Travelodge targets UK local authorities in expansion push
Budget hotel brand Travelodge has approached local authorities across the UK as it looks to secure 300 sites for new properties
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Travelodge targets UK local authorities in expansion push
Budget hotel brand Travelodge has approached local authorities across the UK as it looks to secure 300 sites for new properties
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10 minutes with Denis Sorin the Arabian hallmark maker
Denis Sorin, the president of Amsa Hospitality, is more than a hotelier. As an entrepreneur and advocate of Arabian hospitality, he tells us about his vision and aspirations for KSA.
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Hyatt sets sights on further European expansion
Hyatt is to further increase its presence within Europe as part of its expansion into the wider EAME (Europe, Africa and Middle East) region.
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Middle East Registers Record-High Hotel Openings in 4th Quarter
The sheer number of hotel openings in the region indicates that the Middle East is making sure that it has enough capacity to accommodate the growing number of tourists.
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Japan to lure hotel operators to open luxury inns in national parks
Japan will launch a project to encourage global hotel operators to open luxury properties in national parks as early as in 2024, Nikkei has learned, as part of plans to bring in more tourists post-COVID…
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FOR MARRIOTT, A RACE TO THE BOTTOM MEANS PROFIT
Marriott International was high on its fourth-quarter numbers while promulgating its going-low strategy.
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Major hotel franchises companies move forward with construction projects in Europe
In the year-end 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the fourth quarter, Europe’s total construction pipeline stands at 1,711 projects/260,911 rooms…
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BWH Hotel Group is expanding its upscale, chic boutique brand, Aiden, as the brand is set to grow by over 200% in the years ahead with the portfolio doubling in 2023 alone. Highlights of the brand growth include the upcoming launch of Aiden in India…
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‘Timelines for hotel projects in India longer than elsewhere’
IHG expects current infrastructure growth to result in the proliferation of hotels
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First-time Buyers Account for 16% of Global Hotel Investment Volume in 2022 According to JLL
As the world continues to find a new normal post-COVID, consumers have placed heightened importance on travel and experiences, which has accelerated lodging demand, and resulted in RevPAR reaching or exceeding 2019 levels in some markets…
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Hyatt Reports Record Hotel Pipeline of Approximately 117,000 Rooms Worldwide As of Year-end 2022
Hyatt Hotels Corporation shared today that Hyatt is positioned for continued transformative growth in 2023 and beyond with a record pipeline of approximately 117,000 rooms worldwide as of year-end 2022…
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Accor restructures leadership for new set-up
Accor has reorganised its executive leadership roles as part of its move to create two business divisions, with the changes taking effect immediately.
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HILTON ENTERS ECONOMY SEGMENT WITH NEW BRAND SPARK
The Americas Lodging Investment Summit, better known as ALIS, in January, is the first hospitality conference of the new year. It’s also typically a time when lodging companies reveal big announcements, like a new brand…
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Hard Rock says Mirage, and its volcano, will live on into 2023
A guitar-shaped room tower will eventually replace it, but the iconic volcano in front of the Mirage on the Las Vegas Strip is getting a bit of a reprieve…
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European Hotel Leaders Expect More Distressed Sales
What's ahead for hotel investment in Europe? A survey of more than 100 hotel leaders points to both risks and a window for opportunistic acquisitions.
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LE: Europe hotel conversions reach all-time high
According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/258,476 rooms…
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Why hotel investors are opting for upgrades over new builds
Hotel investors are moving away from new developments in light of expensive construction loans and skyrocketing costs for materials and labor.
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BET Co-Founder Expands Hotel Brand Salamander in Pursuit of the New Luxury
Entrepreneur Sheila Johnson has been steadily expanding her luxury hotel empire. Some call her business, which has lately generated buzz, an overnight success that's been 17 years in the making.
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AIMBRIDGE EMEA REPLACES VENERABLE INTERSTATE BRAND
After spending many years as one of the most well-known global third-party management companies, the Interstate Hotels & Resorts brand is being retired by its parent company, Aimbridge Hospitality, and being replaced with the Aimbridge EMEA moniker…
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Spain’s hotel supply is characterized by mid- and upscale hotels. However, the number of higher-end hotels is increasing at a rapid pace, as HVS’ Maria Coll, senior associate, and Sophie Perret, senior director, explain…
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Carina Chorengel on Hyatt's Asia-Pacific expansion plans
Early this year, Hyatt Hotels Corp…
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Radisson Hotel Group Isn’t Finished With Transformative Strategy
Radisson Hotel Group is nearly unrecognizable from the company it was five years ago, thanks to a strategy shift and metabolism boost. Now, turnaround artist and CEO Federico González aims to double the company's footprint by 2025…
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Massive Moon Dubai idea could be the region’s biggest tourism project
Dubai could soon be home to the Middle East’s biggest tourism destination resort, the Dhs18 billion Moon Dubai.
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Income Capitalization Approach – The Gold Standard for Valuing Hotels
According to a recent GlobalData report, 573 deals (including mergers & acquisitions, private equity, and venture financing) were announced in the global travel and tourism (T&T) industry in the first half of 2022, reflecting a 3.1% increase over…
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