Trending Stories

CATEGORY NAME

U.S. Hotel Occupancy Falls Below 50% Mark

STR | October 30, 2020

HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy fell back below the 50% mark, according to the latest data from STR through 24 October. 18-24 October 2020 (percentage change from comparable week in 2019): Occupancy: 48.0% (-31.7%) Average daily rate (ADR): US$95.49 (-29.4%) Revenue per available room (RevPAR): US$45.83 (-51.8%) Aggregate data for the Top 25 Markets showed lower occupancy (43.2%) but higher ADR (US$99.81) than all other markets. Four of those major markets reached or surpassed 50% occupancy: Norfolk/Virginia Beach, Virginia (54.1%); Tampa/St. Petersburg, Florida (53.8%); Phoenix, ArizonaÂ

EOS Investors Acquires Faro Blanco Resort & Yacht Club

EOS | October 30, 2020

NEW YORK, Oct. 30, 2020 -- EOS Investors LLC ("EOS"), a privately held real estate investment firm, today announced its acquisition of the Faro Blanco Resort & Yacht Club ("Faro Blanco"), a 125-room, 16-acre waterfront resort and marina in the Florida Keys, one of the highest barrier-to-entry, destination resort markets in the United States. "We are grateful for the opportunity to add a high-quality, waterfront asset to the EOS portfolio, bringing our collection of drive-to-resorts to 15 properties," said Tom Burns, Vice President of EOS Investors. "The Upper Florida Keys have been one of the strongest performing hotel markets in the U

Radisson Blu Mumbai International Airport Debuts in Mumbai

Radisson Hotel Group | October 30, 2020

Mumbai, India - October 30, 2020 - Radisson Blu Mumbai International Airport opened its doors to the iconic city of Mumbai today. The 206-room hotel is the latest addition to the growing portfolio of Radisson Blu brand in India. The contemporary upper-upscale brand that delivers personalized service and stylish living spaces is present in 36 locations including all major metros and gateway centers across India. Strategically located within two kilometers from Chhatrapati Shivaji Maharaj International Airport – one of the busiest airports in the county, the hotel is strongly positioned to be the first choice among business and leisure trave

174M Travel & Tourism Jobs Could Be Lost Due to COVID-19 and Travel Restrictions, Says WTTC

WTTC | October 30, 2020

Research reveals small yet positive job gains, driven by the return of domestic travel in a number of markets Already in present circumstances, 143m jobs will be impacted Worst forecast can be avoided if an immediate coordinated response is implemented London, UK: New figures from the World Travel & Tourism Council (WTTC) reveal that despite a slight improvement since June, a staggering 174m Travel & Tourism jobs could be lost in 2020 if barriers to global travel remain in place. The new figure comes from WTTC’s latest economic data, which looks at the punishing impact of COVID-19, as well as local and global travel restricti

Mark Namdar Named as General Manager and Erich Hosbach Named as Director of Sales and Marketing for the AC Hotel Washington, DC Convention Center

October 30, 2020

As Complex General Manager, Mark Namdar is responsible for overseeing and executing day-to-day operations for the new AC Hotel Washington DC Convention Center, which opened Fall 2020 by TPG Hotels & Resorts and DC-based Douglas Development. In tandem with operating the AC Washington DC Convention Center, Namdar also serves as “Captain†where he oversees programming, operations and events at the Moxy Downtown DC, one of the city’s most talked about boutique hotels. Namdar currently leads multiple teams of executives and team members at the two DC properties.  With nearly three decades of hospitality experience, Namdar began his

Arbor Lodging Management Adds Marriott Chicago Northwest to Portfolio

Arbor Lodging | October 30, 2020

CHICAGO ­(October 30th 2020) – Chicago-based hotel management company, Arbor Lodging Management, today announced it has added the Marriott Chicago Northwest in Hoffman Estates, Illinois to its growing portfolio of third-party managed hotels. This addition brings Arbor Lodging Management’s portfolio total to 35 hotels now spanning across 15 states in 22 markets, showcasing the company’s ability to grow and gain trusted third-party management business amidst a challenging period for the hospitality industry. Arbor Lodging Management will manage all operations at the 294-room Marriott Chicago Northwest, expanding the company’s service t

Marriott International Update on Conclusion of UK ICO Investigation Into Starwood Database Security Incident

Marriott International | October 30, 2020

Marriott International, Inc. (NASDAQ: MAR) (“Marriottâ€) acknowledges the decision issued today by the UK Information Commissioner’s Office (the “ICOâ€), which brings an end to the UK and EU regulatory investigation of the Starwood reservations database incident reported by Marriott in November 2018. The decision includes a fine of £18.4 million. Marriott does not intend to appeal the decision, but makes no admission of liability in relation to the decision or the underlying allegations. As the ICO acknowledges, Marriott cooperated fully throughout the investigation. Marriott deeply regrets the incident. Marriott remains commit

Hyatt Signs With First Hotel Reisen AB for Hotell Reisen Sweden

The Unbound Collection by Hyatt | October 30, 2020

Located in Stockholm, the hotel will join The Unbound Collection by Hyatt brand, continuing to fuel Hyatt’s brand growth in Europe CHICAGO (October 30, 2020) – Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise agreement with First Hotel Reisen AB to open the first Hyatt property in Sweden. Hotell Reisen is currently undergoing extensive refurbishment and will be available on Hyatt's booking system on an unbranded basis as of December 1, 2020 with plans to join The Unbound Collection by Hyatt brand in early 2021. In the Nordics, the hotel will join the planned Grand Hansa Hotel in H







    LATEST VIDEOS:

    For more Videos (Click here)