Category: Recent News

Transaction volume reached €122M in the first half of 2024, 27% less than in H1 2023. This was primarily due to the lack of hotel assets for sale in the CEE region, geopolitical uncertainty, and the high cost of financing. However, this has changed in recent months. Several properties are in various stages of disposition, and this, combined with continued performance growth, improved access to debt, and rising investor interest, is expected to boost volumes in the next 12 months.

ATLANTA, Georgia, United States, August 19, 2024 – Shiji, the global hospitality technology innovator, and FreedomPay, a leading provider of secure commerce technology, have announced a partnership that marks a significant expansion into the Mexican market. This partnership underscores Shiji and FreedomPay’s commitment to improving staff and guest experiences in the hospitality businesses across Latin America, aligning with the industry’s shift towards smoother payments and payment management.

Marriott International, Inc. (NASDAQ: MAR) announced a long-term licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, “Sonder”), which is expected to add over 9,000 rooms to Marriott’s portfolio by year-end and approximately 1,500 rooms to its pipeline. Under this agreement, Sonder’s open and pipeline portfolio, which primarily consists of apartment-style accommodations in urban markets, is expected to be added to the Marriott system under a new collection called “Sonder by Marriott Bonvoy.”

Branded residences, one of the fastest-growing sectors in hospitality, will take center stage at FHS World (30 September to 2 October), with a dedicated, full-day conference led by one of the sector’s leading innovators Accor One Living.

Since opening their first bar in 2016, they have launched several new venues across Guangzhou and Shenzhen. They also run one of China’s top Food & Beverage (F&B) consultancy firms and have received major accolades, with their bar named Mainland China’s best in both 2023 and 2024.

Heimstaden and Core Hospitality have signed a 15-year contract on the lease and operations of the hotel “A Place to” in Esbjerg, Denmark. The hotel will also expand from 117 guest rooms to 214 guest rooms and will change its name as it seeks to partner with an international brand.

A strategic look at what hospitals stand to learn from their neighboring industry, hospitality. Though serving different purposes, both sectors share potential success factors. In terms of developing a stronger sense of customer satisfaction for the patient, many lessons can be learnt from analysing what hospitality strives to do well.

Travelers are squeezing the last drops out of summer as U.S. hotel room demand strengthened year over year (YoY) for the fourth straight week. Occupancy has increased in three of those weeks with growth softened by a small supply increase. Average daily rate (ADR) has continued to rise, pushing RevPAR gains for the past four weeks, but at a rate below the level of inflation.

I am hearing reports of some spammers or hackers hijacking some Google Hotel listings by marking some hotels as permanently closed and also changing the phone numbers to WhatsApp numbers. This can be a huge concern for many hotel operators, but I am not sure how widespread the issue is.

Inc. revealed that Curacity ranks No. 394 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment – its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.