This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
JLL’s Hotels and Hospitality Group is projecting a 15% to 25% increase in global hotel investment volume compared to 2024, according to the companys latest Global Hotel Investment Outlook. Through November 2024, global hotel demand reached a staggering 4.8 Global hotel investment volume reached $57.3
New Years Eve gave Sydney hotels plenty of cause for celebration on December 31. Sydney hotels pulled in record high average daily rate and revenue per available room on the night, according to December preliminary data from CoStar. The post Record high room rates for Sydney hotels on NYE appeared first on Hotel Management.
Skift Take: In the competitive hotelmarket, commission yields quietly shape profits, and small percentage shifts can mean big revenue swings. In Europe, higher proportions of independent hotels and third-party booking transactions require nuanced strategy and sharp data analysis for optimizing revenue from hotel room sales.
Skift Take: While IHCL is aiming to double its portfolio by 2030 and grow its international presence in markets that host Indian diaspora, Ras Al Khaimah's Al Marjan Island lifestyle destination is being developed as an emerging as a tourism center for the UAE.
Skift Take: Backed by visa-waivers and increasing spending power, Indians are now playing a key role in the Southeast Asian tourism market. Bulbul Dhawan Read the Complete Story On Skift
Hilton Brisbane, a landmark hotel in the citys CBD, is set to close its doors at the end of this month after almost 40 years of service. The Elizabeth Street hotel, which was designed by Austrian-born architect Harry Seidler, opened in 1987. Excitingly, in 2026 the hotel will undergo a complete refurbishment.
This partnership will bring five new stayAPT Suites locations to key markets across Pennsylvania, including Lancaster, Reading, York, Bethlehem, and Allentown. MATTHEWS, North CarolinastayAPT Suites announced the signing of a multi-location franchise agreement with Destiny Partners, LLC/Destiny Hospitality, LLC.
It might win local approval in some markets but could turn off younger, progressive travelers. Skift Take: Oyos new rule reflects a tricky balance between growing its business and meeting societal expectations. Peden Doma Bhutia Read the Complete Story On Skift
Skift Take: As Nepal is ramping up its tourism efforts through religious destinations, MICE and weddings, Sarovar aims to capitalize on the key tourist market: Indians. Bulbul Dhawan Read the Complete Story On Skift
Skift Take: The market is forcing a margin call on post-Covid excess, conspicuous consumption, and there is traveler backlash to excessive rates. This pushback has created space for new thinking. Colin Nagy Read the Complete Story On Skift
Skift Take: An asset-light Banyan Group is diversifying its portfolio across continents and traveler demographics to secure growth and minimize risks in an ever-changing market. Peden Doma Bhutia Read the Complete Story On Skift
Skift Take: Having become the third-largest domestic aviation market, India is now setting sights on positioning itself as a hub connecting the East to the West. Perhaps this could also boost the lagging international inbound segment. Bulbul Dhawan Read the Complete Story On Skift
Skift Take: India has the resources, diversity, and ambition to be a global tourism leader. But to reach its true potential, it must address its challenges head-on, ensuring the world sees not just its barriers. Peden Doma Bhutia Read the Complete Story On Skift
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content