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Market Report Singapore |
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Singapore reported hotel occupancy rose 0.4% to 86% in February, according to preliminary STR monthly data. ADR increased 4.7% to 286.56 Singapore dollars ($218.63) and RevPAR rose 5.2% to SG$246.52 ($188.08). Read more |
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Market Report Munich |
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Munich hotels reported occupancy nosedived 7% to 66.7% in February, according to preliminary STR data. ADR similarly dropped 9.5% to 113.06 ($139.85) and RevPAR fell 15.8% to 75.46 ($93.34). Read more |
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UHF-RFID Linen System |
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Thunder Valley Casino Resort to Upgrade Existing InvoTech RFID Uniform System for Additional Inventory Management Efficiency Read more |
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Online Reputation Management |
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Milestones From the Companys History Include Last Years Acquisition By Recruit Holdings - Big Promotion For Existing and New Clients Read more |
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Smart Decision Guide To Restaurant Management And POS System |
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Today, guest-facing apps are soaring in popularity, automating various types of interactions between diners and restaurants. Self-service kiosks are also gaining ground. These technologies are aimed at reducing friction in the ordering process making it easier to customize meals, for example, and cut wait times. Read more |
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U.S. Hotel Transaction Almanac |
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Hotel transactions in the U.S. top 25 markets accounted for just 37% of sales in 2017, down from 52% of all sales in 2016. Read more |
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Hotel Transaction Hawaii |
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced that it has completed the sale of the leasehold interest in the 693-room Aston Waikiki Beach Hotel in Oahu, HI for a sale price of $200 million, or approximately $310,000 per key. The price represented a 12.6x multiple on the Hotel's 2017 EBITDA. Read more |
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IHG Acquires Stake In Regent |
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InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announced that it has agreed to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026. Read more |
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Top Hotel Star Awards |
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The value of revenue growth to an industry rife with increasing competition has this week been recognized at the 2018 Top hotel Star Awards held in Hamburg, Germany. Read more |
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Hospitality Technology Showcase - 2018, Nepal |
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Hotelogix had hosted the 2nd edition of Hospitality Technology Showcase - 2018, Nepal in February. The one-day long industry event was organized by Hospitality Systems, Hotelogixs local partner in Nepal. Read more |
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Customer Lifetime Value |
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Smart hotel marketing pros are using simple math get more budget. Read more |
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