The European hotel market in October 2024 showcased overall stability and moderate growth across various segments. Global occupancy rates improvedslightly to 74.3%, reflecting a +1.0-point increase compared to the previous year. ADR saw a slight decline of -1.0% to €132.7. RevPAR, supported by steady demand, grew marginally by +0.4% year-on-year...
The Unbound Collection by Hyatt Brand Debuts in Southeast Asia
Hyatt Hotels Corporation (NYSE: H) announced today the opening of Keraton at The Plaza, a luxury hotel and distinguished address in Jakarta that reimagines Indonesia’s royal palaces for the discerning traveller, offering access to an exclusive private club for dining and socializing. The opening also marks the debut of The...
Hyatt Discloses Exclusive Discussions with Playa Hotels & Resorts N.V.
Hyatt Hotels Corporation (the “Company” or “Hyatt”) (NYSE: H) disclosed it has executed an exclusivity agreement with Playa Hotels & Resorts N.V. (“Playa”) (NASDAQ: PLYA) under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic alternatives, which may include the acquisition of Playa by Hyatt.
IHG Hotels & Resorts Concludes “Travel” Series with Magnificent Annual Gala to Rekindle Memorable Moments of the Journey
IHG Hotels & Resorts hosted a ’Dream Inspires Travel’ gala dinner to thank its corporate customers for their continued support and trust in Greater China. Unforgettable moments throughout the journey were recreated through art and technology, bringing the “Travel” series of activities throughout the year to a memorable close. Over...
Let’s Play 20 Customer Experience (CX) Questions – Part One
Let’s play 20 Questions. Luke Jamieson, a customer experience (CX) thought leader in Australia, asked me to answer 20 customer experience questions in a “lightning round” style for one of his projects. As I considered my answers, I realized that the subscribers to my newsletter and videos would also enjoy...
Marriott International Expands Presence in Coastal Xiamen with a Signed Agreement to Debut The Ritz-Carlton Brand
Marriott International, Inc. announced the signing of an agreement with Xiamen Green Development Investment Group to introduce The Ritz-Carlton to Xiamen Island in Fujian Province. The Ritz-Carlton, Xiamen will deliver its legendary service and elegant aesthetic to immerse guests in one of China’s most coveted destinations.
Bab Samhan, A Luxury Collection Hotel, Diriyah Opens
The first hotel to open in Diriyah invites guests to immerse in rich culture, authentic hospitality and traditional architecture.
UN Tourism Strengthens Collaboration with Austria to Advance Sustainable Tourism
In Vienna, UN Tourism Secretary-General Zurab Pololikashvili held high-level meetings, reaffirming Austria’s important role in advancing sustainable tourism, including through having six of its villages as members of UN Tourism´s Best Tourism Village Programme and the region of Tyrol as one of the latest members of the International Network of...
Canada’s November hotel performance driven by Taylor Swift’s Eras Tour
Canada’s hotel performance was lifted by Taylor Swift’s Eras Tour as well as a calendar shift, according to November data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
HVS Europe Hotel Transactions Bulletin – Week Ending 20 December 2024
Covivio acquires Iberostar Waves Las Dalias on Tenerife from Starwood Capital, Tipberry acquires Mount Juliet Estate in Ireland from Tetrarch, Quinta do Lago owners acquire Conrad Algarve in Portugal from ECS, Apex Hotels acquires DoubleTree by Hilton Dunblane Hydro in Scotland, Atalante Hotels acquires two Ibis hotels in France from...