HOTEL NEWS
San Francisco officials approve new hotel in vote of confidence for hard-hit tourism sectorThe project comes as some city stakeholders anticipate brighter times for the region's economy tied to visitors.
CoStar World News for Sept. 18Saudi Arabia giga-projects slow; UK office tenants move past amenity focus; Furniture retailer opens on famed Paris boulevard.
Hoteliers navigate a challenging summer, changing landscapeA weak summer lead into a difficult budget season for hoteliers, and CoStar News Hotels podcasts dove into those topics and many others in recent months.
US Open serves end-of-summer win for New York hoteliersNew York City hoteliers end the summer on a win with increased demand from the U.S. Open.
Hotel guests expect improved dining and consistent maintenance, report showsAccording to Andrea Stokes, hospitality practice lead at J.D. Power, the newest report finds that guests are satisfied with rooms and service.
How conversions fit into the US hotel development pictureAt the Hotel Data Conference, CoStar's Michael Stathokostopoulos explained how hotel conversions factor into the overall U.S. hotel development landscape.
SongTeller Hotel is Dolly Parton's love song to Nashville, general manager saysShannon Foster shares details of the country star's latest hospitality endeavor that's expected to open next spring.
What's driving the widening gap between luxury, economy hotels in the USThe U.S. hotel industry continues to see bifurcation between the luxury and economy segments as higher costs of living weigh more heavily on economy hotels and lower-income guests, which are borrowing more with credit to fund their travel.
Accor’s Las Vegas push points to targeted US hotels growth strategyFrench hotel firm Accor has followed a selective growth strategy in the U.S. for many years, focusing on moving into key markets, such as recently taking over management of the Treasure Island property in Las Vegas.
Hospitality tech expert emphasizes importance of 'data hygiene' in age of AIKurien Jacob of Highgate Technology Ventures emphasizes the importance of hotels maintaining good "data hygiene" as artificial intelligence-powered tools grow in popularity.
US travelers flock to the airport for Labor Day travelA record 10.4 million travelers were screened by the Transportation Security Administration over the Labor Day holiday weekend from Friday, Aug. 29 through Monday, Sept. 1.
Featured
5 things to know
5 things to know
Analytics
Revenue per available room fell by its largest margin in eight weeks despite lack of calendar shifts
Analytics
Brands
Hotel has a history of welcoming the visually impaired with special amenities
Brands
Ownership
Industry seems to be past waves of large insurance hikes
Ownership
Travel + Leisure announces plans for approximately 250-room hotel near Michigan Avenue
5 things to know
5 things to know
Headlines for Sept. 18
Opinions
A more holistic approach can take hotel marketing to new heights
Opinions
Brands
Deal includes Ace Hotel brand and creative firm Atelier Ace
Brands
People
New general managers in Miami and California
People
Revenue Management
Hoteliers' uncertainty differs from past cycles
Revenue Management
Opinions
Communicate the 'why' to make the most impact with guests
Opinions
Ownership
New survey notes hotel owners are seeking brand, management changes to spur performance
Ownership
Video
Operations
New Waterloo prioritizes community-focused 'impact hospitality'
Operations
Video
Operations
SVP of Commercial Strategies Lovell Casiero says integration of companies 'takes a village'
Operations
Development
‘Miami is one of our top favorite markets’ in the world, said executive Jesse Stein
Development
Hospitality
Firm also plans bond offering to support Hotel Seville NoMad
Hospitality
Ownership
Hotel last sold in October 2021 for $174 million
Ownership
Revenue Management
Government layoffs account for large chunk of group travel malaise
Revenue Management
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
France
Buyers are Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners
France
Saudi Arabia
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
Saudi Arabia
France
Head of LVMH pays €200 million for hotel near Monaco
France
Italy
Upcoming Venice hotel will be Langham's second in Europe
Italy
Macao
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Macao
United Kingdom
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
United Kingdom
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
From overflowing bookshelves to reading-ready nooks, these seven hotels tout literary decor and fictional features.
Olympia Hospitality takes tailored approach to management in uncertain environment
In a recent video interview, Olympia Hospitality President Sara Masterson described how conversions of group business is lower than it was before even though the number of inquiries has stayed consistent.
KSL Capital secures $480 million refinancing for Hawaii resort portfolio
The private equity firm cashed out $148 million on island property debt.
Hotel experts react to Fed cutting interest rates for first time in nearly a year
The Federal Reserve has cut interest rates by 25 basis points, which is welcome news to hotel owners hoping for lower cost of debt.
Austin city leaders, hoteliers make adjustments during major convention center closure
Visit Austin President and CEO Tom Noonan said his city is leaning into a shorter but heavier period of disruption to get to the upside of the $1.6 billion project by 2029.
The value of housekeeping for guests and hotels
Davidson Hospitality Group executives joined the latest episode of the CoStar News Hotels podcast to talk about both the guest experience and career growth benefits of working in housekeeping.
Featured
5 things to know
5 things to know
Analytics
Revenue per available room fell by its largest margin in eight weeks despite lack of calendar shifts
Analytics
Brands
Hotel has a history of welcoming the visually impaired with special amenities
Brands
Ownership
Industry seems to be past waves of large insurance hikes
Ownership
Travel + Leisure announces plans for approximately 250-room hotel near Michigan Avenue
5 things to know
5 things to know
Headlines for Sept. 18
Opinions
A more holistic approach can take hotel marketing to new heights
Opinions
Brands
Deal includes Ace Hotel brand and creative firm Atelier Ace
Brands
People
New general managers in Miami and California
People
Revenue Management
Hoteliers' uncertainty differs from past cycles
Revenue Management
Opinions
Communicate the 'why' to make the most impact with guests
Opinions
Ownership
New survey notes hotel owners are seeking brand, management changes to spur performance
Ownership
Video
Operations
New Waterloo prioritizes community-focused 'impact hospitality'
Operations
Video
Operations
SVP of Commercial Strategies Lovell Casiero says integration of companies 'takes a village'
Operations
Development
‘Miami is one of our top favorite markets’ in the world, said executive Jesse Stein
Development
Hospitality
Firm also plans bond offering to support Hotel Seville NoMad
Hospitality
Ownership
Hotel last sold in October 2021 for $174 million
Ownership
Revenue Management
Government layoffs account for large chunk of group travel malaise
Revenue Management
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
France
Buyers are Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners
France
Saudi Arabia
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
Saudi Arabia
France
Head of LVMH pays €200 million for hotel near Monaco
France
Italy
Upcoming Venice hotel will be Langham's second in Europe
Italy
Macao
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Macao
United Kingdom
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
United Kingdom
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
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