Third-party hotel operators set to grow across Europe

The number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits, according to our latest report, The Rise of Third-Party Hotel Operators in Europe. The trend for third-party operators (TPOs) has emerged from the USA, […]

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Accor introduces Handwritten Collection – a global portfolio of hotels curated with passion 

Accor, a world leading hospitality group, today announced an exciting new addition to the Group’s unparalleled network of brands: Handwritten Collection, a global portfolio of charming bespoke hotels that offer an intimate and stylish hospitality experience.  Accor already has over 110 Handwritten leads globally totaling more than 11,500 rooms, including 12 secured signings, with five […]

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STR: U.S. hotel construction up year over year for first time since late 2020

After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market-level, New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. […]

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Hilton Unveils New Brand, Spark by Hilton, a Value‑Driven Offering That Proudly Delivers Reliable Essentials and Friendly Service

-Hilton’s portfolio extends into the premium economy category with more than 100 deals already in various stages of development Hilton (NYSE: HLT) today announced the launch of Spark by Hilton, the newest addition to its portfolio of world-class brands. Following extensive research, the introduction of Spark by Hilton fills an open space in the industry […]

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STR: London hotel performance remained steady in December

London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.   Occupancy: 76.8% Average daily rate (ADR): GBP206.87 Revenue per available room (RevPAR): GBP158.89 London’s ADR and RevPAR levels were up 31.0% and 25.1%, […]

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Update on Accor’s organization

As announced in July 2022, Accor’s new organization is now being implemented progressively throughout the first quarter of the year depending on local legislations, particularly regarding the obligations to consult staff representatives. The new structure will allow the Group to accelerate growth and better address market developments, deliver the highest possible levels of service for […]

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Invel Real Estate and Prodea Investments acquire luxury hotel in Milos, Greece

Invel Real Estate (“Invel”) and Prodea Investments (“Prodea”) have acquired White Coast Pool Suites, a five-star luxury hotel on the Greek island of Milos. The hotel, located near Sarakiniko beach, has a total of 30 suites, each offering a private pool and uninterrupted sea view. Invel and Prodea will invest meaningful capital to expand the […]

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Christmas & New Year 2022-2023: Unique Réveillons & Festive accommodation packages by Zeus International Hotels & Resorts

The holiday countdown has begun here at Zeus International Hotels & Resorts, as always, we’ve prepared unique accommodation offers and festive dinner proposals either you want an urban or a cosmopolitan getaway. Five unique city hotels across Greece and Europe, invite you to impressive Gala dinners with DJ sets or live music, delicious menus, festive […]

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STR & TE maintain ADR and RevPAR forecast in the last U.S. hotel forecast revision of 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted […]

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