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Hotel Industry Shifts Focus: Renovation Over New Builds Amid Economic Challenges
2025-10-29 19:27:56| Hotel Resource
Hotel industry leaders are shifting focus to renovating and repositioning existing properties to enhance value and drive revenue. This strategic pivot is driven by high financing costs, labor shortages, and a muted outlook for supply growth, prompting hoteliers to explore creative solutions, such as adaptive reuse and mixed&use developments.
Category:
Hospitality
LATEST NEWS
Sofitel Jabal Omar Makkah Hotel to Open in 2026 with 1,141 Rooms
2025-10-29 19:12:32| Hotel Resource
Accor has announced the signing of Sofitel Jabal Omar Makkah, a new hotel set to open in 2026 in Makkah, Saudi Arabia, featuring 1,141 rooms and suites.
Category:
Hospitality
Kempinski Hotels Names Paul Lonergan Chief Operating and Asset Management Officer
2025-10-29 19:09:31| Hotel Resource
Kempinski Hotels has appointed Paul Lonergan as Chief Operating and Asset Management Officer to oversee operations and asset management in EMEA, Americas, and Asia Pacific, excluding China and Mongolia.
Category:
Hospitality