Choice Hotels ahead of schedule on Radisson integration, The Lux Collective signs its first HMA East Africa and more...

Choice Hotels ahead of schedule on Radisson integration
Friday, 7th July 2023

A year after its acquisition of Radisson Hotel Group Americas, Choice Hotels International is set to complete the integration of nearly 600 Radisson-branded hotels into its reservation system and loyalty program.

The company has already made several significant strides since acquiring the brand. Notably, it has boosted the revenue of Radisson properties and is projecting cost savings for 2023 and 2024 that surpass initial estimates >>

The Lux Collective signs its first HMA East Africa
7 Jul 2023 : Hospitality group The Lux Collective and ZK Venture Company in Zanzibar have signed a hotel management agreement for the first LUX* luxury resort in East Africa >>

CDL acquires the Nine Tree Premier Hotel Myeongdong II in Seoul
7 Jul 2023 : The move represents the Group’s second hotel acquisition in 2023, following Sofitel Brisbane Central in Australia and the 408-room freehold upscale hotel is located in Myeongdong, Seoul’s popular tourist hotspot and business hub >>

Hotel Indigo makes brand debut in Romania
7 Jul 2023 : IHG announces the signing of Hotel Indigo Satu Mare, a brand debut in Romania, this latest signing delivers the lifestyle brand’s market debut in the Balkan nation and strengthens the brand’s presence in Eastern Europe >>

HIGHLIGHT ARTICLE

Hospitality Sector Key To The Delivery of 'S' in ESG
Friday, 7th July 2023

Businesses in the hospitality sector have an opportunity to lead the environmental, social and governance (ESG) agenda and deliver prominently on social values, enabling positive change for their people, customers, and the wider community.

The report provides an overview of the key social issues in the hospitality sector and seeks to advise businesses on how to maximise relationships with their workforce, customers, the supply chain and the wider community in order to make a tangible and long-lasting social impact >>

As Occupancy Stalls, Parking Drives Hotel Revenue Growth
CBRE is forecasting that total hotel revenue for the average US hotel returned to pre-COVID levels in 2022, despite the fact that the average occupancy for US hotels is not expected to exceed 2019 levels until 2026 >>

In case you've missed it: Global eNewsletter of July 06, 2023
Tourism recovery in Asia Pacific - July 2023, innovation is a double act and more >>