Category: Recent News

CBRE forecasts U.S. RevPAR growing by 1.2% in 2024, down from its earlier expectation of 2.0% growth. Despite the reduced full-year expectations, RevPAR growth is expected to improve in H2 2024, increasing by 2.0% versus just 0.5% in H1 2024.

Scandic has signed a long-term, revenue-based lease agreement with property owner AXA Investment Managers to take over a 174-room hotel in central Stuttgart. The hotel will be renovated and adapted to Scandic’s brand and operational standards before the planned opening in the fourth quarter 2025.

Hyatt Hotels Corporation (NYSE: H) today announced the completed acquisition of the brands and most of the affiliates of pioneering lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt’s leading position in the industry’s premier lifestyle segment, building on both Hyatt’s organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023.

As the hospitality sector particularly in Europe seeks to enhance its social impact and reach the SDGs, there are valuable lessons to be learned from the gastronomic industry worldwide. Particularly, hotels can develop innovative business models that benefit their operations and contribute positively to their communities by working on product sourcing, collaborations, and measuring impact.

Red Roof®, an award-winning leader in the lodging industry, unveiled a blueprint for continued profitable growth at its brand conference for more than 1,000 franchisees, team members and partners. Red Roof President Zack Gharib laid out a concrete path forward to elevate one of America’s best-known lodging brands. In his address to the Red Roof franchise community, Gharib told conference attendees, We are an iconic American brand, and we are living the American dream.

Nailing your hotel venue sales process is no easy feat – in fact, realistically speaking, is it ever truly complete? Part of being in the hospitality industry is rolling with waves of change. However, if you’re consistently struggling to get venue sales in the door (or converted to function bookings), there may be a few elements at play that you can identify and improve. Let’s take a closer look.

Did you know 94% of hotel IT decision makers are planning to invest in technology this year? Amadeus recently released a survey of 100 senior hospitality leaders across ten major markets, and the results are both eye-opening and encouraging.

Will hospitality face another Google challenge now that the search engine has changed its approach to eliminating third-party cookies?

With so many hotels and lodgings available to guests, it can be hard to stand out from the competition. To do so, you’ll need a strong brand to guide the experiences you offer, aided by the smartest hospitality tech.

Luis Riu Rodríguez and Roberto Riu Rodríguez, the sons of Luis Riu Güell and members of the fourth generation of the Riu family, have played an important role at the chain for several years, leading expansion projects and analysing investment opportunities, as well as working in the RIU Group’s Technical Advice Office (GAT), which is responsible for the chain’s major refurbishment projects and designing, constructing and fitting out all of the company’s new hotels. Having initially carried out this task alongside their father, they’re now flying solo and each of the brothers oversees certain regions and projects.