STR Weekly Insights: 11-17 August 2024
Countries/markets mentioned: United States: Chicago, Dallas, Houston, Indianapolis, Miami, Minneapolis, New Orleans, San Diego, Anaheim (Orange County) Global: Canada (Toronto, Vancouver), China (Beijing, Guangdong, Guangzhou, Hangzhou, Jiangsu, Shandong, and Shanghai),…
In Latin America, UN Tourism Drives Growth Through Investment
Tourism is increasingly emerging as a fundamental pillar for development in the region, offering ample opportunities for economic growth and community empowerment. To harness this potential, UN Tourism has confirmed…
Melia saves 30 tonnes of food waste through Too Good To Go partnership – Business Traveller
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Soldiering On: 15 Fun Facts about IHG Army Hotels as it Celebrates 15 Years of Serving the Military Community
Source: IHG Nearly two decades ago, the U.S. Army established the Privatization of Army Lodging (PAL) program to improve the conditions of – and ensure long-term viability for – temporary…
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…