Asia Pacific Hospitality Newsletter – Week Ending 23 August 2024
Star Asia Acquires Four Hotels in Japan for JPY34.6 Billion Japan-based REIT Star Asia Investment Corporation (“Star Asia”) has acquired three hotels in Tokyo and one hotel in Osaka for…
IHG Hotels & Resorts seals two-hotel deal in Quang Binh, Vietnam
Ho Chi Minh City, Vietnam – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announces a two-hotel deal with Hai Thanh Hung Investment Joint Stock…
LBA Hospitality and 3H Group Add Hyatt Place Tampa Airport/Westshore To Portfolio
Hyatt Place Tampa Airport/Westshore — Photo by LBA Hospitality In the dynamic realm of hospitality management, the partnership between LBA Hospitality and real estate developer 3H Group has taken a…
Hotel investors continue to embrace independent management, with three new signings for Trilogy Hotels in the West
The Huang Family doubles its hotel portfolio with Trilogy Hotels to four hotels, following the addition of Novotel Sydney Parramatta and Mercure Sydney Parramatta. Schwartz Family Company signs its fifth…
Relais & Châteaux Publishes Second Sustainability Report and Records Positive Gains Across Almost Every Indicator
The new publication demonstrates positive gains across almost all its indicators and core objectives against the Association’s first sustainability report, published in 2022. The report also announces the formation of…
How much wellness actually impacts hotel revenue
With wellness tourism booming and more hotels and resorts implementing wellness programs, what does it all mean in terms of hotel revenue? The Wellness Real Estate Report 2024 by RLA…
2025 Budget Planning: Key AI Innovations for Labor Management in the Hospitality Industry
As the hospitality industry gears up for 2025, hoteliers are increasingly looking to AI technologies to optimize their operations and budget planning. This blog delves into the latest AI-driven trends…
Why are hotels and buyers struggling with sustainability reporting?
As more travel programmes incorporate sustainability goals into their supplier relationships, it's imperative that buyers have a straightforward and open-source way to analyse the sustainability performance of hotel suppliers. A…
Travly Launches Online Travel Agent for Social-First Traveler
Travly, the ultimate travel media network for social-first discovery and curated experiences, announced the launch of its proprietary Online Travel Agent (OTA) platform now available through both its app and…
Canada hotels record first occupancy decline in three months
WASHINGTON - After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. CoStar is a leading provider of online…