Black Swan Holdings LLC, has acquired the Lyric brand to complement the real estate strategy of its asset manager, Black Swan Asset Management LLC, which launched earlier this year and raises capital to acquire Class A multifamily properties throughout North America. The acquisition includes domestic and international trademark rights, a comprehensive brand package, operational and performance data, and the lyric.com domain.…
BEONx highlights the growing importance of sustainability in the hospitality industry
As the global hospitality industry continues to evolve, sustainability is emerging as a key factor that not only aligns with consumer values but also significantly affects a hotel’s online reputation and financial success. BEONx, a leading provider of advanced revenue management technology, recognises the growing significance of sustainability in the hospitality industry and its impact…
Tao group hospitality expands presence in London
Tao Group Hospitality has announced a partnership for a first-of-its-kind concept in London with new independent luxury hotel The BoTree. Tao Group Hospitality will oversee all of the food and beverage outlets in the 199-room luxury hotel, including LAVO Ristorante, which will make its London debut when The BoTree opens this summer at the intersection of…
IRIS announces hospitality partnership with FreedomPay
IRIS has announced a strategic partnership with FreedomPay, the global leader in Next Level Commerce technology that is powering the leading hospitality brands across the globe. Together FreedomPay and IRIS, a global leader in digital ordering for the hospitality industry, will transform the guest experience across the UK, Europe, United States and Canada as well…
Hospitality must “abandon dependence on RevPAR and occupancy metrics” to thrive
Beonprice – one of the world’s hotel revenue management providers – has set out on a mission to persuade the hospitality industry to “abandon the dependence on RevPAR and occupancy rates metrics” and adopt “total sustainable profitability” opportunities to thrive in a post-COVID world. To replace RevPAR and occupancy rates the hospitality industry should shift to…
5 benefits of cloud-based hospitality software
There are two main types of property management software: the archaic locally-installed PMS and the cloud-based hospitality software. Since its inception, it has been the aide-de-camp of property owners and property managers to simplify operations that usually take a lot of time and resources. Locally installed property management systems run on computers where the software is…
Asia Pacific hotels & hospitality market continues to grow
Investment in Asia Pacific Hotels Rises to USD 10.1 Billion YTD—17% Increase Y-O-Y. Confidence in Asia Pacific’s Hotels & Hospitality market continues to grow as borders reopen, investment appetite increases, and operating performance approaches pre-pandemic levels, according to the latest research from CBRE. The recovery is being largely driven by domestic travel demand, particularly in…
Hospitality businesses get boost from extended licensing hours over Platinum Jubilee weekend
Industry body, UKHospitality, has applauded the temporary change in licensing rules for England and Wales. The measures, for which UKH had campaigned strongly, will allow people to come together for longer in hospitality venues to celebrate the Platinum Jubilee in their community and aid the recovery of the beleaguered sector. Having missed out on two years…
Phuket hospitality legend Claude Sauter to lead art-inspired beachfront resort The Slate
The Slate, the whimsical, art-inspired beachfront resort on Phuket’s secluded northwest coast, has announced the appointment of Claude Sauter as its new general manager, bringing an unrivalled depth of local knowledge, industry acumen and leadership experience to this key role. A Swiss national, Claude is a life-long hospitality professional with proven track record. He has…
