The ‘hotelification’ trend of providing greater amenities in other asset classes shows the importance of experiential offerings, says Stoneweg Group’s CEO.
The US has seen the most improvement, reaching a record 3.2 percent average revenue per available room growth last year.
The US has seen a wave of casino openings, with more in the pipeline, while several Asian locations build integrated resorts.
The growth of leisure travel is fueling the rebound of the global hospitality sector across all segments.
Hotel investors and customers are increasingly focused on social sustainability and community initiatives.
Blackstone recently sold the hotel, a project of casino developer Delbert Eugene Webb, for $725m.
Once more of a rarity in fundraising, rolling first closes are increasingly becoming a make-or-break factor for managers during a difficult capital-raising environment.
Inside: How hospitality is recovering from covid; Why social sustainability is a natural fit for hotels; Betting on casino resorts; Expert analysis from Arrow Global, Eurazeo and Rockbridge; Plus much more…
Inside: Why Canada’s largest pensions are revamping their private real estate platforms; The rise in rolling first closes; An ESG roundtable; Plus much more…
Taiwan-based insurance company backs a value-add fund.