Hotel Management Network

JANUARY 23, 2025

Hyatt Hotels has revealed a growth strategy aimed at entering 13 new markets across the Europe, Africa, and Middle East (EAME) region. The post Hyatt to debut in 13 new markets across EAME region by 2028 appeared first on Hotel Management Network.

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Hotel Business

FEBRUARY 21, 2025

hotel market is poised for steady growth in 2025, primarily led by continued outperformance of the urban segment, which should experience RevPAR growth of 2.8% Mexico and Canada; the 2028 Summer Olympics in Los Angeles; and the U.S.’ this year, said Rachael Rothman, CBREs head of hotel research & data analytics.

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Hotel Business

JANUARY 4, 2024

Pebblebrook Hotel Trust has extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. Pebblebrook paid down its October 2024 maturity term loan to $400 million from $460 million and extended the maturity of $357 million to January 2028. The company paid down approximately $157.6

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Hotel Owner

OCTOBER 17, 2023

The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m this year, rising to 9.86% in 2028, and 11.05% in 2033. being sought. The 274-bedroom, upper-midscale hotel is let to Leonardo Hotel Management (UK) Limited for the next 14.4 compared to 73.2%

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Revenue Hub

APRIL 3, 2025

Although the pandemic has been a setback even for giants such as Booking.com and Expedia, fostering a resurgence for direct bookings, the market share held by OTAs is set to grow further: from nearly $500 million in 2023, it is expected to reach nearly $2 billion by 2033.

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Hospitality Net

SEPTEMBER 19, 2023

On the back of increasing demand, the champagne market will grow from 253.5 million liters by 2028, with a Compound Annual Growth Rate (CAGR) of 4.18% from 2023-2028. Currently, the Champagne region has 16,200 growers, 130 cooperatives, and 370 houses. million liters in 2023 to 311.1

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Hotel Business

FEBRUARY 6, 2025

Sonesta International Hotels Corporation entered into an agreement with Mint Developers , in partnership with AD1 , to build The James Hotel & Residences Downtown Miami, an $850 million development that is expected to open in January 2028.

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Modern Restaurant Management

NOVEMBER 6, 2019

annually between 2018 and 2028. million by 2028. million by 2028, its lowest level in 65 years. Population growth at an expected annual rate of 0.7 percent between 2018 and 2030, accompanied by changing demographics in the next decade, are expected to lead to an average labor growth rate of 0.5%

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eHotelier

FEBRUARY 7, 2024

Scheduled to open in January 2028, the new-build 150-key hotel signifies a significant stride towards IHG’s expansion strategy in secondary markets, in line with the growing demand for quality branded accommodation in the country.

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Hotel Owner

JULY 7, 2023

CBRE revealed that the sector picked up in Q2 following a slow Q1, despite deal flow remaining below the long-term average, in its most recent Irish hotel market research. This could be because the Dublin market still remains undersupplied in hotel bedrooms, particularly when compared with cities of a similar size.

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Hotelogix

MARCH 27, 2025

trillion (inflation-adjusted) by 2028. This growth presents a significant opportunity for hoteliers to tap into the slow tourism market and create unique, memorable experiences for their guests. Travel Winter 2025 Forecast projects that total U.S. Travel spending will grow 3.9% trillion in 2025, with additional growth to $1.46

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Modern Restaurant Management

APRIL 3, 2024

Statista’s market insights forecast the global cost of cybercrime will increase from $9.22T in 2024 to $13.82T in 2028. The average cost of a data breach in 2023 was almost $4.5 million, a figure that’s more than 15% higher than just three years prior.

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Hospitality Net

JANUARY 22, 2025

Hyatt Hotels Corporation (NYSE: H) today announced that Hyatts current pipeline across Europe, Africa, and the Middle East (EAME) is set to expand its brand presence in 13 new markets where there are no Hyatt hotels currently between 2025 and 2028.

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STAAH

JUNE 3, 2024

Asia’s travel recovery is back on track, with the travel market expected to grow over 5% resulting in a market volume projection of US$402 billion by 2028, a majority of which will be hotel transactions.

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Hospitality Net

OCTOBER 13, 2023

million will own one by 2028.* While smartphone usage varies by person, it’s clear that hotel mobile marketing needs to be part of your strategy. It’s no secret that smartphones are ubiquitous, and it’s part of our daily life. In 2023, more than 4.6 million people owned a smartphone, and it is projected that more than 5.1

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Serviced Apartments

SEPTEMBER 6, 2024

Reading Time: < 1 minute UK: The luxury Sanctum Apartments, located in North-West London, is being marketed at a guide price of £30 million by real estate agency Savills. By 2028, London is also expected to overtake Paris as the largest serviced apartment market in Europe, with a projected 21 per cent increase in supply.

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Hotel Owner

OCTOBER 18, 2024

The existing leases of the two retail units will continue until 2033 on a fixed rent basis with tenant break options in June 2028 and March 2029 respectively. based on its market value as of September 30, 2024. This acquisition also increases our exposure to the burgeoning lifestyle hotel market.

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Hotel Owner

SEPTEMBER 30, 2024

With the largest development pipeline in Accor’s portfolio, Mercure has more than 200 additional hotels set to open by 2028. The 282-bedroom hotel also features Barnaby’s restaurant and bar. Jacques Morin, group deputy CEO and Premium, Midscale and Economy Division CEO, Accor said: “This has been a transformative year for Mercure.

