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Finding Your Guests in the ChatGPT Data, Most Hotel Budgets Are Agreed but Few Are Owned, The HR Playbook for Competing with Alternative Stays

Friday brought Martin Soler on what OpenAI's Signals data shows about who uses ChatGPT for information-seeking and what it means for ChatGPT ad placements, Muhammad Tanveer's Revenue Provenance Ladder for testing whether hotel budgets are owned or merely agreed, and Merrick P. Dresnin's HR playbook for competing with alternative stays. France's lease reform, Gen Z travel spending, and seven property announcements closed the week.

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RIU achieves a historic milestone with the purchase of its first hotel in Barcelona

RIU Hotels & Resorts has just confirmed the purchase of the historic Hotel Princesa Sofia in Barcelona from its previous owners, Blasson Property Investments and BNP Paribas Asset Management Alts. The asset has a strategic location on Avenida Joan XXIII, just one block from Avenida Diagonal, right next to the Camp Nou, the iconic CaixaBank headquarters and opposite the Jardines de las Infantas and various University of Barcelona campuses, in the most elegant part of the Les Corts - Pedralbes district.