Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Peppers Marysville Unveils Fresh New Look in the Heart of the Yarra Valley
Accor | December 19, 2023
Accor, the largest hotel operator in Australia, continues its commitment to regional tourism with the launch of the new-look Peppers Marysville in Victoria’s picturesque Yarra Valley, following an extensive refurbishment. Offering a welcoming experience in the heart of the Yarra Valley, the refurbishment includes a complete transformation of the hotel’s entrance and reception area, stylishly updated guestrooms, a completely reimagined day spa, brand new restaurant, refreshed conference facilities, and a new dedicated bike zone to cater for the many cyclists visiting the resort. Accor Pacific CEO, Sarah Derry, said: "We take great pride...
Minor Hotels Plans March Opening of Anantara Palais Hansen Vienna Hotel in Austria Following Rebranding
Anantara Hotels, Resorts & Spas | December 19, 2023
Anantara Palais Hansen Vienna Hotel to join the brand’s European portfolio in March 2024 Bangkok, December 19, 2023: Minor Hotels, the parent company behind luxury hotel brands Anantara, Tivoli, and Elewana Collection, is pleased to announce an exciting upcoming addition to the Anantara Hotels, Resorts & Spas portfolio in the Austrian capital of Vienna. As part of the group’s strategic expansion across Europe, Anantara Palais Hansen Vienna Hotel will launch in March 2024. The hotel is situated in the heart of Vienna on the renowned Schottenring, part of the city’s Ring Boulevard, and occupies a listed palace built in 1873 ...
Sam Fox Debuts as Hotelier With Launch of The Global Ambassador in Phoenix
The Global Ambassador | December 19, 2023
PHOENIX (Dec. 19, 2023) – Very few hotels today are the culmination of a deeply personal journey of one individual – an individual who, bound by no brand, has dedicated close to a decade scrutinizing every singular detail of the guest experience, from the way the shower door swings to how the morning light plays on the sumptuous fabric wallcoverings, and everything in between. No cost was spared, and no detail overlooked by Sam Fox, the prolific hospitality innovator, who opens The Global Ambassador in Phoenix this week, marking his official debut as a luxury hotelier. For more than two decades, Fox has helped shape the country’s r...
November 2023 International Air Passenger Travel To and From the United States
The APIS/I-92 Program | December 19, 2023
Air Passenger Enplanements Up 14.6% Year Over Year in November 2023 Air Passenger Travel Between the United States and Europe Up 10.7% in November 2023 Data recently released by the National Travel and Tourism Office (NTTO) show that in November 2023: U.S.-international air traffic passenger enplanements1 totaled: 19.031 million in November 2023, up 14.6 percent compared to November 2022, with enplanements reaching 102.7% percent of pre-pandemic November 2019 volume. Originating Non-Stop Air Travel in November 2023 Non-U.S. citizen air passenger arrivals to the United States from foreign countries totaled: ...
Lockwood Hotel Welcomes David Beaudoin as General Manager
Lockwood Hotel | December 18, 2023
(Waterville, ME), December 18, 2023 – Lockwood Hotel is pleased to announce the appointment of David Beaudoin as General Manager. Having dedicated his career to the hospitality industry in New England, David, a seasoned hotel professional, brings extensive experience to Lockwood Hotel. In his new position, David will oversee day-to-day hotel operations, lead the team in delivering operational excellence and elevating guest experiences. With a proven track record in revenue management and cost-effective strategies, David aims to further enhance the hotel's financial performance while maintaining a focus on exceptional service. His leader...
PIF Enters Into Definitive Agreement to Acquire Significant Minority Stake in Rocco Forte Hotels
Rocco Forte Hotels | December 18, 2023
LONDON, 18TH DECEMBER 2023: Rocco Forte Hotels (the group) is pleased to announce that the Public Investment Fund (PIF) has entered into a definitive agreement to acquire a significant minority stake in the group. The Forte family will retain majority ownership and control. The arrangement sees the Italian entity CDPE Investimenti (CDPEI) selling its entire stake. PIF’s investment will include an element of primary equity which will accelerate the brand’s expansion in both existing and new global markets, building on the group’s track record of growth and development that includes eight new properties opened or committed in...
