Today, the highly anticipated Omni Tempe Hotel at ASU announced that it is accepting reservations for stays beginning on April 28, 2023, with rates starting at $275 per night.
The Ritz-Carlton announces new partnership with Diptyque
Introducing premier Diptyque bath amenities across the portfolio, The Ritz-Carlton will celebrate the partnership with a bespoke gift set and pop-up shops at select properties around the world this festive season
Hotel conversions in Europe’s Hotel construction pipeline reach all-time high
According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/with 258,476 rooms. Projects under construction in Europe stand at 790 projects/with 126,899 rooms, while projects planning to start construction in the next 12 months recorded 408 projects/with 60,085 rooms. Projects in the early planning stage have 462 projects/71,492 rooms.
Splendid Hospitality expands portfolio with Mercure
Splendid Hospitality, one of the UK’s fastest growing privately-owned hospitality management companies, has expanded its portfolio with the new Mercure Dumfries Cargenholm House, due to open 5 December 2022. Located close to the historic market town of Dumfries yet surrounded by countryside, the hotel offers an idyllic getaway for a break in coastal Scotland.
Baird/STR Hotel Stock Index jumped 15.8% in October
The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%.
London’s hotel ADR and RevPAR surpassed pre-pandemic levels in October
London’s hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the pre-pandemic comparable, according to preliminary October 2022 data from STR.
U.S. hotel results for week ending 12 November
U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR‘s latest data through 12 November.
Cora Cora Maldives celebrates a triumphant first year
It’s Freedom Time! Cora Cora Maldives is celebrating the fantastic achievements it has attained in its first year of operation. Over the past 12 months, Cora Cora Maldives has been recognised for its commitment to sustainability, exceptional resort and facilities, and commitment to its guests. Spanning continents, the accomplishments achieved by the five-star resort are a true homage to the dedicated work that the Cora Cora Maldives team undertakes daily.
Asia Pacific’s Hotel construction pipeline, excluding China, is up 7%
According to the recent Q3 2022 close of the Construction Pipeline Trend Report for the Asia Pacific region from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects/401,545 rooms, up 7% by projects and 5% by rooms Year-Over-Year (YOY).
China’s Hotel construction pipeline has record high project
In the recent China Construction Pipeline Trend Report from Lodging Econometrics (LE), LE analysts report that China’s total hotel construction pipeline, at the close of Q3 2022, stands at 3,604 projects/684,288 rooms, up 1% by projects and unchanged by rooms year-over-year (YOY).
