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Less Global Markets Show RevPAR Growth, but Olympics and Concerts Produce Highlights

CoStar Group | August 30, 2024

Note: All financial figures presented in US$. STR's global "bubble chart" update for the four weeks ending 24 August 2024 shows 61% of markets with year-over-year growth in revenue per available room. That was a three-point decline in the proportion of global markets: 64% experiencing matched four-week RevPAR gains in last month's update. Among countries with 50,000 rooms and adequate hotel reporting levels, France, Greece, Singapore, Switzerland and Ireland — mostly the same as last month’s set of higher-priced countries with exception of Ireland in place of Italy—posted the highest RevPA

HVS ANAROCK Hotels & Hospitality Overview, August 2024

Akash Datta | August 30, 2024

Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry. Key highlights include: July 2024 saw a year-on-year growth of over 7% in domestic air passenger traffic in India. Nationwide occupancy rates increased by 3-5 percentage points year-on-year during the month, although they remained slightly below pre-pandemic levels. Pune and Chennai registered the highest occupancy rates for the month, ranging from 76-79%. Meanwhile, Kolkata, New Delhi, and Chandigarh led the growth in occupancy, each showing an increase of 6-8 percenta

Greenwood Hospitality Names Greg Monjure as General Manager of The Publisher Hotel

The Publisher Hotel, a Tribute Portfolio hotel | August 30, 2024

Fredericksburg, Virginia, August 30, 2024 – Since The Publisher Hotel opened its doors this summer, General Manager Greg Monjure has been at the forefront to usher in a new era of gracious hospitality in the charming historic American town of Fredericksburg. Bringing diverse knowledge and a passion for ensuring unforgettable guest experiences and impeccable service, the seasoned hospitality executive will play a pivotal part in day-to-day operations and establishing the 98-room property as a premier destination in the South Atlantic. “I am extremely honored to join The Publisher Hotel and work with the talented team here to excee

Radisson RED Debuts in South East Asia Pacific With Opening in Danang, Central Vietnam

Radisson RED | August 30, 2024

Radisson RED Danang makes its debut on Vietnam’s central coast, introducing an exciting new era of unconventional lifestyle hospitality to this vibrant seafront city. Situated on Vo Nguyen Giap Street, Danang’s main oceanfront road, just steps from My Khe Beach, this bold upper upscale hotel, the first Radisson RED hotel in South East Asia Pacific, is a place where guests can check in, chill out and kickstart the fun! This new hotel features 153 rooms and suites with a bold design concept, signature RED beds, contemporary Vietnamese artworks, and world-class amenities. Savvy explorers can keep connected with unlimited free Wi-Fi, stay

The Hotel Group and Hogback Development Company Purchase Land to Develop Marriott StudioRes in Moses Lake, Washington

The Hotel Group | August 30, 2024

MOSES LAKE, WA – August 30, 2024 – The Hotel Group, an affiliate of Hotel Equities, in partnership with co-owners Hogback Development Company, is thrilled to announce it has acquired land to develop a Marriott StudioRes in Moses Lake, WA. StudioRes is Marriott International's new midscale, extended stay lodging brand appealing to investors for its focus on the short-term rental market and building/design efficiencies. The smart, modern, all-studio hotel will feature spacious suites providing an exceptional option for travelers seeking convenience, comfort, and flexibility- especially for longer stays- in the central Washington market.

Royal Lahaina Resort & Bungalows Reopens on Maui Following Property Refresh

TableOne Hospitality | August 30, 2024

KAANAPALI, MAUI - [August 30, 2024] Royal Lahaina Resort & Bungalows, one of Maui’s first resorts and a historically celebrated retreat for royalty, is thrilled to announce its reopening and exciting new developments as it welcomes guest to rediscover the wonders of Maui. The 27-acre oceanfront resort reopens its doors with the debut of two new culinary venues: Lahaina Noon, a vibrant oceanfront restaurant, and Pineapple Moon, a relaxed poolside bar. These offerings, conceptualized by TableOne Hospitality under the direction of renowned restaurateur Patric Yumul, promise to elevate the culinary landscape of Kaanapali Beach. Followin

My Place Hotels of America Expands Into Vermont With My Place Hotel-Randolph, VT

My Place Hotels of America | August 30, 2024

ABERDEEN, SD — August 30, 2024 — My Place Hotels of America has opened My Place Hotel-Randolph, VT in Randolph Center, VT. It is the first My Place property to open in Vermont and 74th open and operating My Place property in the United States. My Place Hotel-Randolph, VT is owned by Randolph Hospitality LLC and was developed by Realty Development Services LLC. The hotel is managed by Cornerstone Hospitality, which additionally manages two other My Place properties. The 64-key My Place Hotel-Randolph, VT, was developed to match the aesthetic of the region, with exterior architectural treatment specifically selected to complement the Gre

Hotels To Celebrate National Hotel Employee Day

AHLA | August 30, 2024

WASHINGTON (Aug. 30, 2024) – Top hotel industry groups, including the American Hotel & Lodging Association, the Asian American Hotel Owners Association, the National Association of Black Hotel Owners, Operators & Developers, and the Latino Hotel Association, will recognize National Hotel Employee Day today and throughout the weekend along with hoteliers across the country. AHLA and the National Day Calendar established National Hotel Employee Day in 2022 to honor the nearly two million employees who work in America’s hotel industry. It is observed annually on September 1. Every day in communities across the nation, hotel empl







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