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New 92-Key Towneplace Suites By Marriott Set to Open in Albuquerque, New Mexico
TownePlace Suites by Marriott | August 3, 2020
Albuquerque, NM – August 3, 2020 – The TownePlace Suites by Marriott Albuquerque Old Town is set to open for business this Thursday, August 6th. The new 92-suite hotel is built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the Old Town Albuquerque area. Located at 2510 12th Street NW, it will operate as a Marriott franchise, owned by IPMI Hotel Group and managed by Sun Capital Hotels of Albuquerque, New Mexico. General Manager Joseph Alderete leads the management team at the property. All service team members are thoroughly trained on local knowledge and look f
Victor Betro Appointed as New General Manager of Kempinski Hotel Aqaba Red Sea, Jordan
Kempinski Hotel Aqaba Red Sea | August 3, 2020
Aqaba, Jordan, 3 August 2020 – From the golden dunes of the Arabian Desert to the azure shores of the Red Sea: Victor Betro has been appointed as the new General Manager of Aqaba’s prominent luxury hotel, Kempinski Hotel Aqaba Red Sea, and has moved from the Palm Island in Dubai to the aquatic city of Aqaba - Jordan’s only southern beachfront city located on the Red Sea Riviera. Victor started his career path with Hyatt International back in 2005 in the food and beverage team at Hyatt Regency Sharm El Sheikh, Egypt, followed by a position in the same field at Grand Hyatt Dubai, United Arab Emirates. Switching from operations to the r
Xenia Hotels & Resorts Reports Second Quarter 2020 Results
Xenia Hotels & Resorts, Inc. | July 31, 2020
ORLANDO, Fla., July 31, 2020 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended June 30, 2020. Second Quarter and Year to Date 2020 Highlights Hotel Status: The Company had 8 hotels open and operating for the entire month of April. Having temporarily suspended operations at 31 hotels between late March and early April, the Company recommenced operations at 5 hotels in May and 13 hotels in June. Therefore, at the end of the second quarter, 26 hotels were open and operating. By July 31, 2020, the Company will have recommenced operations at 9 additional hotel
Radisson RED Aarhus Opens in Denmark Marking Brand First in Scandinavia
Radisson RED | July 31, 2020
Brussels/Aarhus - July 31, 2020 - Located in the heart of Denmark’s second biggest city and vibrant cultural hub, Radisson RED Aarhus is pleased to open its doors and welcome guests to a new urban hotspot geared towards the social and modern traveler. “With statement design, spacious rooms with big balconies and maximalist details in the form of bold patterns and pops of color, the first Radisson RED hotel in Scandinavia is a true multisensory experience. This is a great start for Radisson RED in the Nordic region, with new properties planned in both spectacular Reykjavik, Iceland and urban Oslo, Norway. With this reinforcement of our p
Host Hotels & Resorts, Inc. Reports Results For Second Quarter 2020
Host Hotels & Resorts | July 31, 2020
BETHESDA, Md., July 31, 2020 -- Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for the second quarter of 2020. James F. Risoleo, President and Chief Executive Officer, said, “I am incredibly proud of Host’s swift and decisive response to the challenging operating environment we faced in the second quarter. We significantly reduced our monthly hotel-level loss from April to June by working with our operators to reopen 19 hotels in a socially and financially responsible manner while continuing to carefully control expenses. O
Marriott, Hilton, and IHG Continue to Dominate the U.S. Hotel Construction Pipeline at Q2’20 Close*
Lodging Econometrics | July 31, 2020
July 31, 2020 – PORTSMOUTH, NH – In the recently released quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of the second quarter of 2020 are Marriott International with 1,487 projects/195,952 rooms, followed by Hilton Worldwide with 1,395 projects/160,078 rooms, and InterContinental Hotels Group (IHG) with 920 projects/94,499 rooms. Combined these three companies account for 68% of the projects in the total pipeline; roughly the same percentage as the Q1’20 close. Hilton’s Home2 Suites and IHG’s Holiday Inn Expre
U.S. Travel Reacts to Economic Plunge
The U.S. Travel Association | July 31, 2020
WASHINGTON (July 31, 2020)—U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on the record plunge in U.S. GDP announced Thursday morning: “This morning’s news of a 32.9% Q2 contraction is evidence that this economy is not going to be able to make it up off the mat without bold action by Congress to provide significant and meaningful relief. “The travel industry, which helped employ one in 10 Americans last year, has been hit hardest by the economic fallout of the pandemic—having lost half its jobs already and on track for a drop of more than a half
How Will the Hotel Industry Recover From COVID-19?
JLL | July 31, 2020
Hotels were hit fast and hard when the pandemic began to spread. What’s next for the sector? If Hollywood writers had written the script for how fast and hard the hotels industry was hit by COVID-19, most producers would have laughed them out of their office. Nearly overnight, many hotels went from “no vacancy” to “high vacancy.” But even before that, disruption had upended the sector. From Airbnb to VRBO and others like them, many outside forces were pushing dramatic change on the industry. Guests wanted an experience, not just a room. As Gilda Alverado-Perez, CEO of JLL’s Hotels & Hospitality Americas, tells James C