The Singapore Hotel Association (SHA) has launched its first-ever Hospitality Exchange 2024, a conference focusing on innovation, sustainability, and industry challenges in the Singaporean hospitality sector. The event features insightful discussions, an exhibition showcasing innovative solutions, and networking opportunities for hoteliers.
Choice Hotels’ Cambria brand, launched in 2005 to expand beyond its midscale and economy offerings, has overcome early struggles and emerged as a strong competitor in the upscale hotel market. Through redesigns, a conversion model, and targeted market adjustments, Cambria has achieved significant growth and gained recognition alongside established brands like Courtyard by Marriott and Hyatt Place.
Louvre Hotels Group (LHG) is aggressively expanding its presence in the MENA region, with plans to add 4,000 hotel rooms by 2027, including 1,000 in Saudi Arabia. The company aims to become one of the top five hotel operators in the region by 2030, leveraging its focus on modern, affordable hotels and technological advancements.
California’s vibrant tourism industry is experiencing a downturn as domestic leisure travel demand weakens, impacting hotel occupancy and revenue across popular destinations. The slowdown is attributed to economic uncertainty, changing consumer preferences, and lingering effects of the pandemic, raising concerns about the future of the state’s hospitality sector.
Indian hotel operator Oyo has acquired the iconic American budget hotel chain Motel 6 from Blackstone for $525 million. The deal marks a significant expansion for Oyo in the US market and positions the company to become a major player in the economy lodging segment.
India’s hospitality sector is booming, with record hotel openings and investments driven by domestic tourism, destination weddings, spiritual tourism, and both leisure and business travel. The country is poised to dominate Asia Pacific’s hotel market, attracting significant investments from high-net-worth individuals, institutional capital, and developers.
Playa Hotels & Resorts has sold its Jewel Palm Beach resort for $68 million, marking a strategic move to streamline its portfolio and strengthen its financial position. The sale allows Playa to focus on its core strengths, including its premium beachfront properties and partnerships with renowned brands like Hyatt, Hilton, and Wyndham.
The Hospitality Show, a collaborative effort between the American Hotel & Lodging Association (AHLA) and Questex, has earned the coveted Trade Show Executive Gold 100 Grand Award for Best New Event Launch in 2023. This award recognizes the event’s impactful debut, which brought together key players in the hospitality industry through an innovative and interactive format. The Hospitality Show returns in 2024, promising even more opportunities for learning, networking, and innovation within the hospitality sector.
BWH Hotels has appointed Harry Dong as the new CEO and President for China, Mongolia, and Nepal. Dong, who brings over 16 years of experience with BWH Hotels, will lead the company’s expansion efforts in the region, building upon its existing portfolio of 10 hotels.
Park Hotels & Resorts Inc., a major lodging REIT, will release its third-quarter 2024 financial results on October 29th, followed by a conference call to discuss the results on October 30th. The company boasts a diverse portfolio of premium hotels and resorts in prime locations.
