Shorter lease tenor property types, such as hotels, self-storage and apartments would see strongest and most immediate benefit if the Trump administration succeeds in accelerating US economic growth with infrastructure spending and tax and regulatory reforms, according to a new report released by Fitch Ratings.
To empower TravelClick’s media campaign managers to more effectively drive direct booking revenue for their hotel clients, TravelClick, a global provider of innovative, cloud-based and data-driven solutions for hotels to maximize revenue, has announced the launch of the hospitality industry’s only Media Intelligence Platform.
Looking to draw new clients? A new study from HotelsCombined points to the continued importance of mobile devices for travelers looking to book their vacation. According to the study, hotel bookings on mobile devices increase 67 per cent in the US in 2016 compared to the previous year.
Club Med is on an expansion tear following its 2015 acquisition by China’s Fosun Group. The Paris-based originator of the all-inclusive resort plans to open 15 properties and renovate nine over the next three years, with a heavy emphasis on its parent company’s home turf.
New York City has been working through an enormous hotel construction pipeline for the past several years — the largest in the nation — and one that is expected to keep a lid on rates and room revenue until sometime next year.
Wall Street is abuzz after billionaire hotel owner Sam Nazarian’s confirmation that he expects to close a giant merger with Hakkasan Group within 60 days that will form a huge hotel, restaurant and nightclub operation headquartered in Las Vegas with a $1 billion valuation.
Expedia group, the world’s largest online travel company, today announced Guest Review Insights, a new sentiment analysis tool to help hotels manage and improve their online reputation, and as a result, attract more travellers while maximizing guest experiences on property.
Hilton Garden Inn has announced a revamped hotel design approach that provides six new, customizable hotel prototype options – one for each region of the world where the brand operates. The prototypes are designed for hotel developers seeking to cost-efficiently expand their portfolios while maximizing revenue.
The American Hotel and Lodging Association (AHLA) has applauded the Senate Subcommittee on Consumer Protection, Product Safety, Insurance and Data Security for taking another step in raising awareness about the prevalence and significant impact of online hotel booking scams on American consumers.