Market Trends

IHG Hotels & Resorts (IHG) marks an extraordinary milestone with its 50th anniversary in Greater China. From opening its first property in 1975 to operating 800 hotels today, IHG has played a pivotal role in driving industry growth, enhancing guest experiences, and supporting the region’s economic development. Looking to the future, IHG reaffirms its unwavering commitment to Greater China by leveraging global expertise and local insights to create enriching and rewarding experiences.

Under the leadership of founder and CEO Michael Struck, Ruby continues its expansion across Europe by introducing its first Hungarian property. This mixed-use conversion will feature a Ruby Hotel with 181 stylish rooms, alongside retail and gastronomic outlets, as well as a food and cultural market. The new hotel will be spread across four floors of the building. Public areas, including a bar and lounge, will be located on the 5th floor in the building’s impressive attic, which features over six-meter-high ceilings and offers stunning views of Budapest’s skyline and the iconic ’Lady on the Hill’ statue.

During the pandemic, residential and commercial property prices in the central business districts (CBDs) of large metropolitan areas (MSAs) declined while prices generally increased in suburban areas. Many businesses located in CBDs that were dependent on residents, commuters, and tourists either ceased operations or relocated to the suburbs, often within the same MSA.

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This article was written by Lodging Magazine. Click here to read the original article Photo Credit: The Ingalls DENVER, Colorado—Denver Union Station and The Crawford Hotel recently completed a refresh,…

This article was written by Lodging Magazine. Click here to read the original article DENVER, Colorado—CoralTree Hospitality announced the addition of Black Desert Resort and Red Mountain Resort in southwest…

This article was written by Lodging Magazine. Click here to read the original article WASHINGTON—The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through Jan. 11,…

This article was written by HospitalityOn. Click here to read the original article London is a prominent international destination known for its wide range of events and attractions. From business…