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Article - STR Weekly Insights on Global Hotel Industry Performance: 14-20 April 2024 - Global leisure demand beginning to bloom - U.S. RevPAR moderated after three unsteady weeks.
Saudi Arabia is gearing up to develop 320,000 hotel
The European hotel investment market is set to grow this year, with 70% of investors planning to increase capital allocation to the sector, according to CBRE’s...
Gillian Mylles has been appointed as General Manager at The Resident Edinburgh, overseeing the hotel's opening in the Scottish capital. The 164-room property was subject to redevelopment of a 1960's eyesore into an exemplar sustainable new purpose for the building as a hotel. Resident Hotels will operate the Upper Upscale hotel, developed with Mactaggart Family & Partners, becoming the sixth ''The Resident'' branded hotel within the group's portfolio.
Article - STR Weekly Insights on Global Hotel Industry Performance: 31 March - 6 April and Preliminary March 2024 - Most of the largest global countries saw RevPAR decline as well, which is in line with past years and the Easter holiday.