Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.
Blackstone Is Back Buying Hotels in Japan: Top Stories in Hotels
25.08.2023 - 13:01 / skift.com / Sean Oneill
Here are the top stories from Daily Lodging Report in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Blackstone is once again looking to acquire Japanese real estate to capitalize on high international interest in property in the nation. The world’s largest alternative-asset manager has several bids out. Hotels are said to be at the top of their list, Bloomberg News reported. Japan still has rock-bottom interest rates, making it one of the few developed markets where income from real estate assets still exceeds the cost of borrowing — attracting foreign investors.
IHG Hotels & Resorts announced the launch of their midscale conversion brand Garner – an IHG Hotel. IHG said owners had expressed their desire to work with a high-quality conversion brand at a lower price point, so IHG developed Garner. The brand will be ready to franchise in the U.S. by September, with the first hotels to open by year-end. (Details at Skift.)
Hyatt Hotels Corp gave an update on Hyatt Studios, its latest select-service brand. It said it had executed franchise agreements for the first locations in Mobile, Alabama, and Marysville, CA. Hyatt Studios is Hyatt’s first “upper-midscale” extended stay brand in the Americas.
Hilton is bucking the trend and will begin offering automatic daily housekeeping at its luxury, full-service, lifestyle brands, and its Embassy Suites hotels worldwide this fall. Other brands within the U.S. and Canada, including extended-stay hotels, will receive automatic service every other day. (A View From the Wing first reported the news.) Since July 2021, only Hilton’s luxury brands offer automatic daily cleanings and most properties were on-demand.
OYO said that its Super OYO-tagged hotels have surpassed the 1,000 mark, spread across 140 cities in India. The category was launched in December 2022 with 200 properties across 70 cities to recognize hotels that provide the most consistent and high-quality customer experience.
OYO expects to add another 1,500 hotels in this segment by the end of India’s 2024 fiscal year. The Super OYO category constitutes the majority of the OYO hotels, with over 26%, followed by OYO Rooms at 22% and Collection O at 19%. Hyderabad has the highest number of Super OYOs at 82, followed by Bangalore and Kolkata at 61 and 55, respectively.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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skift.com
28.08.2023 / 12:29
Hilton to More Than Double Its Luxury Hotel Footprint in Asia Pacific
From today’s Daily Lodging Report newsletter: Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, India, and other countries for the first time as part of its plans to open 25 new luxury hotels in the Asia Pacific region over the next few years. That’s up from the 33 luxury hotels it currently runs in the Asia Pacific.
skift.com
28.08.2023 / 07:03
5 Hotel Storylines CEOs of Hilton, Hyatt, and Other Top Brands Are Tracking Now
Can hotels exert more influence in policy-making? Where will future development growth come from? Is generative AI relevant to the hotel sector? These and other subjects will be top of mind for us as we interview top bosses at Hilton, Hyatt, Accor, and other hotel leaders on-stage at the Skift Global Forum in New York on September 26-28.
skift.com
25.08.2023 / 15:03
Top Stories in Hotels: Earnings Misses, Vietnam’s Slump, More...
Here are the top stories from Daily Lodging Report in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
skift.com
25.08.2023 / 14:24
The Most Important Hotel Story of 2022
A pent-up surge in consumer demand for travel gave many hotel companies pricing power in 2022. But hoteliers charged the highest rates the market could support for more than just one-off circumstantial reasons. A critical ingredient in the formula was that hoteliers developed a newfound pricing discipline during the pandemic recovery — even when business travel was historically weak and international tourism was slow to recover in many markets.
skift.com
25.08.2023 / 14:20
Hilton CEO Calls for Immediate Action on Visa Backlogs
Good morning from Skift. It’s Thursday, February 2. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:18
Indian Hotels Company Enjoyed Another Record Quarter
Indian Hotels Company (IHCL) plans to reach a portfolio of 300 hotels by 2025, it said on Tuesday when reporting its earnings.
skift.com
25.08.2023 / 14:15
Marriott Bets Big on Luxury and Extended-Stay Hotels
Marriott International revealed on Monday its full-year totals for hotel development in 2022. The most notable figures highlighted a further push by the world’s largest hotelier into the luxury and extended-stay segments.
skift.com
25.08.2023 / 14:13
Oberoi to Build 7-Star Hotels in India
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
skift.com
25.08.2023 / 14:08
Japan Likely to Target a Record Foreign Visitor Count in 2025: Report
Japan intends to draw a record number of inbound travelers in 2025, according to a draft of a government plan seen by Kyodo News on Thursday.
skift.com
25.08.2023 / 13:58
Hotels Are Taking Strategic Cues From Gen Z
Good morning from Skift. It’s Wednesday, March 22. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 13:58
What Hotels Leaders Say About the Future of the Industry
Hotel leaders from around the world gathered in London this week for the Skift Future of Lodging Forum. Senior Hospitality Editor Sean O’Neill wrote an excellent summary of the event earlier this week where he shared slides from speakers, quotes from attendees, and a Paris Hilton TikTok.