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Hospitality
2024-04-24 19:54:17| Hotel Resource
Promotes Red Roof Executive Fouad Malouf to the Newly Created Position of Chief Operating Officer
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Hospitality2024-04-24 19:54:17| Hotel Resource
The signing marks Nobu's third venture in Egypt, following the unveiling of Nobu Hotel, Restaurant, and Residences in both West Cairo and North Coast Egypt last summer.
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Hospitality2024-04-24 19:54:17| Hotel Resource
Llama 3, the AI model introduced by the US&based social media company Meta Platforms Inc. (Meta), has sparked a wave of reactions from technology and AI influencers. Influencers on the 'X' platform are buzzing with excitement over Llama 3's launch, viewing it as a transformative step towards democratizing AI, which led to a sharp rise in discussions around 'Llama 3' during the third week of April, reveals Social Media Analytics Platform of GlobalData.
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Hospitality2024-04-24 19:54:17| Hotel Resource
STR's global 'bubble chart' update for the four weeks ending 6 April 2024 shows 60% of markets with year&over&year growth in revenue per available room (RevPAR). That volume was noticeably less than the 77% of markets with growth in our last update, showing more of the world has reached a normalization period.
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Hospitality2024-04-24 19:54:17| Hotel Resource
Steve Jobs once said, 'The mark of an innovative company is not only that it comes up with new ideas first, but also that it knows how to leapfrog when it finds itself behind.' There is, perhaps, no more relevant sentiment to apply to the hospitality industry. I recently had an insightful conversation with Feng Ou. We discussed his experience starting up in Silicon Valley, the evolution of DerbySoft, and potential strategies for hoteliers to keep up with market changes.
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Hospitality2024-04-24 03:53:02| Hotel Resource
Dan Emert, Managing Principal of Prime Investment Properties and member of Hotel Brokers International, developed the marketing strategy and led the negotiations in the transaction. The Virginian Hotel has been acquired by JET Hospitality for an undisclosed price.
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Hospitality2024-04-23 23:53:34| Hotel Resource
Hoteliers face an onslaught of challenges every single day. That's why we compiled the 2024 Hotelier Sentiment Study where we uncovered the top concerns of hoteliers just like you. On this episode, we go through the data and discuss the top 4 takeaways.
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Hospitality2024-04-23 23:53:34| Hotel Resource
Meeting professionals in Latin America are shown to have the highest levels of optimism of any region when it comes to the health of the meetings and events industry. In fact, 86% said they would rank themselves as 8 or higher on a scale of 1&10. An impressive number. And 73% expect their meeting spend to increase from 63% in 2023.
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Hospitality2024-04-23 23:53:34| Hotel Resource
The Hospitality Sales and Marketing Association International (HSMAI) has announced the launch of the Commercial Effectiveness Organizational Assessment, a tool providing a structured framework for assessing where a hotel organization's commercial structure is strong and where improvements are needed.
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Hospitality2024-04-23 23:53:34| Hotel Resource
Hotels in Jacksonville, Florida, experienced a robust March, driven in part by an influx of visitors for the 50th edition of THE PLAYERS Championship at TPC Sawgrass. This surge in demand coincided with the entrance of several new hotels into the market, which affected hotel performance metrics.
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