In February, the Baird/STR Hotel Stock Index surpassed both the S&P 500 (-2.6%) and the MSCI US REIT Index (-4.9%).
Source: hotelnewsresource.com
HVS Hotel Market Report & Amsterdam Market Pulse & Full Recovery in Sight & By Maxime Gauthier
A snapshot of the Amsterdam hotel market in 2024 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook. Source: hotelnewsresource.com … [Read More...]
Hilton to Open First Curio Collection by Hilton Property in Thailand at the End of 2024
Located in the heart of Bangkok's prime Sukhumvit shopping district, KROMO, Curio Collection by Hilton marks Hilton's inaugural project with SC Asset Corporation PCL Source: hotelnewsresource.com … [Read More...]
Hilton Garden Inn Townsville to Open 2026 in in North Queensland, Australia
Slated to open in 2026 alongside the Queensland Country Bank Stadium Source: hotelnewsresource.com … [Read More...]
European airports say FaceBoarding will cut security waiting times but is it mandatory?
Airports in Italy are trialling new security and boarding technology that will mean passengers do not have to show their documents to get on a flight.Dubbed ‘FaceBoarding’, the system uses facial recognition technology to allow travellers to pass through security checks and boarding gates rather than showing their passport, ID card or boarding pass.Passengers need to register at kiosks in the … [Read More...]
Compensation Declaration: Why the Growth of Management Company Fees Slowed in 2023
Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic. An analysis performed by CBRE in April 2023 found that total hotel revenue increased by 153 percent from 2020 to 2022, while gross operating profits (GOP) grew by 437 percent. This resulted in a 68 percent increase in … [Read More...]
Copthorne Hotel Aberdeen Celebrates Extensive Refurbishment
Copthorne Hotel Aberdeen, a landmark of hospitality since its inception in 1974, is excited to announce the completion of an extensive refurbishment across all guest rooms and public areas. This marks a pivotal moment in the hotel's storied history, with enhancements designed to position it as a front-runner in luxury accommodations within the region. Comprehensive Upgrades for a Modern Guest … [Read More...]
Mews launches Flexible Financing funding program
Mews has launched the Flexible Financing funding program, which provides hospitality businesses with access to capital, as the number of hoteliers branching out to offer additional amenities for guests has more than doubled in the last year. Flexible Financing is delivered in collaboration with financing provider YouLend, enabling eligible customers to receive funding of up to 1 million euros … [Read More...]
Placemakr expands in Texas with four new properties
Placemakr, a flexible-use hospitality and multi-family operator, will expand across Texas with four new property launches, bringing the company’s total operations to more than 800 units in the state. The expansion includes the acquisition of Placemakr Downtown Austin, formerly named 3Waller, a 259-unit property in downtown Austin, marking the sixth property acquisition for Placemakr. The … [Read More...]
Sonesta opens hotels in Wyoming and Michigan
Sonesta International Hotels Corporation has opened Red Lion Gillette in Gillette, WY, and Sonesta Grand Rapids in Grand Rapids, MI. Red Lion Gillette is a 159-room, select-service value hotel, while Sonesta Grand Rapids Airport is a 183-room upscale property “We are excited to open the first Sonesta hotels in Gillette, WY, and Grand Rapids, MI,” said Norman Leslie, cofounder, Lodging Opportunity … [Read More...]
Knowland: Nashville records highest meetings growth in April
Nashville saw an uptick in meetings and events in April, growing 38% year-over-year (YOY), according to data from Knowland. Las Vegas continued a steady climb with 22.8% YOY growth. This data is sourced from Knowland’s sales intelligence platform and designed to help hoteliers protect and grow their revenue base. Overall meeting volume growth was flat for the industry at a 1.3% increase YOY. The … [Read More...]