Hospitality Net

JULY 25, 2023

IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to introduce voco Zeal Exeter Science Park in partnership with Zeal Hotels - the first lifecycle net zero carbon hotel for both businesses.

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Hotel News Resource

SEPTEMBER 4, 2023

Recognizing the challenges and opportunities that arise from this transition for European SMEs, HOTREC has commissioned TOPOSOPHY to develop a Net Zero Hospitality Roadmap report.

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Hospitality Hotels 59

Hospitality Net

DECEMBER 19, 2023

stands out in the hospitality industry as a cutting-edge blockchain-based hotel booking platform that offers superior rates, incorporates advanced AI search tools, and supports cryptocurrency payments. In this episode, host Simone Puorto sits down with Michael Ros, the visionary CEO and Co-founder of Sleap.io.

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Hospitality Net

MARCH 20, 2024

D2O joining the Sustainable Hospitality Alliance adds significant value to the sector’s profitability and sustainability efforts as the Alliance leads in making Net Positive Hospitality a reality.

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Hospitality Net

MARCH 3, 2024

Can you measure its direct effect on net contribution? While the two of us are tremendous fans of helping a hotel evolve into a more data-driven organization, there is nevertheless an art to creating a successful hospitality operation. What’s it cost?

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Hospitality Net

JULY 5, 2023

Coral Sea Hotels in Papua New Guinea is announced as a new member of the Sustainable Hospitality Alliance (the Alliance) to work together towards achieving Net Positive Hospitality.

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Hospitality Net

FEBRUARY 16, 2024

Ashford Hospitality Trust, Inc. NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 capitalization rate on 2023 net operating income, or 18.2x 2023 Hotel EBITDA. 2023 Hotel EBITDA.

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Net Operating Income Hospitality Sales Closing 199

Hospitality Net

MAY 11, 2023

The promotion of sustainable hotel development has been strengthened thanks to a new affiliate member joining the Sustainable Hospitality Alliance (the Alliance).

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Hospitality Net

JANUARY 22, 2024

The hospitality leader opened 132 hotels and approximately 24,000 rooms between October and December 2023, contributing to full-year openings of 395 hotels and approximately 63,000 rooms to achieve net unit growth of 4.9%.

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Hotel Management

FEBRUARY 22, 2024

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. The post Historic result: Accor hit record €1 billion in EBIDTA for 2023 appeared first on Hotel Management.

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Hospitality Net

DECEMBER 7, 2023

The Sustainable Hospitality Alliance, in collaboration with the International Finance Corporation (IFC), has unveiled an ambitious vision for a new level of EDGE green building certification and Building Resilience Index at COP28.

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Hospitality Net

APRIL 7, 2024

Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS).

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Lodging

MARCH 1, 2024

DALLAS—Ashford Hospitality Trust, Inc. 31, 2023, the hotel’s net income […] The post Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay appeared first on LODGING Magazine. The sale is expected to be completed in March and is subject to normal closing conditions. For the trailing 12 months ended Dec.

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Hotel News Resource

MAY 9, 2024

HereÕs how the Net Promoter Score (NPS) can help your hotel create a virtuous cycle of guest satisfaction, positive recommendations, and increased retention, ultimately driving growth and success in the highly competitive hospitality industry.

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Hospitality Net

JULY 18, 2023

As reported in our recent “Evolution of Global Luxury Hospitality” research paper, we are witnessing a rise in global wealth. Not only from HNWIs who contribute 70% of luxury travel spend worldwide, but also from the rising UHNWI population – those with a net worth of at least $30 million.

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Travel Business Hospitality Hotels 143

Hotel Designs

JUNE 6, 2023

His perception of hotel design is, perhaps, inspired by his love of music – he recently described that projects are like a jazz bands. This reason, and many more, he is arguably the perfect person to, without ego, encourage the industry to change their approach towards net-zero hotel design.

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Hotel Business

MAY 9, 2024

Hyatt Hotels Corporation , for the first quarter ended March 31, reported comparable systemwide hotel RevPAR increased 5.5% Hoplamazian, president/CEO, Hyatt, “Our pipeline also reached a new record, expanding 10% year-over-year (YOY) to 129,000 rooms, and we realized net rooms growth of 5.5%. In the U.S., In the U.S.,

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Hotel Management

FEBRUARY 20, 2024

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. In 2023, two consistent headlines emerged. Do these themes play out closer to home?

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Hotel Business

JANUARY 12, 2024

JRK Property Holdings , through its $350-million hospitality fund, has acquired a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico, from the PRISA Group for an undisclosed price. The hotels benefit from numerous demand drivers including their proximity (one block) from the 600,000-sq.-ft.

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eZee Absolute

JUNE 5, 2023

Introduction In an industry as competitive and dynamic as hospitality, understanding the factors that drive profitability is crucial for the success of any hotel business. Improving your hotel’s bottom line starts with enhancing its profitability. But is it that easy to analyze the profitability of your property?

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Net Operating Income Hotels Revenue Operations 96

Boutique Hotel News

MAY 23, 2023

UK: Zeal Hotels, an acquisition and development company , has signed an exclusivity agreement with IHG Hotels & Resorts for its first net zero carbon hotel in Exeter. Zeal Hotels has recently secured planning permission for a 142-bedroom hotel, with construction due to begin in July.

