Overall, the report trended toward cautious optimism, especially for the recovery of corporate travel and lender activity.
Indian Hotels Company (IHCL) today announced a strategic partnership with CG Hospitality, extending its current association of TAL Hotels & Resorts Limited and Taj Safaris Limited to achieve a portfolio of 25 hotels by 2025.
As seen in the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. This new all-time high represents a 7% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms.
A summary of European hotel transactions provided by HVS
Company focused on lifestyle, upper midscale and extended stay brands, as well as market-specific loyalty offerings
Dusit Hotels and Resorts has signed an agreement with Pearl Atoll Pvt Ltd to manage - a 125-key lifestyle resort on a private island near the main island of Mal
NexGen Hotels today announced the acquisition of the Hotel Versey in Chicago, Illinois. Located at 644 W Diversey Parkway, the 137-room hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri.
Positioned along the picturesque coastline of the Arabian Gulf and just a 30-minute drive from Dubai International Airport, the Anantara Sharjah Resort and Anantara Sharjah Residences are set to open in late 2027.
Marriott International, Inc. (Nasdaq: MAR) and KKR today announced the launch of each company's foray into the midscale hospitality space in Japan, which follows KKR's completion of the acquisition of Unizo Hotel Company, Limited and a portfolio of 14 hotels in Japan from Unizo Holdings.
'IFYKYK' is the unspoken acronym for quiet luxury. It has sprawled beyond HBO's 'Succession' fashion and is now very much the center of travel. Where can one go to stay and experience the ultimate hospitality and great R&R without being looked up and down by others prying to see if their Louis Vuitton is this season?