Luxury Hotels
Category: Luxury Hotels
Luxury Hotels
Sheraton plans to build a luxury five-star resort in Queensland’s Hervey Bay
By Ashley Nickel For Daily Mail Australia Published: 04:17 GMT, 14 March 2024 | Updated: 05:29 GMT, 14 March 2024 Hotel giant Sheraton has announced plans to build ‘the largest and most luxurious new hotel between Brisbane and Cairns’. The planned 223-room, five-star resort will be located on the waterfront at Hervey Bay, about 300km north of Brisbane, in preference to more popular and established tourist destinations such as the Gold Coast, Sunshine Coast or Cairns. Through Sheraton’s parent company, Marriott International, it signed a memorandum of understanding with developer Sunny Beach Land confirming plans to build the luxury getaway,… Read More
Luxury Hotels
LTI Unveils the World’s Best Luxury Hotels of 2023
Raffles at The OWO was one of the blockbuster openings of 2023 / ©Raffles It’s been a stellar year for high-end travel, with some incredible new properties cropping up across the globe. Now, as we inch ever closer to the end of 2023, Luxury Travel Intelligence (LTI) has released its pick of the best luxury hotel openings of the year. From eco-conscious beach retreats to historic manor houses, the members-only digital resource has compiled a list of its 15 favorite properties. Two of the coveted spots have been awarded to London destinations; The Peninsula and Raffles at The OWO are… Read More
Luxury Hotels
Luxury Hotels in Bangladesh Revenue 2022-23 | Luxury hotels log higher revenue: half of it comes from food, beverage
Food and beverages are major sources of revenue for most of the luxury hotels in Bangladesh compared to their earnings from renting out rooms as operators have stepped up efforts to drive sales. In contrast, hotels located in the areas near the Hazrat Shahjalal International Airport are logging higher revenues from rooms while they struggle to generate earnings from dining and attract corporates to hold events. For all the latest news, follow The Daily Star’s Google News channel. Food and beverage sales accounted for 49 percent of the revenues generated by the six luxury hotels that published financial reports for… Read More
Luxury Hotels
Rocco Forte sells 49% of luxury hotel chain to Saudi Arabia | Hospitality industry
Sir Rocco Forte has agreed to sell 49% of his family’s luxury hotel chain to Saudi Arabia’s sovereign wealth fund. Rocco Forte Hotels, which owns 14 upmarket hotels including Brown’s in London and the Balmoral in Edinburgh, announced on Monday that it had agreed to sell almost half of the company to Saudi Arabia’s Public Investment Fund in a deal that values the hotel group at about £ 1.2bn. Forte, who founded the hotel group with his sister Olga Polizzi in 1996, said PIF would be an “excellent partner” and help the company expand specifically in the Middle East. Rocco… Read More
Luxury Hotels
US News & World Report Releases 2024 Best Hotels Lists
US News & World Report has released its 14th annual ranking of the best hotels around the world. The rankings include more than 37,000 hotels across more than 400 destinations. For the second year in a row, Acqualina Resort & Residences in Sunny Isles Beach, Fla. takes the number one spot in the USA rankings. Another Fla. hotel – the Four Season Hotel at The Surf Side Club – took the number two spots, while two Chicago hotels took spots three and four: The Langham (3) and The Peninsula Chicago (4). In Europe, the number one spot went to Badrutt’s… Read More
Luxury Hotels
5 luxury hotels to open in Taiwan in 2024 | Taiwan News
TAIPEI (Taiwan News) — Taiwan’s travel industry expects inbound tourism to recover, providing impetus for five new luxury hotels to open in the first half of 2024. Each luxury hotel is either owned by a domestic construction company, an international hotel chain, or overseas business groups eager to enter the Taiwan market. The five hotels expected to open soon are the Sotetsu Grand Fresa Taipei Ximen, voco Chiayi, Wen Wan Resort, InterContinental Taichung, and Episode Daan Taipei, per UDN. Among the new hotels, the largest is Voco Chiayi, with 370 rooms. Meanwhile, the hotel with the… Read More
Luxury Hotels