Author - FALLZ HOTELS™

Rosewood Hotels & Resorts to Unveil Ultra-Luxury Resort on Private Island in Exuma, Bahamas

Rosewood Hotels & Resorts, in partnership with Yntegra Group, will open a 33-suite luxury resort on East Sampson Cay, a private island in the Exuma archipelago, Bahamas. The eco-conscious development will feature solar-powered energy, six dining venues, a 20,000 square-foot spa, and two marinas. Rosewood Exuma is set to open in 2028, offering a next-generation luxury experience in this pristine Caribbean paradise.

Category: More InfoComments: 0

Singapore: CapitaLand Ascott Trust Secures S$165 Million Sustainability-Linked Loan from OCBC

CapitaLand Ascott Trust (CLAS) has secured a S$165 million loan from OCBC Bank, aimed at supporting its carbon reduction targets. This financing, part of OCBC's 1.5°C loan program, incentivizes companies to align with net-zero pathways by offering interest rate reductions for meeting sustainability goals.

Category: More InfoComments: 0

Wake-Up to Change: Hotel Marcel’s Climate Call Initiative

Hotel Marcel in New Haven introduces an innovative "Climate Wake-Up Call," where guests can start their day with messages from climate change experts, promoting sustainability and environmental awareness.

Category: More InfoComments: 0

Countries Issue Warnings Amid UK Unrest and Anti-Immigration Protests

Seven countries, including India, Australia, and the UAE, have issued travel warnings for their citizens amid rising anti-immigration protests in the UK. The unrest, sparked by misinformation following a tragic incident in Southport, has led to violent riots targeting immigration centers and hotels housing migrants. The UK government has vowed swift action against rioters, with over 400 arrests made. Concerns are growing about the impact on sectors like hospitality and housing as the situation escalates.

Category: More InfoComments: 0

UK City Hotels Lag in EV Charging Facilities

A recent study by Drax Electric Vehicles reveals that just six percent of UK city hotels offer electric vehicle (EV) chargers. Out of over 15,000 hotels in 74 cities, St Davids, Milton Keynes, Central London, and St Albans lead in providing this service. Major cities like Birmingham and Manchester have fewer options, with only four and six percent of their hotels equipped for EVs, respectively. The report highlights a significant gap in infrastructure and suggests that investing in EV chargers...

Category: More InfoComments: 0

Spain’s Hotel Market Outlook for 2024: Robust Growth and Investment Surge

Spain’s tourism sector surpassed pre-pandemic levels in 2023, with significant growth in both domestic and international visitors. Hotel investment hit €4.2 billion, driven by high-end transactions and international interest. Looking to 2024, the market is set for further expansion, with projected increases in travelers, overnight stays, and revenue per room.

Category: More InfoComments: 0

Portugal’s Hotel Market Outlook for 2024: A Promising Landscape

Portugal's hospitality industry is witnessing an extraordinary resurgence, surpassing pre-pandemic levels and setting new records. In 2022, the country welcomed over 28.4 million tourists, and by 2023, this number had increased to 30 million, contributing to nearly 70 million overnight stays. This influx has significantly boosted the tourism sector's contribution to the nation's GDP, now accounting for almost 16%, the third highest in the European Union. Revenue per Available Room (RevPAR) exceeded 2019 figures, reaching €56 in 2023, reflecting a...

Category: More InfoComments: 0

Fattal Hotel Group Secures £525 Million Refinancing for London Portfolio

Fattal Hotel Group secures a £525 million refinancing loan from Cheyne Capital to support the redevelopment of four major London hotels, highlighting confidence in the post-pandemic recovery of the city's hospitality market.

Category: More InfoComments: 0

IHG Unveils Low Carbon Pioneers Programme to Lead Sustainable Hospitality

IHG Hotels & Resorts has launched its Low Carbon Pioneers programme, featuring hotels that eliminate on-site fossil fuel use and rely entirely on renewable energy. The initiative aims to set a new industry standard for sustainability, with participating hotels implementing advanced energy-efficient technologies and achieving global sustainability certifications.

Category: More InfoComments: 0

Explore Innovation and Design at the Independent Hotel Show London 2024

Registration is now open for the Independent Hotel Show London 2024, the premier event for boutique hotel professionals, taking place on October 15-16 at Olympia London.