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Hotels Resorts Construction Hospitality 52

Hotel Business

FEBRUARY 29, 2024

Ashford Hospitality Trust Inc. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 million and its hotel EBITDA was $16.7 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 million and its hotel EBITDA was $16.7

Net Operating Income 59

Net Operating Income Sales Process Sales Closing 59

Hotel Business

MAY 3, 2024

InterContinental Hotels Group PLC (IHG), for the first quarter ended March 31, reported global RevPAR increased 2.6% Global RevPAR in the first quarter of 2024 continued to grow, up 2.6%, reflecting the strength of our globally diverse footprint,” said Elie Maalouf, CEO, IHG Hotels & Resorts. and Greater China up 2.5%.

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Hotel Management

MARCH 10, 2024

Marriott Bonvoy returns as the preferred hotel partner Formula 1 Rolex Australian Grand Prix 2024, and presenting partner of the exclusive Marriott Bonvoy Lounge, for the fifth year running. The post Marriott revs up ESG efforts for luxury experience at Australian Formula 1 appeared first on Hotel Management.

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Amadeus Hospitality

JANUARY 11, 2024

As a leading, global player at the heart of the travel and tourism sector, Amadeus sees great potential to work alongside and connect with hospitality industry stakeholders and, together, contribute on the journey to the Alliance’s goal of Net Positive Hospitality – ensuring the industry gives back to destinations more than it takes.

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Hospitality Net

MAY 8, 2024

NexGen Hotels, a hotel development and management company based in Itasca, Illinois, today announced the acquisition of the Hotel Versey in Chicago, Illinois. Located at 644 W Diversey Parkway, the 137-room hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri.

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Hotel Management

AUGUST 14, 2023

The latest minimum wage and award wages increases are set to have a substantial impact on hotel profitability. However, it poses challenges for struggling hospitality venues, which have witnessed a 10% rise in wages in less than a year. The post What the latest wage increases mean for hotels appeared first on Hotel Management.

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Hotel Business

APRIL 29, 2024

Ashford Hospitality Trust Inc. The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million ($95,300 per key).

Net Operating Income 69

Net Operating Income Sales Process Sales Closing 69

Hotel Business

MARCH 13, 2023

The Sustainable Hospitality Alliance (SHA) , which brings together the industry to create a prosperous and responsible global hospitality sector that gives back to the destination more than it takes out, has released the Pathway to Net Positive Hospitality v2.0. An outline of the material topics for the industry.

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Hospitality Tourism Resorts KPI 52

Catala Consulting

MARCH 19, 2024

The integration of Artificial Intelligence (AI) into the hotel industry marks a revolutionary shift, not just in operations and guest experiences but more profoundly in the sphere of revenue management. The Human Touch of AI in Guest Experiences The hospitality industry, at its core, is about people serving people.

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Revenue Management Tourism Revenue Hotels 52

eHotelier

NOVEMBER 28, 2022

Radisson Hotel Group is one of the top 1000 companies with published approved science-based targets and has taken significant steps to define a clear path to becoming Net Zero by 2050, aligned with the landmark 2015 Paris Accord.

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Hotels Hospitality 52

Hospitality Net

MAY 10, 2024

Cushman & Wakefield’s Hotel Investor Compass survey canvasses the views of 60 major investors active across the region, who collectively invested €18 billion between 2019 and 2023 in hotels and have an average fund size of €233 million available for hotel investment in 2024.

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Hotel Business

MARCH 28, 2024

Daniella Foster , executive board member/global SVP, public affairs, market access and sustainability, Bayer ’s Consumer Health Division, has been appointed as vice chair of the Sustainable Hospitality Alliance. “We welcome our new trustees who bring their wealth of experience in the spheres of sustainability and hospitality. .

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Hospitality Net

APRIL 22, 2024

NH Hotel Group, part of Minor Hotels, will now operate as Minor Hotels Europe & Americas following a vote by NH Hotel Group’s shareholders to change the company’s registered name at its Annual General Meeting held last Friday.

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eHotelier

NOVEMBER 23, 2023

Dr Cris Tarrant, BVA BDRC chairman, has been appointed co-chair of the Sustainable Hospitality Alliance's Communications and PR Committee alongside Dimitris Manikis, President EMEA at Wyndham Hotels & Resorts.

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Resorts Hotels Hospitality 52

Hotel Designs

OCTOBER 30, 2023

Image credit: voco “Each voco hotels property that gets added to our portfolio is a real sign of the confidence from our owners across multiple markets in the brand,” said Willemijn Geels, VP Development, Europe at IHG Hotels & Resorts. IHG’s first lifecycle net zero carbon hotel is scheduled to open in early 2025.

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Hospitality Net

MAY 7, 2024

IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,300 hotels worldwide across 19 brands, announces the opening of voco Jim Corbett - India’s first voco hotel. This also marks the introduction of the 7th brand from IHG’s global portfolio to the Indian market.

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Resorts Hotels Branding Market 241