Hotel

Average airfares are set to decrease globally in 2024 as the recovery loses "upward momentum," according to a new BCD Travel forecast, which also projects global hotel rates to increase from 2023 levels. It's part of a 2024 global travel…

This has led to high demand from investors for properties which experts predict will flow into the coming year.The latest CBRE research said institutional investors are attracted to prime hotel assets in tier 1 markets including Australia,…

Following "stiff headwinds" to U.S. hotel demand and pricing power this year, CBRE Hotels Research has lowered projections for 2023 revenue per available room but foresees improvement in 2024 as challenges moderate and international travel…

The Southern Sun Hotel in Rosebank, Johannesburg, has been temporarily closed to assess the extent of the damage caused by a severe hailstorm that gripped parts of the city on Monday night. The JSE-listed hotel group confirmed on Tuesday…

Hilton Worldwide plans to open 24 new hotels globally in 2024, including company debuts in Asia-Pacific and Europe, and brand debuts in the United States, the company announced last week.   Thanks to an "increasing number of business…

Farmville. Virginia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Taylor Hospitality takes great pride in welcoming Nathanael Hughes as the esteemed Executive Chef and Food and Beverage Director of Hotel Weyanoke. Nate has been skillfully leading…

The U.S. hotel pipeline in the third quarter increased 7 percent year over year, with 5,704 projects in the development pipeline, led by midscale properties, according to a new Lodging Econometrics report. Dallas again reported the largest…

  Intelligent, with the gift of flight, showy beautiful feathers, melodic songs and quirky behaviors, birds are easy to love. For many of us, bird watching became a fun and easy way to connect with nature and get outside during the…

Farmville, Virginia, Oct. 30, 2023 (GLOBE NEWSWIRE) -- The Hotel Weyanoke in Farmville, Virginia, has been acquired by Ascend Capital Group in partnership with Taylor Hospitality. The Ascend Capital Group is an Investment Banking company…

The American Hotel & Lodging Association has launched a campaign to defeat a Los Angeles municipal ballot initiative posed by a union representing L.A.-based hospitality workers that would, among other elements, allow individuals…