HVS teaches developers to overcome challenges in Africa game lodging sector | Hotel Management
As tourist and investor interest rises, HVS highlights challenges in the game lodging industry.
Hotel Industry Investment
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7th September 2017
Iran's skyrocketing tourist numbers attract hotel investment | Hotel Management
Hotel groups are jumping on investment opportunities as Iran gears up to welcome over 20 million visitors by 2025.
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7th September 2017
TÜROB data shows 101 Turkey hotel projects receive development incentives | Hotel Management
In spite of some rough patches, the first half of 2017 saw a 13.5-percent increase in Turkish hotel investment.
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7th September 2017
Saudi Arabia's billionaire prince to invest $800M in Egypt's hotel projects | Hotel Management
Egypt will get the largest sum of foreign investment for its economic reform program.
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7th September 2017
Abu Dhabi's Eagle Hills obtains resort loan from Fujairah bank | Hotel Management
National Bank of Fujairah has given Eagle Hills a $81.6-million loan for construction of the Address Fujairah Resort & Spa in Sharm.
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7th September 2017
Ecuador reports possible European hotel investment to improve infrastructure | Hotel Management
Ecuador's government aims to improve the country's economy and infrastructure through European hotel and tourism investment.
Hotel Sales and Acquisitions
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7th September 2017
Millennium to operate and rebrand Makkah Hilton Hotel & Towers | Hotel Management
Millennium Hotels & Resorts will take over operations of the 1,400-guestroom Makkah Hilton Hotel & Towers under a new name.
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7th September 2017
Tiong Seng, Ocean Sky JV to buy Singapore's Sloane Court Hotel | Hotel Management
The joint venture awaits shareholder approval to acquire the Sloane Court Hotel, as redevelopment plans slowly come into focus.
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7th September 2017
Wyndham's Indian partner to add Howard Johnson to Kolkata's low room stock | Hotel Management
Unique Mercantile India has acquired a majority stake in Platinum World Hospitality's Rajarhat, Kolkata airport hotel.
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7th September 2017
Wanda Hotel Development acquires travel and hotel management subsidiaries | Hotel Management
Wanda Hotel Development will sell four overseas projects to Dalian Wanda Commercial.
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7th September 2017
Invesco Real Estate completes 13-hotel European portfolio buy | Hotel Management
The majority of Invesco's €530-million European hotel acquisition is in Germany while the rest is in the Netherlands.
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7th September 2017
JLL to sell high-end hotels in Phuket and Sukhumvit | Hotel Management
Four Points by Sheraton Bangkok Sukhumvit and Novotel Phuket Karon Beach Resort & Spa are up for sale as developers fight for investment opportunities.
Global Hotel Market Performance Reports
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7th September 2017
Travel prices predicted to rise nearly 4 percent globally, especially in hotels | Hotel Management
While Europe will see rising hotel prices, they are poised to fall in Latin America and the Caribbean.
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7th September 2017
UK tourism drops despite Ireland hotels' strong performance | Hotel Management
Three quarters of hotel chains have reported high levels in business year-over-year.
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7th September 2017
HotStats reports Budapest achieves highest profits year over year in Europe | Hotel Management
European hotels' gross operating profit per available room climbed to €85.55 in June 2017, with Budapest leading the charge.
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7th September 2017
Middle East & Africa region showed mixed hotel performance during Ramadan | Hotel Management
Despite a 2.9-percent rise in GOPPAR, profit in Middle East & Africa showed mixed results.
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7th September 2017
UK's record RevPAR gains scare off fears of oversupply | Hotel Management
Although UK's hotels were limited to 3.0-percent total RevPAR growth, the industry reported record RevPAR levels reaching £105.28.
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7th September 2017
MENA forced to drop ADR as Europe achieves strong hotel performance | Hotel Management
Hotels in the Middle East and North Africa reported record revenue lows in July, but Europe held steady amid declining demand.
Hotel Openings and Development
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7th September 2017
AccorHotels to launch five new Pullman, Sofitel hotels in Asia-Pacific | Hotel Management
AccorHotels is in the midst of developing five new hotels across Asia-Pacific, four of which will be open by October.
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7th September 2017
Best Western launches second hotel in Kazakhstan | Hotel Management
Rising demand has led Best Western to bring its second Plus hotel to the capital of Kazakhstan, and its second hotel to the country overall.
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7th September 2017
Marriott adding to Dubai's hotel supply despite performance lag | Hotel Management
Marriott International will launch Dubai's seventh Courtyard and fourth Residence Inn at Jumeirah Village Circle.
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7th September 2017
Top 10 Asia-Pacific hotel development pipelines | Hotel Management
Asia-Pacific hotel development is showing no signs of slowing down—the region reported 2,767 hotel projects currently in development.
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7th September 2017
Grand Hyatt being developed on Jeju Island, South Korea | Hotel Management
As traveler numbers rise in Jeju Island, Grand Hyatt sets plans to develop Hyatt Hotels' sixth South Korean property.
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7th September 2017
Hilton's Waldorf Astoria to manage its 11th Asia Pacific hotel in Maldives | Hotel Management
Hilton has signed its second Maldives hotel under the Waldorf Astoria brand in the South Male Atoll.
Hotel Company New Hire Announcements
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2nd October 2017
Hilton Tucson El Conquistador GM promoted to VP of Operations-Southwest, Prism Hotels | Hotel Management
Ghee Alexander, GM at Hilton Tucson El Conquistador Golf & Tennis Resort, brings 24 years of hospitality experience to the new role.
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7th September 2017
Marriott expands Middle East and Africa sales and marketing leadership team | Hotel Management
Marriott has revamped its brand, marketing, sales and consumer leadership team for MENA.
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7th September 2017
Shangri-La Hotels & Resorts appoints Oliver Bonke as new president and COO | Hotel Management
Bonke brings 30 years of hotel industry experience to Hong-Kong-based Shangri-La.
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7th September 2017
Shareholders approve RLJ Lodging acquisition of FelCor | Hotel Management
FelCor will become a wholly owned RLJ subsidiary at the end of August.
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7th September 2017
Castlerock picks former Viceroy Snowmass GM to lead Westin Nashville | Hotel Management
Hugh Templeman will take over management of the Westin Nashville, and was most recently GM regional VP for Colorado's Viceroy Snowmass resort.
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7th September 2017
Deutsche Hospitality CEO to take the helm at Indian Hotels Co. | Hotel Management
Indian Hotels Company has tapped Deutsche Hospitality CEO Puneet Chhatwal as its new CEO.
Guest Relations, Operations and Loyalty Programs
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3rd October 2017
Kempinski Hotels revamps its guest loyalty program | Hotel Management
The new Kempinski Discovery offers members greater privileges in both Kempinski hotels and their destinations.
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3rd October 2017
Small Luxury Hotels of the World debuts new Invited rewards program | Hotel Management
After conducting research among existing members, SLH has developed a completely revamped loyalty program that focuses on providing consistent benefits.
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3rd October 2017
InterContinental to roll out 24-hour cancellation policy by end of September | Hotel Management
InterContinental joins in on the cancellation policy cutbacks, but this time it's in favor of a 24-hour policy.
