Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
35th Hunter Hotel Investment Conference Highlights Legacy in Hospitality With Fireside Chat Featuring Anthony Capuano, President & CEO of Marriot
Hunter Hotel Investment Conference | February 20, 2024
ATLANTA (February 20, 2024) – The Hunter Hotel Investment Conference (“HUNTER”) is thrilled to highlight the past and future icons of our industry with a session devoted to legacy as the event celebrates its 35th anniversary this coming March. The session will showcase a captivating fireside chat with Anthony Capuano, President and CEO of Marriott International, interviewed by Mitch Patel, CEO of Vision Hospitality Group. This intimate discussion, which combines the perspectives of a major brand leader with a seasoned hotel owner and developer, is one of the many additions to HUNTER’s 2024 program. Taking the HUNTER stage for...
Upper Upscale Projects in Europe’s Hotel Construction Pipeline Reach Record-Highs at Q4...
Lodging Econometrics (LE) | February 20, 2024
February 20, 2024 – PORTSMOUTH, NH – The recent Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the region’s total pipeline stands at 1,706 projects/254,937 rooms at the end of Q4 ‘23. At year-end, the hotel construction pipeline in Europe includes 755 projects with 115,300 rooms currently under construction, with an additional 418 projects/64,835 rooms scheduled to start construction in the next 12 months. Furthermore, 533 projects/74,802 rooms are in the early planning stage. Notably, announced renovation and conversion projects have seen a significant uptick, rising 21% in projects and...
Zouk Group Selects UrVenue as Technology Partner for Global Expansion...
UrVenue | February 20, 2024
Global lifestyle brand leverages UrVenue’s best-in-class platform for clubs and events in Singapore, Japan, and Malaysia. LAS VEGAS, FEBRUARY 20, 2024 — Zouk Group, a global lifestyle brand specializing in nightlife, entertainment, and dining, has selected UrVenue, pioneer of nightlife technology, as its global technology partner, expanding their current partnership to Zouk Group’s nightlife venues in Singapore, Japan, and Malaysia. Zouk Group and UrVenue first became partners in 2021 with the opening of Zouk Nightclub, AYU Dayclub, FUHU restaurant, and RedTail social gaming bar, all of which are located within Resorts World Las Ve...
The Metric Hotel Deploys GuestCast by Hotel Internet Services to Deliver Personalized Guestroom TV Experiences...
Hotel Internet Services, Inc. | February 20, 2024
Modern boutique property experiences increase in TV usage and guest satisfaction since adopting casting solution purpose-built for hospitality. LOS ANGELES — February 20, 2024 — Hotel Internet Services (HIS), a full-service provider of internet services and solutions for the hospitality industry, has announced the successful adoption of its GuestCast content streaming solution by The Metric Hotel in Los Angeles, California. An award-winning platform designed to easily adapt to the interests of each guest, GuestCast now plays an essential role in The Metric’s ability to cater to its young and international guest demographic. These tec...
AI + Hotels = A Digital Marketing Machine...
ShiftDigital | February 20, 2024
AI is poised to help hoteliers make the complex engine of digital marketing a more efficient, proactive, well-oiled system. Managing a hotel is a balancing act of daily operations, guest satisfaction, and revenue growth, further complicated by a fast-paced digital marketing landscape. With countless strategies and channels to master, keeping up becomes a daunting challenge for even the savviest digital marketers. That’s why forward-thinking hotel marketers are embracing artificial intelligence (AI). Serving as a multi-purpose tool, AI helps streamline digital marketing efforts—from enhancing customer personalization to generating b...
ADA Defense Lawyer: Has Your Business Been Sued by Pacific Trial Attorneys or These Plaintiffs? How to Defend These Unruh Civil Rights Act Lawsuits...
