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Economics at hospitalitynet.org

Tuesday, Jul 2

15

Songtsam Resorts Unveils Newest Property

Songtsam Hotels Resorts & Tours, an award-winning luxury boutique hotel collection located in the Tibet and Yunnan Provinces of China, announces the opening of its newest property, Songtsam Lodge Bingzhongluo, marking the brand’s 17th…

13

Phist Strikes Again! Southeast Asia’s Biggest Sustainable Tourism Event Reveals Top-Level Speakers for 2024

PHIST (Phuket Hotels for Islands Sustaining Tourism), Southeast Asia’s biggest sustainability event for the travel and hospitality sectors, will return to spark conversation and drive the green agenda this September, with an impressive…

Recognizing Technology Advancements in The Lodging Industry

I am privileged to have built a career in hospitality technology at an opportune time, as technology emerged as a powerhouse in the industry. I became passionate about hospitality technology as an undergraduate student in the early 2000s.

12

Minor Hotels Announces First NH Collection Property in Thailand

Minor Hotels, a leading hospitality group, has announced the upcoming rebranding of Peace Resort Samui into NH Collection Samui, marking the arrival of NH Collection - an upscale brand synonymous with European refinement - to Thailand.…

HBX Group and PerfectStay join forces to offer roll-out B2B2C travel packages globally

HBX Group, a leading player in the B2B TravelTech ecosystem, announces today a strategic partnership with PerfectStay, a leading B2B company specialising in tailored holiday packaging. This collaboration aims to create a new global leader…

Cygnett Hotels & Resorts launches a comprehensive leadership program to train hospitality leaders

In a major initiative to train current and emerging hospitality industry leaders, Cygnett Hotels & Resorts has recently introduced its Comprehensive Cygnett Leadership Development Program (CLDP).

APAC: Economic Boom or Financial Gloom?

2024 has been very intense. Throughout my career as a hotelier, I’ve gone through 9/11, a few wars, a world financial crisis, pandemics, and a tsunami to name but a few significant milestones. And yet, 2024 has been the most intense year…

11

TrustYou Announces Launch of AI-powered Customer Data Platform (CDP)

Munich, July 2, 2024 - TrustYou, a global leader in guest feedback and reputation management solutions, is proud to announce the launch of its groundbreaking Customer Data Platform (CDP). This new AI-powered platform is designed to…

02

Since When Have EV Chargers Become a Necessity for Hotels?

I rented a pure electronic vehicle (PEV) or battery electric vehicle (BEV) for a road trip to Palm Springs in January. That was the first time I took a trip with an EV, and I discovered that a PEV was only good for short or daily commutes.…

Monday, Jul 1

12

Blackstone Real Estate Acquires Village Hotels

Blackstone Real Estate (“Blackstone”) announced on June 26th that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading…

From Chatbots to Smart Rooms: How AI is Personalizing and Transforming Your Next Hotel Stay

The integration of Artificial Intelligence (AI) in the hospitality sector is reshaping how hotels operate, enhancing guest experiences, improving operational efficiencies, and even bolstering their sustainability efforts. From smart room…

Scandic launches sustainability-linked long-term financing

Scandic has carried out a refinancing of the company’s credit facilities with a group of banks that will ensure robust, flexible and long-term financing adapted to the Group’s growth strategy and strong financial position.

11

New Report Reveals Changing Face Of Luxury Travel In Asia Pacific

As the Asia Pacific region continues to be the growth engine for luxury travel, a new comprehensive report from the Luxury Group by Marriott International has identified new expectations and travel preferences among high-net-worth (HNW)…

10

UK Hotel investment totals £3bn in H1 as portfolio transactions drive activity

The return of portfolio transactions has bolstered UK hotel investment during the first six months of 2024 with investment totalling £3 billion, up from £990 million over the same period in 2023 and far beyond last year’s full year total …

The Mille Club: Learning from a Luxury Airline

Can hotels learn from an airline? Immediately, we suspect you may have said to yourself: unequivocally, no! And frankly, until a recent trip on Emirates Air, the two of us would have also been in the same camp.

