CBRE is the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the 370-room Decatur Conference Center & Hotel located in Decatur, IL. Source: hotelnewsresource.com … [Read more...]
Restaurant Operators Turn to Tech to Offset High Costs
Look for high-tech ways to take the sting out of increased expense of food and labor Source: hotelnewsresource.com … [Read more...]
HVS Report – The St. Louis Lodging Market's Enduring Recovery – By Daniel P. McCoy and Benjamin Giebler
The St. Louis lodging market was growing when the COVID-19 pandemic struck in March 2020 and derailed its momentum. A healthy recovery ensued in 2021, and by year-end 2022, the city’s hotel performance was back on track. Although headwinds remain, the outlook is positive, as investments throughout St. Louis are paving the way for strength in the hotel market. Source: hotelnewsresource.com … [Read more...]
HVS Report – Las Vegas Casino and Hotel Market Outlook 2023 – By Shannon S. Okada
Las Vegas’s 38.8 million total visitors in 2022 was roughly 91.3% of 2019 levels and only 4.1 million below the peak number of visitors in 2016. Gaming revenue for Clark County in 2022 was $12.8 billion, a new record for the market. Statistics from the Las Vegas Convention and Visitors Authority reflect 43.6 million total occupied room nights for Las Vegas in 2022, 20.6% more than in 2021. … [Read more...]
Margaritaville Beach Resort Ambergris Caye in Belize Opens
This week, Margaritaville Beach Resort Ambergris Caye, Belize officially opened its doors, located just north of San Pedro and steps away from a beach that's home to the second largest coral reef in the world. Source: hotelnewsresource.com … [Read more...]
Weekly Hotel Performance Trends from STR: 4 -11 March 2023
Global hotel occupancy (excluding the U.S.) continued to strengthen against last year’s Omicron comps. The most recent week’s occupancy (64%) improved modestly over the prior week as the spring holiday season begins. On an annual basis, the recent week’s results increased 14.2 ppt YoY. Source: hotelnewsresource.com … [Read more...]
Erin Zitelli-Davis Joins the Sales Team at Lodging Partners
Ms. Zitelli-Davis has worked with hotel developers and operators for over 7 years and specializes in hotel brokerage, site selection and development. She has completed nearly $100 million in lease transactions and has closed over $50 million in land transaction sales. Source: hotelnewsresource.com … [Read more...]
UNWTO Launch Women in Tech Startup Competition: Middle East
UNWTO has launched a new Startup Competition to support women tourism tech entrepreneurs and innovators across the Middle East. Source: hotelnewsresource.com … [Read more...]
Premier Inn to Open Its Second Dublin City Centre Hotel
Located at Gloucester Street South in Dublin 2, the new 113-bedroom Premier Inn is a few minutes' walk from Dublin's world-famous Trinity College, Temple Bar and North Docklands. Source: hotelnewsresource.com … [Read more...]
Travel Startups: Disruption from Withinor Not? – By Giuseppe Genovese
Startups play an essential role in spearheading innovation that benefits consumers, businesses, and industries. But travel startups have been underfunded when compared to startups in other sectors. Looking back over the past 15 years, the travel and tourism industry received around 1 percent of funding for startups across all industries. This relatively low level of investment stands out in … [Read more...]
HVS Europe Hotel Transactions Bulletin Week Ending 10 March 2023
A summary of European hotel transactions provided by HVS Source: hotelnewsresource.com … [Read more...]
The Evolution of Hospitality Sales – By HSMAI's Rising Sales Leaders Council
In 2022, a diverse task force of HSMAI Rising Sales Leader Council members aligned to explore our industry’s most recent evolution. Amidst a major turning point for domestic and international travel rebounding from COVID-19, we aimed to find consistencies, gain understanding, and share real-world experience in the evolution of the sales process. Source: hotelnewsresource.com … [Read more...]
Hyatt to Expand Inclusive Collection in the Caribbean by Nearly 2,000 Rooms
Hyatt Hotels Corporation (NYSE:H) today announced a multi-property collaboration with Be Live Hotels that will include the growth of the Sunscape Resorts & Spas brand in the Caribbean. The deal is expected to expand Hyatt’s Inclusive Collection, which was introduced following Hyatt’s acquisition of Apple Leisure Group in 2021, by nearly 2,000 rooms. Source: hotelnewsresource.com … [Read more...]
134 Room Hyatt Regency San Luis Potosí Hotel Opens in Mexico
Hyatt Regency San Luis Potosí is in the Las Lomas neighborhood, which offers a vast array of fine dining and shopping experiences. The hotel neighbors the city’s historic downtown neighborhood, filled with historical sites such as the city’s cathedral, which displays the baroque style that San Luis Potosí’s capital is known for, dating back to the 1600s. Source: … [Read more...]
Sustainability in The Hospitality Industry: Working Towards 'Travel Without a Footprint' – By Mandeep S Lamba and Dipti Mohan
The hospitality sector has come a long way in adopting sustainable hotel operations and adopting eco-friendly hotel design and construction techniques will be the sector's next big step toward sustainability. Read on to know more. Source: hotelnewsresource.com … [Read more...]
Super 8 by Wyndham in Cedar Rapids, Iowa For Sale
CBRE is the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the Super 8 by Wyndham in Cedar Rapids, IA. Source: hotelnewsresource.com … [Read more...]
Hampton Inn Columbia, Missouri For Sale
Strategically located along Interstate 70 at the Highway 63 interchange, the Hampton Inn commands excellent visibility and accessibility, and is within walking distance to nearly ten restaurants along Clark Lane, which parallels Interstate 70. Source: hotelnewsresource.com … [Read more...]
OpenAI Says New Model GPT-4 is More Creative and Less Likely to Invent Facts
Latest version can take images as inputs and improves upon many of the criticisms users had, but will still ‘hallucinate’ facts Source: hotelnewsresource.com … [Read more...]
TrustYou Awards: Best Rated Hotels in Italy in 2022
The guests have spoken, and based on the analysis of thousands of reviews, these are the best rated Italian hotels in 2022 across four cities: Milan, Rome, Florence, and Venice. Source: hotelnewsresource.com … [Read more...]
Hotel YAC Paris Clichy Opens in Paris As a Member of Radisson Individuals
Radisson Hotel Group announced the opening of Hotel YAC Paris Clichy, a member of Radisson Individuals, the Group’s first Radisson Individuals property in Paris. Source: hotelnewsresource.com … [Read more...]