Airbnb and other short-term rental companies are worrisome rivals to the traditional hotel industry, which accuses them of taking unfair advantage of regulatory freedom. But according to a report from STR, "[w]hile Airbnb's share of total accommodation supply was growing, its share of market demand and revenues still was generally below 4% and 3%, respectively."
Carlson Rezidor Hotel Group intends to make its Radisson Blu brand carbon-free across the world this year. The chain's Blu Planet for Meetings program is supporting water projects in Guatemala, India and Malawi.
Marriott, Hilton, Wyndham and InterContinental Hotels have all seen rising stock prices since the election of President Donald Trump, who is no stranger to the hotel industry. The hotel sector has seen higher demand following the election, but some analysts think business travel and corporate demand is now "lackluster."
Tru by Hilton and Moxy Hotels are among the leading brands responding to guest demand for more communal spaces. "Today's travelers often place greater value on convenience, sense of place and community than they do on the traditional luxuries offered by hotels," said David Black of JLL Project & Development Services.
Two developments in the Arts District of Los Angeles will bring an additional 179 hotel rooms to the area, including a 66-key boutique property by Habita Arts District.
A consortium that includes Zobon Real Estate Group has purchased the InterContinental Sydney Double Bay from Royal Hotels Australia, the first luxury hotel deal in Sydney in two years. "The Sydney hotel market is hot and in my 22 years of selling hotels I have never seen it this strong," said Craig Collins of JLL Hotels & Hospitality Group.
New facials at Ireland's spas can address skin problems, such as spots or fine lines, in time for summer. For tired skin and fine lines, turn to the celebrity favorite Anne McDevitt in Dublin for the Eminence Organic Signature Facial featuring Hungarian massage techniques, hot and cold herbal masks and blackhead extraction.
Despite hurdles including terrorism, rising US interest rates and high property values, the climate for hotel mergers and acquisitions is better than in recent months, some experts say. The first quarter saw higher revenues per room year-over-year, according to STR, and various other positives are encouraging investment.
- Page 1