Sat.Feb 17, 2024 - Fri.Feb 23, 2024

Remove Hospitality Net
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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.

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Accor FY23 EBITDA hits €1bn

Hotel Owner

In 2023, Accor opened 291 hotels, corresponding to 41,000 rooms, i.e., net network growth of 2.4% I would like to thank them for their commitment and their know-how in an industry whose strength lies above all in the women and men on the ground daily who raise the profile of our brands with a passionate and generous sense of hospitality.

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Today’s news in brief – 22/2/24

Hotel Owner

With a global estate of 6,363 hotels and 946k rooms, IHG also reported a surge in net cash from operating activities to $893m (£704.8m) and an adjusted EBITDA of $1.08bn (£850m). In addition, the company opened 47,900 rooms across 275 hotels and signed agreements for 79,200 rooms across 556 hotels, marking significant growth.

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The Newly Refurbished Suites at Yorkshire’s Oulton Hall Hotel, Spa & Golf Resort

Hospitality Net

Oulton Hall Hotel, Spa & Golf Resort has recently made a significant investment in upgrading the bedroom suites in the historic hall - allowing the hotel to provide sanctuary for a variety of discerning guests.

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TIME Hotels Unveils 770-Key Property in Makkah, Saudi Arabia

Hospitality Net

This opening is poised to enhance the city’s hospitality offerings, providing guests with an unparalleled mix of luxury, comfort, and cultural immersion. TIME Hotels, renowned for its management expertise and headquartered in the UAE, has officially launched its latest venture, the TIME Ruba Hotel & Suites, in Makkah.

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Pioneering Cairns waterfront hotel relaunches as Cairns Harbourside Hotel

Hospitality Net

Established Cairns’ hotel owner, Taisei Kanko Australia Pty Limited, announced today that their Cairns hotel has relaunched as a self-managed, independent hotel to be branded as Cairns Harbourside Hotel.

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Is Branditization of the Hospitality Industry inevitable?

Hospitality Net

Recently, both Hilton and Marriott announced their 2023 financial results. Good news all around. What peaked my interest was the pipeline (contracted and under development hotel rooms) for each hotel chain: 3,270 properties with 462,400 rooms for Hilton and 536,000 rooms for Marriott.

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