Tag: finance
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...
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...
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...
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...
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...