Everything you wanted to know about buying and selling hotels.
International investors are increasingly eyeing the Nordic hotel market due to weakening local currencies, rising visitor numbers, and a unique blend of stability, sustainability, and untapped potential.
Hyatt and China Resources Land's joint venture marks a pivotal step in expanding Hyatt's presence across China, enhancing its offering with Mumian hotels and bolstering growth through a robust asset-light strategy.
The Gupta Group, from its $108 beginning, has become a visionary force in Canadian hospitality. Under Reetu Gupta’s leadership, the company delivers cutting-edge experiences, blending luxury with technology while planning for an exciting, multi-generational future.
Canadian travelers are in for a treat as Transat announces reduced rates on South vacation packages, perfect for fall and winter getaways. Prices start as low as $799 from Quebec, $899 from Ontario, and $999 from the Maritimes, with special deals available for travel until April 30, 2025.In addition to these enticing rates, travelers can benefit from Transat's Option Flex, which allows for easy changes, cancellations, or transfers—offering flexibility for those looking to secure their dream vacation without the stress...
Myrtle Beach is evolving beyond its famous coastline, with new hotel developments, expanded attractions, and unique experiences across 14 distinct communities. After a post-pandemic recovery, the destination is welcoming Canadians back with fresh offerings, including a PGA Tour event, new trails, and a resurgence in group travel and golf tourism.
Whitbread, the parent company of Premier Inn, has announced the sale of 51 branded restaurants for £56 million as part of a strategic overhaul aimed at enhancing its hotel operations. This move follows earlier plans to convert a significant number of its restaurant sites into hotel rooms, showcasing Whitbread’s commitment to adapting its business model in a changing hospitality landscape. With ongoing construction and a clear growth trajectory, the company is poised for substantial expansion in the coming years.
In a recent survey by Deloitte, London has once again emerged as the most attractive city for hotel investment in Europe, followed by strong contenders like Paris and Madrid. Meanwhile, Edinburgh continues to lead the charge for UK regional investments, reinforcing its reputation as a prime destination for hotel development. With a positive outlook on the hotel market and rising interest in upscale and luxury segments, the landscape of hotel investment in 2024 is shaping up to be dynamic and...
Michelin has officially recognized excellence in hospitality with its inaugural key awards for hotels across the UK and Ireland. This prestigious accolade aims to highlight exceptional stays, categorizing establishments into a three-tier system. With renowned venues like Le Manoir aux Quat'Saisons, Gleneagles, and the Connaught receiving the top honors, the list of 123 awardees showcases the finest accommodations available, making it a must-see for travelers and hospitality enthusiasts alike.
As autumn settles in, the UK is buzzing with new culinary and hospitality experiences. October 2024 introduces a vibrant mix of cozy pubs, innovative restaurants, and luxurious hotels, inviting guests to explore unique flavors and atmospheres. From traditional farm-to-table offerings in the countryside to trendy eateries in the heart of London, this month promises a feast for both the palate and the senses.
Hilton’s latest annual Trends Report forecasts that 2025 will be the "Year of the Travel Maximizer," as global travelers seek to make the most of every trip. Combining adventure with relaxation, and blending work with play, new travel trends such as "Go Getaways," "Hurkle-Durkling," and "MeMooners" are emerging. These trends reflect a growing desire to optimize both time and money for memorable and diverse experiences.
In a groundbreaking partnership, Hilton has teamed up with Be My Eyes, an innovative app providing AI-powered and live assistance to the blind and low vision community. Together, they are enhancing the travel experience for guests in the U.S. and Canada by offering personalized support across Hilton’s wide range of brands.
In the wake of Hurricane Beryl, three major Montego Bay resorts—Hyatt Ziva, Hideaway at Royalton, and Secrets Wild Orchid—demonstrated exceptional resilience, bouncing back in just a few days. Through clear communication and swift action, they ensured minimal disruption for guests, reaffirming Jamaica’s reputation for world-class hospitality.
Choice Hotels re-launches Radisson Individuals in the Americas, positioning it as a boutique-focused, upper-upscale soft brand. The move gives independent hoteliers access to Choice’s distribution while retaining their unique identity.
The rise in fraudulent hotel bookings tied to visa applications is costing hotels millions in lost revenue. The Hotel Association of Canada is in talks with government officials to address the problem and prevent further damage to the industry.
CFO Capital has arrangCed financing for two hotels in New Brunswick: Comfort Inn Campbellton and Days Inn Dalhousie. Both properties cater to business and leisure travelers, enhancing the region's appeal to investors amid rising tourism demand.
Opening in April 2025, Hyatt Place Montreal Airport will offer 154 rooms, a 24-hour shuttle, a fitness center, and dining options, providing travelers with seamless access to both the airport and train station.
Japan Airlines is enhancing the travel experience for Canadian travelers by offering a complimentary domestic flight within Japan when booking an international flight. This initiative aims to encourage exploration of lesser-known regions, allowing visitors to discover unique cultural experiences and breathtaking landscapes across the country. To qualify, travelers must book both flights in a single reservation through JAL's website.
Marriott Bonvoy and Aeroplan have expanded their partnership, introducing a new status-match feature and point conversion options. Elite members from both programs can now enjoy enhanced benefits, providing more flexibility and value for frequent travelers across hotels and airlines.
Antigua and Barbuda will host the Caribbean Travel Marketplace for the first time in May 2025, marking a significant milestone in the nation's tourism rise. The event is expected to attract major global buyers, showcasing the islands' growing status in the Caribbean's hospitality and tourism sectors.
n the race for hospitality dominance, Singapore is surging ahead with record-breaking occupancy rates and soaring daily rates, while Hong Kong struggles to regain its footing in the luxury sector. As these two Asian powerhouses rebuild post-pandemic, strategic event hosting, shifting visitor demographics, and new infrastructure developments are setting the stage for a fierce competition in the hotel industry.
