The midscale and upscale hotel segments have been driving the growth in the branded Indian hotels sector in the last few years and are the sweet spots for upcoming development in the country. The upscale segment, in fact, has regained the mindshare of hoteliers in the last couple of years due to the significant demand in this segment.
Blackstone to Acquire Eight Hotels from Japan's Kintetsu, Beachcomber Hotel Acquired by Oscars Hotel Group for AUD20 Million in Australia, Australia Lifts Travel Ban on New Zealand Ahead of the Trans-Tasman Travel Bubble, Third Round of South Australia Travel Vouchers to Boost Tourism.
World Autism Awareness Day is an internationally recognized day held on April 2 that promotes societal awareness of individuals living with autism and autism spectrum disorders (ASD), including Asperger syndrome.
Sharp declines in revenue caused by the pandemic coupled with a more cautious approach to lending has prompted hotel valuations to fall over the past 12 months, although not as steeply as some had initially anticipated.
Prior to the onset of COVID, San Francisco was amid a tech-driven renaissance that placed the city and the nine-county San Francisco Bay Area as one of the top-growing metro areas over the last decade.
NRMA Acquires RACT Hotels and Tourism Services for AUD160 Million, Pro-invest Group Launches Distressed Asset Fund to Capitalise Opportunities from Travel Recovery, Thai AirAsia to Restart All Domestic Routes, Malaysia Announces MYR20 Billion Stimulus.
Rod Clough, President – Americas, interviewed Tanya Pierson, Senior Managing Director, Minneapolis and Justin Westad, Vice President, Minneapolis overseeing the Upper Midwest region, on March 23, 2021, to discuss the current Minneapolis market dynamics and the outlook for recovery.
Franchising is slowly but steadily making its presence felt in the Indian hotels sector. Approximately 17% of the total brand signings by keys in 2020 were franchised properties as compared to 14% in 2019 and 10% in 2018.