⚡ IHG Hotels & Resorts Records 2.6% Revenue Growth in First Quarter

⚡️ Top Hotel News

📈 IHG Hotels & Resorts Records 2.6% Revenue Growth in First Quarter

⚡ IHG Hotels & Resorts, a global hospitality giant, recently released its first-quarter results for 2024, revealing a mixed performance across different regions. The company reported a 2.6% year-over-year increase in global RevPAR (Revenue per Available Room), a key metric in the hospitality industry. Read More.

💰 Host Hotels Reports Q1 2024 Revenue Increases and Net Profit Decreases

⚡ Host Hotels & Resorts, Inc., the leading real estate investment trust (REIT) in the hospitality sector, unveiled its financial performance for the first quarter of 2024. Noting a revenue Increase of $1.47 Billion, while Net Profit Declined by 6.5% Read More.

🛎️ Luxury Hotel Brands Aman, Rosewood, Banyan, and IHG Hasten Openings in Seoul

⚡ Internationally acclaimed hospitality firms such as Aman, Rosewood, and IHG Group are swiftly venturing into South Korea to introduce new five-star luxury accommodations in Seoul and other key urban centers, capitalizing on the post-pandemic surge in tourism. Read More.

🏨 Hyatt to Open Two New Hotels in Madinah: Hyatt House Madinah KEC and Hyatt Centric Madinah KEC

⚡ Hyatt Hotels announced that it has entered management agreements with Knowledge Economic City (KEC) for two new hotels in Madinah, adding 576 keys to its Saudi Arabian portfolio, with the debut of the lifestyle brand Hyatt Centric in the Kingdom, signaling Hyatt's strategic growth in key markets. Read More.

⚖️ Hotel Experts Observe Steady Occupancy, ADR Despite Confidence Dip

⚡ The Hospitality Industry Sentiment (HIS) survey by STR, initiated in Q4 2022 and now in its fifth edition as of Q1 2024, captures the experiences and expectations of travel industry professionals, revealing solidified trends alongside some reversals. Read More.

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