Home / Tag Archives: finance (page 5)

Tag Archives: finance

Feed Subscription

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

AccorHotels Invests in Banyan Tree Holdings

AccorHotels Invests in Banyan Tree Holdings

AccorHotels has entered into a heads of agreement with Banyan Tree Holdings. Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree-branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global ...

Read More »

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 ...

Read More »

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’ ...

Read More »
Scroll To Top