Hotel News Resource
March, 15 2018
 
 
 
Amazon’s Influence on Online Travel Agencies
 
Amazon’s Influence on Online Travel Agencies - By Max Starkov
 
A recent analysis of Amazon’s ability to disrupt online travel agencies by Morgan Stanley was recently in the news with a number of opinion articles on the subject being published. 'Online travel has proven immune to Amazon disruption so far. But as we have seen with other categories, that doesn’t mean Amazon won’t try again, and they should. Amazon’s focus on selection/service, pricing, and frictionless payment that drive conversion and stronger user economics also translate directly to travel,' said analyst Brian Nowak from Morgan Stanley. Read More
 
Market Report Singapore
Singapore Hotel Industry Reports Positive Results for February 2018
 
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
 
Market Report Munich
Munich Hotels Report Overall Performance Decline for February 2018
 
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
 
UHF-RFID Linen System
Thunder Valley Casino Resort Shifts to RFID Technology for High-Efficiency Uniform Operations
Thunder Valley Casino Resort Shifts to RFID Technology for High-Efficiency Uniform Operations
 
Thunder Valley Casino Resort to Upgrade Existing InvoTech RFID Uniform System for Additional Inventory Management Efficiency Read more
 
Online Reputation Management
A Decade of Review Excellence: TrustYou Celebrates Its 10-Year Anniversary
 
Milestones From the Company’s History Include Last Year’s Acquisition By Recruit Holdings - Big Promotion For Existing and New Clients Read more
 
Smart Decision Guide To Restaurant Management And POS System
Starfleet Research: More Restaurants (and Hotels) Are Upgrading Their Restaurant Technologies
Smart Decision Guide to Restaurant Management and Pos System
 
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
 
U.S. Hotel Transaction Almanac
U.S. Investment in Price Per Hotel Room Drops 12 Percent
Alohilani Resort Waikiki Beach Sold for $515 million
 
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
 
Hotel Transaction Hawaii
Aston Waikiki Beach Hotel Sold For $200 Million
Aston Waikiki Beach Hotel Sold For $200 Million
 
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
 
IHG Acquires Stake In Regent
IHG Acquires 51% Stake in Regent Hotels & Resorts for $39 Million in Cash
IHG acquires 51% stake in Regent Hotels & Resorts for $39 million in cash
 
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
 
Top Hotel Star Awards
Market-Leading Contribution to Hotel Revenue Earns SiteMinder a Gold Top Hotel Star Award
Market-Leading Contribution to Hotel Revenue Earns SiteMinder a Gold Top Hotel Star Award
 
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
 
Hospitality Technology Showcase - 2018, Nepal
Hotelogix Hosts Hospitality Technology Showcase - 2018, Nepal
 
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, Hotelogix’s local partner in Nepal. Read more
 
Customer Lifetime Value
Why Do Some Hotel Marketers Get Everything They Want?
Why Do Some Hotel Marketers Get Everything They Want?
 
Smart hotel marketing pros are using simple math get more budget. Read more
 

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In Brief...
 

HNA Restructuring
China's HNA to Sell 25 Percent Stake in Hilton Grand Vacations - Reuters

Hotel Portfolio Transaction
Al Zaman Group Acquires IntercityHotel Portfolio

HSMA Revenue Optimization Conference
Revenue Managers Flock to 5 International Cities for HSMAI’s Revenue Optimization Conference

Hotel Opening Orlando
Residence Inn by Marriott in Orlando, Florida Opens Near Universal Orlando

Hampton By Hilton Openings
Hampton by Hilton Opens Five Hotels

Airbnb And The Hotel Industry
Finnish Startup Hostaway Finds Niche in Airbnb Hotel Rentals - Reuters

Airbnb And The Hotel Industry
Airbnb Goes to Battle Against Expedia, Booking.com - CNET

 
 
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