Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.
- CoralTree adds Utah hotels to the portfolio
- A Guide to Hotel Dynamic Pricing
- Branded residences boost for Minor Hotels
- HSMAI innovates with AI in hospitality
- 250 bungalows now in the IHCL portfolio
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Enjoy the read!
CoralTree welcomes two Utah Properties
CoralTree Hospitality announced the addition of Black Desert Resort and Red Mountain Resort in southwest Utah to its management portfolio. The two properties, owned by Utah-based Reef Capital Partners, are located in Greater Zion, which has access to more than 2,400 square miles and inspiration, including Zion National Park.
A Guide to Hotel Dynamic Pricing
The hotel industry continuously evolves, and hotel dynamic pricing is at the forefront of this transformation. It’s a clever strategy that allows hoteliers to optimise revenue in an increasingly competitive marketplace. But what exactly is dynamic pricing? Let’s break it down in a way that’s easy to digest. Dynamic pricing is a flexible pricing strategy where the price of a hotel room can fluctuate based on various factors.
Middle East expansion by Minor Hotels
Minor Hotels, an international hotel owner, operator and investor with more than 560 hotels in 57 countries, is breaking new ground in the Middle East with a collection of luxurious branded residences. As one of the pioneering forces behind the branded residences concept, Minor Hotels introduced this model in Thailand in the late ‘90s and expanded this luxury offering internationally.
HSMAI innovates with AI in hospitality
Europe’s hospitality leaders explore AI’s transformative potential at HSMAI Think Tank, addressing innovation, challenges, and opportunities for the industry. During a recent session of the “AI in Hospitality” Think Tank, organized by HSMAI Europe and moderated by Josje van Dongen, industry leaders explored the transformative role of artificial intelligence (AI) in reshaping the hospitality sector.
IHCL brand expands to 250 bungalows
Deepika Rao, Executive Vice President of New Businesses and Hotel Openings, IHCL, said, “Reflective of the growing demand for experiential leisure, ama Stays & Trails has witnessed a 10X growth in its portfolio since its launch in 2019. More than 40% of our footprint resides in Maharashtra, Goa and Kerala, capturing the high demand from the urban cities for drivable leisure destinations in these states.
That’s all folks!