Search results for “hotel”
Unlocking the potential of single-night stays
08/18/2019|3:48:28 PM|
Many accommodation providers are seeing a rise in the demand, driven by an increase in ‘bleisure’, last-minute and one-night weekender travel.
How outsized supply growth is affecting Chinese hotels
08/13/2019|6:05:36 PM|
For the first time since 2016, STR data shows mainland China supply growth outpacing demand growth, leading to occupancy declines.
TripAdvisor hotel revenue down by 9%, adjusted EBITDA up by 17%
08/08/2019|2:40:49 PM|
Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.
Shiji’s hotel tech acquisition spree: a closer look
08/07/2019|6:00:23 PM|
Since 2016, Shiji has spent $141 million on acquisitions and investments across 10 tech companies outside of China.
CVC to buy Korea’s No.2 hotel booking app in $285 mn deal
08/06/2019|11:58:52 AM|
It is aiming to close the deal in August, which will be its first Korean acquisition in five years.
Hotels in China dig deep to evaluate what makes data an asset
08/05/2019|4:59:49 PM|
The result-oriented approach is starting to stand out as hotels are now assessing ways to use insights, both via automation for digital touchpoints as well as equipping their staff at a property level, to serve their guests better.
HOTELS 325: Jin Jiang becomes global No. 2 hotel group, OYO ranks 8th
08/02/2019|5:42:49 PM|
Marriott holds onto the top spot and Hilton dipped to No. 3 behind Jin Jiang, which leaped up the ranking after its acquisition of Radisson Hotel Group adding almost 200,000 rooms.
Hotel monitor 2020 forecasts modest rate rises in the world’s key business centres
08/02/2019|5:33:31 PM|
Despite the added capacity, the sustained demand in Asia Pacific means rates are likely to increase. For example, Bangalore and Tokyo will see rates increase by 5% and 4%, respectively.
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