The study, Benchmarking Beyond RevPAR, revealed that the 235% growth in BAR bookings was at the expense of a 17.2% reduction in rooms revenue derived from commercial-related sources during the same 15-year period.
HNA Group buys a 25 percent stake in Hilton
The transaction is valued at approximately $6.5 billion, or $26.25 per share in cash, reducing Blackstone’s interest in Hilton to approximately 21 percent.
Red Roof Forum on Leadership for Women Entrepreneurs aims to encourage female hotel owners
The Forum is intended to give women the tools they need to manage their hotel businesses more effectively and efficiently, to help them rise in the ranks within a hotel company, grow their businesses with acquisitions and/or investments as well as tips on future planning and steps to success.
German hotel market still leading in Europe
Currently there are 595 hotels in the pipeline for Germany, which equates to almost a third of all hotel construction projects in Europe.
Atelier de Hoteles announces US$700 Million investment in Mexico
Atelier de Hoteles’ business plan involves the opening of five thousand rooms within the 20 hotels to be built in cities and leisure destinations in Mexico in the next five years.
Hajj pilgrimage boosts tourism in Saudi Arabia to over 20 million visitors by 2020
While the Hajj is an established ritual in the Islamic world, its importance as a tourism destination has been transformed in recent times, with the Saudi government investing heavily in new hotels.
“Workventure” is the new “bleisure”
Hotwire is trying to redefine the way travelers approach the intersection of business and leisure.
AccorHotels partners with LinkedIn to connect business travellers
All AccorHotels guests can use the new feature, Business Check powered by LinkedIn, to identify people in their professional network who are based in the city they are in or find relevant profiles to connect with.
Substantial benefits from tabletop ordering technology: Cornell study
A new study from the Cornell Center for Hospitality Research (CHR) finds that the tabletop technology can both speed table turns and increase average checks.
Hilton celebrates meeting, event and travel professionals as “WowMakers”
Hilton launched WowMakers, its largest-ever B2B marketing initiative, with tools and resources to support and inspire meeting, event and travel professionals to truly “Wow” their attendees and clients.
