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Hotel News Resource News Page 3



Hotel Opening South Korea

Mohegan INSPIRE Entertainment Resort Opens in South Korea

Since its soft opening on Nov. 30, INSPIRE has opened a 5-star hotel with a total of 1,275 rooms and INSPIRE Arena, an inaugural multi-purpose indoor venue with a capacity of up to 15,000 people.



Hotel Financing Manhattan

New York City Landmark Boutique Hotel, Casa Cipriani Receives $103 Million in Financing

Walker & Dunlop, Inc., Capital Markets announced yesterday that it arranged a $103 million commercial mortgage-backed security (CMBS) loan with Citigroup, J.P. Morgan, and Argentic to facilitate the refinancing of Casa Cipriani, a boutique hotel, private members club, and event space located at 10 South Street in New York, NY.




Online Travel Agencies (OTAs)

OTAs - Hotels Need a Chance to Compete, Including Through Consolidation - RealClear Markets

According to Morning Consult research commissioned by the American Hotel and Lodging Association, hotel bookings make up 15 percent of all U.S. e-commerce, with over 500 bookings occurring every minute. This is an extremely lucrative business model and generates billions of dollars for Online Travel Agencies (OTAs) every year.



Travel Intentions

More Canadians Are Planning to Travel in 2024 Despite Rising Costs

The cost of travel is on the rise, but that isn't stopping most Canadians from planning a vacation. According to a new study from Blue Cross, Canadians spent an average of $4,200 on their last vacation, and 94 per cent feel the cost of travelling is increasing. However, the 2024 Blue Cross Travel Study also reveals that more Canadians are feeling optimistic about travel and are planning more trips this year.


Hotel Opening Belize

The Watermark Belize Hotel Opens in San Pedro, Belize

The Watermark Belize Hotel offers a blend of premium accommodations, curated vacation packages, and amenities including two restaurant and bar concepts, alongside 3,000 square feet of flexible event space.