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U.S. Hotel Results for Week Ending 17 August
CoStar Group | August 22, 2024
WASHINGTON – 22 August 2024 – The U.S. hotel industry reported mixed comparisons year over year, according to CoStar’s latest data through 17 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 11-17 August 2024 (percentage change from comparable week in 2023): Occupancy: 66.9% (-0.2%) Average daily rate (ADR): US$156.35 (+1.0%) Revenue per available room (RevPAR): US$104.54 (+0.9%) Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+34.3% to 75.3%), ADR (+14
Canada Hotels Record First Occupancy Decline in Three Months
CoStar Group | August 22, 2024
WASHINGTON – 22 August 2024 – After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. July 2024 (percentage change from 2023): Occupancy: 75.2% (-0.4%) Average daily rate (ADR): CAD236.12 (+1.1%) Revenue per available room (RevPAR): CAD177.62 (+0.7%) “Occupancy dipped marginally in July after a three-month growth run,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Can
Being Different or Being Better … It’s Your Choice
Shep Hyken | August 22, 2024
Do you want to be better or different? That’s the question that Sally Hogshead, an amazing professional speaker who specializes in being fascinating, shared in a recent speech I had the pleasure of experiencing. While most of her work is about how to be fascinating, this speech came from a different place. She talked about the power of being different versus better than others. Sally shared research that found 73% would rather be better versus 27% who would choose to be different. It’s one thing to be better than your competition. What makes you better? Is it your product? Is it the customer service or experience you pro
Marriott’s 600th Property in APEC Celebrates Flagship Brand With the Opening of Adelaide Marriott Hotel
Marriott International, Inc. | August 22, 2024
Marriott International, Inc. today announced the opening of its 600th property in the Asia Pacific excluding China region with the Adelaide Marriott Hotel. Paying homage to the company’s flagship brand, the opening marks the first Marriott International property in South Australia, underscoring the company’s focus on growing its presence in emerging destinations. With the 150-year-old landmark Adelaide General Post Office building as its façade, the Adelaide Marriott Hotel boasts a 14-storey tower with 285 guestrooms, including 12 suites with sweeping views of the city skyline. This opening aligns with the rising trend of domestic and
The Ritz-Carlton Maui, Kapalua Welcomes Jon Gersonde as General Manager
Ritz-Carlton Maui, Kapalua | August 22, 2024
KAPALUA, MAUI, HI (August 22, 2024) – Jon Gersonde, an esteemed luxury hospitality leader in the Hawaiian Islands, has been named General Manager at The Ritz-Carlton Maui, Kapalua. He brings three decades of distinguished experience and leadership expertise to this important role at one of Maui’s most iconic resorts. In his capacity as General Manager, Gersonde will oversee all aspects of the resort, focusing on delivering exceptional guest experiences and enlivening the service values of The Ritz-Carlton brand. His leadership skills and commitment to excellence are expected to elevate the luxury Maui resort’s reputation as a top trav
Le Méridien Fort Worth Downtown Set To Open in Former Hotel Texas Annex Building
Le Méridien Fort Worth Downtown | August 22, 2024
FORT WORTH, TX [AUGUST 22, 2024] - Fort Worth’s vibrant culture meets European elegance as Le Méridien Fort Worth Downtown opens its doors on Thursday, August 29, 2024. This 14-story boutique hotel, a partnership between Blueprint Hospitality and Remington Hospitality, brings Le Méridien’s distinctive European heritage to Fort Worth, joining the expansive Marriott Bonvoy portfolio and marking the brand’s first property in the destination. Located in the former Hotel Texas Annex building, Le Méridien Fort Worth Downtown boasts 188 guest rooms and suites featuring mid-century modern design, floor-to-ceiling windows, and scenic vi
Ascendant Capital Partners Reopens Monterey Beach Hotel Following a Complete Transformation
ASCENDANT CAPITAL PARTNERS | August 22, 2024
Guests are Welcomed to Experience its Dramatic Renovation, with Modern Design, Reinvented Dining at The Lantern Room, Lobby Lounge, and Tidewater’s Oceanfront Decks, and Authentic Experiences Reflective of the Community Monterey, Calif. (August 21, 2024) – Ascendant Capital Partners, a leading real estate investment and operating company, in partnership with global hotel management firm Highgate and global investment manager Centerbridge Partners, proudly announces the highly anticipated debut of Monterey Beach Hotel, a Marriott Tribute Portfolio hotel. Built in 1967, the hotel re-opens today under its original name after a signi
Unveiling the Inaugural NEWH Structures of Hospitality Excellence (SOHE) Award
NEWH, Inc. | August 22, 2024
NEWH To Celebrate Achievements in Hospitality Construction, Coinciding with Two Scholarships Shawano, WI — August 21, 2024 — NEWH, Inc. is proud to announce the launch of the inaugural Structures of Hospitality Excellence (SOHE) Award. Continuing NEWH, Inc.’s commitment to recognizing excellence in the hospitality industry, the award will honor construction companies for their exceptional methods, processes, and team management. Nominations for the program are due November 22, 2024, and the awards ceremony will take place during the ALIS DESIGN+ Event at the JW Marriott in Los Angeles in January 31, 2025. Honorees will be selected