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Zoox Smart Data Continues Rapid Global Expansion With New North America Headquarters
Zoox Smart Data | October 15, 2020
International demand growing for innovative technology solution that allows customers to easily build and harness Big Data customer profiles from existing Wi-Fi networks Alpharetta, Georgia, October 15, 2020 — Zoox Smart Data (“Zoox”) is pleased to announce the expansion of its global operations with the establishment of its North America headquarters in the Atlanta metropolitan area. This move is part of a strategic global growth initiative that will allow Zoox to more effectively address the international hospitality and travel market with its established solution that provides unmatched visibility into guest preferences and behavi
Hyatt and Genting Americas Announce Plans for Hyatt Regency JFK at Resorts World New York
Hyatt Hotels Corporation | October 14, 2020
CHICAGO (October 14, 2020) – Hyatt Hotels Corporation (NYSE: H) and Genting Americas announced today plans for a new hotel located at Resorts World Casino New York City (RWNYC). Hyatt Regency JFK at Resorts World New York is scheduled to open in the first quarter of 2021, and will be an eight-story 400-room four-star hotel with residential-inspired guestrooms and premium suites with energizing design and insightful in-room technology. The hotel will also include new restaurants, state-of-the-art conference and meeting spaces, retail options, and additional gaming areas. RWNYC is the only casino in New York City, offering over 6,000 slots a
All-New stayAPT Suites Hotel Brand Launches in U.S.
stayAPT Suites | October 14, 2020
MATTHEWS, N.C., Oct. 13, 2020 - New hotel brand stayAPT Suites is providing U.S. travelers with an unmatched hotel experience as the venture launches nationwide this fall beginning with their first location, which opened October 1 in Goldsboro, N.C. Guiding the stayAPT Suites experience is a design philosophy that abandons the traditional one-room hotel layout in favor of a residential-feeling suite with intentional spaces. Travelers visiting the Eastern region of the country will be among the first to utilize the game-changing layout marked by a dedicated living room, full kitchen, and separate bedroom. stayAPT Suites opens several new
Hospitality Asset Managers Association (HAMA) Release “Fall 2020 Industry Outlook Survey” Results
HAMA | October 14, 2020
BOSTON - The Hospitality Asset Managers Association (“HAMA”) today released the results of a wide-ranging survey of asset managers' thoughts, experiences and forecasts for the upcoming year as the hotel industry continues to deal with the on-going pandemic. With more than 100 participants, topics ranged from the impact of COVID-19 on RevPAR to which major brands were viewed as having most effectively addressed guest health and safety concerns. The survey also went into depth on the current and future financial status of participant hotels and made predictions on when the recovery will proceed. The survey was conducted in preparation f
Study Reveals Increasing Importance of OTA Travelers in Economic Recovery
Expedia Group | October 14, 2020
SEATTLE - A new Expedia Group study, in partnership with global research firm BVA BDRC, examines the contributions of online travel agencies (OTAs) to the US travel and tourism sector, the spending patterns of OTA travelers, and the role of OTAs in the hotel booking journey. The research points to the increasing importance of OTA travelers to propel economic recovery for the US travel industry. Key findings Traveler Preferences Traveler Behaviors Travelers are 57% more likely to book their travel through an OTA now than before COVID-19 Domestic OTA travelers spend 16% more per trip and 5% more on-property tha
To Pay or Not to Pay: When Dividend Policy Rhymes With Business Strategy
Dr Cédric Poretti | October 14, 2020
By Dr Cédric Poretti The current dividend drought The COVID-19 crisis is putting the global economy under pressure in an unprecedented way. Companies worldwide have been forced to cut their dividend payouts. Based on the Janus Henderson Global Dividend Index (August 2020), global dividends fell by 22% to $382.2bn in the second quarter of 2020. However, significant variations appeared across regions and industries. North American dividends barely changed on a year-on-year basis, while in Europe, 54% of firms reduced their dividend payouts. In France, payouts dropped by 57%, in Spain by 70%, in Germany by 19%, while no change appeared (on a
Aimbridge Hospitality Selected to Manage Renaissance Charleston Historic District Hotel
October 14, 2020
Aimbridge Hospitality, the leading, global, third-party hotel management company, announces it has been selected to manage the Renaissance Charleston Historic District Hotel. With specialized operating expertise across all verticals and a deep understanding of full-service properties, Aimbridge Hospitality leverages its scale to add resources, efficiencies, and proprietary tools along with operating acumen focused on nuance. “We are very pleased to be the designated management company for Renaissance Charleston Historic District Hotel,” said Mike Deitemeyer, Global President of Aimbridge Hospitality. “As we continue to expand our ful
Avison Young Announces Weekly Open Forum
Avison Young | October 14, 2020
ATLANTA – October 14, 2020 – Avison Young Hospitality Group announces the firm launched a weekly virtual forum for every Monday at 2pm eastern starting with next Monday, October 19th. The forum will start with a very short overview of the previous week lodging performance at the property level as well as at the publicly traded level. The main focus of the 45-minute virtual forum is to answer live questions from the participants. Keith Thompson said, “This forum is for private and public hotel investors, owners, operators who needs clear answers and sound advice. The hotel investment world has changed since COVID and we want to be a r