The tide may be finally beginning to turn for Manhattan hotel investors, thanks to a dip in the supply pipeline. Hersha Hospitality Trust, an owner of 12 New York City hotels, posted 1.2 percent growth in RevPAR.
Dubai to have drone taxis this summer
ItÕs traffic-busting technology worthy of cult 1960s cartoon familyÊThe Jetsons. The United Arab Emirates city of Dubai is set to become the worldÕs first to allowÊpassenger-carrying drone taxis, according to an announcement Wednesday from the Chinese manufacturer of the vehicles.
ZambiaÕs tourism attracts international brand hotels as AccorHotels expresses interest
ZambiaÕs tourism industry continues to attract international brand hotelsÊwith French-renowned AccorHotels expressing interest in bringing their brand into the country. Zambia is one of the most politically stable country in Africa with positive economic prospects that the country continues to show.
BHA offers to help Brexit Secretary hammer out immigration law
Hospitality and tourism leaders are urgently seeking a meeting with Brexit Secretary David Davis to hammer out an EU migration plan following Mr DavisÕÊ ÒhearteningÓ comments this week that the UK would keep its door open for service workers in hospitality, agriculture and social care.
Slashing rates towards a modern day hospitality industry
The Fair Work CommissionÕs (FWC) decision to reform Sunday and Public Holiday penalty rates is a first step towards a modern hospitality industry, the Australian Hotels Association said.
AccorHotels profits up 8.1 per cent following Fairmont Raffles acquisition
Despite a challenging environment, French hospitality group AccorHotelsÕ revenue was up 0.9 per cent in 2016. Decreasing tourism traffic in Paris following terror attacks saw a reduction in revenue of 2.8 per cent in France.
Maestro PMS cloud-hosted option is freeing up hoteliers
The Maestro PMS cloud-hosted option frees full service independent operators to be hoteliers again, providing single and multi-property operators enterprise system responsibility to Maestro cloud.
Kube Systems teams with KniTec to bring mobile device charging to more hotels
Kube Systems has announced that KniTec Inc., a value added reseller specializing in hospitality technology, is now featuring the Kube audio clock premium alarm clock, music player and multi-device charger, and the Kube 5 docking station housing five portable chargers via www.KniTec.com.
Cole Schotz formalizes restaurant and hospitality group
Cole Schotz P.C.Êhas announcedÊthe formal launch of its Restaurant and Hospitality Group led by New York-based members Jordan A. Fisch and David A. Rubenstein. The Group brings together a multidisciplinary team of attorneys drawn from the firm’s corporate, real estate, tax, employment and intellectual property practice groups to provide counsel at every stage of the business lifecycle.
Men still earn more in travel-related industries
TheÊdifference in the salaries men and women earnÊinÊAsia-PacificÕs travel, tourism, hospitality and lifestyle industry sectors is gradually widening, according to a major employment trends report released this week. The 2017 ÔSalary and Employment Trends ReportÕ by ACI HR Solutions, says while female executives are moving towards professional equality, their male counterparts continue to earn substantially more.
