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Spa Revenue Surpassing Room Revenue Growth

Spa Revenue Surpassing Room Revenue Growth

NEW YORK—In 2015, hotel spa department revenue grew at a faster pace compared to other sources of hotel revenue. According to the recently released 2016 edition of Trends in the Hotel Spa Industry, U.S. hotel spa departments were able to ...

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European Hotel Construction Pipeline Shows Growth

According to the recent Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the total pipeline has 1,008 projects/161,271 rooms, up 14 percent by projects and 13 percent by rooms year-over-year (YOY), just a few projects short of Q208 ...

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Hong Kong Company Buys Baha Mar

Hong Kong Company Buys Baha Mar

NASSAU, Bahamas—Chow Tai Fook Enterprises Limited (CTFE), a leading Hong Kong-based global conglomerate with a diversified business portfolio—including extensive hospitality experience with resort and mixed-use developments worldwide – today announced it has signed an agreement to own and operate Baha ...

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KSL Capital Partners, KKR Acquire Apple Leisure Group

Prive-equity companies KSL Capital Partners and KKR will acquire Apple Leisure Group from Bain Capital for an undisclosed amount. Apple Leisure Group is the parent company of Apple Vacations, Travel Impressions, CheapCaribbean.com, AMResorts, Amstar, and Worldstar. The transaction is expected ...

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$400 Million Mixed-Use Project Coming to San Diego

$400 Million Mixed-Use Project Coming to San Diego

A new landmark tower complex with a mix of 10 planned uses has earned a go-ahead from officials in San Diego, where the high-rise will be constructed on a downtown site between the Gaslamp Quarter and East Village neighborhood. Designed ...

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