⚡ IHG and NOVUM Hospitality Join Forces to Transform German Hotel Landscape

⚡️ Top Hotel News

🤝 IHG and NOVUM Hospitality Join Forces to Transform German Hotel Landscape

⚡ IHG is poised to double its presence in the country, boasting over 200 hotels in nearly 100 cities. This strategic partnership not only marks a significant expansion for IHG but also heralds the European debut of several of its esteemed brands, including the iconic Holiday Inn. Read More.

💰 U.S. Budget Hotels Feel the Pinch: Is Inflation the Culprit?

⚡ U.S. budget hotels experienced a dip in performance in the initial months of this year compared to the same period last year. The decline raises questions about whether inflationary pressures are squeezing American travelers' budgets, impacting their accommodation choices. Read More.

🇮🇳 Wyndham's Debut in India: The Earth Amritsar Unveiled

⚡ Wyndham Hotels and Resorts have marked their entry into the Indian hospitality scene with the inauguration of The Earth Amritsar, operating under the prestigious Trademark Collection by Wyndham brand. Partnering with Earth Suites and Resorts Private Limited, this heritage hotel boasts 57 keys, offering a unique blend of tradition and modernity. Read More.

💡 TFE's Adina Hotels Introduce MM:NT Berlin Lab

⚡ The launch of MM:NT Berlin Lab marks a pioneering move by award-winning apartment hotel operator, Adina Hotels – owned and operated by Australia’s International Hotel Group, TFE Hotels. Read More.

🛎️ Hotel Asset Managers Confident About Revenue Growth, but Worry About Demand Outlook

⚡ Hotel asset managers are feeling more confident about growing both revenue and profitability in 2024, but still hold major concerns about the strength of demand, as well as increasing costs from wages and insurance, according to the latest survey from the Hospitality Asset Managers Association. Read More.

💸 Partners Group acquires minority stake in Trinity

⚡ Partners Group, a global private markets firm, is set to acquire a strategic minority stake in Trinity Investments, a U.S. based hospitality-focused real estate investor, to support its future growth. Partners Group will initially target a $500 million investment with Trinity and will also have the opportunity to commit further capital to Trinity’s North American, European and special situations investment platforms. Read More.