Category: Recent News

IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces the signing of Vignette Collection, Union Han, Istanbul Karaköy, – marking the brand’s debut in Türkiye. The converted property, owned by Cortex Turizm, will become the 16th IHG hotel in the city once it opens in the second half of 2025.

Mews, the industry-leading hospitality cloud, has won the Tech Hero Award at CIODAY2024. The award is presented to companies that have built their business around a digital core, allowing them to continually adapt to industry changes and lead the way with innovations.

When was the last time you thought about your hotel’s door locks? While they might not be front of mind for many hoteliers, door locks are integral to hotel operations and guest experiences. However, many hotels still rely on outdated systems, creating challenges for security, maintenance and digital innovation.

Despite plenty of evidence for the “cognitive biases” from which all decision-makers suffer, an astounding number of managerial decisions is still based on gut feelings rather than solid analysis. Among the many reasons for this may be a certain level of apprehension about the complexity of quantitative analysis and the methods it entails.

The 2024 Wellness Real Estate Mid-Year Report, released by RLA Global in collaboration with HotStats, highlights the shifting dynamics within the wellness hospitality sector. The report uncovers a surprising profitability trend, with Minor Wellness hotels outperforming their Major Wellness counterparts in revenue and growth during the first half of the year. Powered by HotStats’ financial and operational data, this analysis provides critical insights into the evolving market.

In today’s highly competitive restaurant industry, operators are under more pressure than ever to deliver exceptional guest experiences while controlling costs. As labor shortages and rising expenses continue to challenge profitability, restaurant technology—especially robotics—is emerging as the key to sustainable growth and efficiency.

I recently saw a picture of an old Steak ‘n Shake restaurant. It reminded me of when my grandparents used to take me to Steak ‘n Shake every Sunday for lunch. As a kid, I loved their slogan, which was a rhyme: In Sight, It Must Be Right.

The hospitality landscape in 2024 is a study in contrasts. As we look toward 2025, global pricing trends reveal a resilient industry, but one marked by stark regional differences. Drawing on Lighthouse data, we’ll cut through the noise to examine the current state of play, with a spotlight on Asia-Pacific.

Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands, has revealed its GHA DISCOVERY members’ top destinations and travel motivations for 2025.

What could be safer than a Swiss bank? This article takes a deep dive into what Swiss authorities are doing to restore confidence in the country’s banking system. As discussed in a previous article, the Public Liquidity Backstop (PLB) is a measure implemented by the Swiss government to insulate the country’s banking system from a run on its systemically-important banks. Designed prior to the involuntary merger between Credit Suisse and UBS, the PLB will, at long last, go into effect in 2025. Yet, the measure could have unintended consequences that need to be fully considered. So how did Credit Suisse (CS) collapse in the first place?