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Hotels in the Middle East grew occupancy by 4.1% to 74.6% in April as ADR declined 7.1% to $148.28 and RevPAR decreased 3.3% to $110.62. Africa hotel occupancy rose 0.8% to 62.1%, ADR jumped 8.1% to $116.18 and RevPAR rose 9% to $72.15 for the month.
European hotel occupancy dipped 0.3% in April to 72%, but ADR rose 3.3% to €110.09 ($122.58) and RevPAR increase 3% to €79.29 ($88.29).
In the era of online reviews and social media, guest experiences at the front desk impact the financial success of your hotel. First impressions formulated at check-in bias guests' overall opinions, whether for better or for worse.
Paul Berry, a veteran hotelier who has managed several of the world's premier luxury resorts, has been appointed vice president of hotel operations for Sunseeker Resorts, a division of Allegiant Travel Company (NASDAQ: ALGT).
Rocco Forte Hotels has unveiled their second hotel in Rome today, Hotel de la Ville, following an extraordinary renovation to the historical 18-century palazzo.
The latest issue of the UNWTO World Tourism Barometer from the World Tourism Organization shows that international tourism continued to grow over the first quarter of 2019. Though at a slower rate when compared with the last two years, the 4% increase registered in early 2019 is a very positive sign.
New study reveals gig economy is alive and thriving in the hospitality industry with nearly 76% of hotels using contractors for senior hires
The total sale price agreed was Ps. $95.0 million plus VAT. This price represents a cap rate of 9.4% considering an NOI of Ps. $8.9 million generated by the hotel from May 2018 to April 2019.
The new hotel will be located in the middle of the 'new Marseille', the totally renewed urban area around the Marseille harbour and will have 194 rooms, 574 beds as well as 22 parking spaces.
Airbnb on Wednesday launched its Arabic website in a bit to grow its presence across the Middle East and North-Africa region, where it has over 70,000 listings.