HNR News Issue: August, 2 2023 |  Read Online

HNR News
Demand for Business Travel is Back - But Purpose is Key

Demand for Business Travel is Back - But Purpose is Key

The demand for business travel is back, with a return to in-person and corporate industry events under the provision that business needs are balanced with social and environmental considerations. Read more

TODAYS BYLINES

 

Travel Spending Trends

Consumers to Spend 28% More on Travel over the Next 12 Months - By Eve Marie Morgo

Travel remains the highest priority discretionary category. Travelers value currency transparency with moderation in demand for short-term credit. Read more

 

Hospitality Graduate Student Blog Competition

Revolutionizing Hospitality: How AI-Powered Chatbots and Virtual Concierge Services Elevate the Guest Experience - By Nina Drager

The hospitality industry is constantly on the lookout for innovative technologies that could further improve the guest experience and streamline operations. In this article, we will explore how cutting-edge technologies are breaking down language barriers, providing personalized recommendations and enhancing operational efficiency in the hospitality sector. Read more

 

Trends

 

Hospitality Group And Business Performance Index

Report Shows Q2 2023 Group Revenue Recovery in Fourteen of Top Twenty-Five US Markets

Group business shows most significant improvement at 102 percent of the same period in 2019 Read more

 

Travel Spending Trends

Amount Spent on Hotel Reservations 50% Up from Q2 2022 and 27% Up from Q1 2023

Travel Trends report also reveals annual growth in spend and volume for domestic and international air travel as well as hotel reservations Read more

 

News

 

Hotel Development Dubai

IHG Hotels & Resorts in Partnership with Aqarat, Introduces Vignette Collection to the UAE and Kuwait

IHG Hotels and Resorts has announced the signing of franchise agreements with subsidiaries of Aqarat, a global hotel owner, in relation to two new Vignette Collection hotels which will launch IHG’s new collection brand to the Middle East later this summer. Read more

 

Hotel For Sale Houston

Holiday Inn Express & Suites Houston East Baytown Hotel Listed for Sale

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 91-key Holiday Inn Express & Suites Houston East Baytown, a limited-service hotel asset located in Baytown, Texas. Read more

 

Sonesta Development Update

Sonesta Announces 13 New Hotel Openings During the First Half of 2023

Sonesta, the 8th largest hotel company in the US, today announced that it added 13 hotels to the company's global portfolio during the first six months of 2023. The new hotels, with a total of more than 1,000 rooms. Read more

 

Hotel Portfolio Transaction

Braintree Group Acquires Three Hotels in Lehi, Utah and Henderson, Nevada

The properties are the Courtyard by Marriott Lehi at Thanksgiving Point and the SpringHill Suites by Marriott Lehi at Thanksgiving Point, both in Lehi, Utah, and the Hilton Garden Inn Las Vegas/Henderson, in Henderson, Nevada. Read more

 

Hotel Transaction Mississippi

Holiday Inn Express & Suites Picayune-Stennis Space Center Hotel in Picayune, Mississippi Sold

Elise Capital announced today the acquisition of the Holiday Inn Express & Suites Picayune-Stennis Space Center, located in Picayune, Mississippi. This property marks the firm's third hospitality acquisition in the last two years. Read more

 

Hotel Development Mexico

Rafael Nadal and Meliá Hotels International Announce New Hotel to Open 2025 in Sayulita, Mexico

Zel, the hotel brand created by Rafa Nadal and the Meliá group, begins its international expansion by signing a new hotel in the Mexican Pacific Read more

 

Hotel Transaction Houston

Quality Suites North Houston Hotel Sold

HVS Brokerage & Advisory announces the sale of the 52-key Quality Suites North Houston, located at 150 Overland Trail, Houston, Texas 77090. Read more

 

In Brief

 

Channel Management
Partners Guide to Onboarding Success with Su

Hotel Development India
IHCL to Debut in Jorhat, Assam with the Signing of a Ginger Hotel

Hotel Development India
110 Key Voco Goa Arpora Hotel to Open 2025 in India

Hotel Transaction Fort Myers
Econo Lodge by Choice Hotels in Fort Myers, Florida Sold

HVS Asia Pacific
HVS Asia Pacific Hospitality Newsletter - Week Ending 28 July 2023

Marriott International Results
Marriott International Reports Second Quarter 2023 Results and Raises Full Year Outlook

Hotel Opening New York State
Hotel NoMa, Trademark by Wyndham is Open in Lower Westchester

 

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