Hospitality Net

MAY 25, 2023

Smart hoteliers view revenue management as a strategic way to improve profits. One component is "dynamic pricing." You’re familiar with this model when considering your rack rate vs. your bottom prices. Those bottom prices may not cover much more than your costs, but they impact your rack rate months away when you can see higher profits.

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Pricing 89

Hospitality Net

MAY 25, 2023

Crescent Hotels & Resorts, the award-winning operator of over 120 hotels and resorts, announced the addition of The Mission Inn Hotel & Spa to its Latitudes: Lifestyles by Crescent portfolio. The iconic AAA Four-Diamond hotel evokes the graceful ambiance experienced by its very first guests in 1876.

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Hospitality Net

MAY 25, 2023

The unemployment rate is low. Our industry still faces an ongoing labor shortage challenge. Many restaurants and hotels struggle to fill vacant positions.

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Hospitality Net

MAY 25, 2023

IHG Hotels & Resorts (IHG) and Mori Trust Co Ltd have signed a partnership agreement to open Hotel Indigo Nagasaki Glover Street in late 2024.

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Hospitality Net

MAY 25, 2023

Modern and intuitive design underscore the brand’s promise as a hotel where the world comes together, in Japan’s "Naples of the East"

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Hospitality Net

MAY 25, 2023

Europe hotel performance caused some reason for concern during the first quarter of 2023, but momentum points to healthy performance ahead for gateway cities and secondary markets thanks to recovering corporate demand as well as resilient leisure travel.

Marketing 75

Marketing 75

Hospitality Net

MAY 25, 2023

The net proceeds from the New Term Loan B were used to repay all outstanding principal under its Term Loan B due 2025. (NYSE: WH) (the "Company") today announced that it successfully completed the refinancing of its previously outstanding Senior Secured Term Loan B Facility due May 2025 (the "Term Loan B due 2025").

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Hospitality Net

MAY 25, 2023

Holiday Inn Club Vacations Incorporated, a leading vacation ownership company and partner of IHG® Hotels & Resorts (IHG), announced today that it has acquired four scenic beachfront resorts located in Cancun, Playa del Carmen and the Riviera Maya, Mexico from Royal Resorts®, a pioneer in the Mexican Caribbean tourism industry.

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Hospitality Net

MAY 25, 2023

Shangri-La launches its new "Find Your Shangri-La" global campaign, created to help guests find their personal moments of joy at the luxury hotel chain renowned for its delivery of Asian hospitality.

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Hospitality Net

MAY 25, 2023

According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY).

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Hospitality Net

MAY 25, 2023

Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, today announced it was selected for the inaugural Travel Tech Titans award in the Late Stage Titan ($50M + funding) category. billion in funding.

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Reservations Hospitality Management 72

Hospitality Net

MAY 25, 2023

Executives in the travel business anticipate that international travel is finally back in 2023, especially with China travelers emerging from lockdown to traverse the world once more.

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Hospitality Net

MAY 25, 2023

Today, the European Travel Commission (ETC) is launching its Climate Action Plan.

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Travel and Tourism 95

Hospitality Net

MAY 25, 2023

The Asian American Hotel Owners Association (AAHOA), the largest hotel owners association in the world, released a new informational video about its 4 Pillars for Franchise Advocacy to advance AAHOA’s mission as the foremost resource and advocate for America’s hotel owners.

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Information 62

Hospitality Net

MAY 25, 2023

Canada’s hotel revenue per available room (RevPAR) came in above CAD100 for the third consecutive month, according to STR’s April 2023 data.

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Hospitality Net

MAY 25, 2023

hotel performance increased from the previous week and showed improved comparisons year over year, according to STR‘s latest data through 20 May.

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Hospitality Net

MAY 25, 2023

Hyatt Hotels Corporation (NYSE: H) is proud to announce the launch of a new Inclusive Collection brand, Impression by Secrets, with the opening of Impression by Secrets Isla Mujeres.

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Hospitality Net

MAY 25, 2023

The aim to reduce food waste and offer more low carbon foods in the hospitality industry is set to be a key focus for the Sustainable Hospitality Alliance’s partnership with World Resources Institute (WRI).

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