network connections in order to meet their diverse needs. 2.14.2023 Nomadix® Inc​., a technology leader in the hospitality and multi-tenant industries, today announced partnership with RN Projects, a leading multi-regional network system integrator. RN Projects specializes in the design and delivery of complex data networks into existing businesses … [Read more...]

The resort is scheduled to open in April 2023, and travel advisors can win a free stay. Source: travelpulse.com … [Read more...]

Mitesh Patel (Left) and Jonathan Bogatay (Right) Just four years after arriving in the United States from India with their parents, brothers Rinkesh and Mitesh (Matt) Patel purchased their first hotel—the Days Inn in Phenix City, Alabama—operating the property under RAM Hotels. Over the past two decades, the co-founders grew their portfolio of owned and managed hotels to encompass 26 … [Read more...]

MGallery Hotel Collection today announced the launch of Stories that Stay, a brand campaign that celebrates the fascinating and singular stories of some of its properties. In addition to the new campaign, the brand has kicked off 2023 with a portfolio of more than 170 hotels either open or in varying stages of development, a new chief executive officer, and plans to add at least a dozen new hotels … [Read more...]

High inflation levels far above the Fed Reserve’s target of 2% and the consequent tightening of monetary policy, which has been hiked eight times during January 2022 to February 2023, will continue to dampen the household spending and investments in the US, which will negatively impact the economic growth prospects. Source: hotelnewsresource.com … [Read more...]

Following the Handoff in Arizona, Las Vegas Unveiled the Larger-than-Life 'Super Ball', featuring the newly released Super Bowl LVIII logo. Source: hotelnewsresource.com … [Read more...]

Sector’s GDP contribution to London’s economy tripled in the last year - Paris’s Travel & Tourism GDP contribution has almost recovered to pre-pandemic levels Source: hotelnewsresource.com … [Read more...]

Abu Dhabi’s hotel occupancy remained roughly 5 percentage points lower than pre-pandemic levels, while average daily rate (ADR) and revenue per available room (RevPAR) far exceeded recent comparables for the month, according to preliminary January 2023 data from STR. Source: hotelnewsresource.com … [Read more...]

Fourth quarter 2022 comparable systemwide constant dollar RevPAR increased 28.8 percent worldwide, 23.6 percent in the U.S. & Canada, and 45.1 percent in international markets, compared to the 2021 fourth quarter Source: hotelnewsresource.com … [Read more...]

Prior to joining HEI, Murphy was vice president of operations and head of the Sonesta Select brand for Sonesta Hotels where she was responsible for 224 company managed hotels that generated $750 million annually. Source: hotelnewsresource.com … [Read more...]

Housed in a late 19th-century bank, the boutique property is located near the city's top attractions and convention center Source: hotelnewsresource.com … [Read more...]

Global travel technology company OYO’s U.S. operations outpaced the budget hotel segment’s growth in RevPAR with an 18% rise in 2022 versus 2019. The budget hotel segment grew by only 6% in the U.S., according to STR reports. OYO has seen significant growth in its priority markets of Miami, Houston and Phoenix, where it has sizable concentration of hotels, the company reports. According to STR … [Read more...]

Hotel management company Crescent Hotels & Resorts, has added The Marker hotel in San Francisco to its portfolio of more than 100 hotels and resorts in the U.S and Canada. The hotel joins the company’s Latitudes: Lifestyles by Crescent platform of lifestyle hotels and resorts. The Marker, which debuted as the Bellevue Hotel in 1910 and is located close to Union Square, features 208 … [Read more...]

The Westin Atlanta Gwinnett, a new hotel located on the campus of the Gas South District near Duluth, Georgia, last week celebrated its official topping off. A significant milestone, the 11-story, 348-room hotel is on track for a grand opening in the spring of 2024. Source: hotelnewsresource.com … [Read more...]

The market’s ADR level surpassed the pre-pandemic comparable from 2019 (+18.5%), while occupancy and revenue per available room (RevPAR) remained off the pace by 17.7% and 2.5%, respectively. Source: hotelnewsresource.com … [Read more...]

Four Seasons Hotel Taipei will be located in the Xinyi District, directly opposite to Taipei 101, one of the most iconic skyscrapers in Asia and one of the tallest towers in the world. Source: hotelnewsresource.com … [Read more...]

JLL’s Hotels & Hospitality Group has closed the sale of the Element Basalt Aspen, a 113-key extended-stay hotel in Basalt near Aspen, CO. JLL represented the seller, Silverwest Hotels LLC, and its partners and procured the buyer. JLL also secured acquisition financing for the buyer. Element Basalt Aspen offers contemporary guestrooms with views of the surrounding mountains. The four-story … [Read more...]

The market’s January ADR level was 21.5% above the pre-pandemic comparable from 2019, while occupancy and RevPAR remained below the 2019 comparables by 19.7% and 2.4%, respectively. Source: hotelnewsresource.com … [Read more...]