The hospitality industry is undergoing a transformative shift, driven by the merging of traditional hotel giants with stylish boutique brands that cater to today’s discerning traveler. Hyatt Hotels Corporation’s recent acquisition of Standard International is not merely a business transaction; it reflects a broader trend within the sector. Hyatt is not the only player seeking
Hotels
The latest data from the Hawaii Tourism Authority (HTA) reveals a nuanced picture of the state’s hotel industry for July 2024. While occupancy rates showed a modest increase, the overall financial performance struggled. The hotel occupancy rate climbed slightly to 78.4%, marking a 1.2% rise from the previous year. However, a deeper dive into the