February, 2024

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Historic result: Accor hit record €1 billion in EBIDTA for 2023

Hotel Management

Global hospitality company Accor achieved a record result in 2023 with earnings reaching over €1 billion for the first time in its history. Accor’s net profit group share increased by 57% to €633 million. in the last 12 months.

Occupancy 264
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Ashford Hospitality Trust Sells The Residence Inn Salt Lake City

Hospitality Net

Ashford Hospitality Trust, Inc. capitalization rate on 2023 net operating income, or 18.2x capitalization rate on 2023 net operating income, or 14.0x The sale is expected to be completed in early March and is subject to normal closing conditions. 2023 Hotel EBITDA. 2023 Hotel EBITDA.

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Hospitality Sales on the up, but Significant Challenges Remain as Operators Look to Save on Costs

Hospitality Net

The latest data from Fourth, the leader in workforce and inventory management technology for the hospitality and retail industries, has revealed a much-needed improvement in festive trading across the sector in Q4 2023, with net sales revenue growth of +6.1% compared to the same period in 2022.

Sales 141
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Ashford to sell Hilton Boston Back Bay for $171M

Hotel Business

Ashford Hospitality Trust Inc. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 capitalization rate on 2023 net operating income, or 12.3x 2023 hotel EBITDA.

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Analysis: what investors want in South East Asia, according to JLL’s APAC chief

Hotel Management

Ahead of the inaugural AHICE South East Asia, which takes place in Singapore on February 27-29, JLL Hotels and Hospitality Group CEO APAC, Nihat Ercan, discusses the latest developments in hospitality across the region. Thailand’s well-established and diversified hospitality market also looks attractive.

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Elevating Your Brand: Strategies for Attracting Top Talent and Fostering Employee Loyalty

Hotel Speak

In the always dynamic hospitality space where every interaction shapes a guest’s experience, success lies only in the hands of your passionate and dedicated front line team. Understanding the Essence of Hospitality Branding Before embarking on the journey of employer branding, I think some introspection is needed.

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Carmen Almos shares her journey to Ashburton Hospitality

Hotel Business

Last month, Carmen Almos launched Ashburton Hospitality , a full-service consultancy firm focused on asset management. Hotel Business spoke with the founder and CEO about her hospitality journey, the new venture and what it means for aspiring female hospitality professionals: How did you get your start in hospitality?