Lodging Magazine

APRIL 29, 2024

DALLAS, Texas—Ashford Hospitality Trust, Inc. percent capitalization rate on trailing 12-month net operating income through March 2024. All 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).

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Pricing Magazine 57

Hospitality Net

NOVEMBER 6, 2023

They delve deep into the workings of BUK protocol, a groundbreaking tokenization platform designed to revolutionize the hotel inventory management system. In this episode, host Simone Puorto sits down with Arul Prakash, the Founder and CEO of Buk Technology.

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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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Hospitality Net

OCTOBER 17, 2023

The Sustainable Hospitality Alliance (the Alliance) announces the launch of a new learning tool for hotels to understand the connection between environmental, social and governance issues, to ultimately test out the outcomes of different solutions and strategic decisions.

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Hotel Owner

JUNE 22, 2023

Zeal Hotels has acquired the site for its 142-room net zero carbon hotel, with construction due to begin next month at Exeter Science Park. The group signed an exclusivity agreement with IHG Hotels and Resorts for the hotel, which will be managed by Valor Hospitality once opened.

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Hospitality Net

APRIL 22, 2024

2023 was an exceptional year for Radisson Hotel Group’s award-winning Responsible Business program.

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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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Marketing 59

eHotelier

JULY 26, 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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Hotelogix

NOVEMBER 12, 2023

Call them hotel reports or hotel management system reports, they help you gain insights on your hotel business so that you can make data-driven decisions. However, without a hotel property management system, it would be next to impossible to extract those reports manually.

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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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Hotel Owner

JULY 26, 2023

IHG Hotels and Resorts has partnered with Zeal Hotels to deliver Voco Zeal Exeter Science Park, the first lifecycle net zero carbon hotel for both businesses, in 2024. The hotel will be located adjacent to J29 of the M5 motorway, just a five-minute drive from Exeter Airport.

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Definition 98

Hotel Owner

NOVEMBER 18, 2022

International hospitality group Radisson has signed the Glasgow Declaration during this year’s Egypt COP27 in its “strong” commitment to sustainability. . Together we are mobilising the industry to deliver effective climate action and reach Net-Zero as soon as possible before 2050. . “To

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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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eHotelier

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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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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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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Hotel Owner

SEPTEMBER 13, 2023

After a challenging few years for the sector, it’s estimated that more than 10% of the UK’s hospitality businesses have permanently closed since March 2020, according to the Hospitality Market Monitor. Hotel brands and management companies can find opportunities for growth by working together in a holistic way to build portfolios.

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Accounting Service Management Marketing 103

Hotel Owner

DECEMBER 8, 2022

It is reported that the group’s membership in the GSTC forms part of its strategic focus to drive cross-industry cooperation and establish transparent and measurable standards for sustainability within the hospitality industry. The group also wishes to foster increased coordination between the private and public sector. .

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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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Boutique Hotel News

JUNE 21, 2023

UK: The Crown Estate has put the Harte & Garter Hotel and Spa in Windsor up for sale for offers in excess of £13,250,000, seeking buyers looking for a prime hospitality development and restaurant investment opportunity in the heart of the historic market town. It overlooks Windsor Castle, which attracts close to 1.5

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Marketing 130

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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Hospitality Net

SEPTEMBER 5, 2023

HOTREC, the umbrella association representing the hospitality sector in Europe, is committed to supporting the industry’s transition to Net Zero.

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Hotel Owner

OCTOBER 25, 2023

IHG Hotels and Resorts has announced a slate of new Voco hotels properties across its European markets. The hotel is scheduled to open its doors in early 2024 in partnership with Cliste Hospitality. The new hotel will be IHG’s first lifecycle net zero carbon hotel.

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Definition Scheduling Marketing 98

Hotel Owner

OCTOBER 18, 2023

The leadership team behind Cedar Court Hotels has launched a new hotel management company, NorSpark, with the aim to help independent hotel owners create more profitable hotel businesses.

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Communication Marketing 97

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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Revenue Hub

APRIL 23, 2024

In today’s competitive hospitality landscape, hoteliers are constantly seeking ways to stand out and attract guests. This can increase the conversions by two (2) fold – this is the magic of AI in hotel marketing. Targeted Reach: Gone are the days of casting a wide marketing net. While valuable, AI goes much deeper.

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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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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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Larry Mogelonsky

DECEMBER 5, 2023

In a comprehensive article at Hospitality Technology about what's needed from a technological standpoint to make attribute-based shopping (ABS) a reality for hotel properties and brands, Adam was quoted about some of the cultural and process changes that need to take place. Make no mistake: ABS will happen.

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Boutique Hotel News

NOVEMBER 28, 2022

UK: The Sustainable Hospitality Alliance (SHA) and the UK Green Building Council (UKGBC) have partnered to enhance the sustainability of new and existing hotels. . Given that the UK aims to reach net zero by the same year, minimising construction and operational emissions is necessary to deliver on that goal. .

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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).

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Pricing Marketing 69

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

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Definition Pricing Marketing 59

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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Hotel Owner

DECEMBER 15, 2023

Mollie’s, a renowned hotel and diner concept, has appointed Stephanie Freeman as the general manager of its Oxfordshire site. Freeman, with over 10 years of hospitality experience, previously worked at Elite Hotels, IHG, and Hilton before joining Mollie’s Bristol team in 2021.

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Events Marketing 93

InnQuest

AUGUST 3, 2023

In the hospitality industry, guest satisfaction is the ultimate goal. To ensure continuous improvement and success, hospitality businesses must adopt effective methods to measure guest satisfaction. A hotel’s operations can be measured in part by how satisfied its guests are. Let’s get started!

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Revenue Hub

MARCH 1, 2024

Leading hotel companies are stepping beyond the traditional hotel stay to offer bespoke experiences and strategic partnerships that benefit both guests and their bottom line. Meanwhile, guests at luxury hotel group Four Seasons can embark on a 95-suite superyacht next year, sailing through the Mediterranean and Caribbean.

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Revenue Hub

APRIL 22, 2024

As you read this, you’re likely content with your hotel marketing and distribution strategy. For too long, the hospitality industry has managed marketing with an emphasis on the expense side of the ledger. Yet, our collective response as an industry is to tragically underfund hotel metasearch.

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