Marriott International announced 13 deal signings in Turkey comprising over 2,000 rooms.
25.08.2023 - 13:47 / skift.com / Sean Oneill / Marriott International
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Oxford Capital Group and Quadrum Global announced the April 11 launch of Arlo Chicago. The 218-room property marks Arlo Hotels’ debut in the Midwest and its sixth hotel overall. Arlo Chicago features a two-story entryway, an on-site restaurant and a bar.
Macau’s average hotel occupancy was about 75 percent in March. Officials expect up to 90 percent occupancy during the upcoming Labor Day holiday. This is all happening as Macau’s 5-star hotels run well below labor capacity, with some operators are only providing half their overall rooms, Bloomberg reported.
Como Group will open its first Singapore hotel later in 2023, just off Orchard Road, the Straits Times reported. The home-grown lifestyle group created by fashion retail doyenne Christina Ong will transform 30 Bideford Road, a mixed-use development on the site of the former Thong Sia Building, into the Como Metropolitan Singapore hotel and lifestyle space.
Accor has 56 operating hotels in India. They entered the country almost two decades ago, in 2004. Accor’s vision is to have 200 in India in five years.
Skift Note: The expansion of small independent brands like Arlo in the U.S. suggests that dominance by global chains isn’t inevitable.
Urbanica is looking to alter the plans for a hotel project on one of Miami Beach’s last vacant oceanfront parcels, the Commercial Observer reported. The developer has proposed building a 16-story hotel with 160 rooms on Collins Avenue in the North Beach neighborhood. Urbanica had previously pitched a shorter hotel with 209 rooms, after purchasing the property for $38 million in 2019, and scored approval for the plan from the preservation board in 2020. The newest plans would include a four-story podium with a parking garage and more.
Marriott International announced the signing of an agreement with Asset World Corporation to develop a Ritz-Carlton resort, expected to open in 2025. The hotel will open after the renovation and rebranding of the existing Westin Siray Bay Resort & Spa. The Phuket Ritz-Carlton will house 182 guestrooms, suites and private villas.
Craig-Hallum initiated coverage of LuxUrban Hotels with a Buy rating and a $10 price target.The massive $50 million hotel and convention project in Wichita Falls, Texas, is nearing completion.
The new Delta Hotel and Convention Center will consist of 200 rooms, an onsite bar and lounge, and a pool. The project is expected to be completed and open by August 2023.
Salyers Group celebrated the ribbon-cutting ceremony of North by Hotel Covington in Covington, Kentucky. Th
Marriott International announced 13 deal signings in Turkey comprising over 2,000 rooms.
We learned a lot about hotel sector history by listening to Hilton vs. Marriott — the latest season from , a show from Wondery, Amazon’s podcast studio.
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Hyatt, Marriott, and MGM Resorts have been hit with lawsuits since 2019 over how they disclose mandatory resort fees. The companies have since changed how they disclose resort fees on their websites and apps.
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.
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.
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.
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.
The top boss of Marriott International used an on-stage interview on Thursday as a platform to call on the U.S. federal government to do more to cut the wait times for interviews for first-time visitor visa applicants, which he said was leading to lost revenue because of reduced U.S. inbound tourism.
Indian Hotels Company (IHCL) plans to reach a portfolio of 300 hotels by 2025, it said on Tuesday when reporting its earnings.
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.
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.