Everything you wanted to know about buying and selling hotels.
A €750,000 ring, feared stolen, takes a surprising journey into a vacuum cleaner before reuniting with its owner, adding another chapter to the Ritz Paris Hotel's saga of lost treasures and daring heists.
In the wake of a slight downturn in the Americas, IHG Hotels & Resorts unveils adjustments to its loyalty program fees, aiming to bolster owner benefits and guest experiences. CEO Elie Maalouf lauds the recent Novum deal as a pivotal move, propelling IHG's growth trajectory. Despite challenges in the U.S., optimism reigns high for a rebound, especially buoyed by strong performance in Europe, the Middle East, and Asia.
Gain profound insights from seasoned hotel executives Federico Gonzalez Tejera and Elie Maalouf as they share their strategies for managing change in the dynamic hospitality industry. From fostering transparent communication to seizing growth opportunities, their perspectives offer valuable guidance for navigating transformational journeys in the ever-evolving world of hotels.
"In a compelling discussion, industry experts highlighted the urgent need for diversity and inclusion within hotel companies, emphasizing transformative changes in hiring and retention strategies. Addressing biases in hiring practices and advocating for mentorship programs, they underscored the transformative potential of a diverse workforce in fostering inclusive environments and driving business success.
Sébastien Bazin, CEO of Accor, shares his perspectives on the current state of world affairs and the hospitality industry's response to challenges like environmental sustainability and technological advancements.
Travelodge celebrates its milestone 600th property with the opening of a new hotel adjacent to the iconic London Oval Cricket Ground, showcasing sustainability and innovative design.
In the competitive landscape of the hospitality industry, small to midsize hotels are finding their niche in hosting intimate social gatherings like weddings and family reunions. While larger hotels may dominate convention business, smaller establishments capitalize on the enduring demand for personalized experiences. From the cozy ambiance of boutique resorts to the historic charm of castle estates, these hotels cater to discerning clientele seeking memorable moments tailored to their vision. Through innovative approaches to event planning, culinary excellence, and attentive...
Explore the innovative strategies and legislative initiatives driving heightened security measures within the hospitality industry, ensuring the safety of guests and employees alike.
Challenges abound for Caribbean hotels undertaking property-improvement plans, from supply chain disruptions to regulatory hurdles. Expert insights from industry leaders shed light on the complexities of renovation projects in the region.
Jesper Palmqvist of STR dispels concerns about rising hotel rates in Asia, emphasizing Japan's enduring appeal despite perceived expense. As rates climb, travelers adapt, recognizing the value of experiences beyond monetary considerations.
The global hotel industry grieves the loss of Simon Cooper, whose unparalleled leadership and dedication elevated hospitality standards worldwide. From his transformative tenure at the helm of the Ritz-Carlton brand to his enduring legacy as a mentor and visionary, Cooper's influence will resonate for generations to come.
Thousands of hotel workers across 18 cities in the U.S. and Canada are gearing up to demand significant pay raises ahead of contract negotiations with major operators.
Unlocking the secrets behind hotel cap rates reveals a world of nuanced variability, shaped by market demand, property type, location, operational performance, and economic conditions.
Cap rates provide a snapshot, but to truly unlock a hotel's potential, delve deeper into location, brand reputation, and market demand. Discover the keys to successful hotel investments beyond mere numbers.
Investors beware! Relying solely on cap rates when assessing hotel investments can be perilous. Dive into this article to uncover the hidden risks and overlooked factors that could spell disaster for your investment strategy.
The traditional presence of TVs in hotel rooms is being questioned by hoteliers like Samir Hammam of Wadi Sabarah Lodge in Egypt, who prioritize immersive experiences over screen time. Similarly, Villa Làrio in Lake Como and Le Grand Contrôle at the Palace of Versailles have opted to forego TVs in favor of breathtaking views and historical authenticity, respectively. However, decisions to exclude TVs are not always straightforward due to government regulations and guest expectations. Observations suggest that many guests don't...
Hotels in Europe are focusing on sustainability, with Austrian and German establishments leading the charge in investments towards eco-friendly practices. Additionally, there is a concerted effort to attract Gen Z travelers in countries like Greece, France, and Austria, while hotels continent-wide are expanding vegetarian, vegan, and locally sourced food options to meet evolving consumer preferences.
The European Hotelstars Union oversees a standardized rating process across 21 member countries, evaluating hotels based on 247 criteria. Hotels can achieve up to five stars based on these criteria, with an emphasis on exceptional service for superior ratings. Claims of hotels with 6 or 7 stars are considered misleading, as Europe adheres strictly to the five-star scale. Star ratings play a crucial role for travelers seeking predictability and comparability when selecting accommodations across different countries.
In today's dynamic hospitality landscape, offering guests a wide array of payment options is essential for enhancing convenience and satisfaction. By diversifying payment methods, hotels can cater to the varied preferences of their guests, ensuring seamless transactions and a positive overall experience. From traditional credit and debit cards to emerging digital wallets and cryptocurrencies, providing flexibility in payment options is key to staying competitive and meeting the evolving needs of travelers.
Dynamic pricing has revolutionized revenue management in the hotel industry by enabling real-time rate adjustments based on market demand. This strategy empowers hotels to maximize occupancy and revenue, although it requires careful implementation to mitigate potential challenges such as rate perception issues and software integration complexities. Similar dynamic pricing strategies are also employed across various industries to optimize revenue based on market dynamics and customer behaviors.
