Kalibri Labs Launches Predictive Tool to Support Recovery Planning
Rockville, Md.—Kalibri Labs recently announced upgrades to its database, including the ability to provide RevPAR, occupancy, and ADR for future dates and to create...
Implications of the Rising Cost of Customer Acquisition
On a superficial level, the implications of the rising costs of customer acquisition are easily identified. Increased costs lead to a decline in profitability,...
How Data and Technology Can Enhance Hotel Cleanliness
The COVID-19 pandemic sparked discussions around sanitation and cleanliness in hotels. Businesses are now navigating these shifts in their operations and accommodating all necessary...
Businesses See GDPR as an Opportunity to Improve Data Privacy and Security
ARMONK, N.Y.—A new study from IBM reveals that nearly 60 percent of organizations surveyed are embracing the General Data Protection Regulation (GDPR) as an...
IDeaS’ Ravi Mehrotra on the Realities of Data in the Revenue Management Space
IDeaS Revenue Solutions has been a cutting-edge presence in the hotel technology space now for 30 years. Its founder, president, and chief scientist Ravi...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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