While there have been many debt&related concerns in an era of high interest rates and limited availability, a panel of experts said the top issue driving distress in the hotel industry is still inefficient and ineffective operations.
Source: hotelnewsresource.com
Mohari, Weller Development forge strategic alliance
Mohari Hospitality and Weller Development Partners have forged a strategic partnership that will unlock new opportunities for growth for both companies in the luxury hospitality sector in key markets throughout North America and the Caribbean. Mohari’s programmatic investment will not only bolster Weller’s existing investments, including Six Senses Napa and Six Senses Grand Bahama, but will also … [Read More...]
Rentyl Resorts and Davidson Partner on Condo Project With Embassy Suites
KISSIMMEE, Florida—Rentyl Resorts and Davidson Hospitality Group have partnered on a condominium project with Embassy Suites. Embassy Suites by Hilton Orlando Sunset Walk is a five-building condominium project developed by Sunset Walk Residences, LLC. Rentyl and Davidson will be responsible for the onsite management, sales, marketing, revenue, and call center management of the units. Located in … [Read More...]
Hyatt to expand in Latin America and Caribbean with over 30 openings
Properties marking Hyatt’s entrance to new and exciting destinations for the brand include a coastal resort in Paracas, Peru and a hotel in the wine region of Ensenada, Mexico. Portfolio growth This regional growth of the Hyatt brand will also see the expansion of Hyatt’s Inclusive Collection and mark the Latin America and the Caribbean debut of the Destination by Hyatt brand. These plans promise … [Read More...]
SO/ to debut in Hungary in 2026
Hungary: Lifestyle hospitality group Ennismore will expand its SO/ brand to Hungary, signing a property in Budapest scheduled to launch in 2026. SO/ Budapest will be repositioned from the former Sofitel Budapest Chain Bridge, located on the city’s Pest Bank. Following an exterior and interior refurbishment, the completed SO/ property will feature 350 rooms, including 56 suites and two … [Read More...]
Barcelo plans openings and upgrades after positive 2023
During 2023, the group opened 25 new hotels and resorts, as its revenues grew 20% off the back of strong improvements in occupancy and room rates. Its portfolio now extends to more than 300 hotels across 30 country markets. “In 2023, Barceló Hotel Group experienced incredible success across our global portfolio,” reported Joes Canals, Barcelo’s director for Middle East, Asia, Mediterranean and … [Read More...]
Ryanair announces profit jump and predicts cheaper-than-expected summer fares
Yearly earnings for the budget airline are at a record level despite rises in fuel prices, higher staffing costs and delivery delays. Ryanair has revealed an after-tax profit of €1.92 billion in the year to March, an annual jump of 34%.The total surpasses the previous annual record of €1.45 billion, made in the year to March 2018, and sits ahead of the €1.905 billion predicted by company … [Read More...]
Spark by Hilton Set to Make European Debut in the UK
Spark by Hilton London Romford set to open in the coming weeks. Hilton (NYSE: HLT) today announced the European debut of its industry-disrupting premium economy brand Spark by Hilton, with the signing of Spark by Hilton London Romford. Set to open in the coming weeks, the 125-room property, signed as part of a franchise agreement with Romford South Ltd., marks Hilton's entry into the premium … [Read More...]
IHG expands premium portfolio in India
Leading hotel company IHG Hotels & Resorts has announced the signing of a management agreement with IVY Hotels & Resorts to bring the first Crowne Plaza hotel to Uttarakhand. Scheduled to open in April 2028, Crowne Plaza Dehradun Rajpur Road hotel will add 110 keys to IHG’s portfolio in the state and build on IHG’s commitment to expand its portfolio in well-known leisure destinations … [Read More...]
IHG Partners with Kajima Corporation to Open ANA Holiday Inn Resort Karuizawa
IHG Hotels & Resorts has inked its inaugural management contract in Japan with Kajima Corporation, marking a significant stride in their mutual development partnership. Set to debut in 2025, ANA Holiday Inn Resort Karuizawa will offer 100 guest rooms, 2 pet-friendly villas, and an array of facilities, including a restaurant, natural hot spring, gym, and … [Read More...]
Hotel brands look to opportunity in South Korea
A strong rebound in the tourism sector in South Korea is encouraging more international hotel brand groups to look at developing properties in the country, and specifically to ensure they have a presence in the capital, Seoul. The country’s foreign visitor numbers grew substantially prior to the pandemic, until they were hit first by tensions rising with China, and then by international travel … [Read More...]