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Modern Restaurant Management

AUGUST 26, 2024

This convenience has made the online food delivery market massive, with global revenues of over $1 trillion in 2023 alone. As the huge market keeps growing, expected to hit $1.8 trillion by 2028, restaurants face a big decision. Online food delivery thrives as phones become one-stop shops for ordering and tracking meals.

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Modern Restaurant Management

FEBRUARY 1, 2024

The global food delivery services industry is anticipated to be worth USD 311.943 billion in 2028, with a 11.4 Increased smartphone adoption and availability of high-speed internet in both developed and developing nations are driving market revenue growth.

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Hotel Business

JULY 23, 2024

Additionally, by 2028, it is projected to exceed $2 trillion, highlighting a robust path ahead for the business travel sector in terms of spending. Many top business travel markets around the world have returned to or are nearing pre-pandemic levels, reinforcing the momentum of the recovery and boosting spending.

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Hospitality Net

FEBRUARY 11, 2025

The World Economic Forums Future of Jobs Report 2024 estimates that by 2028, 44% of core skills will need to change due to emerging technologies and market demands.

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Les Roches

AUGUST 16, 2022

Hospitality businesses of all sizes are turning to digital marketing to reach new guests and grow their business. Let’s discuss the different aspects of hospitality digital marketing and why it’s so important. What is digital marketing in the hospitality industry? What exactly is hotel digital marketing?

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EATER

DECEMBER 21, 2023

The dry bean market is expected to grow to $8.7 billion by 2028 , while the canned bean industry raked in $5.65 billion by 2033, according to the market research firm Fact.MR. The marketing worked: Bold Bean Co.’s Perhaps it’s deceiving, perhaps it’s smart marketing, perhaps it’s both. Bold Bean Co.

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Boutique Hotelier

NOVEMBER 21, 2022

Raithwaite Sandsend has come to the market with an asking price of £12m. The hotel set itself a target to reach net zero carbon by 2028 , a plan which will involve a significant reduction in their carbon emissions, in addition to ongoing offsetting. Knight Frank is marketing the opportunity for offers in excess of £12,000,000.

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Hotel Business

JUNE 3, 2024

With nearly 350 existing lifestyle hotels and another 350 expected to join the portfolio by 2028, Hilton is set to double its presence in the fast-growing lifestyle category in the next four years. With thousands of colleges and universities around the world, the addressable market for the Graduate brand is 400-500 hotels globally.

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Hotel Owner

APRIL 14, 2025

“Filling rooms isnt a win if those rooms are sold well below market value, particularly during peak demand periods when travellers are willing to pay more,” McCartan warns. Ultimately, diversifying revenue streams can buffer a boutique hotel from the volatility of the market. But this isnt just about compliance.

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Hotel Business

SEPTEMBER 3, 2024

The forecasts come from LARC’s 3Q-2024 Hotel Industry Outlook and Market Intelligence Reports. Market outlooks Listed below are the best and worst performing markets based on LARC forecasts. forecast, the market level forecasts are structured on multi-variable regression models with a high level of historical accuracy.

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Les Roches

APRIL 29, 2024

In financial terms, the global events industry is expected to reach a value of $2 trillion by 2028. So, the job market size opportunity is there; you just need to have the right knowledge and skills to blend into this amazing industry.

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Hospitality Net

JUNE 1, 2023

In 2022 the leisure travel market was valued at more than US$ 800 Billion, with predictions to reach US$ 1,330 Billion by 2028, a growth rate (CAGR) of 8.11% during 2023-2028* The leisure and activities segment, including the spa and wellness industry, is booming, with more people seeking relaxation and self-care treatments.

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Hotel Business

AUGUST 2, 2024

We are pleased to expand our footprint in Denver by acquiring this unique boutique lifestyle hotel located in a prime location within Denver, in an off-market deal,” said Leslie D. Denver has experienced significant population growth due to the market’s relative affordability and from corporate relocations.

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Hotel Business

MAY 24, 2024

Omni Hotels & Resorts is a recognized leader in the convention center hotel market, and we excel at developing hotels that reflect the dynamic local culture of a destination. Design and construction will begin in 2025, with an expected opening in 2028-2029. Sawaya, president/CEO of the convention center. “It

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LimeTray

JANUARY 31, 2025

The mobile POS payments market alone is projected to reach 427.80 million users by 2028 , highlighting just how essential these tools are becoming. This is where custom restaurant POS software development offers businesses a unique opportunity to gain a competitive edge in the market through tailored functionalities.

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Serviced Apartments

AUGUST 29, 2024

Paris and London are the lead markets in Europe in terms of current supply, with more than 11,000 units each. By 2028, London is expected to overtake Paris as the largest serviced apartment market in Europe, with a projected 21 per cent increase in supply. per cent and 2.8

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Hotel Owner

NOVEMBER 11, 2024

The site is set to open in the second half of 2028 subject to planning approval, and will feature 154 bedrooms, a restaurant, bar and gym. The group previously opened four new locations in the UK this year, including the Maldron Hotel Shoreditch, which opened in August.

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The Restaurant Times

SEPTEMBER 16, 2021

According to a report by Grand View Research , the global restaurant point-of-sale terminal market size is expected to reach US$25.95 billion by 2028. percent between 2021 to 2028. The POS systems become the anchor for many of these transformations. It is likely to expand at a CAGR of 6.4

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LimeTray

FEBRUARY 12, 2025

For instance, the interactive kiosk market is forecast to reach 45.32 dollars by 2028. Cloud POS Cloud-based POS systems have already started to make waves in the industry, and by 2025, they will dominate the market. billion U.S. Here are 10 popular trends that are poised to define the future of restaurant POS systems.

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