Jim Butler | February 19, 2024
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com A recent spate of lawsuits from plaintiffs represented by Pacific Trial Attorneys has highlighted the need for businesses to ensure ADA compliance. In the below article, JMBM partner Stuart Tubis discusses the importance of website compliance, and how best to defend your business if there is liability. Has Your Business Been Sued by Pacific Trial Attorneys or These Plaintiffs? How to Defend These Unruh Civil Rights Act Lawsuits by Stuart Tubis, JMBM’s ADA Compliance & Defense Group Pacific Trial Attorneys, as legal counsel, ha...
Google Hotel Ads Bid Strategies Update: How Will It Impact Your Campaigns?...
Cendyn | February 19, 2024
In the ever-evolving landscape of online advertising, staying ahead of the curve is paramount for businesses looking to maximize their revenue while also adapting to changes in user privacy expectations. With Google’s recent announcement regarding updates to its Hotel Ads bidding models, hoteliers face a pivotal moment in their metasearch advertising strategies. Let’s delve into what these changes mean and how hotels can navigate this transition effectively. Google Hotel Ads commission-based models to sunset The upcoming changes, slated to take effect on April 30, 2024, mark a significant shift away from commission-based bid strate...
U.S. Hotel Performance for January 2024...
CoStar Group | February 19, 2024
WASHINGTON – 19 February 2024 – The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. January 2024 (percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): US$146.33 (+2.7%) Revenue per available room (RevPAR): US$75.99 (+0.9%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0%), which was up 6.2% year over year. Markets with the lowest occupancy for the month includ...
MGM Resorts International Reports Record Fourth Quarter and Full Year 2023 Results...
MGM Resorts International | February 19, 2024
Las Vegas Strip Resorts achieved record full year and fourth quarter net revenue and Adjusted Property EBITDAR MGM China achieved record full year and fourth quarter Adjusted Property EBITDAR $2.3 billion in share repurchases in 2023 and $629 million during the quarter MGM Resorts senior secured credit facility expanded to $2.3 billion, providing increased liquidity LAS VEGAS, Feb. 19, 2024 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2023. "Our Las Vegas Strip Resorts and MGM China set new all-time records for full ye...
Wyndham Hotels & Resorts Reports Strong Fourth Quarter Results With Record Openings, Retention and System Growth...
Wyndham Hotels & Resorts | February 19, 2024
Increases Quarterly Dividend by 9% Reiterates Full-Year 2024 Outlook PARSIPPANY, N.J., Feb. 19, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2023. Highlights include: • System-wide rooms grew organically by 3.5% year-over-year, a record high. • Opened a record 66,000 organic rooms, representing a year-over-year increase of 3%. • Global retention rate - including all terminations - improved another 30 basis points to a record 95.6%. • Development pipeline grew 1% sequentially and by 10% year-over-year to a record 240,000 rooms. • Grew ECHO Suites p...
The First Hyatt Place Now Open in Makassar, Indonesia...
Hyatt Place | February 19, 2024
The 145-room Hyatt Place hotel is open in the heart of Makassar city CHICACO (February 19, 2023) – Hyatt Place Makassar, the first Hyatt Place hotel in Indonesia is officially open today, expanding the Hyatt Place brand’s footprint globally in markets that matter most to guests and World of Hyatt members. The new hotel features the Hyatt Place brand’s intuitive design, casual atmosphere and practical amenities, such as free Wi-Fi and 24-hour food offerings. Because Hyatt’s efforts are grounded in listening and fueled by care, Hyatt Place hotels combine style, innovation and 24/7 conveniences to create an easy to navigate exper...
Destination by Hyatt Brand Set to Debut in the Caribbean With Cas En Bas Beach Resort...
Destination by Hyatt | February 19, 2024
Idyllically situated on the northern tip of St. Lucia, Cas en Bas Beach Resort will offer a distinctly modern and personalized getaway in a tropical paradise CHICAGO (February 19, 2024) – Hyatt Hotels Corporation (NYSE:H) and Wellington Estates today announced the planned debut of Cas en Bas Beach Resort, marking the introduction of the Destination by Hyatt brand in the Caribbean. Expected to open in late 2024, Cas en Bas Beach Resort will invite global escapists to discover St. Lucia through a cosmopolitan Caribbean perspective including one-of-a-kind programming, hyper-personalized amenities, and dynamic culinary offerings. Nestl...
