News Archive: April
World’s Top 50 Hotel Brands by Value: Inaugural Report by Brand Finance
Brand Finance | April 26, 2016
World's top 50 hotel brands valued for the first time Data shows Hilton is the most valuable individual brand Marriott-Starwood merger will create world's most valuable hotel brand portfolio For now, Hilton Worldwide remains the most valuable group Every year, leading brand valuation and strategy consultancy Brand Finance scrutinises thousands of the world's top brands. They are evaluated and ranked to determine which are the most powerful and valuable and grouped into league tables by country and industry. The top 50 hotel brands by value comprise the inaugural Brand Finance Hotels 50. Hilton is by far the most valuable brand, wi...
Economic Factors that Influence Tourism in Africa
Josephine Wawira | April 29, 2016
By Josephine Wawira According to ADB's Africa Tourism Monitor 2015, global tourism has continued to grow prodigiously to 1.133 billion arrivals in 2014 – a 4.3% increase over 2013. The report further indicates that Africa saw 65.3 million arrivals, representing 5.8% of total international arrivals in 2014. With US$ 43.6 billion in receipts, Africa holds 3.5% of this market share. Tourism development is not only viewed as a key pillar for African development, but also as a major reflection of economic activities that directly or indirectly stimulate its growth. With vital contributors that influence tourism in Africa (both posi...
Royalton Luxury Resorts Introduces Four New All-Inclusive Resorts in Jamaica and Saint Lucia Opening Winter 2017
Royalton Luxury Resorts | April 28, 2016
TORONTO, ON, April 28, 2016 — Royalton Luxury Resorts is proud to announce four brand new modern and luxurious all-inclusive resorts in two of the Caribbean's most sought-after vacation destinations. Royalton Luxury Resorts for discerning travelers of all ages and Hideaway at Royalton, an adults-only oasis within a resort, will open on the world-famous Seven Mile Beach in Negril, Jamaica and in a private cove on the coast of Cap Cana, Saint Lucia, as of February 1, 2017. This award-winning hotel brand began welcoming guests of all ages to discover signature All-in Luxury® amenities and extras only a few years ago. In this time...
Global Hotel Ranking – Top 10: What Does the Future Hold After the Marriott-Starwood Merger
April 14, 2016
An analysis by MKG Group and presented by HospitalityOn The acquisition of American group Starwood Hotels & Resorts by Marriott International should be finalized after their respective shareholder meetings: the operation is another addition to the list of M&As recently undertaken by leading hospitality groups, such as AccorHotels and Jin Jiang. What consequences will these mergers have on the Top 10 hotel groups for 2016, on both a global and European scale? 2016 Top 10 hotel groups worldwide, before and post-M&A Prior to this operation, worldwide rankings had already changed from 2015. Previously ranked first, British opera...
Oliver Beckert Appointed Executive Chef for the Trump International Hotel, Washington, D.C., Opening September 2016
Trump Hotels | April 7, 2016
WASHINGTON, D.C., (April 7, 2016) – Trump International Hotel, Washington, D.C., scheduled to open in September 2016, recently announced hospitality veteran and distinguished culinary artist, Oliver Beckert as Executive Chef. In his new role, Chef Beckert is responsible for overseeing food and beverage operations at the former Old Post Office turned luxury hotel, including in-room dining for 263 guestrooms, along with banquets and catering in over 38,000 square feet of meetings and events space. In his 27 year career, Beckert has worked with many luxury hotels including opening four high-profile projects in top destinations around...
How Hotels Can Compete for Revenue Against the Growing Threat of Airbnb?
Dr. Gabor Forgacs | April 14, 2016
Gabor Forgacs and Frederic Dimanche The Airbnb business model is driven by solid economic fundamentals but hotels can offer value as well Airbnb successfully delivers relevant and quantifiable advantages in saving time, defeating distance and generally finding a way to offer a solution for a "pain point" be it constrained travel budget or a preference for a given location. Airbnb also offers the perception of control for users, and a perceived authentic experience with locals. Airbnb is a disruptor that is able to impact the hospitality and tourism sector in a significant way. Its underlying economic drivers are powerful in a down econ...
Views of Augusta: Opened in 1889, the Bon Air Hotel Once Drew Wealthy Golf Tourists
April 8, 2016
April 08--EDITOR'S NOTE -- Even before the Masters, Augusta attracted visitors. Vintage postcards shared the sites they saw. The Bon Air, once Augusta's premier hotel, was long a symbol of tourism, hospitality and golf. The original hotel, with its hilltop view of downtown, opened in 1889 and was soon the place to stay for wealthy Northerners seeking moderate temperatures and golfing recreation. The hotel's golf course would eventually become the Augusta Country Club. "It was the unofficial home of the Masters in the early years," said Stan Byrdy, author of Augusta and Aiken in Golf's Golden Age. "Everyone...
The Best New Hotels in the World: Condé Nast Travelers Hot List 2016
April 21, 2016
For this 20th edition of the Hot List—our picks of the year's top hotel openings—editors and reporters crisscrossed six continents and 36 countries to review hundreds of new properties firsthand. We came back with 60 outstanding winners that represent not just the vanguard of the hotel world but where travelers are headed next—and why. Our editors vetted hundreds of recently opened hotels and resorts, from West Africa to Miami, and found that what stands out are the properties that combine old-school extravagance and service with just the right measure of modernity. Click thru to view the 60 best new hotels in the worl...
