HYATT HOTELS CORP. plans to open more than 50 new luxury and lifestyle hotels globally within two years, with Europe projected to see a 52.8 percent increase in luxury hotel... Read More
Author: asiantrader
THE SHIFT IN the Thanksgiving calendar led to lower year-over-year performance for the U.S. hotel industry in the fourth week of November, according to CoStar. Occupancy, RevPAR and ADR all... Read More
INTERNATIONAL TOURISM REACHED 98 percent of pre-pandemic levels in 2019, with approximately 1.1 billion tourists traveling internationally in the first nine months of 2024, according to the United Nations tourism... Read More
ORAVEL STAYS LTD., OYO’s parent firm, and SoftBank Group recently launched their premium hospitality brand, SUNDAY, in the United Kingdom and United Arab Emirates. Meanwhile, OYO’s serviced hotels business saw... Read More
A JOINT VENTURE between U.S. investment firms KKR and The Baupost Group recently acquired 33 Marriott International hotels in the United Kingdom from a subsidiary of the Abu Dhabi Investment... Read More
PEACHTREE GROUP RECENTLY acquired its sixth hotel property structured as a Delaware Statutory Trust, the 90-key Home2 Suites by Hilton St. Augustine in the greater Jacksonville, Florida. This is the... Read More
CHOICE HOTELS INTERNATIONAL announced the 2024 recipients of its “Your Community, Your Choice” grant, donating $75,000 to help hotel owners fund local nonprofits. This year marks the initiative’s fifth anniversary,... Read More
NEXGEN HOTELS RECENTLY acquired the Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest in Tamarac, Florida. Hollywood, Florida-based AD1 Global will manage the 120-room property. Itasca, Illinois-based NexGen is led... Read More
MainStay Suites Chesapeake in Chesapeake, Virginia, is now open. The three-story, 77-room property, owned by Ray Patel, is the first new-construction hotel to feature Choice Hotels’ proprietary “Lobby in a... Read More
MainStay Suites Chesapeake in Chesapeake, Virginia, is now open. The three-story, 77-room property, owned by Ray Patel, is the first new-construction hotel to feature Choice Hotels’ proprietary “Lobby in a... Read More