Norges Bank Investment Management (NBIM), the fund management division of Norges Bank, has acquired an 80% stake in Trinity office tower in Paris La Défense.
Procurement Data in the Year of Data Centralization
Through numerous conversations with hotel tech executives, brand C-suites and owners over the course of 2024, when asked about what to prioritize on the technology front for 2025, the most common answer is simply, “Data.”
The Ritz-Carlton, Bangkok Debuts in Thailand
The Ritz-Carlton, Bangkok, introducing a world-class hotel that offers unparalleled hospitality and immersive cultural experiences. Part of the Luxury Group portfolio by Marriott International, the hotel is set in an alluring 216-meter-high tower at One Bangkok, the largest holistically integrated district and a world-class business and lifestyle destination in the...
Hilton & Voyager Space Share Details on the Future of Food, Comfort in Space Travel at the 75th International Aeronautical Congress Panel
Earlier this year, Hilton leaders gathered at the 75th International Aeronautical Congress in Milan, Italy, to talk about the future of hospitality in space, including how to make accommodations comfortable, how to make food fresh and sustainable, and more.
Lark Hotels Forms Joint Venture With Life House, Adding More Than 50 Properties to North American Portfolio
Premier lifestyle brand and hospitality management company, Lark Hotels, announces today the formation of a joint venture with contextual hotel brand and operator, Life House. This joint venture will operate under Lark Hospitality LLC, doing business as Lark, encompassing all Lark Hotels and Life House-branded hotels, 33 restaurants and bars,...
AHLA closes out 2024 with record-high 33 partnerships
The American Hotel & Lodging Association (AHLA) will end 2024 with a record-high 33 active partnership agreements in a diverse range of industries that reflect AHLA members’ growing interest in the business verticals that will keep them competitive in the years ahead.
STR Weekly Insights: 8-14 December 2024
U.S. hotel industry revenue per available room (RevPAR) rose a whopping 18.2% during the week ending 14 December 2024. This was the highest weekly RevPAR gain since February 2023 (excluding a recent week that was skewed by the Thanksgiving calendar shift). The strong performance was seen across the industry, driven...
Government Shutdown Could Cost Travel Economy $1 Billion Per Week, Disrupt Travel During Peak Holiday Season
As Congress faces the looming threat of a government shutdown, Americans are bracing for severe economic costs and the threat of widespread travel disruptions just before the holidays. A government shutdown could cost the U.S. travel economy $1 billion per week, affecting millions of American travelers, businesses and federal workers...
Beyond the Charts: How K-Pop Drives Tourism
With the globalisation of music, it has become ever easier for people around the world to discover and connect with different genres and artists. This has sparked tourists’ interest in visiting the places where their favourite music originated or where iconic musical events, such as festivals, take place. Thanks to...
Junk Fees: FTC finally adopts the Final Junk Fees Rule but with focus on Hotels, Short-Term Lodging & LIve Event Ticket Sales
Finally! The Federal Trade Commission (FTC) has been critically looking at “junk fees” for a long time. Over several years, it proposed banning “Unfair or Deceptive Fees” across many industries. However, on December 17, 2024, the FTC surprised many when it published a significantly revised version as its final “Junk...