AAHOA’S NORTH TEXAS Region hosted its second Charity Golf Tournament of 2024, raising around $60,000 for five charities. The association’s final Charity Golf Tournament of 2024 will take place in... Read More
Author: asiantrader
SONESTA INTERNATIONAL HOTELS will franchise 114 hotels it currently manages, following their sale by Service Properties Trust or SVC. The Massachusetts-based REIT plans to sell 14,925 keys across 28 states... Read More
DEMAND, WAGE GROWTH and ADR increase remain the top concerns in hospitality industry, according to the Hospitality Asset Managers Association’s Fall 2024 Industry Outlook Survey. However, about 82 percent of... Read More
HIGH LABOR DEMANDS are pushing frequent travelers to take more trips, according to business travel platform Engine. About 93 percent reported increased travel over the past year, with 77 percent... Read More
INDIGENOUS TOURISM IS expected to generate $67 billion globally by 2034, according to the World Travel & Tourism Council. Business travel is set to exceed pre-pandemic levels this year, reaching... Read More
STAYNTOUCH, A CLOUD-BASED hotel property management software developer, recently deployed its PMS at 139 Cobblestone Hotels locations in 90 days. Cobblestone has more than 160 properties across 29 states. The PMS... Read More
INDIA-BASED ORAVEL STAYS, the parent company of OYO, is reportedly in talks to raise $200 million in a primary funding round, according to Business Standard. The funds are expected to... Read More
FIRST HOSPITALITY, A Chicago hotel management and development company, recently launched First Analytics, a suite of analytics and reporting tools. The platform helps hospitality leaders make data-driven decisions that drive... Read More
CHOICE HOTELS INTERNATIONAL recently introduced Lobby in a Box, a modular design package that allows hoteliers to transform lobby dining areas into multifunctional, revenue-generating spaces in around 120 days. The... Read More
PEACHTREE GROUP’S CREDIT team recently crossed $1 billion in year-to-date loan originations, marking a key milestone and setting a new benchmark for early-year performance. The firm projects reaching $1.75 billion... Read More