Our team regularly monitors a number of key sources for the most interesting hospitality news and opinion pieces, so you don’t have to. Those that catch our eye are reposted here, with content added most days, so be sure to bookmark this page and check back regularly. Alternatively, if you would like to receive a weekly digest, why not sign up to our newsletter to have it delivered to your inbox every Thursday?
New tech: Reducing contact and improving guest experience The pandemic has fast‐forwarded guest technology plans as hotels across the world have taken steps to minimize all possible touchpoints. The go‐to guest apps have been those that enable online or contactless checking in, menu lookups or digitally executing guest in‐room requests.
U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR‘s February 2021 monthly P&L data release. GOPPAR had come in no higher than US$12.69 for any month since the pandemic’s initial impact on industry performance last March. In addition to improved absolute
Sharp declines in revenue caused by the pandemic coupled with a more cautious approach to lending has prompted hotel valuations to fall over the past 12 months, although not as steeply as some had initially anticipated. This is the key finding of the annual European Hotel Valuation Index (HVI) compiled
Photo: IDS Softwares Communication is key. We have come across that phrase and its significance quite frequently in the recent past. And it is of no difference in the world of hospitality, where kind words and sweet gestures matter the most. We might be sauntering through the big age of
Marriott Vacations Worldwide (NYSE: VAC) (“MVW” or the “Company”) announced today that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock. “With its eight upper upscale ownership
With a swift vaccination program underway, demand for international tourism has surged in the UK. Travel companies are preparing to tackle this pent-up demand by hiring – in fact, the number of posted job advertisements within the sector increased by approximately 38% in Q1 2021, according to the Job
Infection control company ECE Group Services (ECE) has launched a new cleaning solution that is laboratory tested and certified to kill coronavirus on both hard and soft surfaces. XtraProtect is suitable for all hard surfaces of a hotel room, but unlike any other product on the market, it can be
Christie and Co has been ranked as one the most active agents in the hotel sector across Europe for 2020 based on the number of hotels sold, according to the latest rankings provided amongst tracked brokers on Real Capital Analytics (RCA). RCA’s latest figures revealed that Christie and Co sold
Hyatt Hotels Corporation (NYSE: H) announced plans to grow its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023. With over 20 executed managed and franchised agreements, Hyatt will add more than 3,600 keys to its existing portfolio of
Accor has announced it has opened the largest internationally-branded hotel in the Somerset town of Bridgwater – the 144-room ibis Bridgwater. Operated by Cycas Hospitality as part of a management agreement with Zeal Hotels and Sandgate Investors, the new-build property is the first ibis hotel in the UK to showcase
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