Hotels
Big Data and the Hotel Stay: The Critical Connection
The industry buzz around “Big Data” is deafening. ‘Big Data Analytics ‘ – its uses, abuses, and place in the playbook of travel technology tools – has filled hundreds of […]
Expedia Orbitz deal gets a high profile naysayer
Almost seven months since the proposed acquisition was first announced, a major lobbying group has come out against Expedia-Orbitz deal. The American Hotel and Lodging Association says it registering its opposition to the […]
Edinburgh hotel prices most expensive in Europe
Hotel prices in Edinburgh have increased by 39% this August mainly due to the simultaneously running Edinburgh International Festival and Edinburgh Festival Fringe. This is according to Trivago’s latest Hotel […]
Airbnb formidable competitor to NYC hotels
According to an analysis by STR, Inc., Airbnb’s presence and rates across New York, New York, make the short-term rental company a formidable competitor to the market’s hotel industry. As […]
IHG reports 4.4% growth in RevPAR
InterContinental Hotels Group delivered its strong first half for signings since 2008, the group’s Q2 earnings report revealed. The hotel operator also reported a 10% increase in underlying profit. IHG’s […]
Dubai’s RevPAR registered 9% YOY decline
A JLL report revealed that Dubai’s hotel sector continued to face downward pressure in the second quarter of the year amid a slowdown in visitors from Russia and the Eurozone. […]
Magnuson Hotel brands see revenue growth of 65%
Magnuson Hotels Worldwide reports today year on year revenue growth of 65% across the Magnuson branded portfolio. The company also reports a very significant 61% increase in occupancy, and an 8% increase […]
Australian hotel market update
While the fundamentals in many of Australia’s traditional property asset classes are benign, the dynamic characteristics of the hospitality market continue to place the hotel sector under the investment spotlight. […]
Millennium & Copthorne reports half-year profit rise
A higher contribution from joint ventures and associates and lower costs helped push up half-year profits at Millennium & Copthorne Hotels. The pre-tax profit was up by £4 million to […]
Marriott reports $3.7bn in revenue during Q2 2015
Marriott International reported a 25% increase in net income during Q2 2015 when compared to the same period last year. Revenues for the group totalled approximately US $3.7 billion in […]
