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Wyndham Signs With Safari Group to Open First Two TRYP Hotels in New Zealand
TRYP by Wyndham | November 16, 2020
PARSIPPANY, N.J. (November 16, 2020) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 properties across 90 countries, today announced plans to introduce its TRYP® by Wyndham brand to New Zealand with the development of two new hotels: the 212-room TRYP by Wyndham Remarkables Park Queenstown and the 76-room TRYP by Wyndham Tory Street Wellington. Under development by Safari Group, Wyndham’s longstanding franchise partner in New Zealand, the design-centric hotels are the latest in a series of new projects for Wyndham’s growing lifestyle brand. In just the last year, TRYP by Wyndh
Islas Secas Appoints Andrey Gomez as Managing Director
November 16, 2020
November 2020 – Islas Secas, Panama is pleased to announce the appointment of Andrey Gomez as Managing Director. Andrey brings 25 years of experience in the hospitality industry to Islas Secas, where he previously managed two of Central America’s top-rated hotels. Andrey’s appointment at the resort is outstanding news for the team. As Managing Director, Andrey will apply his extensive knowledge of the luxury travel industry to the eponymous eco resort where he will oversee all day-to-day operations, including providing exceptional customer service, expanding sales and marketing initiatives and supervising staff development. Within th
Hospitality Financial Leadership: Chapter 13 – Serving
David Lund | November 16, 2020
By David Lund The chapter below is an excerpt from my new book. It’s fiction but some of the characters and story lines are based on people I have worked with and events that have taken place in the hotels I have worked in. The book is a fable about a hotel manager who has some very bad habits. He must change in order to survive and the book takes him and you through the lessons needed to be a great hospitality financial leader. I’m writing ahead each month so I’m not sure how the book will end. I hope you enjoy it and if you missed any earlier chapters you can find them on my website blog tab. “My Story is not a story,” e
A Message to the Travel, Lodging and Hospitality Industry That May Save Your Business – Part 2
Dr. Frederick DeMicco | November 16, 2020
By F.F. Miles and Frederick DeMicco Ph.D., Professor, the Franke College of Business, School of Hotel and Restaurant Management, Northern Arizona University With our extraordinary downturn in hospitality and travel, I sought out a corporate business traveler, a frequent flyer, road warrior extraordinaire and someone in our global travel industry who occupies the C-Suite. With travel starting to spring back to life, especially for leisure travelers, I thought it would be a good idea to interview a frequent traveler to learn what life is all about today when flying, staying in hotels and renting cars, etc. Below reflects my interview wi
Access Point Financial Secures $8.85 Million to Refinance the Grand Rapids’ Delta Hotel by Marriott
Access Point Financial | November 16, 2020
Recognized leader in hospitality-focused lending completes full loan funding for Grand Rapids’ Delta by Marriott airport hotel ATLANTA - November 16, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the Delta by Marriott in Grand Rapids, Michigan. As part of the deal, Access Point Financial secured $8.85 million for the Delta by Marriott Grand Rapids Airport property. Lodging Opportunity Fund REIT approached Access Point Financial to provide th
2020 U.S. Hotel Forecast Slightly Upgraded; Full Recovery Still Unlikely Until 2024
STR | November 13, 2020
With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference. Regardless of the short-term upgrade, the forecast for 2021 remains functionally unchanged and full recovery in revenue per available room (RevPAR) is unlikely until 2024. “Even with the encouraging vaccine news of this week, this pandemic and the subsequent economic impact will continue to limit hotel demand generators into the second half of next year,” said Amanda Hite, president of STR. “Business demand won’t return at a substantial
STR: Canada Hotel Results for Week Ending 7 November
STR | November 13, 2020
HENDERSONVILLE, Tennessee—STR data for 1-7 November 2020 showed slightly higher occupancy from the previous week for Canada’s hotel industry. 1-7 November 2020 (percentage change from comparable week in 2019): Occupancy: 29.4% (-54.3%) Average daily rate (ADR): CAD110.45 (-26.7%) Revenue per available room (RevPAR): CAD32.53 (-66.5%) Occupancy for previous weeks came in at 29.2% (31 October), 31.1% (24 October), and 29.9% (17 October), respectively. For the week ending with 7 November, Nova Scotia recorded the highest occupancy level (36.1%) among the provinces. Vancouver (31.9%) was the only major market at or abo
Cumberland House Knoxville, Tapestry Collection by Hilton Opens in Tennessee Following Renovation and Conversion
Peachtree Hospitality Management | November 13, 2020
KNOXVILLE, Tenn. - A new chapter begins in ‘The Maker City’ with the debut of Cumberland House Knoxville, Tapestry Collection by Hilton. After an extensive top-to-bottom and inside and out renovation and brand conversion, the hotel opens its doors today at 1109 White Avenue. The sleek and modern Knoxville hotel near UT is located in the heart of downtown Knoxville and is the latest addition to Tapestry Collection by Hilton, one of Hilton's 18 market-leading brands. The seven-story, 130-room hotel is walkable to the Knoxville Convention Center, University of Tennessee, World’s Fair Park and Market Square. “The Cumberland House p