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TravelClick Predicts Thriving Summer Travel Season

TravelClick Predicts Thriving Summer Travel Season

NEW YORK—Hotels in major North American markets experienced positive growth in rate, according to data from the May 2015 TravelClick North American Hospitality Review (NAHR). TravelClick’s data also reports that three quarters of the 25 markets measured are experiencing increases ...

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PwC Predicts Another Year of RevPAR Growth

PwC Predicts Another Year of RevPAR Growth

NEW YORK—An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger than previously expected increase in occupancy levels, offset by softer than anticipated growth in ...

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Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Originally built between 1904 and 1908 as The ...

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First Nobu Hotel in Asia Opens at City of Dreams Manila

First Nobu Hotel in Asia Opens at City of Dreams Manila

MANILA, Philippines—The first Nobu Hotel in Asia has officially opened at City of Dreams Manila, Melco Crown Entertainment’s new integrated casino resort at Entertainment City, Manila. Championed by Nobu Hospitality founding partners chef Nobu Matsuhisa, actor Robert De Niro, and ...

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