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Why Now is the Time for Hotel Owners to Leverage Revenue Management
Trevor Stuart-Hill | December 10, 2014
By Trevor Stuart-Hill The hotel industry, in virtually every global market, has recovered from the sharp downturn of 2008 and 2009. In the US market, during the first half of 2014, room demand was up 4.2% and room revenue was up 8.6%. Randy Smith of Smith Travel Research (STR) states, "The surge in demand we witnessed during the summer of 2014 even caught us by surprise...and it certainly is nice to be pleasantly surprised." So why is now a good time to harvest the value that revenue management can bring to the table? The answer relates to the cyclical nature of our business, combined with mounting pressure on profitability. A Global Vi
The Newly Built 93-suite Residence Inn by Marriott in Harlingen, Texas Opens Next Week
Residence Inn | December 10, 2014
Owned by Krishna Harlingen Investments, LLC and Managed by Meelan Hospitality Harlingen, Texas - December 10, 2014 - The 93-suite Residence Inn by Marriott in Harlingen, Texas is scheduled to open on Thursday, December 18, 2014 and will feature the brand's innovative, new design. Located at 109 Bass Pro Drive, the all-suite Residence Inn Harlingen will operate as a Marriott franchise, owned by Krishna Harlingen Investments, LLC and managed by Meelan Hospitality. Located just off Expressway 83, next to the Bass Pro Shops and within walking distance to Valle Vista Mall, the Residence Inn Harlingen offers its guests convenient access to Ri
Wyndham Hotel Group Enters Strategic Technology Partnership with Sabre Corporation
Sabre Corporation | December 10, 2014
Migrates to Sabre's Industry-Leading SynXis Enterprise Platform PARSIPPANY, N.J. and SOUTHLAKE, Texas (Dec. 10, 2014) - Wyndham Hotel Group and Sabre Corporation announced today a global strategic technology partnership which will provide cloud-based, cutting-edge Software-as-a-Service (SaaS) reservations, revenue management and enhanced security solutions to Wyndham Hotel Group properties, making the Hotel Group the first large global company to leverage Sabre's SynXis Enterprise Platform. Wyndham Hotel Group, a part of Wyndham Worldwide Corporation (NYSE: WYN), is the world's largest hotel company with approximately 7,590 properties
Stein Eriksen Lodge Prepares for Ski Season with nSight Travel Intelligence
Stein Eriksen Lodge | December 10, 2014
World's Best Ski Hotel Retools Demand Forecasting with Consumer Shopping Data NASHVILLE, TN - December 10, 2014 - nSight, the leader in online consumer shopping intelligence for the travel industry, today announced that Stein Eriksen Lodge, Utah's only Forbes Five Star, AAA Five Diamond resort, will use nSight's forward-looking consumer data to target active online travel shoppers and increase future bookings for the resort. Newly named the World's Best Ski Hotel by the World Ski Award's 2014 Ski Oscars, Stein Eriksen Lodge is an award-winning European resort offering Olympic-class skiing in the heart of Park City, Utah's pristine ski
Hawks Cay Resort in the Florida Keys Enters Final Phase of Multi-Million Dollar Renovation
Hawks Cay Resort | December 10, 2014
Duck Key, Fla. - December 10, 2014 - Hawks Cay Resort, an iconic Florida Keys resort destination, announced today it has entered the final phase of a multi-million dollar renovation. The extensive project touches nearly every aspect of the resort from the landscape architecture and exterior reception area to the lobby and guestrooms as well as meetings facilities, Calm Waters Spa and the kids' activities center. The renovation is part of the re-launch program initiated by Carey Watermark Investors, which acquired the resort in the fall of 2013. Pyramid Hotel Group, the resort's new management company, is overseeing the project. "People
The Former Minneapolis Boulevard Hotel Debuts as DoubleTree by Hilton Minneapolis North
DoubleTree By Hilton | December 10, 2014
December 10, 2014 - MINNEAPOLIS and MCLEAN, Va. - Hilton Worldwide and DoubleTree by Hilton today announced the opening of DoubleTree by Hilton Minneapolis North, a 13-story, suburban high-rise hotel located in Brooklyn Center and surrounded by more than 500 acres of parks and walking paths. Formerly the Minneapolis Boulevard Hotel, DoubleTree by Hilton Minneapolis North debuts a $4 million transformation that includes modern, stylish updates throughout the property. At the helm of the freshly-renovated hotel is veteran hotelier and Minnesota Native, Robert "Rosco" Larson, who has been appointed as general manager, bringing with him an
Dubai Properties and Hilton Worldwide to Build 238-room DoubleTree by Hilton Dubai Business Bay
DoubleTree By Hilton | December 10, 2014
December 10, 2014 - DUBAI, UAE and MCLEAN, Va. - Leading real estate developer Dubai Properties (DP) and Hilton Worldwide today announced the signing of a management agreement to build a DoubleTree by Hilton at the popular mixed-use Bay Square development in Dubai's Business Bay district. The hotel will join a fast growing portfolio of DoubleTree hotels already welcoming guests in Dubai and Ras Al Khaimah and is expected to open in early 2017. The 238-guestroom DoubleTree by Hilton Dubai Business Bay will be the latest addition to leading real estate developer DP's broad portfolio of retail, commercial, residential and mixed-use develop
Noble Acquires 11 Marriott & Hilton Branded Hotels From McKibbon
Noble Investment Group | December 10, 2014
The Southeastern U.S. Hotels Total 1,306 Rooms Atlanta, GA (December 10, 2014) - Noble Investment Group ("Noble") announced that it has closed on the acquisition of ten Marriott and one Hilton premium branded select service and extended stay hotels from McKibbon Hotel Group, Inc. ("McKibbon"). McKibbon, a nationally renowned developer and operator, will continue managing the portfolio which totals 1,306 rooms in five states throughout the southeast. Noble invests in markets which have historically stable demand most often generated by major universities, healthcare centers and a diverse corporate presence. The eleven hotels were select