Since the start of Zika, total hotel registrations from Jan.-Sept. in 2016 are 1.6% above 2015 and non-resident hotel registrations are 1.4% above the record breaking year.
Banyan Tree and AccorHotels announce strategic partnership
AccorHotels will take a 5% stake in Banyan Tree to help it expand around the world. The deal also provides Banyon Tree access to AccorHotels’ global reservations and sales network and loyalty programme Le Club AccorHotels.
Global hotes and motel industry exceeds $719 billion
MarketLine’s latest report shows that the US and the UK form the two largest national hotel and motel industry markets, valued at $189.6 billion and $59.8 billion, respectively. China follows as a close third, with a value of $59.6 billion.
TripAdvisor announces Travellers’ Choice Destinations on the Rise list
The awards recognise 43 destinations around the world selected by an algorithm primarily measured by year-over-year increase in positive TripAdvisor traveller review ratings for accommodations, restaurants and attractions, and increase in booking interest.
Hotel investment climate remains favorable: Cornell Study
Prospects for hotel investors remain reasonably favourable even if interest rates move upward, based on an analysis of hotel capitalization rates.
Marriott doubles luxury footprint across eight brands
The Marriott International Luxury Brands group now includes the St. Regis, The Luxury Collection and W Hotels brands, in addition to the company’s hospitality hallmarks The Ritz-Carlton, Ritz-Carlton Reserve, Bulgari Hotels & Resorts, EDITION and JW Marriott.
Green Lodging Trends Report identifies eco-friendly practices for hotels
As environmental concerns have become more prominent on the world stage, a number of common green practices have been implemented in hotels that go beyond the more familiar approaches such as encouraging guests to re-use towels and linens in order to save on water and reduce pollution from detergents.
sbe completes acquisition of Morgans Hotel Group
The deal expands sbe’s portfolio to 22 hotels, and 129 venues to position sbe as a leading global lifestyle hospitality brand.
Wyndham Hotel Group acquires Fën Hotels
The acquisition expands Wyndham Hotel Group’s management operations and presence across Latin America, adding 26 management contracts across Argentina, Peru, Costa Rica, Uruguay, Paraguay, Bolivia, and the U.S.
EHL’s Lausanne Report looks into the 2030 hospitality industry with a horizon
Ecole hôtelière de Lausanne has released an inspirational analysis of two years of extensive market research and exclusive interviews with prominent business leaders. The study provides reader-friendly reflection on some of the most important forces that are shaping today’s world and their long-term impact on the hospitality industry.
