⚡ Marriott Intensifies Expansion

⚡️ Top Hotel News

🇫🇷 Marriott Intensifies Expansion Drive in France, Eyes 10 New Properties by 2025

⚡ Marriott International, the renowned hospitality giant, has unveiled ambitious plans to bolster its presence in France over the next couple of years. By the end of 2025, the company anticipates adding 10 new properties, encompassing over 1,000 rooms, to its existing portfolio of 69 hotels and 12,000 rooms across 16 brands in 29 cities within the country.

🌵 Omni Hotels & Resorts Unveils "The Ultimate Arizona Escape"

⚡ Omni Hotels & Resorts has launched "The Ultimate Arizona Getaway," a $25,000 four-night experience featuring stays at Omni Scottsdale Resort & Spa at Montelucia and Omni Tucson National Resort, offering exclusive Flamenco dancing lessons, personalized golf instructions, bespoke spa treatments, and intimate culinary adventures.

📈 Increase in Major Hotel Transactions Begins to Accelerate

⚡ Major hotel transactions have been rare in recent years due to global inflation and higher interest rates, with a bid-ask gap stalling deals and the anticipated wave of distressed hotels not materializing. However, transaction activity is beginning to increase, with the hospitality industry expecting more deals as investors and owners adjust to the economic environment and central banks aim to cut rates.

🛎️ IHG Hotels & Resorts and NOVUM Hospitality Debut First Holiday Inn – the niu Hotel in Germany

⚡ IHG Hotels & Resorts has opened Holiday Inn - the niu Cure in Erlangen, Germany, the first collaboration between Holiday Inn and the niu. This partnership combines local design with Holiday Inn's global reputation, offering great value and memorable hospitality. Guests can earn and redeem points through IHG One Rewards.

🏨 Fattal Hotel Group Purchases Zien Group's 12-Hotel Collection in The Netherlands

⚡ Israeli hotel firm Fattal Hotel Group has agreed to acquire the 12-hotel portfolio of Dutch brand Zien Group from KSL Capital Partners and Garden Capital Group, including 1,522 rooms in various Dutch cities such as Amsterdam, Rotterdam, The Hague, Eindhoven, Groningen, and Maastricht.

💸 Over 75% of Hotels Face Persistent Labor Shortages Despite Raising Wages

⚡ An industry survey by the American Hotel and Lodging Association revealed that despite record wage hikes, 76% of hotels faced staffing shortages in late May, particularly in housekeeping, up from 67% in January, highlighting a worsening workforce situation.

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