Category: Recent News

Travelodge acquires six Spanish hotels from Louvre, Barcelo acquires Quinta das Vistas Palace Gardens in Madeira, The July acquires former Holiday Inn Amsterdam South from Invesco, Extendam acquires Mercure Hotel Den Haag Central in the Netherlands.

The Hospitality Industry Sentiment (HIS) survey is STR’s quarterly study capturing the experiences and expectations of travel industry professionals. This survey began in Q4 2022, and with the fifth edition completed in Q1 2024, some trends have solidified while others appear to be reversing course.

The leading hospitality technology provider HotelRunner got the highest title of Strategic Partner at the 2024 Agoda Connectivity Partner Program. The program, designed to recognize top technology providers in the hospitality industry, highlights HotelRunner’s commitment to excellence and innovation in serving its accommodation partners.

LinkedIn is more than just a platform for networking—it’s a critical tool for career advancement and professional visibility. Leveraging insights from the recent meeting of the HSMAI Sales Advisory Board members, here are seven tips you can use to become a LinkedIn thought leader.

In the fiercely competitive hospitality sector, hotels compete for travelers seeking accommodation that blends convenience, comfort, and unforgettable experiences. The hotel’s location plays a crucial role in attracting guests and influencing their choices. Hotels near popular travel destinations hold a competitive edge, leveraging nearby attractions to enhance their appeal and drive growth.

Hospitality Net and Hospitality Financial and Technology Professionals (HFTP®) are collaborating on a brand-new survey which aims to gather and analyze data on current investment trends, funding needs, future investment priorities, technology adoption rates, and the overall market dynamics within the hotel technology ecosystem. The objective is to identify areas of growth, potential investment opportunities, challenges facing the sector, and how technological innovations are shaping the future of the hotel industry.

An effective partnership between the Chief Marketing Officer (CMO) and Chief Financial Officer (CFO) is crucial, as research shows that finance and marketing are intrinsically linked. Therefore, aligning marketing initiatives with the broader financial strategy leads to better performance. CMOs are tasked with deploying budgets in ways that they believe will maximize business growth through strategic marketing efforts. Simultaneously, CFOs are responsible for overseeing the company’s financial health, ensuring budgets are allocated wisely and costs are controlled to safeguard and enhance the organization’s financial standing.

Hilton has announced the launch of its fourth-annual Travel Advisor Appreciation Sweepstakes for National Travel Advisor Appreciation Month, celebrated each May to highlight the contributions of advisors to the overall travel industry. To participate, travel advisors are encouraged to review an overview of Hilton brands and offerings and complete a short quiz. Travel advisors who enter the sweepstakes in May will have an opportunity to be among 10 winners selected to win 100,000 Hilton Honors Points, which can be used at any of Hilton’s more than 7,600 properties worldwide.

Plugging the huge shortage of staff in the hospitality sector is a narrative we’ve been grappling with for years now. People are no longer surprised to hear that there are more than 100,000 vacancies in hospitality at any one time, nor that the proportion of vacancies has increased by 48% since the Covid-19 pandemic (UK Hospitality).

World of Hyatt, Hyatt’s award-winning loyalty program, is teaming up with Peloton (NASDAQ: PTON) to become the first global hospitality loyalty program with plans to reward its loyalty members for doing more of what they love – earning World of Hyatt points when they use Peloton equipment at Hyatt properties in countries where Peloton currently operates. In the future, that will mean more opportunities to earn World of Hyatt points to apply towards future bookings, upgrades and experiences just by investing in their own wellbeing when they travel. The collaboration is set to outfit 800+ Hyatt properties with Peloton equipment and provide access to Peloton classes on guestroom TVs at nearly 400 properties for guest and member enjoyment this year. World of Hyatt will provide more information to members on how they can earn under this collaboration.