HOTELS IN THE U.K ARE REBOUNDING TO PRE-PANDEMIC LEVELS
U.K. hotels are amid a post-pandemic recovery, a Knight Frank study reveals…
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HOTELS IN THE U.K ARE REBOUNDING TO PRE-PANDEMIC LEVELS
U.K. hotels are amid a post-pandemic recovery, a Knight Frank study reveals…
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Minor Hotels reports 120% Q2 profit growth as global travel demand surges
Global RevPar in Q2 grows 21% y-y, led by Thailand with 62% RevPar growth for owned hotels and 85% y-y growth across all Thailand properties.
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WTTC: Capital investment in travel & tourism to reach nearly $1T
The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in travel & tourism investment, overcoming pandemic setbacks and signaling a strong return to growth…
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Park Hotels to raise ₹1,050 cr in 2nd biggest hotel IPO
This IPO is poised to be the second largest in the hotels & resorts sector after Chalet Hotels’ ₹1,641 crore offering in February 2019.
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A focus on the margins: US hotel performance in the first half of 2023
Both the luxury and midscale and economy segments exhibited the greatest year-on-year margin declines.
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How to Buy and Sell Hotel Real Estate?
It’s not on the average person’s to-do list to buy a hotel, or sell one, for that matter - Therefore finding trusted guidance and information on how to buy and sell hotel real estate can be difficult or outdated…
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Germany’s hotel management firm Betterspace raises fresh funds to expand its better.energy product
Ilmenau-based Betterspace, a German software provider for 360° digitisation of the hotel industry, announced on Tuesday that it has secured a seven-figure investment from Round2 Capital. The funding amount has not been disclosed…
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UAE’s hotels are definitely not having a summer slowdown, as occupancy crosses 80%
Hotels record 80%+ occupancy and double in ‘22, while staycations are helping too. The UAE’s hotels are not taking it slow this Summer, with many properties cruising along with 80-85 per cent occupancy levels…
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Galactic Starcruiser: Even just closing the Star Wars hotel costs Disney $2.5 million per room
You think the Star Wars hotel rooms were expensive for you? It cost Disney even more!As if the May announcement of the closure of Galactic Starcruiser — the much-hyped Star Wars hotel at Walt Disney World that dared to ask, “what if you asked fans…
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US president Joe Biden visiting Áras an Uachtaráin in April. The president stayed at the Conrad Dublin during his official visit to the capital…
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Hyatt report RevPAR, rooms growth for Q2
While reporting Hyatt Hotels Corp.’s second quarter 2023 financial results to investors, President and CEO Mark Hoplamazian said he was “very pleased” with the company’s performance…
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Luxury Hotel Group Outlines Road to Total Profit Optimization
The ILHA gathered a group of experts to unpack how hoteliers can turn all their available data into a compelling story that drives profitability.
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Global Hotel Industry Faces Mixed Fortunes Amid Rising Costs and Varied Demand
The global hotel industry is experiencing mixed fortunes as it navigates the post-pandemic landscape…
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Marriott CFO: A soft landing for the economy 'now seems more likely'
From one hotel giant's perch, a hard economic landing at the hands of the inflation-fighting Fed seems off the table once and for all…
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Hotelier makes tax burden plea as he announces closure of the Fleece in Richmond
"Unrelenting, chronic staffing issues and ever-increasing costs" have been blamed for the closure of the Grade II-listed Fleece hotel in Richmond, north Yorkshire.
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Melia Hotels quarterly profit soars as revenue tops pre-pandemic levels
MADRID, July 31 (Reuters) - Spanish chain Melia Hotels International (MEL.MC) on Monday posted a second-quarter consolidated net profit of 46.2 million euros ($50.9 million), up sharply from just 3.7 million euros a year ago, as the global appetite…
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Mandarin Oriental reverses into profit of US$28 mil, driven by recovery of key owned hotels in Asia
Mandarin Oriental M04 -1.79% has recorded an underlying profit of US$28 million ($37.29 million), a reversal from its underlying loss of US$21 million in the same period last year, and more than double in 2019…
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Hilton Had a Very, Very Good Quarter
Hilton is seeing no signs of a slowdown in travel demand. The company said the second quarter was the best booking quarter in its history, reports Senior Hospitality Editor Sean O’Neill.
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