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HFTP Debuts CYBER HITEC to Large Virtual Crowd
Hospitality Financial and Technology Professionals | November 2, 2020
Hospitality Financial and Technology Professionals (HFTP®) has just wrapped up the first week of its premiere virtual event CYBER HITEC®, with the first-three days featuring live interaction. The event hosted over 1,840 registered participants engaging in hospitality technology-focused education sessions, 18 virtual exhibit halls and multiple networking opportunities. CYBER HITEC was a virtual adaptation of the 48-year hospitality technology convention and trade show HITEC® (Hospitality Industry Technology Exposition and Tradeshow), which traditionally is an in-person event. Also enveloped within the programming was the HFTP Annual Convent
Bad vs Horrible – Depends on How Performance Is Measured
Allison Fogarty | November 2, 2020
The importance of considering Total Rooms Inventory (TRI) in measuring Lodging Industry performance. By Allison Fogarty Through the pandemic, hotel Occupancy rates have hit historic lows throughout the country. We have constantly been asked “how bad is it?” Reports early in the pandemic, while awful, seemed to actually understate the catastrophic effect of the pandemic on the hospitality industry. We studied figures provided by STR and other industry analysts and questioned their representatives to fully understand reporting methodologies in an effort to truly understand the current situation in the lodging industry. Unfortunat
Radisson Hotel Group Opens Park Inn by Radisson in Riyadh in the Kingdom of Saudi Arabia
Park Inn by Radisson | November 2, 2020
Brussels/Riyadh - November 2, 2020 - Radisson Hotel Group is proud to announce the opening of its first Park Inn by Radisson in Riyadh, the Kingdom of Saudi Arabia’s capital city. The opening of the hotel strengthens the brand’s presence in Saudi Arabia to nine hotels, and brings the group’s portfolio across the country to over 45 hotels, resorts and serviced apartments in operation and under development, accelerating Radisson Hotel Group’s expansion. Riyadh is the largest city and capital of the Kingdom of Saudi Arabia, with a flourishing financial business hub and a vibrant social scene. This modern, cutting-edge metropolis bold
IHG Signs With OSK Holdings Berhad for Conversion of Swiss Inn Johor Bahru to Holiday Inn Express & Suites Johor Bahru
IHG | November 2, 2020
InterContinental Hotels Group today announces the signing of a management agreement with OSK Holdings Berhad to convert Swiss Inn Johor Bahru to Holiday Inn Express & Suites Johor Bahru at the beginning of 2021. The 203-room hotel supports the growth of the Holiday Inn Express footprint in Malaysia. The brand is the first choice for the increasing number of travellers seeking a simple and engaging place to rest, recharge and get a little work done, too. With smart, savvy travel in the brand’s DNA, Holiday Inn Express & Suites Johor Bahru offers everything a guest needs, including a gym, self-service laundry, flexible mee
Pebblebrook Hotel Trust Reports Third Quarter 2020 Results
Pebblebrook Hotel Trust | November 2, 2020
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE:PEB): REOPENING OF HOTELS AND RESORTS 39 hotels and resorts currently open, which is approximately three-fourths of the Company’s portfolio; these 39 properties accounted for 76% of Pebblebrook’s 2019 Hotel EBITDA Demand in the third quarter continued to increase from the second quarter’s all-time low, with healthy leisure business throughout the quarter and a modest post-Labor Day improvement in business travel In October, the Company reopened Hotel Vintage Portland, Hotel Zena Washington DC, The Heathman in Portland, and Hotel Vintage Seattle AVERAGE MONTHLY CASH
Marriott International Names Satya Anand President of Europe, Middle East and Africa
Marriott International | November 2, 2020
Marriott International, Inc. (NASDAQ: MAR) announced today that Satya Anand has been appointed President of Europe, Middle East and Africa (EMEA), a division within Marriott International that encompasses over 75 countries and territories. Anand was most recently the company’s Chief Operations Officer, Luxury & Southern Europe and Global Design for EMEA. He will replace Liam Brown, who has been appointed Group President, U.S. & Canada for Marriott. “I am delighted that Satya has taken on this role to lead our business across Europe, Middle East and Africa at such a fundamental time for the hospitality industry,” said Craig S.
Marriott Signs With Asset World Corporation to Bring Four Hotels to Thailand
Marriott International | November 2, 2020
Marriott International, Inc. (NASDAQ: MAR) today announced it has signed a milestone agreement with Asset World Corp Plc. (SET: AWC) to add four new landmark properties under three world-class brands across Bangkok and Pattaya, Thailand. The multi-property agreement features a Ritz-Carlton Reserve, Thailand’s first JW Marriott Marquis hotel in Bangkok and two Autograph Collection hotels, set to debut the Autograph Collection brand in the country. “We are pleased to strengthen our longstanding relationship with Asset World Corporation in this landmark signing,” said Craig S. Smith, Group President, Asia Pacific, Marriott International
Tourism Tidbits: Thinking About Our Security Needs Once We Have Gone Beyond Covid-19
Peter Tarlow | November 2, 2020
By Dr. Peter Tarlow In today’s very politically and economically unstable world the tourism and hospitality industries have no choice but to be sensitive to the needs of security and safety (S&S), and to emphasize public health requirements. Despite this needed emphasis on Covid-19 and the universal pandemic, other classical issues of tourism security and safety still exist and should not be ignored. Security and safety professionals continuously reexamine these issues and are constantly seeking new ways to assure that the public is safe during its travel experience. Each security incident makes the travel industry’s many com