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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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Soft Brands Reap Benefits from Distribution Chains

Soft Brands Reap Benefits from Distribution Chains

Hendersonville, Tenn., has launched a singular promise in recent years: Retain the flexibility of independence, get the backing of a major brand. This approach has been fueling the swell of so-called “soft brands” launched in recent years. And, for the ...

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Global Hotel Industry Grew in Value in 2015

Global Hotel Industry Grew in Value in 2015

The global hotels and motels industry grew to a value of just over $719.1 billion in 2015, with Europe emerging as the largest regional market, and accounting for more than 34 percent of global market value, according to research firm ...

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JLL Arranges $175 Million Sale of St. Regis San Francisco

JLL Arranges $175 Million Sale of St. Regis San Francisco

SAN FRANCISCO—JLL has arranged the sale of the St. Regis San Francisco on behalf of Marriott International. Qatar Investment Authority purchased the 260-key property for $175 million subject to a long-term management contract. International Director John Strauss and Vice President ...

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CBRE Forecasts Mixed Levels of Success for Hotels in 2017

CBRE Forecasts Mixed Levels of Success for Hotels in 2017

ATLANTA—The 2017 outlook for U.S. hotels offers mixed blessings, with near record occupancy levels projected while average daily room rates (ADR) are expected to continue leveling off. According to the recently released December 2016 Hotel Horizons forecast report, CBRE Hotels’ ...

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Best Western Adds First Executive Residency in Africa

Best Western Adds First Executive Residency in Africa

NAIROBI, Kenya—Best Western Hotels & Resorts adds its first Executive Residency by Best Western in Africa to Kenya’s capital city Nairobi, Executive Residency by Best Western Nairobi. Executive Residency by Best Western is an upper-midscale brand with flexible spaces, stylish ...

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