ROME — Italy’s state-backed funds and sovereign wealth funds are focusing on providing sustainable hotel developments and adjacent communities with return on investment as an important part of the parcel but not the string that ties it up.
Outbound Hotels began with the intent to provide its guests with access to the great outdoors — while also elevating their trips with the experience and amenities of modern hospitality.
MANCHESTER — With her retirement a few months away, Leeny Oberg, Marriott International’s chief financial officer and executive vice president of development, spoke at an industry conference, reflecting on her almost 40-year journey in the hotel and hospitality industry, including nearly 30 years at the world’s largest hotel firm.
Amid government claims of booming tourism revenue and occupancies, hoteliers say the Turkish hotel industry is unstable as operators face rising costs, high inflation and staffing challenges.
PHOENIX – Brand interest in all-inclusive hotels and resorts has been growing for several years, and recent moves in the space have opened up opportunities for third-party management companies to dive in as well.
From a scarcity of seasonal workers to having to project more accurate budgets in an era of uncertainty, hoteliers are facing an array of issues, and experts speaking on recent episodes of CoStar News Hotels podcasts sought to unpack the "why" behind them and so much more.
PHOENIX — Shrinking margins and a tight labor environment are among the major challenges hoteliers are facing today. A potential solution to that is investing in technology and catching up to other industries that are ahead of the curve.
PHOENIX — There's been no shortage of uncertainty in the hospitality industry this year. Performance fell short of expectations due to unforeseen challenges such as cratering international travel from certain regions and rising costs of materials and food.
Vienna-based developer JP Hospitality has launched a new brand in Pan Am Hotel with a development focus on airport hotels both in Europe and internationally.
PHOENIX — This year hasn't quite gone the way hoteliers expected, with performance coming short of expectations and the transaction market remaining relatively quiet as a couple of examples. With 2026 right around the corner, executives at The Lodging Conference hope that next year will bring better results as the industry wades through choppy waters.
In 2024, the average occupancy of branded hotels in Almaty, the largest city in Kazakhstan, and Tashkent, the capital and largest city in neighboring Uzbekistan, set new records as governments efforts to expand the inflow of foreign tourists are starting to pay off.
Spanish real estate investment trust Azora has finalized its acquisition of Spanish hotel operator Medplaya Hotels, along with six of its owned hotel properties, for an undisclosed price.
By the time early fall rolled around in 2024, the hotel industry had more than 10,000 workers scattered across major U.S. markets on picket lines in a historic wave of strikes.