Travelodge targets UK local authorities in expansion push
Budget hotel brand Travelodge has approached local authorities across the UK as it looks to secure 300 sites for new properties
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Travelodge targets UK local authorities in expansion push
Budget hotel brand Travelodge has approached local authorities across the UK as it looks to secure 300 sites for new properties
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Major hotel franchises companies move forward with construction projects in Europe
In the year-end 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the fourth quarter, Europe’s total construction pipeline stands at 1,711 projects/260,911 rooms…
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BWH Hotel Group is expanding its upscale, chic boutique brand, Aiden, as the brand is set to grow by over 200% in the years ahead with the portfolio doubling in 2023 alone. Highlights of the brand growth include the upcoming launch of Aiden in India…
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‘Timelines for hotel projects in India longer than elsewhere’
IHG expects current infrastructure growth to result in the proliferation of hotels
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Hilton’s Curio Collection Diplomat Resort Sold For More Than Any Hotel In Last 4 Years
In the largest single hotel transaction in nearly four years, The Diplomat Beach Resort in Hallandale, Florida is being sold to Honolulu-based Trinity Investments and Credit Suisse Asset Management for $835 million…
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First-time Buyers Account for 16% of Global Hotel Investment Volume in 2022 According to JLL
As the world continues to find a new normal post-COVID, consumers have placed heightened importance on travel and experiences, which has accelerated lodging demand, and resulted in RevPAR reaching or exceeding 2019 levels in some markets…
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Hard Rock says Mirage, and its volcano, will live on into 2023
A guitar-shaped room tower will eventually replace it, but the iconic volcano in front of the Mirage on the Las Vegas Strip is getting a bit of a reprieve…
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European Hotel Leaders Expect More Distressed Sales
What's ahead for hotel investment in Europe? A survey of more than 100 hotel leaders points to both risks and a window for opportunistic acquisitions.
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LE: Europe hotel conversions reach all-time high
According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/258,476 rooms…
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On the up: mapping out east Africa’s potential
It’s true that East Africa’s travel, tourism and hospitality sectors have experienced numerous ups and downs in recent years. However, there are positive signs of growth, as Thuku Kimani, manager of hotels MENA at Colliers International, points out…
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Plans for Singapore's first 'supertall' skyscraper unveiled
Singapore is set to welcome its first ever "supertall" skyscraper, a term used to describe buildings that exceed 300 meters (984 feet) in height.
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Shrewsbury Travelodge plan shelved after objections
Plans for an 83-bedroom town centre hotel have been withdrawn, following objections.
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AIMBRIDGE EMEA REPLACES VENERABLE INTERSTATE BRAND
After spending many years as one of the most well-known global third-party management companies, the Interstate Hotels & Resorts brand is being retired by its parent company, Aimbridge Hospitality, and being replaced with the Aimbridge EMEA moniker…
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Carina Chorengel on Hyatt's Asia-Pacific expansion plans
Early this year, Hyatt Hotels Corp…
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Radisson Hotel Group Isn’t Finished With Transformative Strategy
Radisson Hotel Group is nearly unrecognizable from the company it was five years ago, thanks to a strategy shift and metabolism boost. Now, turnaround artist and CEO Federico González aims to double the company's footprint by 2025…
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Income Capitalization Approach – The Gold Standard for Valuing Hotels
According to a recent GlobalData report, 573 deals (including mergers & acquisitions, private equity, and venture financing) were announced in the global travel and tourism (T&T) industry in the first half of 2022, reflecting a 3.1% increase over…
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Ecolodges in the Middle East: The new big thing
While global interest in ecotourism has been growing at a rapid pace, inflation has also started to shape travel choices…
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Radisson Hotel Group plots global growth
Last year, Radisson Hotel Group reported its strongest year of signings ever, and recently announced targets for 2022 to outperform the previous year…
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