All Hotel Industry News

700 Wanda Moments Hotels To Be Developed Within 5 Years continue reading →

Rwanda is no longer a newcomer into the tourism scene – it has paved its own way to becoming a leading eco-tourism and MICE destination, anchored in its vision, values, aspirations and leadership. Now is the time to invest in this country full of opportunities and possibilities. continue reading →

Net loss attributable to Vail Resorts, Inc. was $107.8 million for the first fiscal quarter of 2019 compared to a net loss attributable to Vail Resorts, Inc. of $28.4 million in the same period in the prior year. Fiscal 2019 first quarter net loss included the after-tax effect of acquisition and integration related expenses of $4.9 million and an incremental loss of $3.6 million from off-season operations at the resorts acquired during the quarter, as well as approximately $1 million of headwind from currency translation related to operations at Perisher. continue reading →

Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential. continue reading →

This was ROC’s fifth global event of the year, other ROC locations include The United States, The Netherlands, Singapore, and Brazil. ROC’s hugely successful launch at Madinat Jumeirah brought together Revenue Management, Distribution, Sales and Marketing executives in the hotel industry with a programme compiled of education, collaboration and innovation. continue reading →

'With all the resources they have,' says Andrei Barysevich, a researcher with the threat intelligence company Recorded Future, 'they should have been able to isolate hackers back in 2015.' continue reading →

Study Hotels is continuing their expansion into prominent university markets with its third property, The Study at University of Chicago. The new hotel plans to open its doors to guests in the first quarter of 2021. continue reading →

Hyatt Hotels Corporation (NYSE: H) and UEM Sunrise Berhad yesterday celebrate the opening of the Hyatt House Kuala Lumpur, Mont’Kiara, marking the brand’s entry into the extended stay hotel segment in Malaysia and the Southeast Asian region. continue reading →

European hoteliers had cause for celebration in October, as hotels recorded a 6.1-percent year-on-year increase in profit per room. Performance was boosted by a number of major festivals hosted in key cities, according to the latest data tracking full-service hotels from HotStats. continue reading →

Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent. Job gains occurred in health care, in manufacturing, and in transportation and warehousing. continue reading →