⚖️ Impact of No. 991 Bill on New York City Hotels

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⚖️ Impact of No. 991 Bill on New York City Hotels

The No. 991 bill introduced in New York City proposes changes that impact hotel owners and operators. It lays down rules for contracting services, which means, many hotels will have to hire more employees. Though this bill leaves out engineers and technical workers from this requirement, it is still expected to impact family-owned and minority-owned businesses. Read more.

🗝️ Mercure Hotels Is Opening its 1,000th Hotel

Mercure, a leading midscale brand, is opening its 1,000th hotel. Known for its focus on helping guests connect with local destinations, this brand has a presence across the world. In 2024 alone, it has opened hotels in Dubai, Tirana, Albania, Japan, Singapore, Bangkok, and London. Read more.

📈 Conversions Fuel Growth of U.S. Limited-Service Brands

The conversion of existing properties into limited-service hotels has been a key driver of growth for U.S. hospitality brands. Many hotel operators are shifting focus to affordable, streamlined services as they cater to budget-conscious travelers. This trend is expected to continue as conversions allow for quicker market entry and profitability. Read more.

🏛️ Princeton’s Nassau Inn Inducted into Historic Hotels of America

The Nassau Inn in Princeton, New Jersey, has been inducted into Historic Hotels of America. This prestigious recognition highlights the inn's rich history and architectural significance, having been a part of Princeton's downtown since 1756. The hotel is celebrated for its charm and cultural importance. Read more.

🛒 Pitbauchlie House Hotel Sold Off-Market

Pitbauchlie House Hotel in Dunfermline, Scotland, has been sold off-market to a private buyer. The 53-room hotel, known for its family-friendly atmosphere, was privately owned for many decades. The sale underscores the continued interest in regional hospitality properties, especially in tourist-friendly areas like Scotland. Read more.

⛳ The Growing Golf Revenue

Though golf’s popularity declined in the 2000s, it has picked up considerably after the pandemic. CBRE analyzed the growth of the golf industry from 2019 to 2023 and found that the occupancy rate in 2023 was 63.7% which generated a revenue of $6.9 million. Read more.

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