Marriott International Signs Agreement With Morogoro Mishama Company to Bring Le Méridien to Zanzibar...
Marriott International | February 19, 2024
Le Méridien Zanzibar Resort will invite travelers around the world to ‘Savour the Good Life’ through the brand’s rich European heritage and chic signature programming ZANZIBAR, Tanzania, February 19, 2024 -- Marriott International announced a signed agreement with Morogoro Mishama Company that will introduce Le Méridien Hotels & Resorts to the shores of Zanzibar in 2025. To support the growing demand for premium hospitality accommodations in Tanzania, Le Méridien Zanzibar Resort will feature 75 guestrooms as well as the brand’s glamourous, signature programming and experiences that will help guests discover the culture, coor...
Brush Creek Ranch Appoints Prosenjit “Ricky” Biswas as Executive Chef...
Brush Creek Ranch | February 19, 2024
Chef Biswas to Host Friends of James Beard Dinner August 16-17, 2024 (Saratoga, Wyo.) – February 19, 2024 – Brush Creek Ranch, named among the Top 20 Resorts in the Mountain West in Condé Nast Traveler’s 2023 Reader’s Choice Awards, announced today the appointment of Prosenjit "Ricky" Biswas as Executive Chef. Continuing to grow and enhance the Ranch’s already extensive farm-to-table cuisine, Chef Biswas will oversee all culinary functions across the Ranch’s three luxury properties – Lodge & Spa, Magee Homestead, and French Creek – in addition to The Farm at Brush Creek which is home to the award-wi...
The Gant Aspen Promotes Bree DiBernardo to Director of Sales...
The Gant Aspen | February 19, 2024
Bree DiBernardo Promoted to Director of Sales of the Iconic Aspen Resort Aspen, CO. – (February 19, 2024) – The Gant has promoted Bree DiBernardo to the position of director of sales from her prior role as senior sales manager. Formerly serving as senior sales manager, DiBernardo brings a wealth of experience and expertise to her new role, where she will lead the sales efforts and strategic initiatives of the legendary Aspen resort. DiBernardo, a seasoned hospitality sales professional, began her tenure at The Gant in 2020 as reservations agent. Through her dedication and noteworthy performance, she quickly ascended the leadership...
The Algonquin Hotel, Autograph Collection Inducted Into Historic Hotels of America...
Historic Hotels of America | February 16, 2024
NEW YORK, February 16, 2024 – The Algonquin Hotel Times Square, Autograph Collection, located on Manhattan’s West 44th Street, is pleased to announce it has been inducted into Historic Hotels of America®, the official program of the National Trust for Historic Preservation for recognizing, celebrating, and promoting the finest historic hotels in the United States. The Algonquin Hotel is one of more than 300 hotels and resorts throughout the country that is recognized by Historic Hotels of America for preserving and maintaining its historic integrity, architecture, and ambiance. “Historic Hotels of America is delighted to induct Th...
AHLA Commends House Vote to Reauthorize Trafficking Victims Protection Act...
AHLA | February 16, 2024
WASHINGTON (Feb. 16, 2024) – After the U.S. House of Representatives passed legislation from Rep. Chris Smith, R-N.J., to reauthorize the Trafficking Victims Protection Act for five years, American Hotel & Lodging Association President & CEO Chip Rogers released the following statement: “The hotel industry is united behind preventing human trafficking and helping survivors, and AHLA applauds House lawmakers for this bipartisan vote to extend the Trafficking Victims Protection Act,” said AHLA President & CEO Chip Rogers. “The bill provides vital funding for trafficking prevention and awareness efforts as well as housing...
Ashford Hospitality Trust Agrees to Sell 144-Room Residence Inn Salt Lake City for $19.2 Million...
