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Daily Lodging Report
Accor has opened the world’s largest Mercure hotel in Singapore, featuring extensive amenities and a prime location between Chinatown and the CBD.
1 week ago
Hotels
Today's podcast looks at hotel expansion in Europe, cautious flight plans in the Middle East, and Accor’s India ambitions.
Rashaad Jorden | 1 week ago
Sébastien Bazin believes India has untapped potential, and asserts players need to increase their goals and ambitions to cater to the demand of the market.
Bulbul Dhawan | 1 week ago
Hilton CEO Christopher Nassetta led the pack among hotel executives with a total compensation of $56.8 million in 2023, followed closely by Hyatt's Mark Hoplamazian at $56.4 million and Marriott's Anthony Capuano at $55.5 million.
Sean O'Neill | 2 weeks ago
India is a strong player in Accor's global vision. The record-breaking expansion in 2023 is a step towards its goal of opening 30 properties in the country over the next three to five years.
Bulbul Dhawan | 3 weeks ago
Accor plans to expand its Indian portfolio by introducing 30 new hotels, adding 5,500 rooms over the next 3-5 years, and is set to open luxury hotels including Sofitel Jaipur Jawahar Circle and Raffles Jaipur.
3 weeks ago
While Raffles is best-known for its classical hotels, the brand is fast-developing in the modern Middle East.
Josh Corder | 3 weeks ago
India’s hospitality sector in 2023 saw a record investment of $401 million, marking a near fourfold increase from 2022, with robust growth in hotel transactions, signings, and openings, particularly in tier-two cities, and an optimistic revenue growth forecast for FY2025 driven by spiritual tourism.
CBRE anticipates continued growth in the U.S. hotel industry in 2024, with a 3% RevPAR increase driven by recovery in international travel and strong segments performance, amidst challenges of increasing operational costs and pressure on profit margins.
1 month ago
Travel Technology
This is the latest move in a trend by hotel tech companies to create more comprehensive platforms, meant to help clients fulfill more of their needs in fewer places.
Justin Dawes | 1 month ago
