Las Vegas Sands Corp. (NYSE: LVS) today announced it will not pursue the opportunity to develop an Integrated Resort in Osaka, Japan. Las Vegas Sands Chairman and CEO, Sheldon G. Adelson, said the company is focusing on development opportunities in the Japanese cities of Tokyo and Yokohama.
In the current market, most hotels, resorts and other venues are experiencing a significant softening in group demand. However, this does not necessarily mean that hotel salespeople are fielding fewer inbound leads, but rather multiple leads are coming in for dates that are in peak demand for transient and for other group business. Here in the era of electronic RFPs, where one piece of business generates a proposal request for 8, 10 or more properties, hotel salespeople are perhaps busier than ever simply keeping up with what often feels like 'lead spam.'
e-forecasting.com earliest and always final reading of U.S. consumer confidence, for the world's largest consumer market of $15 trillion, fell in August, after five consecutive monthly increases since last March.
Travel is the sixth-largest industry in terms of ad spending in the US this year, according to our newest estimates. Rising competition and a strong economy are prompting travel companies to increase their ad budgets to capture a larger market share.
The US lodging industry appears to be at an inflection point, driven by a combination of decelerating demand as well as continued economic and global trade risks.
This major milestone was achieved following the launch of a series of new Indonesian hotels in recent weeks. The 104-room Swiss-Belinn Gajah Mada Medan in North Sumatra and 150-room Swiss-Belhotel Bogor in West Java both started welcoming guests in May 2019, and the 107-room Swiss-Belhotel Serpong opened in southwest Jakarta on 1st June.
The group announces the scheduled opening of its seventh hotel in the leading holiday destination in Bulgaria
The agreement represents the third and fourth Doha properties Centara will manage on behalf of Al Bandary, which also owns Centara West Bay Residences & Suites Doha, an upper upscale property that opened earlier this year and recently earned a 5-star official classification from the Qatar National Tourism Council (QNTC); and the previously signed Centara Grand Hotel Doha scheduled for opening in 2020.
Owned by Prince William – Telegraph Rd, LLC and managed by HMP Properties, Home2 Suites by Hilton Woodbridge Potomac Mills offers all-suite accommodations with fully accessorized kitchens and modular furniture, providing guests the flexibility to customize their suite to their style and preference.
The 208-room, 10-story luxurious waterfront hotel located at 550 Avenue at Port Imperial is managed by HEI Hotels & Resorts of Norwalk, Connecticut.