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These 2 countries have 60 percent of the world's hotel pipeline

Hotel Management - 14 December 2017
According to Lodging Econometrics’s Global Construction Pipeline Trend Report, the top world regions by project count are North America with 5,239 hotels and 639,712 guestrooms, Asia-Pacific with 4,233 hotels and 903,415 guestrooms and EMEA with 2,100 hotels and 395,506 guestrooms.
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U.S. investment fund Cerberus buys Bucharest's Radisson hotel complex

Hotel Management - 14 December 2017
Back in August, Israeli group Elbit Imaging signed a letter of intent to sell its majority stake in the company that owns the Radisson hotel complex in Bucharest to an international investment fund. Now, U.S. investment fund Cerberus is set to acquire the complex. The investment fund Revetas Capital, which owns the Vitantis shopping center in Bucharest, is also involved in the deal.
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What HVS sees in store for UK hotels

Hotel Management - 14 December 2017
2018 could be a tough year for the UK's hotel operators with flat occupancy levels and increasing overheads, despite positive global and EU economic growth. But new insights from hotel consultancy firm HVS offer some hope, however: Average room rates in UK are poised to see see some modest growth. Looking ahead to 2018, HVS London chairman Russell Kett expects the combination of wage increases, staff shortages, increasing food and utility costs, the impact of higher property taxes and business rates as well as a strong pipeline of new properties will put pressure on UK hotels' operating margins over the next 12 months.

OTA Insight raises $20M in growth funding

Hotel Management - 14 December 2017
OTA Insight, a cloud-based data-intelligence platform for the hospitality industry, announced $20 million in growth funding. Eight Roads Ventures led the round with participation from F-Prime Capital Partners and previous investors. OTA Insight helps hospitality providers such as hotels, resorts and vacation rentals optimize their revenue and improve profitability. The cloud-based platform provides revenue managers with intuitive real-time access to competitor rates, online channel insights, ratings and reviews as well as market-specific events and demand forecasts, all of which are used to impact short and long-term pricing strategies. The company will leverage the funding to further build out its platform, with a particular focus on advancing its machine learning and artificial-intelligence capabilities.
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Strong supply growth reported in these ME, European cities in November 2017

Hotel Management - 13 December 2017
Preliminary November 2017 data from STR reported that two cities each in the Middle East and Europe saw significant growth both in performance and supply in the regions.
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Sweden's Pandox scores big haul, including Jurys Inn, in Lone Star portfolio buy

Hotel Management - 13 December 2017
A deal that many expected to happen has. Swedish hotel group Pandox has entered into an agreement with U.S private equity group Lone Star to acquire a portfolio of 37 hotels, inclusive of the Jurys Inn chain, whose hotels are spread out across England, Ireland, Scotland and Wales. The deal is said to be valued at £800 million or €908 million.
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What's next in hotel door lock technology

Hotel Management - 12 December 2017
The key to any successful technology is removing pain points for the user while making any processes easier and more efficient. Streamlining property operations and enhancing the guest experience is the end goal for any hotel technology solution. It’s no different for door locks and security, said Nicolas Aznar, president of Assa Abloy Hospitality Americas Group.

Travel demand shifts toward mid-market hotel sector across Africa

Hotel Management - 12 December 2017
A rising tide of both domestic and international travelers to Africa is driving the current demand away from luxury properties and toward mid-scale lodging options and niche segments, including serviced apartments. The growing trend is spreading across the continent's city centers, including Lagos, Nairobi and Johannesburg. “The hotel market in Sub-Saharan Africa has evolved in the last decade with many global operators opening quality hotels in key markets like South Africa, Mauritius and Kenya,” Xander Nijnens, EVP, hotels & hospitality group Sub-Saharan Africa, JLL, said in a statement.

What corporate event planners want from an event venue

Hotel Management - 12 December 2017
The corporate event side of event planning can be very lucrative for restaurants and event venues. $280 billion is spent on events and meetings each year in the United States. So how can your business get a bigger piece of the pie? We spend a lot of time talking to event planners here at Tripleseat, and here are their top tips about what they’re looking for in a venue for corporate events:
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What hoteliers need to know about proposed tax-reform legislation

Hotel Management - 12 December 2017
Tax reform legislation is making its way through Congress and could be signed into law by the president before the year’s end. These new tax laws could hold subtle changes for commercial real estate, according to a special report from Marcus & Millichap.

