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. The hotel’s kitchen garden is home to three poly tunnels and 20 ‘no-dig’ beds.

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Hotel Business

AUGUST 2, 2024

RLJ Lodging Trust has acquired the fee-simple interest in the 110-room Hotel Teatro in Denver for a purchase price of $35.5 billion expansion, which will increase capacity by 30% to serve 100 million annual passengers by 2028. The hotel is expected to generate over a 10% stabilized yield. Hale, president/CEO, RLJ Lodging Trust.

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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

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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Serviced Apartments

NOVEMBER 25, 2024

It comes in response to mounting criticism of Airbnb’s impact on local communities, including supposedly contributing to higher rental and housing prices and housing shortages in markets around the world. The post Airbnb to expand long-term rental marketplace into the UK appeared first on Serviced Apartment News.

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Serviced Apartments

NOVEMBER 25, 2024

It comes in response to mounting criticism of Airbnb’s impact on local communities, including supposedly contributing to higher rental and housing prices and housing shortages in markets around the world. The post Airbnb partners with BTR operator for short-term lets in the UK appeared first on Serviced Apartment News.

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Serviced Apartments

JANUARY 19, 2024

The uplift in revenue and improved margins are testament of Ascott’s ability to leverage pricing power and meet market demand, contributing to an overall enhanced financial performance of the Oakwood portfolio post-acquisition.

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NCC USA

NOVEMBER 29, 2022

million in 2021 and are projected to grow to $665 million in 2028, sporting an impressive 16% CAGR. With radical fluctuations in the supply chain and inflation, you need to be agile with changing your menu and pricing. Market data shows sales of kiosks topped $234.6 The Benefits of Doing it Right.

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Boutique Hotel News

JANUARY 27, 2023

NREP is committed to becoming entirely carbon neutral by 2028 – encompassing both operational and embodied carbon – and the new internal carbon tax will be a key driver in this ambition. Other firms will need to follow their lead. When the UK recorded a 41-year high rate of 11.1

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Hotel Business

OCTOBER 26, 2023

International RevPAR growth was driven by higher occupancy levels and stronger pricing power in connection with COVID recovery, and compared to 2019 grew 45% on a constant-currency basis, a 120 basis point acceleration from second quarter 2023 growth. Compared to 2019 to neutralize for COVID-impacted travel patterns, U.S. Development On Sept.

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Hotel Business

MAY 4, 2023

ALG segment: Results were led by sustained strength of leisure travel demand, favorable pricing and elevated airlift for key Americas destinations. EAME management and franchising segment: Results were led by Western Europe which benefited from strong international inbound demand and favorable results in the Middle East.

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Hotel Business

FEBRUARY 16, 2023

In the fourth quarter of 2022, the RevPAR recovery continued to be powered by strong pricing with leisure transient and group average rates up 19% and 15% compared to 2019 levels, respectively. Excluding Greater China, systemwide RevPAR increased 6.6% in the fourth quarter and declined 2.5% Transactions and capital strategy On Feb.

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The Restaurant Times

MARCH 31, 2022

The contribution of tourism clocks around 7% of Bahrain’s GDP and is expected to increase to 11% by 2028. A casual dining restaurant offers a fun-filled calming atmosphere and delicious food in a nominal price range. If you plan to start a casual dining restaurant in Bahrain, it is a great time to make it a reality.

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SiteMinder

NOVEMBER 30, 2023

Hoteliers can use statistics to understand their guests better, forecast demand, create offers based on current trends, and optimise their pricing and revenue strategies. The number of international tourists to France is expected to grow by 32 million between 2024-2028. More than 90 million travellers visited France this year.

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