Ashford Hospitality Trust | February 16, 2024
DALLAS, Feb. 16, 2024 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 million. The sale is expected to be completed in early March and is subject to normal closing conditions. The Company provides no assurances that the sale will be completed on these terms or at all. When adjusted for the Company's anticipated capital expenditures, the sale price represents a 4.6% capitalization rate on 2023 net operating income, or 18.2x 2023 Hotel EBITDA. Excluding the an...
2024 Total Solar Eclipse: How Will the Hotel Performance Impact Stack Up to 2017?...
CoStar Group | February 16, 2024
In early-April 2024, a Total Solar Eclipse will once again pass over cities across North America and drive an influx of spectators in need of overnight accommodations. That means a lift in hotel performance is once again on the horizon, but there are key differences from the last Total Eclipse in 2017. With a duration of totality almost double that of the eclipse in August 2017, the number of spectators looking to be a part of the experience is expected to increase. The eclipse will also reach more larger hotel markets than 2017, which means more available rooms and more well-known destination offerings for travelers to ...
Colorado: Aspen 2nd Priciest President’s Day Destination in the US, Survey Reveals...
Cheaphotels.org | February 16, 2024
DENVER, Feb. 16, 2024 -- The Colorado ski resort town of Aspen is the second most expensive destination in the US for overnight stays on President's Day weekend this year, according to a survey by Cheaphotels.org. The survey compared hotel rates in destinations across America for February 16-19 – the dates for this year's Presidents Day weekend. Only well-located hotels rated at least 3 stars were considered for the survey. In Aspen, situated in Colorado's Rocky Mountains, travelers will have to spend $674 per night for the most affordable double room, the survey shows. The only destination with a higher minimum rate is Wailea...
The Future of Hospitality Is Green: How Hotels Can Lead in a Climate-Conscious World...
Tim Weiss | February 16, 2024
[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column ...
Lanson Place Causeway Bay, Hong Kong To Reopen in March 2024 Following Substantial Renovation...
LANSON PLACE HOSPITALITY MANAGEMENT LIMITED | February 16, 2024
The flagship property of the Hong Kong personal hotel and serviced residence brand unveils its new design by Pierre-Yves Rochon Singapore, 16 February 2024 – Hong Kong personal hotel and serviced residence brand, Lanson Place Hospitality Management Limited (Lanson Place), is re-opening its flagship Causeway Bay property on 1 March 2024, following a substantial refurbishment. A stylish, relaxing retreat designed to contrast with the energy and excitement of Causeway Bay, the new-look property offers an elegant and timeless residential feel across its 188 rooms and suites, including six penthouses. Its unique character and unrivalled locat...
Kimpton Everly Hollywood Welcomes Benjamin Palmer as New General Manager...
Kimpton Hotels & Restaurants | February 16, 2024
Los Angeles, CA (February 16, 2024) – Kimpton Everly Hollywood, the hip Los Angeles hotel that exudes relaxed California sophistication, is pleased to announce the appointment of Benjamin Palmer as General Manager. A seasoned professional in the luxury lifestyle hospitality space, Palmer brings a wealth of experience, deep commitment to employee engagement, and proven track record in strategic growth to the Everly team. "I am thrilled to join Kimpton Everly Hollywood, a property that not only captures the essence of Hollywood's rich culture but also offers a welcoming sanctuary for our guests right in the heart of the city,” said Benj...
AC Hotel Sacramento Set to Open in Downtown Area in Early March...
AC Hotels by Marriott | February 16, 2024
European-Inspired Hotel with Accompanying Kitchen & Bar Opens Near Attractions Including Old Sacramento Waterfront, Golden 1 Center and SAFE Credit Union Convention Center SACRAMENTO, CA (February 16, 2024) - AC Hotel Sacramento, located in the heart of downtown Sacramento, is set to open in early March. The new hotel is part of the AC Hotels by Marriott® brand, featuring contemporary, European-influenced design, signature beverage and food programming and thoughtful amenities catering to locals and travelers alike. Whether guests visit for business or pleasure, the AC Hotel Sacramento is just a short walk from destinations, including...
