Hospitality Industry News
1Although coming off a low base, Chinese investment is increasing in the Australian hotel sector with the country becoming the fifth largest investor in 2014. CBRE Hotels in Australia director of strategic hotels Oscar Westerlund said first time investors had growing interest in the sector, the South China Morning Post.
Hospitality Industry News
1Hilton Worldwide, operator of 10 brands including Conrad and Doubletree by Hilton, is set to launch a new brand ?in the not too distant future,? president and CEO Chris Nassetta has told Hotelier Middle East. ?We are working on some ideas. We will likely do something in the lifestyle space
Hospitality Industry News
1 With just weeks to go until Memorial Day, summer travel is starting to be on peoples? minds, particularly after this year?s interminable winter. As travelers are gearing up to get away, rental website Airbnb revealed its top ten summer destinations in the U.S., or the regions where
Hospitality Industry News
1 Manhattan was the most active hotel investment market nationally in 2013, with total hotel transaction volume of $1.8 billion in 2013, Manhattan liquidity outranked that of Oahu Island, San Francisco, Los Angeles, Boston and? Washington, DC. Transaction volume in Manhattan is expected to range from $2.7 to
Hospitality Industry News
1Ivanho? Cambridge completed the sale of an 18-hotel portfolio to Apollo European Principal Finance Fund II, an investment fund affiliated with American private equity firm Apollo Global Management. The Montreal Gazette revealed that, while the terms of the deal were not disclosed,?1. Eleven of the hotels are in
Hospitality Industry News
1 MAITLAND, Fla.,?May 1, 2014?/PRNewswire/ — Just in time for?Memorial Day?weekend,?1, a leading provider of U.S. travel deals, announced its?Top 10 Summer Hot Spots for Budget Travelers?with fun and free activities in each location. “Our goal is to help consumers get the most
Hospitality Industry News
1 ABU DHABI: Tourism is set to get a boost in India as the Government of India has decided to grant long-term, multiple entry visas to people who wish to visit the country for tourism, business or medical treatment. The Embassy of India in Abu Dhabi announced on Wednesday
Hospitality Industry News
1Talking with CNBC?s Simon Hobbs, President and CEO Arne Sorenson says Revenue Per Available room is up 6 percent across the United States, just as the company celebrates the opening of?its 4000th?hotel. Click 1 to watch more.
Hospitality Industry News
1Customers are definitely the most important stakeholders in hotel business. If your hotel does not offer quality services to its customers they will find an alternative hotel that serves them well and in due time you may have to close down due to lack of customers. Here are 11 viable
Hospitality Industry News
1 After the Thompson Hotel founders split from Commune Hotels, they managed to walk away with most of their NYC properties, save for Gild Hall (pictured above) and Smyth Tribeca. The other properties have since been rebranded as Sixty Hotels. But now Commune is working on opening two new hotels
Hospitality Industry News
1 Mamoru Kohda, who scouts the globe for properties for 1?s 1, began looking for a hotel in Singapore in early 2013. Within a year, the property investor and developer had acquired the newly opened Westin in the island-state?s financial district for a record price. ?Singapore?s
Hospitality Industry News
1Hyatt Hotels Corporation says a Hyatt affiliate has entered into a master development agreement with LATAM Hotel Corp. to develop ten Hyatt Place hotels in Central America and Mexico. Additionally, Hyatt affiliates have entered into franchise agreements with LATAM Hotel Corp. for the first five hotels: Hyatt Place Managua in