A total of 655 properties, averaging 156 rooms, changed hands in 2018 with the average price per key growing by 8% in 2018, reflecting the quality of the hotels that were sold, as well as a growth in values. @HVS_Consulting
European pipeline soars despite economic slowdown throughout the region
The record counts come despite concerns of slower growth throughout the region, shrinking demand for the region’s exports, Brexit uncertainties, and political tensions in many countries. @LodgingEconomet
Skal India inaugurates second club in Mumbai
Skal International Mumbai South was inaugurated on Friday 22nd February 2019 at the ITC Maratha hotel, Mumbai International Airport. @Skal_Intl
US retains the world’s largest travel & tourism economy
US travel sector grows despite trade tensions. @WTTC
Business travel trends for 2019
Here are some forecasts and predictions, provided by WorldHotels, that will shape the business travel sector this year. @Worldhotels
Tapestry Collection by Hilton sets sights on ambitious expansion with a pipeline of 45 hotels
Portfolio to hit impressive milestones, including opening its first hotel in the Pacific Northwest and growing its collection of upscale hotels over the next few years. @TapestryHilton
Choice Hotels expands in Western US
The hotels will be built in the Phoenix metropolitan area and across California, and the first hotel is set to open in 2021. @ChoiceHotels
Marriott to debut more than 30 luxury hotels worldwide in 2019
With planned openings from Aspen and Ibiza to Venice and Cairo, Marriott International continues to redefine the high-end travel landscape with its portfolio of eight distinct luxury brands. @MarriottIntl
Accor unveils new lifestyle loyalty program
Bringing augmented hospitality to life. @Accor
Hyatt and Homeinns partner up to create new hospitality brand
Joint venture will leverage strengths of Hyatt and Homeinns, creating new hospitality brand aimed at meeting the evolving travel trends in China by offering a different premium travel experience in the upper-midscale segment. @Hyatt
