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Forty&five Percent of the Hotel Projects in European Total Hotel Pipeline Are Under Construction at the End of Q1 2024
2024-05-14 20:53:30| Hotel Resource
As of the first quarter's close, 45% of the hotel projects in Europe's total pipeline are in the under construction stage, standing at 762 projects and 117,815 rooms. Another 411 projects with 60,356 rooms are scheduled to start construction in the next 12 months
Category:
Hospitality
Home2 Suites by Hilton Huntsville in Huntsville, TX Listed for Sale
2024-05-14 20:53:30| Hotel Resource
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 90&key Home2 Suites by Hilton Huntsville, a newly built, extended&stay, limited&service hotel asset in Huntsville, Texas.
Category:
Hospitality
The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel Opens in Dubai
2024-05-14 20:53:30| Hotel Resource
Tribute Portfolio welcomes its first hotel in the Middle East with the launch of The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel in Dubai.
Category:
Hospitality
New Jersey Franchise Bill Takes Dangerous Step Forward, Despite Significant Concerns Expressed by Majority of Committee
2024-05-14 20:53:30| Hotel Resource
American Hotel & Lodging Association (AHLA) Interim President & CEO Kevin Carey released the following statement today after a committee in the New Jersey Assembly approved A3495, a bill that would destroy the hotel industry in the state.
Category:
Hospitality
A Deep Dive from STR into Japan's Hotel ADR Growth Trends
2024-05-14 19:53:18| Hotel Resource
Japan's growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months & a function of a later opening post&pandemic, above&average inflation, and an influx of international demand. That's largely reflected in average&daily&rate (ADR) growth, although through much of 2023, the first and third points helped drive double&digit occupancy increases as well.
Category:
Hospitality
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