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The Kingdom of Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of US$37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to…
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Built on part of an underused car park, the new hotel complements existing hotel accommodation in Torquay and is set to bring long term benefits to the town centre, businesses, and the community.
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Kiryat Motzkin is set to welcome its first hotel, adjacent to the zoo and theater in the city. The hotel will have 120 rooms with an investment of approximately €50 million, and it will be family-friendly, designed with inspiration from…
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Les Khan, CEO of Caribbean Galaxy Limited, has provided insightful details about the eagerly anticipated Canelles Resort and Spa Development in Saint Lucia.
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Global chains expand, spiritual tourism surges, analysts bullish on growth India’s hospitality industry currently valued at around $24 billion is experiencing robust growth and is projected to reach around $31 billion over the next five years…
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High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022.
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The world’s largest hotel chains, including multiple American majors, are behind the rising number of newly planned hotel and resort projects in Africa.
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KUALA LUMPUR: Increased investor interest is leading to an increase in property deals, particularly for assets such as hotels in the hospitality industry.
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Hong Kong-based luxury hotels owner and operator Shangri-La Asia Ltd, which owns hotels in Colombo and Hambantota, and a mall and apartments on Galle Face, has reported a US$1.9 million loss for the year ended December 31, 2023…
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The Privatisation Authority has rolled out the sale of the government’s 33.83 percent shareholding in Kenya Hotel Properties Limited(KHPL), which owns the building which was previously managed by the Intercontinental Hotel Group in Nairobi…
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Budget hotel brand Premier Inn is to convert a subterranean car park in central London into a 207-room property.
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It is no secret that The Kingdom of Saudi Arabia is changing. Over just the past five years the change has been staggering, both socially, and politically as well as a dramatic shift in its economic vision…
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Cushman & Wakefield recorded a total transaction volume of EUR 1.5 billion for the hotel segment in 2023. This corresponds to a decline of around 23 percent compared to the previous year and is the lowest result of the past eleven years, falling…
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The 4-star Tmark Grand Hotel in Myeongdong, Seoul, originally served as an office building for an electric wire company. The building was then renovated into a hotel in 2016 to accommodate the rising number of Chinese tourists in Korea…
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Aman Resorts’ first Janu hotel in Tokyo’s luxe Azabudai Hills costs half as much as its upmarket sibling. Here’s an exclusive first look inside.
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Scandic has entered into a long-term agreement with the developer SRV to launch a new Scandic Go hotel featuring 144 rooms in Oulu, Finland. Slated to open in the latter half of 2025, this hotel will occupy a prime location in Oulu, the largest city…
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Looking to diversify your commercial real estate portfolio? Now could be the moment to explore opportunities in Canada’s hospitality industry, particularly the hotel sector.
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One of Cape Town’s oldest landmark hotels is set for a major revamp thanks to foreign investments.
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