Hyatt Completes Dream Hotel Group Acquisition
The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.
InterContinental Montreal Hotel Sold
Colliers Hotels and Eastdil Secured ILC announced the sale of the InterContinental Montreal on behalf of Pandox AB to Groupe Mach.
Dusit Hotels and Resorts to Open 14 Hotels and Resorts in 2023
Fourteen hotels and resorts are set to be added to Dusit's portfolio this year across China, Greece, India, Japan, Kenya, Nepal, and Thailand.
Goldwynn Resort & Residences Opens on Cable Beach in The Bahamas
Located just fifteen minutes from Linden Pindling International Airport and ten minutes from downtown Nassau, Goldwynn Resort features 81 residential-style accommodations including studios, one- two- and three-bedroom suites, and three expansive Edge suites.
U.S. Hotel Average Daily Rate for the Week of January 8th at $142.66 – 13.4% Above 2019
Revenue per available room (RevPAR): US$80.32 (+13.0%)
Onsite Utility Services Capital, LLC Announces Partnership with EPA’s ENERGY STAR® Program
Through its voluntary partnership with the ENERGY STAR Program, OUS will work to improve energy efficiency and fight climate change by helping its commercial building customers implement proven energy-saving strategies designed to enhance the organization’s financial health and preserve the environment for future generations.
What Customers Want and Expect While Traveling in 2023 – By John Smallwood, President Travel Outlook
How the hospitality industry is shifting from touch heavy to touch-free.
OYA Resorts Launches NFT Membership Models
OYA Resorts – where rooms average $450 a night and large private villas, up to $1,500 per night – is offering 1,500 members the opportunity to purchase a lifetime membership to the exclusive members-only OYA Resorts via their Local, Global and Corporate NFTs.
Healthy Growth for the Back End of the Latin America Construction Pipeline at Year-End 2022
In the recently released Latin America Construction Pipeline Trend Report from Lodging Econometrics Econometrics (LE), analysts report that at the close of Q4 2022, the total construction pipeline stands at 536 projects/87,827 rooms.
ChatGPT Passed an MBA Exam. What is Next?
Wharton professors Christian Terwiesch and Ethan Mollick weigh in on ChatGPT and why the controversial software has limitless potential to improve education, business, and a range of industries.