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U.S. Hotel Results for Week Ending 3 August
CoStar Group | August 8, 2024
WASHINGTON – 8 August 2024 – The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data through 3 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 28 July through 3 August 2024 (percentage change from comparable week in 2023): Occupancy: 69.4% (+0.8%) Average daily rate (ADR): US$159.63 (+0.6%) Revenue per available room (RevPAR): US$110.84 (+1.3%) Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+28.1% to 75.8%) and RevPAR (+45.7% to US$93.88
MHG Hotels Acquires Homewood Suites Bloomington, IN
MHG Hotels | August 8, 2024
Bloomington, IN – August 8, 2024 – MHG Hotels is proud to announce the acquisition of the Homewood Suites Bloomington, located at 1399 Liberty Drive, Bloomington, IN. This well-regarded property is ideally positioned near Indiana University, providing easy access to the campus, sports events, and cultural attractions. Sanjay Patel, President and CEO of MHG Hotels, commented, "This acquisition reinforces our commitment to expanding our footprint in key markets. We are excited about the opportunities this property presents in Bloomington, especially given our strong presence in the area with existing hotel, apartment community, and anothe
Summer Trip Length and Spending Both on the Rise in 2024
Allianz Partners | August 8, 2024
Average Trip Length Expected to Grow to 4.6 Nights as the Amount Spent on 3-Night Trips Nearly Doubles Over Two Years RICHMOND, Va., Aug. 8, 2024 -- Americans are planning to take longer stretches of time off this summer, according to Allianz Partners USA's 16th Annual Vacation Confidence Index. New research indicates that travel remains a strong priority based on an increase in both average trip length and average spend on room nights, with staggering splurge statistics reported for three-night getaways. Travelers splurge on 3-night trips, nearly doubling their average spend over the last two years. As both trav
Choice Hotels International Reports Second Quarter 2024 Results
Choice Hotels International, Inc. | August 8, 2024
Raises Midpoint of Full-year 2024 EPS Guidance Global Rooms Pipeline up 22% and Openings up 20% Year-over-Year NORTH BETHESDA, Md., Aug. 8, 2024-- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its second quarter 2024 results. Highlights include: Total revenues reached $435.2 million for second quarter 2024, a quarterly record and a 2% increase compared to the same period of 2023. Net income increased 3% to $87.1 million for the second quarter of 2024, representing diluted earnings per share (EPS) of $1.80, a 9% increase compared to the same period of 2023. Sec
IHG Hotels & Resorts Welcomes Verno House Budapest to Vignette Collection
IHG Hotels & Resorts | August 8, 2024
IHG Hotels & Resorts is proud to welcome Verno House Budapest to Vignette Collection, part of its luxury and lifestyle portfolio – now the second largest in the world. A boutique retreat in the heart of the city, Verno House Budapest, Vignette Collection will this summer mark the Hungarian debut of IHG’s first collection brand, a fast-growing family of distinct hand-picked hotels each offering one-of-a-kind stays in destinations to remember. Vignette Collection properties are unique in their identity, yet united by the vision to offer a more authentic way to travel. Verno House Budapest, Vignette Collection presents an urban oas
Ennismore Signs First All-Inclusive SLS Resort in Mexico’s Playa Mujeres
Ennismore | August 8, 2024
SLS Playa Mujeres, located in the private beach destination north of Cancún, will be Ennismore’s first all-inclusive resort in the Americas. SLS Playa Mujeres Cancún will open on November 1st and introduce a new kind of all-inclusive to Mexico, offering guests an elevated and luxurious experience. Ennismore, the fastest-growing lifestyle and leisure hospitality company, is delighted to announce the signing of SLS Playa Mujeres Cancún, the SLS brand’s first step into the all-inclusive resort experience, opening on November 1st. This signing also marks the first all-inclusive destination for Ennismore in the Americas as part of Enn
The Kimpton Sawyer Hotel Appoints Sam Shafer as Executive Chef
The Kimpton Sawyer Hotel | August 8, 2024
SACRAMENTO, CALIF. (August 8, 2024) – The Kimpton Sawyer Hotel announces the appointment of Sam Shafer as Executive Chef of Revival at the Sawyer, the hotel’s rooftop restaurant and bar. Embodying casual cool luxury, Revival at the Sawyer features an airy, open floorplan and a beautifully landscaped pool deck, creating a vibrant atmosphere with natural textures and lively energy. With over 16 years of experience throughout the Golden State’s hospitality landscape, Shafer brings a wealth of expertise, creativity and passion to his new position. He will oversee Revival’s spirited menu focused on inventive New American dishes spanni
Waldorf Astoria Los Cabos Pedregal Appoints Erik Rivera as Director of Food and Beverage
Waldorf Astoria Hotels & Resorts is an award-winning portfolio of more than 30 iconic properties that creates a unique sense of place with a relentless commitment to sincerely elegant service, one-of-a-kind experiences and culinary mastery in landmark destinations around the world. Inspired by their timeless environments, Waldorf Astoria hotels deliver an effortless experience seamlessly, creating a true sense of place for guests through stunning architecture, Peacock Alley, refined art collections, Michelin-starred dining and elevated in-room amenities. In addition to the brand’s world-class hotel offerings, Waldorf Astoria boasts a global residential portfolio that provides the comfort of a private home combined with unsurpassed amenities and high-touch service. Waldorf Astoria is part of Hilton, a leading global hospitality company. Experience an unforgettable stay at Waldorf Astoria Hotels & Resorts by booking at waldorfastoria.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Waldorf Astoria Hotels & Resorts at stories.hilton.com/waldorfastoria, and follow the brand on Twitter and Instagram. | August 8, 2024
Rivera to Oversee all Culinary Outlets and Events at the Award-Winning Luxury Beach Resort LOS CABOS, MX (AUG 8, 2024) – Waldorf Astoria Los Cabos Pedregal is proud to announce the appointment of Erik Rivera as Director of Food and Beverage at the award-winning beachfront resort. Rivera brings a wealth of experience and passion for hospitality to this role, with a proven track record of success in the luxury hospitality and culinary industry. As Director of Food & Beverage, Rivera will oversee the day-to-day operations of the resort’s multiple culinary outlets including the award-winning cliff-side dining restaurant El Farallon, sig