Category: More InfoComments: 0

US Court Rules Against Booking.com in Ryanair’s Screen-Scraping Showdown

A U.S. court has ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing Ryanair's website without permission. The jury found Booking.com engaged in screen scraping with "intent to defraud." Ryanair CEO Michael O'Leary hailed the decision, stating it protects consumers from overcharging by unauthorized OTAs. Booking.com plans to appeal the ruling.

Category: More InfoComments: 0

The CrowdStrike Outage: A Wake-Up Call for the Travel Industry

On July 26, 2024, a flawed update by CrowdStrike triggered a global outage, crippling the travel industry’s IT infrastructure. Airports ground to a halt, airlines canceled flights en masse, and travelers faced long delays. This incident highlights the urgent need for the travel industry to rethink its system setups and embrace embedded AI to build resilience and prevent future catastrophic failures.

Category: More InfoComments: 0

Booking.com Fined €413 Million by Spanish Regulators for Anti-Competitive Practices

Spanish regulators have fined Booking.com €413.24 million for abusing its market dominance by imposing unfair conditions on hotels and restricting competition from other OTAs. Booking.com plans to appeal the decision.

Category: More InfoComments: 0

From Secluded Retreats to Investment Goldmines: The Rise of Luxury Resorts

Once a niche interest, luxury resorts are now a booming investment trend. The pandemic has shifted their appeal from a niche luxury to a mainstream investment opportunity, with major hotel groups expanding their resort portfolios and focusing on unique, high-end experiences. As travel rebounds, the demand for these opulent escapes shows no sign of waning.

Category: More InfoComments: 0

Navigating the Luxury Hotel Boom

Luxury is now the main growth driver in the hotel industry, with even traditionally budget chains like Choice Hotels expanding into this segment. Marriott International set a record in 2023 by signing 58 luxury hotel deals, while Accor plans nearly 40% of its future openings in luxury. Despite the robust market growth, standing out requires delivering unique, emotionally engaging experiences and managing high operational demands. As competition intensifies, asset managers must innovate and adapt to ensure their properties remain distinctive...

Category: More InfoComments: 0

Singapore’s Hotel Market Thrived as Travel Rebounded in 2022

In 2022, Singapore’s hotel market surged as travel restrictions eased, with US$899.7 million in transactions predominantly in the mid-market segment. The rise in visitor numbers and luxury openings, like The Singapore Edition and Raffles Sentosa Resort & Spa, drove significant growth. Despite labor shortages, the sector thrived with increased room rates and revenue, reflecting a strong rebound in the tourism industry.

Category: More InfoComments: 0

Maximize Your Hotel’s F&B Profit: Expert Tips for Success

Managing a hotel’s food and beverage (F&B) operations demands meticulous oversight to prevent financial leaks. Asset managers should focus on four critical areas: purchasing, sales, cash handling, and banqueting. By implementing clear procedures, maintaining rigorous checks, and regularly reviewing performance, hotels can turn their F&B operations into a robust profit center.

Category: More InfoComments: 0

Case Study – Revitalizing a Hotel Restaurant: A Blueprint for Enhanced Profitability

A chic Art-Deco restaurant in Brussels saw its profits plummet after six successful years. Through meticulous refurbishment planning, strategic marketing, and expert consultations, the restaurant tripled its profit within a year, showcasing the power of professional asset management.

Category: More InfoComments: 0

“Loyalty Wars: The Strategic Battle of Hotel Giants for Future Success”

The current battleground for major hotel chains has shifted from expanding pipelines to capturing loyalty members. While Marriott Bonvoy faces stiff competition from Hilton Honors, engagement, rather than size, is becoming the crucial factor. For owners, loyalty programs attract guests but come with complexities and additional costs. Historically, luxury hotels have relied on exceptional service to build genuine loyalty, independent of points programs, positioning themselves more like high-end consumer products. Balancing genuine loyalty with strategic programs remains a key challenge...

Category: More InfoComments: 0

Budget Mastery: Harnessing Past Insights for Future Success

Before planning next year’s budget, it’s crucial to analyze the past year's performance. By understanding your position in the competitive landscape and leveraging collaboration opportunities, you can make informed financial decisions and maximize the success of your property.

Category: More InfoComments: 0
→←