Browsing by Author "Fox, Jena Tesse"
Now showing 1 - 14 of 14
Results Per Page
Sort Options
- 4 London Grange hotels to rebrand following £1B saleFox, Jena Tesse (Hotel Management, 2019-03-22)Queensgate Investments has completed the acquisition of the Grange St Paul's, Grange Tower Bridge, Grange City and Grange Holborn for an estimated £1 billion. Queensgate secured a fully underwritten debt facility from Société Générale, The Carlyle Group and Cheyne Capital Management for the transaction.
- Airbnb makes play for Oyo investmentFox, Jena Tesse (Hotel Management, 2019-03-20)ust days after announcing its plans to acquire travel app HotelTonight for more than $400 million, home-sharing giant Airbnb apparently is setting up another major investment. The company has cast its eyes on Indian hotel-management startup Oyo, according to tech website The Information, and is looking to acquire a significant stake for what could be between $100 million and $200 million. An Oyo spokeswoman told the site that the company “is working closely with a range of global distribution partners such as Airbnb and other regional and global players,” and that none of these relationships are “exclusive in nature.”
- Egypt's hotel market reports January revenue growthFox, Jena Tesse (Hotel Management, 2019-03-13)According to Colliers International’s February MENA Hotels Forecast, the Egyptian hotel market saw average RevPAR growth of 30 percent in January compared to the same period last year. Colliers explained that the RevPAR growth was driven by both ADR and occupancy rate due to strong corporate, leisure and MICE activities.
- EU reports 5% increase in Chinese arrivals for 2018Fox, Jena Tesse (Hotel Management, 2019-02-21)Chinese tourists continue to put Europe at the top of their favorite destinations despite the relative slow-down in the Chinese economy and any concerns about Brexit, according to the latest figures from the European Travel Commission, in collaboration with the air travel analyst ForwardKeys.
- Europe's Great Hotels sees great opportunity in the U.S.Fox, Jena Tesse (Hotel Management, 2019-02-11)As branded hotels look to attract travelers who want unique experiences, sales-and-marketing representation companies are finding innovative ways to market destinations to new demographics.
- Event examines how to get hotels in position to performFox, Jena Tesse (2020-06)This magazine article summaries a 3-day virtual event provided by questex hospitality group to discuss the way to optimize hotel operation and ownership. In sessions, several subjects are discussed during 3 days; how hotelier communicate with their employees, how hotels should manage their cash flow during the pandemic and recession, how to maintain or to grow ADR as occupancy increases, etc
- Hotels boost revenue with outdoor spacesFox, Jena Tesse (Hotel Management, 2019-01-13)As soon as the worst of winter passes, hoteliers will be looking for new ways to keep their guests entertained in outdoor spaces.
- How hotels can drive revenue (and cut costs)Fox, Jena Tesse (2018-03-26)It’s a constant source of anxiety for any hotel manager. How can you deliver maximum profit while maintaining the guest experience? With the right cost-cutting measures and smart policies for growing revenue, the process doesn’t have to be painful.
- How slowing GDP growth could hurt hotel RevPARFox, Jena Tesse (2018-11-14)The latest report from PwC indicates that a waning fiscal stimulus—and resultant deceleration in gross domestic product growth—could hamper revenue per available room increases by the latter half of 2019. Still, economic indicators seem to support continued industry growth given high consumer spending supported by rising disposable income, employment and household net worth.
- Magnuson credits direct distribution platform to occupancy growthFox, Jena Tesse (Hotel Management, 2019-02-28)Magnuson Hotels has reported a chainwide occupancy increase of 8 percentage points across its branded and soft-brand portfolios for the last six months of 2018. Driving the revenue increase was the launch in May 2018 of Magnuson Direct, the company's direct distribution and hotel management platform.
- Marriott charts three-year planFox, Jena Tesse (Hotel Management, 2019-03-18)During a meeting with institutional investors and security analysts at the New York Marriott Marquis, the leadership team from Marriott International charted the company’s three-year growth plan, which includes opening more than 1,700 hotels globally.
- New brands driving market share in Europe: Horwath HTLFox, Jena Tesse (2019-03-13)The third annual Horwath HTL Chains & Hotels report, released during last week’s International Hotel Investment Forum in Berlin, looks at the relationship between hotel chains, their brands and the wider world of hospitality and lodging...
- Oversupply drives down profits across Middle East, North AfricaFox, Jena Tesse (2019-03-19)January was a rough month for hotels in the Middle East and North Africa, according to the latest data from HotStats tracking full-service hotels. The analytics company blamed "oversupply and struggling oil prices" for falling profits during the month, with total gross operating profit (GOPPAR) dropping 13 percent year over year.
- STR: EMEA hotels report mixed bag for JanuaryFox, Jena Tesse (2019-02-27)Europe’s hotel industry reported mostly positive results in the three key performance metrics during January, according to the latest data from STR. From January 2018 to January 2019, Europe as a whole saw a 0.1 percent drop in occupancy to 58.1 percent, but average daily rate (ADR) increased 2.5 percent to €99.56. Revenue per available room (RevPAR) increased 2.4 percent to €57.8...