These days, New York State’s Illegal Hotels law is most often cited in conjunction with Airbnb. According to the 2010 law, New Yorkers cannot rent out entire apartments for under 30 days if the tenant on the lease is not present. High-turnover pseudo-hotels...
43 budget properties are expected to open by the end of 2018, with low-cost accommodation in the city predicted to increase by 29% over the next three years. The number of hotel rooms in London is expected to grow by 12% over the next three years according to new data...
Budget brand Euro Hostel has completed a multi-million pound investment across its estate in the year in which ‘poshtels’ were predicted to become one of the most dynamic sectors of the UK hotel market. Read the full story here. ...
Cox and Kings owned MEININGER Hotels signs an agreement for a MEININGER Hotel in Spain, which will be located on Gran Via in the south-west part of the city. The 186-room and 682-bed hotel is scheduled to open by the end of 2018. The proposed hotel is ideally located...
Airbnb’s operations had a negative impact of USD 2.1 billion on the lodging industry and the broader economy of New York City over the course of the last year, according to a report released by the Hotel Association of New York City, an industry trade group that...
Cox & Kings owned MEININGER Hotels will open a hotel in Budapest located in the immediate vicinity of the city centre on Csarnok tér, next to the Great Market Hall. The 184-room and 751-bed hotel is scheduled to open in spring 2018. The hotel, which will be newly...
