Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction. Tuan Sing Holdings announced on Monday that the existing management agreement with Hyatt Hotels will be terminated on August 31, 2024, at which point the property will cease to operate as a hotel. #perthhotels #wahotels #hospitality
HM Magazine’s Post
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In light of Hyatt’s reported pursuit of Standard International, hospitality pros shared with me some key advantages of hotel brand acquisition — as well as the obstacles it poses. This deal, particularly, could help Hyatt Hotels Corporation expand in the #boutiquehotel space, which has seen significant growth of late, according to The Highland Group’s Boutique Hotel Report 2024, which I got a sneak peek at. More generally, hotel brand #acquisition can help expedite portfolio growth and build #loyalty. But there are some challenges that come along with acquiring an already established brand. Find out what you need to know about hotel brand acquisition in my latest for Hotel Dive. Thanks for your insights, Yariv Ben-Ari. https://lnkd.in/eFy_Vqjx
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Is it a good idea for the hotel owner and the hotel operator if the owner contracts with a separate F&B manger to run the F&B whilst at the same time the hotel operator manages the accommodation? What could possibly go wrong? It can work in the right circumstances and with the right parties but it’s complicated. Please read on… #hotelmanagement agreements #hotels #hotelmanagement #foodandbeverage
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As the world gradually returns to normalcy, top hotel groups are leading the charge with remarkable growth and innovation. Marriott International reigns as the largest hotel company worldwide, other contenders like Hilton, IHG, Wyndham, and Accor are close behind, each bringing unique strengths to the table. 🏨 Key Hotel Industry Statistics for 2024: Total number of hotel rooms: 18+ million globally Projected industry value: $540 billion Global hotels with 10+ rooms: 700,000+ Hotel rooms in construction pipeline: 3+ million Direct hotel employees globally: 25+ million Now, let's dive into the top five hotel chains and their impressive portfolios: 1. Marriott International: Leading with over 8,700 properties in 139 countries, Marriott boasts a diverse portfolio spanning luxury to economy, including flagship brands like Ritz-Carlton and W Hotels. 2. Hilton: With 7,000+ properties across 122 countries, Hilton offers exceptional experiences under brands like Waldorf Astoria and Hampton by Hilton. 3. IHG Hotels & Resorts: Operating 6,000+ properties in 100+ countries, IHG's portfolio includes renowned brands like InterContinental Hotels & Resorts and Holiday Inn Express. 4. Wyndham Hotels & Resorts: Renowned as the world's largest hotel franchisor, Wyndham commands 9,000+ properties in 95 countries, with brands ranging from luxury to economy. 5. Accor: Europe's largest hospitality group, Accor operates 5,300+ properties in 110 countries, including iconic brands like Fairmont and Raffles. With their extensive reach, diverse portfolios, and unwavering commitment to excellence, these hotel groups are shaping the future of hospitality. Stay tuned for more exciting developments! ✨🏨 https://lnkd.in/gJvHkzen #HospitalityIndustry #HotelChains #ProckuredInsights #besthotels #worldhospitality #HospitalityIndia
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Pre-Opening Guidance Opening a hotel is easy. However.... opening a hotel successfully from day-one with a solid base for longterm profitablity and asset enhancement is a different story https://lnkd.in/g2drvy4f
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Certified Hotel Coach | Elevating Hotels with Innovative Strategies | Partnering with Zinzino for Performance-Driven Cutting-Edge Test-Based Nutrition | Driving Success, Well-Being & Recovery in Hospitality & Elite Sport
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Read the story: https://www.hotelmanagement.com.au/2024/07/02/end-of-an-era-hyatt-regency-perth-to-close-next-month-as-owner-eyes-new-hospitality-direction/