Friday, Jun 28

16

Trinity Investments Announces Expansion of Leadership Team in Europe

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Trinity Investments (“Trinity”), a U.S.-based hospitality-focused real estate investor, announced today it has expanded its leadership team in London to service opportunities in the European market. Mai Kawashima has joined as a Vice…

15

Bespoke Hotels announces transformative rebranding

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The UK’s largest independent hotel group has announced its transformative rebranding – reflecting its dedication to exceeding guest expectations and delivering exceptional experiences across its growing portfolio of hotels.

Education and diversification recognized as key to future of tourism in Asia and the Pacific

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According to UN Tourism’s data, the sector is experiencing a rapid recovery in Asia and the Pacific, with arrivals reaching 82% of pre-pandemic levels in the first quarter of 2024, boosted by the re-opening of many destinations throughout…

Australia’s Tourism Sector Set to Contribute Record-Breaking $265BN to the Economy

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The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) forecasts Travel & Tourism will contribute more to Australia’s economy in 2024 than any previous year on record.

14

U.S. hotel results for week ending 22 June

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The U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through 22 June. CoStar is a leading provider of online real estate marketplaces,…

Thursday, Jun 27

22

HITEC 2024 Welcomes Nearly 6,000 Industry Stakeholders to Explore Latest in Hospitality Technology

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The Hospitality Industry Technology Exposition and Conference (HITEC®) was created over 50 years ago to break barriers and celebrate innovation in the hospitality technology space, a purpose that has resonated with the industry, attracting…

16

Junk Fee Law: Exception to SB 478 for California Restaurants Moves Forward

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In the morning hours of June 25, 2024, the California Assembly unanimously approved Senate Bill 1534, an emergency response to the special interests of restaurants and labor (the California Restaurant Association and UNITE HERE), exempting…

Some Customers Aren’t Worth Doing Business With

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In some of my customer service speeches, I joke that some customers aren’t worth doing business with. The way I position it in the speech is funny, but in reality, it’s pretty serious. Sometimes, a customer isn’t worth doing business with…

15

GrowthCurve Capital Acquires Duetto

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Duetto (“Duetto” or the “Company”), a leading provider of revenue management software for the hospitality industry, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business…

The Ritz-Carlton Yacht Collection Announces First Asia-Pacific Season Aboard Luminara, Its Third Luxury Superyacht to Debut

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Underscoring its commitment to culturally immersive and extraordinary journeys while setting a new standard in ultra-luxury cruising, The Ritz-Carlton Yacht Collection expands its curated offerings across the globe, delivering…

14

Asia Pacific Hospitality Newsletter - Week Ending 21 June 2024

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Kasumigaseki Capital Acquires Hotel and Land in Japan for Future Hotel Development, Star Asia Group Acquires Japan-based Hotel Operator Minacia from Unison Capital, Malaysia Extends Visa-exemption for Chinese travelers until the End of…

HVS ANAROCK Hotels & Hospitality Overview, June 2024

www.hospitalitynet.org

Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.

Hyatt Announces Two New Senior Vice President Roles to Drive Growth in EAME Region

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On the heels of another year of industry-leading net rooms growth, Hyatt has appointed two new Senior Vice Presidents to support the business’s ongoing growth journey in the Europe, Africa and Middle East (EAME) region.

65% of global markets post year-over-year RevPAR growth

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STR’s global "bubble chart" update for the four weeks ending 15 June 2024 shows 65% of markets with year-over-year growth in revenue per available room (RevPAR). The percentage has remained between 60% and 77% with much of the world firmly…

11

Evolving Tech Landscape: FCS Solutions Extends Footprint In The Americas To Cater To Increasing Demand For Hotel Technology With Two New Offices In Canada & Mexico

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FCS Solutions, global leading provider of hospitality technology, continues its strategic expansion across the Americas, with a focus on Canada and Mexico. The addition of these two new offices further fortifies the company’s commitment to…