Millennials can't stay off social media and hotels are cashing in

Hotel Management - 11 December 2017
New research from Hotels.com's global Mobile Travel Tracker has discovered the new millennial trend of “travel bragging” on social media to build kudos among their friends, and even faux friends on social. Trading in their #TravelBrag for "likes," 30 percent admit they spend more than four hours a day on their mobiles while traveling, often more glued to the small screen than the beach scene. And hotels are taking notice—just search for "hotel selfie" on Twitter and enough show up to keep you busy indefinitely.
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World's tallest Holiday Inn up for sale

Hotel Management - 11 December 2017
China-based developer Jubao Xie has put the 50-story Holiday Inn Manhattan-Financial District up for sale for an undisclosed price. Xie tapped Marcus & Millichap to market the property. Xie developed the 492-guestroom hotel near the World Trade Center with New York-based developer Sam Chang before buying Chang out in September 2014. In the following month, UBS handed the hotel—the tallest Holiday Inn in the world—$135 million for refinancing. Meridian Capital Group brokered the deal on the two-year loan with interest-only payments. “The existing debt was $45 million from Cathay Bank. The new lender was willing to provide $135 million in proceeds with no operating history and closed the same day the hotel opened for business,” Emmanuel Westfried, VP at Meridian Capital Group, told Mortgage Observer.
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As France's recovery continues, its hotel industry takes aim at Airbnb

Hotel Management - 11 December 2017
Share Facebook Twitter LinkedIn Email Print According to the latest stats from MKG, France recorded its strongest occupancy since 2008 in the period between January and September this year. Not only has the country illustrated the strength of a mature hotel market in the face of terror attacks, the sector may also reap the benefits of a government probe into Airbnb’s use of Payoneer, a financial services company that provides online money transfer and digital payment services. Airbnb hosts can use the prepaid Payoneer card to receive payments for their rentals without the money moving through their bank accounts. The government is concerned that the service could be used to avoid taxes or launder money. MKG reported 3.7 percent growth in RevPAR in France, thanks, it said to the strong tourist appeal of the country. Paris saw a 5.9-point increase in its occupation rate, and a RevPAR rise of 5.4 percent.
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What the new WATG CEO has in store for the design company

Hotel Management - 11 December 2017
When architectural design firm WATG named Anthony Mallows its new president and CEO earlier this month, it added a leader with 30 years of experience in not only architecture, design and city planning, but also in globalization and forging cultural connections.
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New Rosewood Hotel Group brand high on superlatives, short on details

Hotel Management - 8 December 2017
Rosewood Hotel Group has introduced a new brand called KHOS focused on the modern business traveler as described by Rosewood CEO Sonia Cheng.
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The global pipeline keeps growing, with these brands in the lead

Hotel Management - 8 December 2017
Lodging Econometrics' global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, found that the total pipeline stands at 12,427 hotels and 2,084,940 guestrooms, up 8 percent by hotels year-over-year. There are 5,885 hotels with 1,086,966 guestrooms under construction, up 9 percent by hotels year-over-year. Hotels that are scheduled to start construction in the next 12 months are up 6 percent at 3,723 hotels with 538,061 guestrooms while hotels in the early planning stage are up 8 percent year-over-year at 2,819 hotels with 459,913 guestrooms.

5 takeaways from Expedia's Partner Conference

Hotel Management - 8 December 2017
Mark Okerstrom is in an interesting position. Though he took over as president and CEO of the company in August, he joined Expedia in 2006 and has served as its CFO since September 2011. At the 2017 Expedia Partner Conference, however, his job has been to build confidence behind a brand that is often a powerhouse in the hospitality space, but is facing growing competition from companies like Airbnb, mounting opposition from hotel companies pushing for direct booking and a third-quarter performance that was surprisingly underwhelming.
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Bed bugs beat out scorpions as Terminix Pest of the Year

Hotel Management - 7 December 2017
Share Facebook Twitter LinkedIn Email Print Don't bug out, but Terminix has named its 2017 and inaugural Pest of the Year and the winner of the icky honor goes to bed bug! The creepy crawler, which has been know to disrupt many a hotel stay, bested scorpions and spiders to capture first prize, which we hear is a brand new, never-slept-on mattress.

