Hotel news

• AI and Human Input: Hospitality Leader Andrew Rubinacci's Shares His Recipe for Revenue Management Success & By Alan Young

  15-05-2024 18:02 via hotelnewsresource.com
  
  When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect & “I was a guinea pig,” he’ll say with a smile. 'I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).' Today, Rubinacci is a well&known name in an industry of hotel revenue and technology experts, bringing over 25 years of commercial leadership experience to the table and a resume that includes a num
  
  Read more

• Understanding Rate Parity and Its Impact on Hotels

  15-05-2024 20:49 via hotelnewsresource.com
  
  Rate parity is a common practice in hotel revenue management. It's also a quite controversial one. The debate around its fairness is ongoing, and in one case, a dispute on its application even had to be resolved by a Supreme Court. In this article, we explore what rate parity is, its pros and cons, and how you can adapt to it successfully.
  
  Read more

• AI and Human Input: Hospitality Leader Andrew Rubinacci Shares His Recipe for Revenue Management Success & By Alan Young

  15-05-2024 20:05 via hotelnewsresource.com
  
  When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect & “I was a guinea pig,” he’ll say with a smile. 'I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).' Today, Rubinacci is a well&known name in an industry of hotel revenue and technology experts, bringing over 25 years of commercial leadership experience to the table and a resume that includes a num
  
  Read more

• Colliers Q1 2024 Canadian Hotel Investment Report

  15-05-2024 20:04 via hotelnewsresource.com
  
  Canadian hotel investment activity totaled approximately $750 million in Q1 2024, up more than twofold from the same period last year with the closing of major portfolio and single asset transactions.
  
  Read more

• Advertisement

• Oracle NetSuite Launches Business Grows Here Event Series to Help Entrepreneurs Succeed

  15-05-2024 20:04 via hotelnewsresource.com
  
  Live events in locations nationwide will showcase the strategies and resources essential for business expansion. Registration is now open for Nashville and St. Louis.
  
  Read more

• Middle Eastearn Hotel Construction Pipeline Rises to 612 Projects/144,222 Rooms at Q1 2024

  15-05-2024 20:04 via hotelnewsresource.com
  The Q1 2024 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals, at Q1, the hotel construction pipeline in the region increased to 612 projects/144,222 rooms, up 5% by projects year&over&year (YOY).
  
  Read more

• Lokesh Kumar Named Vice President of Development Middle East for Minor Hotels

  15-05-2024 20:04 via hotelnewsresource.com
  
  Lokesh joins Minor Hotels from his most recent management consulting role, where he demonstrated his prowess in developing tourism offerings along the 1,600 km Coral Highway from Jezan to NEOM, whilst creating futuristic hotel concepts for the tourism authority in the Kingdom of Saudi Arabia.
  
  Read more

• Silversands Hotel in Grenada Receives US$30 Million Financing Facility

  15-05-2024 20:04 via hotelnewsresource.com
  
  African Export & Import Bank (Afreximbank) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada.
  
  Read more

• Advertisement

• Hotel Marketing Podcast Episode 257 & Most Profitable Marketing Channels for Hotels

  15-05-2024 20:04 via hotelnewsresource.com
  
  There are a near&infinite number of marketing channels vying for your budget, but which ones are worth your limited time and funds? That's the topic today.
  
  Read more

• Commercial Real Estate Lending Market Slows in First Quarter, Showed Signs of Stabilizing

  15-05-2024 19:24 via hotelnewsresource.com
  
  The commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing, according to the latest research from CBRE.
  
  Read more

• Hotel COZi Harbour View in Hong Kong Listed for Sale

  15-05-2024 19:24 via hotelnewsresource.com
  
  Strategically located in Kowloon East CBD2 Kwun Tong, able to capture strong & stable demand from corporates with the rebound of business traveling post COVID&19.
  
  Read more

• Sheraton Princess Kaiulani Hotel Completes Renovation of Ainahau Tower Rooms

  15-05-2024 19:23 via hotelnewsresource.com
  
  Extensive makeover opens with revamped Ainahau Tower and newly introduced Junior Suites
  
  Read more

• The Ever&increasing Role of AI in Hospitality & By Sophiene Ben Marzouk

  15-05-2024 18:44 via hotelnewsresource.com
  
  From boosting security to personalising guest interactions, AI is redefining efficiency and satisfaction in hospitality.
  
  Read more

• Creating Memorable Guest Experiences: Personalization with Storytelling & By Dr Suzanne Godfrey

  15-05-2024 18:44 via hotelnewsresource.com
  
  In the world of hospitality, experiences play a crucial role in creating lasting memories for guests. While everyone may talk about the ideal guest experience, it's essential to recognize that not all experiences are created equal. What truly sets a guest experience apart and makes it unforgettable? Personalization is obviously key.
  
  Read more

• Travelodge Opens Its 600th Hotel at London Oval Cricket Ground

  15-05-2024 18:43 via hotelnewsresource.com
  
  London Oval Cricket Ground Travelodge is a 95&room hotel, developed in partnership with Surrey County Cricket Club.
  
