Casino Resorts Look to Diversify Asia Growth Beyond Macau
MGM Resorts International and Las Vegas Sands aren’t writing off Macau, but they also aren’t solely focusing on China’s gaming hotspot for growth in Asia.
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Casino Resorts Look to Diversify Asia Growth Beyond Macau
MGM Resorts International and Las Vegas Sands aren’t writing off Macau, but they also aren’t solely focusing on China’s gaming hotspot for growth in Asia.
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Five big questions real estate is asking in 2022
From the speed at which workplaces are changing, to the prospect of further market disruption, 2022 is expected to be another year of transformation.
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Global pipeline projects in early planning stage rise
Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
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Choice Diversifies Extended-Stay Portfolio With “Out of the Box” Conversions
According to Ron Burgett, senior vice president, development, extended stay for Choice Hotels, there continues to be plenty of room for growth in the extended-stay market, which proved to be especially durable during the pandemic, partly because it…
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HYATT ACQUIRES APPLE LEISURE GROUP FOR $2.7B
Hotel giant Hyatt will spend $2.7 billion in cash on acquiring Apple Leisure Group from its private equity ownership.
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BRAZIL’S AZUL MAKES MOVE INTO ELECTRIC AIR TAXIS
Brazilian airline Azul has signed a $1 billion commercial and strategic alliance with Germany-based Lilium, a startup that makes electric vertical take-off and landing (eVTOL) jets to transport people and goods…
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Positive outlook for the hospitality industry
The hotel industry's recovery is accelerating, overcoming the crisis. In the first half of 2021, the stocks of the major hotel groups have recovered and outgrown the indexes…
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Marriott to debut Ritz-Carlton brand in Ningbo
Marriott International is set to bring its luxury Ritz-Carlton brand to Ningbo in China’s eastern Zhejiang province in 2025.
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Multifamily hotel hybrids new option for hoteliers
As the occupancy rates around the country have dropped due to the pandemic, hotel owners and operators are taking a look at new ways that they can fill their rooms…
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World's first space HOTEL to begin construction in low Earth orbit in 2025
Work is due to start on the world's first 'space hotel' in low Earth orbit in 2025 - and it will come equipped with restaurants, a cinema, spa and rooms for 400 people.
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RobertDouglas: Lenders Express Optimism, Anticipate Increase in Hotel Lending Volumes and Values
RobertDouglas conducted its eighth annual lender survey to measure the current state of financing market conditions and to ascertain critical future expectations through the lens of the specialist hospitality lending community…
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A British millionaire has been ordered to demolish the $64 million chateau
British millionaire property developer Patrick Diter and his wife, Monica, wanted to buy a villa in Tuscany…
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Minor Hotels targets China expansion
Bangkok-based hotel owner, operator and investor Minor Hotels has signed a memorandum of understanding with Funyard Hotels and Resorts to its expand its portfolio of hotels in mainland China.
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IHG Hotels & Resorts has revealed planned openings for some of its brands in 2021. Here’s a look:
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A-Rod Among New Breed of Lenders Selectively Looking to Finance Hotel Projects
The hotel investment narrative since March is one of dried-up bank lending, and the only deals getting done are ones that were underway since well before the pandemic began.
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Radisson Collection debuts in Africa
Radisson Hotel Group has added the first property under its premium Radisson Collection brand in Africa.
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Incoming Aimbridge CEO says scale, culture a winning formula
As of January 1, 2021, industry veteran Mike Deitemeyer takes over as president and CEO at Aimbridge Hospitality in the midst of an extended growth phase…
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Horwath HTL Market Report: Portugal Future Outlook & Pipeline
Portugal's hotel, tourism and leisure sectors have been evolving favourably in the recent years with travel & tourism accounting for 16.5% of Portuguese GDP in 2019…
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