SHERIDAN, WYOMING – Feb. 18, 2025 – Union Square Hospitality Group (USHG) has reopened the View, the iconic revolving restaurant, bar, and lounge spanning two floors of the New York Marriott Marquis in Times Square.
A Panoramic Dining Experience
SHERIDAN, WYOMING – Feb. 18, 2025 – Wyndham Hotels & Resorts capped off 2024 with unprecedented growth, achieving record-breaking results across several key performance indicators, including net-room expansion, RevPAR, and franchisee engagement. The company's strategic focus on the burgeoning extended stay market, coupled with international expansion and a shift towards higher-fee properties, fueled this remarkable success.
Record-Breaking Expansion and Retention
SHERIDAN, WYOMING – Feb. 18, 2025 – Minor Hotels is celebrating its most successful financial year to date, and the company anticipates even greater achievements on the horizon, fueled by the highly anticipated third season of HBO's hit series, The White Lotus.
Record-Breaking Performance in 2024
Minor Hotels has reported exceptional financial results for 2024, marking its best year ever. This impressive performance reflects the company's strong operational strategies and the resurgence of global travel.
SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry is experiencing a wave of new leadership appointments, with several prominent hotels and groups announcing key hires this week. These appointments signal a focus on growth, enhanced guest experiences, and strategic revenue management. From regional general managers to cluster directors of revenue and executive chefs, these individuals bring a wealth of experience and innovative ideas to their new roles.
Choice Hotels EMEA Promotes Tobias Reinecke
SHERIDAN, WYOMING – Feb. 17, 2025 – Over the past decade, the concept of luxury has evolved dramatically. Once defined by opulence, exclusivity, and grandeur, it is now centered around authenticity, purpose, and transformative experiences. Today’s travelers seek more than material indulgence—they crave meaningful connections, personal enrichment, and experiences that go beyond traditional luxury.
The Evolving Concept of Luxury
SHERIDAN, WYOMING – Feb. 17, 2025 – According to Holistique Training’s Evolution of Hospitality Industry Trends, the hospitality industry is undergoing a profound transformation driven by shifting consumer expectations, technological advancements, and a growing focus on sustainability and well-being. In response, hotels worldwide are investing in renovations to meet the demands of the modern traveler.
Understanding the Modern Traveler
SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry has historically focused on primary markets, but exciting opportunities lie in secondary and tertiary markets. These markets offer a balanced approach to risk and the chance to contribute to local economies while meeting evolving traveler preferences. This combination makes them valuable for the future of hospitality.
Why Focus on Secondary and Tertiary Markets?
SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry's recovery has significantly altered financing needs. Hotels now require capital for technology upgrades, sustainability initiatives, and operational enhancements, in addition to traditional expansions. This necessitates a thorough understanding of both traditional and alternative financing sources. This article, by Sanat Patel, Chief Lending Officer, AVANA Companies, explores the comparative advantages of banks and private lenders in supporting these evolving needs.
SHERIDAN, WYOMING – Feb. 17, 2025 – Owner's representatives play a crucial role in transforming hotel developments from concept to reality, ensuring that every phase of the project aligns with the owner's vision, budget, and timeline. In today’s complicated hospitality construction landscape, project owners can become overwhelmed trying to make smart financial decisions while juggling a multitude of contractors and subcontractors who may have differing opinions.
SHERIDAN, WYOMING – Feb. 17, 2025 – According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of fourth quarter of 2024, showing minimal change year-over-year (YOY).
Projects Under Construction and in Planning
