While hotel REITs were the most active buyers of lodging assets in the first half of 2011, they became almost extinct later in the year as their stock prices tumbled and their access to public markets evaporated.
This set covers February to April 2012, taken on the 1st week of February 2012 (all rates are in US dollars for two adults for a one-night stay).
Despite soaring room prices, local hotels were busier than ever during Chinese New Year, official figures released by the Macau Government Tourist Office (MGTO) yesterday show.
The country"s hotel industry has slumped over the past year, but the downturn is actually an advantage.
The Middle East/Africa hotel development pipeline comprises 496 hotels totalling 133,438 rooms.The Europe hotel development pipeline comprises 891 hotels totalling 143,484 rooms.The Asia/Pacific hotel development pipeline comprises 1,460 hotels totalling 355,957 rooms.
Hotel Métropole Monte-Carlo has announced the appointment of Satomi Kanai as Head Pastry Chef, overseeing the patisserie and managing a team of 11 staff in the hotel’s dining outlets including the Restaurant Joël Robuchon Monte-Carlo and Yoshi, under the supervision of Executive Chef Christophe Cussac.
Starwood Hotels & Resorts, said it will open about 20 additional hotels in India by 2015, as it scales up presence in Asia"s third-largest economy.
The extravagant, celebrity-strewn opening party of the Atlantis resort on the Palm Jumeirah in November 2008 was beamed worldwide by news channels.
Small Luxury Hotels of the World (SLH) has reported strong growth during 2011, with reservations increasing by 23% to £62.9m.
According to STR Global, the Chinese hotel market"s performance has remained positive year-to-November, with revenue per available room (RevPAR) growing 2.8 percent compared with the previous year.
The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.
Shangri-La Hotels Singapore has a new general manager.
Builders in China completed a 170,000 square foot, 30-story prefabricated hotel in just 15 days, ending on New Year’s Eve – and posted a time-lapse video (above) to show off their impressive feat, the Huffington Post reports.
This new year will usher in a fleet of luxury hotels slated to open in locations that range from the familiar (New York City) to the exotic (hello, Mauritius). We’ve chosen a short list of 10 hotels to watch in 2012.
A former Soviet aircraft carrier under renovation in Tianjin is set to become China"s first ex-naval hotel in 2012.
The beginning of the recovery for China"s hotel market began in 2010 and in 2011 demand increased further for rooms.
Steve Shalitof Leawood is complex general manager for Westin Crown Center and Sheraton Kansas City Hotel at Crown Center (formerly Hyatt Regency Crown Center). The two hotels, which have a combined 1,450 rooms and 150,000 square feet of meeting space, are owned by a subsidiary of Hallmark and, as of last month, are managed by the same company, Starwood Hotels and Resorts of White Plains, N.Y. Both hotels will be renovated in the next two years.
Mr. Nikholas Bauer has been appointed as Hotel Manager of Dusit Thani Bangkok.
HENDERSONVILLE, Tennessee—The U.S. hotel industry in November reported increases in all three key performance metrics, according to data from STR.
There are some indisputably major trends - I suppose the boutique hotel has been one of the bigger trends, as well as the expansion into hotels by luxury brands such as Bulgari.
This year has undoubtedly been a year of social media improvements at hotels worldwide; with every new change to Twitter and Facebook came a new social media addition and advancement from hotels.
The China Post news staff--The Tourism Bureau released the result of the latest evaluations for Taiwanese hotels yesterday: Another 34 hotels have passed the assessment and are now listed as star hotels, increasing the total number of five-star hotels in Taiwan to 31.
That seems to be the mantra of hotel industry analysts for 2012 after better-than-expected hotel demand this year appeared to put a brutal 2009 out of memory.
Several Asian hotel chains are ramping up their moves into the Chinese marketplace, pledging to build dozens of properties in the next five years as the country"s rapid urbanization, thriving middle class and growing popularity as an international destination make it one of the hottest markets for the hospitality industry.
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