Category: Recent News

M3, LLC (“M3”), voted the number-one hospitality accounting software in North America, today announced it has signed a definitive agreement for a majority investment from Blackstone Growth and affiliated funds (collectively “Blackstone”). The investment will help to accelerate the company’s growth by enhancing new product expansion and supporting the adoption of M3’s software, which enables hotel operators to run more efficiently and effectively. AAHOA, representing nearly 20,000 hotel owners and 60% of hotels across the United States, will make its first ever strategic investment alongside Blackstone.

Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions and services, today announced Joe Youssef – who has led multiple functions, solution verticals and regional markets during his 18-year career at global travel and tourism technology innovator Amadeus – will join the Company as Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer.

In the Q2 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the region’s total pipeline stands at 1,680 projects/249,454 rooms at the quarter’s close.

The following is an excerpt taken from SiteMinder’s blog. Technology has undeniably brought a world of convenience to revenue management. And, as we look to the future, it will take on a greater and more central role as the practice undergoes a fundamental shift.

Sebastian Lang and Marcus Schwander, founding partners of Miami-headquartered Lang & Schwander, a hotel interior design firm specializing in FF&E (furniture, fixtures, and equipment), have acquired the Hotel Engadinerhof, located in Pontresina, a picturesque mountain village in southeast Switzerland. Terms of the sale were not disclosed.

To further showcase diverse voices at hospitality industry conferences worldwide, the Women in Hospitality Leadership Alliance has introduced an interactive Speaker Directory featuring over 700 talented senior-level women with subject matter expertise across all facets of the hospitality industry.

ITB Asia announces 2024 conference theme as “Innovating for Tomorrow: Strengthening Future Resilience in Travel and Tourism”. The conference spans over 3-days from 23 – 25 October at the Sands Expo & Convention Centre in Singapore, alongside MICE Show Asia and Travel Tech Asia. Across three stages, renowned industry experts, including notable figures from Almaty Tourism Bureau, Booking.com, Croatian National Tourist Board, Dubai World Trade Centre, FCM Meetings & Events, Live Group, MG Group, Skyscanner, Tripadvisor and World Travel & Tourism Council (WTTC), will explore, debate and discuss the latest insights revolutionising the travel and tourism sector.

Recently, Bob Newhart, a famous comedian and actor, passed away. He started his career as a stand-up comedian and eventually hit it big on television, starring in a TV series aptly named The Bob Newhart Show. His awards include three Grammy Awards, an Emmy Award, a Golden Globe, and the Mark Twain Prize for American Humor. In 1960, his comedy record The Button-Down Mind of Bob Newhart reached No. 1 on Billboard’s pop album chart.

The hospitality industry is no stranger to buzzwords. From “luxury experience” to “personalized service,” we’ve heard it all. But few terms have generated as much excitement—and skepticism—as Artificial Intelligence (AI).

At 58 meters tall – just a little taller than the Leaning Tower of Pisa, but with considerably more heft – the St. Pauli bunker in Hamburg, Germany, has dominated the city skyline for just over 80 years.