Hotel & Resort

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Indian Startup Attracts $1 Billion

NEW DELHI — SoftBank Group Corp. is doubling down on one of its biggest bets in India by leading a $1 billion investment in hotel-booking startup OYO Hotels.
 The company, based in Gurgaon, India, has received $800 million in a round led by Soft- Bank's Vision Fund, which SoftBank Chief Executive Masayoshi Son is using to back cutting-edge technologies, OYO said Tuesday. U.S. venture-capital firms Sequoia Capital and Lightspeed Venture Partners also contributed to the round, and existing investors have pledged a

New York Hotels Roar Back

The New York City hotel market is bouncing back, as a growing U.S. economy and a wellspring of visitors have helped overcome years of construction that flooded the city with new hotels and pressured room rates.
 Hotels in the city are enjoying their highest occupancy rates since 2000 for the first eight months of the year, according to data provider STR. The market also has experienced the fastest growth in revenue per room since 2013.

F-Secure Hack Can Unlock Millions of Hotel Rooms With Handheld Device

It’s very rare these days that a hotel will give you a real key when you check in. Instead, most chain hotels and mid-sized establishments have switched over to electronic locks with a keycard system. As researchers from F-Secure have discovered, these electronic locks may not be very secure. Researchers from the company have managed to create a “master key” for a popular brand of hotel locks that can unlock any door.

Wait List Apps

Waiting in line is never fun. Especially not when you're hungry and trying to get a table at the latest dining hotspot. But today’s technology can make the process less painful for patrons and restaurateurs alike.

Retailers Want You to Stay With Them, Too

The hotel business is diversifying. More travelers are seeking homey surroundings at Airbnb and HomeAway and turning to boutique hotels for their non-cookie-cutter designs. (According to STR, a hotel research firm, domestic occupancy rates in boutique hotels rose to 75 percent in 2015 from 67 percent in 2010.) That is one reason some retailers and designers see an opening for their hotel concepts.