DTGO Expands UK Hotel Portfolio Through Singapore Stock Market Listing
Thai investor DTGO has strategically restructured its UK hotel portfolio, comprising 17 properties under renowned brands like IHG, Hilton, and Marriott.
Travelodge UK PropCo Group closes the acquisition of 66 Travelodge-branded hotels from Travelodge’s largest landlord – LXi REIT
Travelodge PropCo Group closes the acquisition of 66 Travelodge-branded hotels from Travelodge’s largest landlord - LXi REIT
With the Highly Anticipated Total Solar Eclipse on April 8, Travelers are Booking Hotels at a Record Rate of 800% Compared to Last Year
With less than a month until the highly anticipated total solar eclipse on April 8, travelers are rushing to book accommodations at an unprecedented rate, with bookings at Choice Hotels International, Inc. experiencing an astounding 800% increase compared to last year.
Navigating the Challenges: Addressing Staff Shortages and Retention in the UK Hospitality Sector
The hospitality industry in the UK is facing unprecedented challenges, with staff shortages emerging as a critical issue in 2024.
The Taylor Swift tour causes hotel rates to reach record highs in Sydney and Melbourne.
Due to Taylor Swift's highly anticipated Eras Tour, both Sydney and Melbourne experienced a surge in hotel rates, with Sydney hitting a staggering over $500 per night during the concert dates. This boost in demand led to record-breaking average daily room rates in both cities, showcasing the significant impact of live events on the hospitality industry.
What a U.S. TikTok ban could mean for travel industry
In response to potential U.S. legislation targeting TikTok, the travel industry is bracing for potential disruptions that could ripple across the digital landscape.
Hilton Expands Lifestyle Category with Acquisition of Graduate Hotels
Hilton, a renowned global hospitality leader, has unveiled plans to enrich its lifestyle hotel offerings through the acquisition of the beloved Graduate Hotels® brand. This strategic move, in partnership with Adventurous Journeys Capital Partners (“AJ Capital”), represents a significant opportunity for Hilton to tap into the thriving lifestyle hotel market, particularly in iconic college towns worldwide.
Expanding Hotel Boom in India’s Smaller Cities
As travelers in India increasingly seek out lesser-known domestic destinations, major hotel brands are seizing the opportunity to expand into the country's hinterlands. The hospitality industry in India is experiencing rapid growth, with data from real estate services firm JLL showing significant expansion in both tier 2 and tier 3 cities.
China to allow visa-free entry to citizens from 6 more European countries
China has expanded its visa-free entry policy to include citizens from six additional European countries: Switzerland, Ireland, Hungary, Austria, Belgium, and Luxembourg.
Chip Rogers Resigns as CEO of American Hotel & Lodging Association
In a LinkedIn post, Rogers said the last five years of his life have been “amazing”, but that the job had meant more than “450 nights on the road”. He continued: “Now, it’s time for a break. I’m leaving the American Hotel & Lodging Association, but I know I’ll see you all soon!”
Trends in Hotel Rates: Marriott and Hilton’s Pricing Strategies
The hospitality industry is witnessing a notable shift as major players like Marriott, Hilton, IHG, and Hyatt launch new brands targeting budget-conscious travelers.
Insights into Hotel Booking Trends: Understanding Lead Times and Length of Stays in the US
The average booking window, or lead time, for hotel bookings in the US is about 25 days, according to Kalibri Labs. The average length of stay is 1.8 nights
In the early months of 2024, a significant majority, specifically 74%, of global hotel markets witnessed an increase in Revenue per Available Room (RevPAR).
As of February 10, 2024, the latest global update reveals that 74% of hotel markets worldwide experienced an increase in revenue per available room (RevPAR) compared to the same period in 2023.
Rapid Recruitment Efforts in Hotels Yield Positive Results in Guest Satisfaction
Surveys are one of the best ways to gauge satisfaction levels. When conducted during the guest stay, they allow you to fix any problems before they turn into a negative review.
Radisson Hotel Group Expands India Presence With 21 Hotel Signings – India Report
During 2023, Radisson Hotel Group in India took some major decisions, such as bringing the Radisson Collection brand to the country. As part of its strategic expansion, it is now looking at tier 2 and 3 markets.
Marriott Vs. Hilton: What Their Earnings Say
The two hotel giants have a rivalry in terms of loyalty program membership numbers. Marriott currently has roughly 16 million more loyalty program members than Hilton.
Wyndham Results Hurt By Cost and ‘Noise’ of Choice Hotels’ Hostile Bid
Wyndham executives said a Choice Hotels offer to buy it has sandbagged them with work in rebuffing the offer and addressing regulators' concerns. The bill so far is $75 million.