  Read more

• Four Seasons Private Residences Las Vegas Surpasses $400 Million in Sales Ahead of 2026 Debut

  15-05-2024 18:43 via hotelnewsresource.com
  
  Four Seasons Private Residences Las Vegas today announced over $400 million in sales to date and continues to make construction progress ahead of its late 2026 debut. Since launching sales in May of 2023, the building is 45 percent sold.
  
  Read more

• Sydney Hotels Saw Improved Performance in April

  15-05-2024 18:02 via hotelnewsresource.com
  
  Looking ahead, forward occupancy on the books is continuing to run ahead of the 2023 pace for May and June with 53% and 31% booked as of 6 May.
  
  Read more

• Qatar's April Hotel Performance Peaked During Eid Al&Fitr

  15-05-2024 18:02 via hotelnewsresource.com
  
  Qatar saw its highest daily occupancy levels on Thursday, 11 April (90.9%) and Friday, 12 April (91.7%). The country recorded its highest ADR on the same two nights,.
  
  Read more

• Conrad Bahrain Financial Harbour Hotel Opens

  15-05-2024 18:02 via hotelnewsresource.com
  
  Conrad Hotels & Resorts, Hilton's (NYSE:HLT) luxury hotel brand, today announced the opening of Conrad Bahrain Financial Harbour, signifying the debut of the brand in Bahrain.
  
  Read more

• Sporting Events Elevate Madrid Hotel Performance in April

  15-05-2024 18:02 via hotelnewsresource.com
  
  Pushed by the Madrid Open and the UEFA Champions League quarterfinals, Madrid's hotel industry posted double&digit performance growth in April, according to preliminary data from CoStar.
  
  Read more

• Crowne Plaza Resort Nepalgunj to Open 2028 in Nepal

  15-05-2024 18:02 via hotelnewsresource.com
  
  IHG announced the signing of a management agreement with Mansarovar Amusement Park & Resort to develop Crowne Plaza Resort Nepalgunj, Nepal. Scheduled to open in early 2028, the resort will feature over 100 keys and will strengthen the IHG portfolio in the SWA region.
  
  Read more

• Travel and Tourism Sector Deal Activity Down by 13.5% YoY in January & April 2024, According to GlobalData

  15-05-2024 18:02 via hotelnewsresource.com
  Travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity and venture financing deals) during January&April 2024 compared to the announcement of 251 deals during the same period in previous year.
  
  Read more

• AI and Human Input: Hospitality Leader Andrew Rubinacci's Shares His Recipe for Revenue Management Success & By Alan Young

  15-05-2024 16:44 via hotelnewsresource.com
  
  When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect & “I was a guinea pig,” he’ll say with a smile. 'I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).' Today, Rubinacci is a well&known name in an industry of hotel revenue and technology experts, bringing over 25 years of commercial leadership experience to the table and a resume that includes a num
  
  Read more

• Hotel Giant's Ever&Growing Brands & Why So Many, and How Are They Managed?

  14-05-2024 21:16 via hotelnewsresource.com
  
  Hotel Management Network dives into the world of brand proliferation in the hotel industry, exploring the reasons behind the trend and the intricate ownership structures that underpin it.
  
  Read more

• Orlando, FL is the Top Meeting Destinations in the U.S. for 2024

  14-05-2024 20:36 via hotelnewsresource.com
  
  Cvent Announces Top Meeting Destinations and Hotels Worldwide for 2024
  
  Read more

• Understanding the Current State of the U.S. Hotel Transaction Market & By Eric Guerrero and Josh Williams

  14-05-2024 20:36 via hotelnewsresource.com
  
  The hotel transaction market continues to face significant headwinds. Nonetheless, there are still many good deals to be had, and with some patience and strategy, long&term returns may match or even exceed an investor’s expectations. This article examines and compares current transaction data to historical activity.
  
  Read more

• HVS Asia Pacific Hospitality Newsletter & Week Ending 10 May 2024

  14-05-2024 20:36 via hotelnewsresource.com
  
  Weekly Hospitality Industry Asia Pacific News Roundup from HVS
  
  Read more

• JLL Arranges Refinancing for the 218 Key Hyatt Centric Buckhead Atlanta

  14-05-2024 20:36 via hotelnewsresource.com
  
  JLL Capital Markets worked on behalf of Songy Highroads LLC and Hyatt Hotels Corporation in this transaction
  
  Read more

• Home2 Suites by Hilton Huntsville in Huntsville, TX Listed for Sale

  14-05-2024 20:36 via hotelnewsresource.com
  
  HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 90&key Home2 Suites by Hilton Huntsville, a newly built, extended&stay, limited&service hotel asset in Huntsville, Texas.
  
  Read more

• Forty&five Percent of the Hotel Projects in European Total Hotel Pipeline Are Under Construction at the End of Q1 2024

  14-05-2024 20:36 via hotelnewsresource.com
  As of the first quarter's close, 45% of the hotel projects in Europe's total pipeline are in the under construction stage, standing at 762 projects and 117,815 rooms. Another 411 projects with 60,356 rooms are scheduled to start construction in the next 12 months
  
  Read more

Follow @newslocke_hotel on Twitter!