Village Hotels acquires former Crowne Plaza Reading in the UK from Brightbay, Extendam sells budget hotels in Grenoble, Saint-Etienne and Valencia, Interesting Hotels acquires former Hilton Garden Inn Snowdonia, UK.
OJR Makes Two Hotel Acquisitions in Japan, JHR Sells Washington Hotel Plaza Hakata, Nakasu for JPY4.61 Billion in Fukuoka, Japan, Madison Plaza Townsville Sold in Australia, Indonesia Aims to Invest IDR2.254 Trillion in Tourism for 2025.
In the hyper-competitive landscape of the hospitality industry, operational benchmarking emerges not just as a tool but as a strategic lever for unlocking profitability. The days of relying solely on traditional KPIs like RevPAR are over; today's hotel operators need to dive deeper into granular performance data to achieve operational excellence.
Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce that the newly-revised 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI™) is now available as a soft-cover book. This edition was initially released as a digital publication in July 2024, and with the printed version available, users have an additional option for accessing the uniform system’s guidance.
Orbite, the premier space training and operations company for space explorers, announced the completion of its $4 million Series A funding round, backed by both existing and new investors. The new funding will allow Orbite to scale its operations, boost sales and marketing efforts, and advance pre-development for its inaugural Spaceflight Gateway Campus. The company also revealed a strategic partnership with Accor, one of the world’s leading hospitality companies, to support the development and operation of Orbite’s Spaceflight Gateway campus and its plans for international expansion.
Hospitality Financial and Technology Professionals (HFTP®) has introduced a new program to identify authorized providers of software products and services which use elements from the Uniform System of Accounts for the Lodging Industry (USALI™), a guidance for standardized industry financial reporting and analysis. HFTP has recently released the USALI 12th Revised Edition, which has a focus on increased reporting transparency. The mandatory adoption date for this edition is January 1, 2026; however, companies that choose to do so may adopt sooner.
Vision Hotels Acquires Beachcomber Island Resort in Fiji, Ichigo Hotel Makes Two Hotel Acquisitions and One Hotel Sale in Japan, JMF Announces Planned Acquisition of Hotel Under Construction in Kamakura, Japan, Trouville Hotel Sold to Joint Partnership for GBP3 Million in The United Kingdom, Travellers Group Acquires Burnett Riverside Hotel in Bundaberg, Australia.
Grande Asset Sells Hyatt Regency Bangkok Sukhumvit for THB5.055 Billion in Thailand, Twenty One Whitfield Hotel Sold for HKD268 Million in Hong Kong, Eight-storey Serviced Apartment Block Sold for HKD160 Million in Hong Kong, Loadstar Capital Acquires Three Hotels in Japan, Singapore’s Changi Airport Invests SGD3 Billion in Upgrades.
Like every other calendar year before it, entering 2025 presents a series of challenges and opportunities for every hotel organization. Labor issues persist, the need for integrated technology continues to become pivotal for operations and guest demands are evolving for every amenity or brand feature.
TPGAG and Kenedix to Purchase Grand Nikko Tokyo Daiba in Japan for JPY106 Billion, Ichigo Hotel to Sell Valie Hotel Hiroshima in Japan for JPY1.785 Billion, EVT Sold Rydges Hobart in Tasmania, Australia, Roma Explorers Inn Sold in Queensland, Australia.
MCK Acquires The Mayfair for NZD31.9 Million in Christchurch, New Zealand, The Adelphi Hotel on Flinders Lane Sold for AUD19 Million in Melbourne, Australia, CLAS Divests Somerset Olympic Tower Tianjin in China, Joint Venture between Ascott China and Jin Jiang China, New Mixed-Use Development with Co-Living Units to be Launched in Singapore by 2029.
In an industry-leading move, Capella Hotel Group announces the acceptance of Digital Payment Tokens (DPTs) at its flagship properties, Capella Singapore and Patina Maldives, Fari Islands. As a leader in luxury hospitality, Capella Hotel Group recognises the growing demand for this as a secure and convenient payment option, and has partnered with dtcpay, a Singapore-based DPT payment service provider licensed by the Monetary Authority of Singapore, to enable guest transactions without any risk of price volatility.
Acure Acquires Quest Dubbo Hotel for AUD17 Million in Australia, JPR Acquires The Royal Park Canvas Nagoya for JPY6.5 Billion in Japan, TFE Hotels and Heritage Hotels Announce Strategic Partnership, Hong Kong has Established New Routes to Sendai and Tokushima, Japan.
A highlight of the Hospitality Financial and Technology Professionals’ (HFTP®) upcoming Annual Convention is the session, “Navigating Challenges in 2025: How Hotel Owners and Management Companies Can Collaborate Successfully.” Speaking on the panel are top hoteliers John Murray, president and CEO for Sonesta International Hotels Corp. and Blair Wills, president and CEO for StepStone Hospitality. Scheduled for October 23, the conversation will be moderated by Robert Mandelbaum, research director for CBRE Hotels Research and a director on the HFTP Global Board. The Annual Convention is October 23–25 at The Mohegan Sun Resort & Casino.
The Middle East hospitality industry is at the brink of transformation, driven by technological advancements, shifting consumer preferences, and an increasing focus on sustainability.
HVS is Thrilled to Announce the Return of Henrich Huang and Chariss Kok to Our Team in Key Leadership Roles, LOTTE REITs to Acquire L7 Hotels Gangnam Tower for KRW330 Billion, Schwartz Family Company Acquired Leura Gardens Resort for AUD25 Million, Hostel Brand Selina Sold to Collective Hospitality, Dusit Hotels and Resorts Enters Strategic Partnership with Generator and Freehand Hotels, Correction for Last Week’s Newsletter Titled Star Asia Acquires Four Hotels in Japan for JPY34.7 Billion.
HVS, the leading global hospitality consulting and services firm, is pleased to announce the launch of TrendTrack, a proprietary tool that enables hospitality clients to make better business decisions.
Sonesta, the 8th largest hotel company in the US, today announced a new incentive program that provides a 2% incentive to franchisees who utilize Sonesta’s procurement program for purchasing needs. This initiative offers significant financial benefits to owners and underscores Sonesta's commitment to transparency, innovation, and strong franchise relationships.
Kasumigaseki Capital Transacted Two Japanese Hotel Development Sites, Osaka’s New Mixed-use Development Opens with Three New Hotels, The Light City Mixed-Use Development in Penang is Set to Welcome Two New Hotels, Malaysia Set to Enhance Cruise Tourism Infrastructure, Grand Fortune Hotel Bangkok to be Rebranded into a New Avani Hotel in Bangkok.
Premia to acquire two hotels in Greece from Nordic Leisure Travel Group, Atom divests Exe Coruna hotel in Galicia, Spain.