Croatia's appeal extends to hotel brands

Hotel Management - 7 December 2017
TUI is laying down plans to expand in Croatia, setting up a joint venture with Croatian company Sunce Koncern after buying 50 percent of a local hotel operator for €31.5 million. TUI’s deal came as speculation suggested that Hard Rock International was eyeing the country for expansion, describing the Croatia’s culture as fitting its “business philosophy.” Sunce Koncern has established a joint venture with TUI after selling the German group 50 percent of hotel operator Punta Zlatarac Tucepi. TUI will own 51 percent of the JV, with Sunce the remainder. The deal came after this summer’s opening of the TUI Blue Jadran, which was owned and operated by Punta Zlatarac Tucepi.

Marriott shower door can record doodles and notes

Hotel Management - 7 December 2017
Marriott is testing what it calls a one-of-a-kind technology, enabling guests to record thoughts and ideas while taking a shower. The Splash of Brilliance innovation at the Irvine Marriott in California, allows guests to write or draw on touchscreen shower doors, and then send it to their email address for future use. The technology, which will be available in selected rooms at the hotel for the next two months, works by creating a ‘canvas’ from the build up of steam on the shower door, allowing guests to “to write or draw whatever comes to mind—name of the next hit song, idea for an app or the framework for a new design.”

Expedia Partner Conference stresses partnership, innovation and a hyperlocal focus

Hotel Management - 7 December 2017
When Mark Okerstrom took the lead as president and CEO of Expedia in August, following the resignation of previous company head Dara Khosrowshahi, he admittedly had few plans to divert from the online travel agency’s set course. He reiterated that at the Expedia Partner Conference, taking place this week at the Aria Resort & Casino, where he stressed Expedia’s ongoing and future goals of partnership, local activity and innovation acceleration.
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In a public world, it's Wall Street that really owns the hotel guest stay

Hotel Management - 6 December 2017
The top five hotel companies in the world are all publicly traded, meaning they are able to raise funds through the sale of stock, share risk and, unlike private companies, are compelled to report earnings annually and are open to regular audits. By having this status, these public companies, to a large degree, are beholden to Wall Street, which rewards perpetual growth and robust quarterly earnings and sinks the stock prices of companies that come up short of those pursuits. Like a shark, the companies that constantly move forward are the ones that prosper.
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RLH Corporation to pursue asset-light strategy to fight hotel 'brand blur

Hotel Management - 6 December 2017
Greg Mount, president and CEO of RLH Corporation, is concerned about the hotel industry. He is concerned travelers don’t understand the difference between the brands that already exist in the hospitality space, and he is concerned that hotel companies continue to introduce new brands despite acknowledging this fact. That’s why, at this year’s RLH Corporation brand conference at the Hard Rock Hotel & Casino in Las Vegas, so much of his team’s discussion was centered on this “brand blur” and how to fight it.

Airbnb and Expedia say they aren't the enemy. Are they right?

Hotel Management - 5 December 2017
Two perceived enemies of the hotel industry hit the stage at this year’s Caribbean Hotel Investment Conference and Operations Summit and extended an olive branch, of sorts. As the session “A conversation with Airbnb and Expedia” got underway, Shawn Sullivan of Airbnb and Hari Nair of Expedia were asked a simple question: “How do you address the accusation that you’re bad for hotels?”
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Wyndham Hotel Group to continue expansion spree in Indonesia

Hotel Management - 5 December 2017
Wyndham Hotel Group is expanding its presence even further across the Asia Pacific region with the addition of a new Wyndham Hotels and Resorts-branded hotel in Indonesia’s Lombok Island. PT Wisata Bahagia Indonesia is heading the development of the all-suite Wyndham Lombok Sundancer Resort opening in mid-2018 as part of a management agreement with Indonesian Wyndham Hotel Group subsidiary PT Wyndham Hotel Management.

Best Western Plus Hawthorne Terrace installs Echo Dot in every guestroom

Hotel Management - 5 December 2017
The Best Western Plus Hawthorne Terrace in Chicago is now engaging guests with the Amazon Echo Dot powered by Volara, the voice hub for the hotel industry, and docked in the iHome iAVS1 in every guestroom. The joint solution provides both staff and guest facing voice-based interactions that operate seamlessly alongside existing software in the hotel. The new device acts as a gateway to all the local happenings in Lakeview East, the vibrant neighborhood where Hawthorne Terrace resides and encourages them to "Live. Play. Stay. Like a local," which is Hawthorne Terrace's overarching purpose.

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