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Centara Expands International Portfolio With Three New Hotel Signings in Myanmar
Centara | August 27, 2020
Bangkok, Thailand – 26 August 2020 – Centara Hotels & Resorts, Thailand’s leading hotel operator, signs Hotel Management Agreements (HMAs) with three new hotels in Myanmar. The HMAs cover management of three hotels developed by SL International Construction Co., Ltd., including Centra by Centara Hotel Thiri Hpa-An, Hpa-An Hilltop Resort & Spa, and Centara Hotel Mandalay. In the last 12 months, Centara has inked management deals for a total of nine Myanmar properties, including the latest signings with SL International Construction. Established in 2019 as an office and residential construction firm, S
AETHOS Hotel CEO Turnover Study 2020
Thomas Mielke | August 27, 2020
By Thomas Mielke The pandemic has been impacting businesses across geographic fault lines and industry segments. However, despite the fact that the hospitality sector has undoubtedly been one of the hardest hit, it is also important to recognise that the industry is experiencing a rather remarkable period of steady leadership – and with it comes the firm hand of a tried and tested leader, one who has seen and dealt with a variety of different crises and turbulences and who, one would hope, has gained the trust of ownership, the shareholders and the stakeholders. The Status-Quo: “Nobody Moves!” AETHOS has been tracking CEO turno
HFTP Announces 2020 Paragon Award Recipient – Ian Millar, CHTP
HFTP | August 27, 2020
Ian Millar, CHTP was selected as the 2020 Hospitality Financial and Technology Professionals (HFTP®) Paragon Award recipient for his unwavering support of the association and substantial contributions to increase knowledge sharing and promote growth in the hospitality industry at large, specifically amongst students and hospitality professionals within Europe. Millar is a senior lecturer of IT at EHL in Lausanne, Switzerland. He has been a member of HFTP for 15 years and served in multiple association leadership positions including as vice-chair of the HITEC Advisory Council and on the HFTP Global Board. Millar will be honored on October 29
Okura Nikko Hotel Management Plans October 2022 Opening of 303-Room Hotel Nikko Chengdu Yixin Lake
Aerotropolis City Development Group Co., Ltd. | August 27, 2020
TOKYO - Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., announced that it will open Hotel Nikko Chengdu Yixin Lake in October 2022. Chengdu, the capital of Sichuan Province, is a new first-tier city in China and host to many of the world's leading companies. The company has contracted with Aerotropolis City Development Group Co., Ltd. to manage the new property through its joint venture BTG Nikko International Hotel Management Co., Ltd. Known as “the country of heaven and land of abundance" since ancient times, Chengdu is famous for its mild climate and abundant food cultivation, making it a comfortable pl
Year-Over-Year the Global Hotel Construction Pipeline Continues to Increase*
Lodging Econometrics | August 27, 2020
August 27, 2020 – PORTSMOUTH, NH - The latest Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), an industry-leading company that compiles construction pipeline counts for every global region, country, and city around the world, states that the global hotel construction pipeline stands at 14,779 projects/2,412,736 rooms. Year-over-year (YOY) the pipeline increased 5% by projects and 4% by rooms with several stages of the pipeline hitting their peaks by project and rooms counts. Under Construction is at an all-time high room count with 1,230,572 rooms/6,896 projects. Projects scheduled to start construction
Hotel Carmichael, an Autograph Collection Hotel Opens in Carmel, Indiana
Hotel Carmichael | August 27, 2020
Carmel, IN – August 27, 2020 – Hotel Carmichael has officially opened its doors joining Autograph Collection. The 122-room, six-story luxurious hotel located at 1 Carmichael Square, is owned by CCC Boutique Hotel, LLC and managed by Coury Hospitality of Kansas City, Missouri. Situated next to The Palladium, one of the greatest concert halls of its time and along the Monon Trail, the downtown Carmel hotel offers guests convenient access to Midtown Plaza, the Center for Performing Arts, Clay Terrace, Peace Water Winery and Sugar Creek Vineyard & Winery. Whether traveling for business or pleasure, the stunning hotel is just a short dr
Hyatt Place Prince George Opens in British Columbia Led by General Manager Rajat Kadiyan
Hyatt Place | August 27, 2020
Prince George, B.C. (August 27, 2020) – Hyatt Place Prince George, the first Hyatt Place branded hotel in northern British Columbia, is officially open, expanding the Hyatt Place brand’s footprint globally in markets that matter most to guests and World of Hyatt members. The new, five-story hotel features the Hyatt Place brand’s intuitive design, casual atmosphere and practical amenities, such as free Wi-Fi and 24-hour food offerings. The hotel is owned and operated by Mundi Hotel Enterprises, Inc. Because Hyatt’s efforts are grounded in listening and fueled by care, Hyatt Place hotels combine style, innovation and 24/7 convenienc
STR: U.S. Hotel Results for Week Ending 22 August
STR | August 27, 2020
HENDERSONVILLE, Tennessee—U.S. hotel occupancy fell to a three-week low during the period of 16-22 August, according to the latest data from STR. 16-22 August 2020 (percentage change from comparable week in 2019): Occupancy: 48.8% (-30.3%) Average daily rate (ADR): US$100.08 (-22.7%) Revenue per available room (RevPAR): US$48.81 (-46.1%) The prior week, the industry had reached 50% occupancy for the first time since mid-March. Lower occupancy came as U.S. room demand declined week over week for the first time since mid-April. Reflective of school openings and less vacation travel, the industry sold 492,000 fewer room nights