Tourism Tidbits: Making Your Tourism Business Secure
Dr. Peter Tarlow | December 18, 2023
"Tourism & More wishes you and yours a very happy holiday season. May the gift of travel serve to unite us all in goodwill and peace." By Dr. Peter Tarlow Making your tourism business secure. Most of our clients are honest, but unfortunately travel and tourism is also a business like any other business, and despite the goodwill felt at this season, there are also safety and security challenges. There will always be some people who seek to take advantage of other people's goodwill and graciousness. This month's issue is meant to remind you of some of the basics in making your business secure. As in past months, Tourism...
Hard Rock and the Tejon Indian Tribe Celebrate the Groundbreaking of Hard Rock Hotel & Casino Tejon
Tejon Indian Tribe | December 18, 2023
METTLER, Calif., Dec. 18, 2023 -- Hard Rock International and the Tejon Indian Tribe celebrated the groundbreaking of the long-awaited hotel and casino located at Hwy. 166 and Sabodan Road West of the community of Mettler, California on Tejon Tribal land. The celebration featured a commemorative shovel groundbreaking with Hard Rock representatives, Tejon Indian Tribe leadership and general membership plus statewide and local community leaders. "This is an exciting day for the state of California, Kern County and the Tejon Indian Tribe," said Octavio Escobedo, III Chair of the Tejon Indian Tribe. "This groundbreaking is a symbolic cer...
Indian Hospitality Sector – 2023 in Review
Mandeep S Lamba | December 18, 2023
By Mandeep S. Lamba, Dipti Mohan, Dhwani Gupta The year 2023 unfolded as a dynamic chapter for the global hospitality sector, characterized by a blend of challenges and successes. While the world grappled with extreme climate events, escalating geopolitical tensions, growing economic headwinds, and rising travel costs, the global travel industry witnessed a resurgence. According to the United Nations World Tourism Organization (UNWTO), the first nine months of 2023 recorded a remarkable 38% increase in international tourist arrivals (ITAs) compared to the previous year, albeit trailing by a modest 13% from the 2019 levels. The Middle East...
Marriott Signs With Zhejiang Wanhao Wanjia Group to Develop Two Properties in Qiandao Lake
Marriott International | December 18, 2023
The St. Regis Qiandao Lake and AC Hotel by Marriott Qiandao Lake are slated to open in late 2026 in Zhejiang Province, Eastern China Marriott International, Inc. recently announced it has signed an agreement with Zhejiang Wanhao Wanjia Group to develop two properties in Qiandao Lake, located in eastern China’s Zhejiang Province. The St. Regis Qiandao Lake and AC Hotel by Marriott Qiandao Lake are expected open in December 2026, bringing the St. Regis brand’s signature luxury and timeless heritage, complemented with AC Hotels’ modern design and intuitive service to a destination famous for its vast expanses of shimmering blue-gree...
AC Hotels by Marriott Unveils New Hotel in the Heart of Naples
AC Hotel by Marriott Naples 5th Avenue | December 18, 2023
Doors Open to a Curated Guest Experience in Southwest Florida AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of over 30 extraordinary brands, has opened its newest property in the heart of Naples, bringing the signature AC Hotel experience to Florida’s southwest coast. AC Hotel Naples 5th Avenue welcomed its first guests on Friday, December 15. The three-story hotel comprises 150 sophisticated, modern guest rooms; an inviting lobby and ground-floor café; 2,500 square feet of beautiful event space; a well-equipped fitness center; an outdoor rooftop pool; and Limón, a signature rooftop restaurant and bar with seating bot...
Wyndham Board Urges Shareholders to Reject Inadequate and Highly Conditional Choice Exchange Offer
Wyndham Hotels & Resorts | December 18, 2023
Board Unanimously Recommends Wyndham Shareholders NOT Tender Shares Choice Ignores Significant Regulatory and Business Risks and Misleads Wyndham Shareholders and Other Stakeholders with Continued Inconsistent and Inaccurate Statements Wyndham Board Believes the Company Can Deliver Long-Term Shareholder Value in Excess of the Current $85 Per Share in Cash and Stock Offered by Choice Visit StayWyndham.com, Where Shareholders and Franchisees Can Get the Facts PARSIPPANY, N.J., Dec. 18, 2023 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), today announced that its Board of Di...
TNB Hotels Converts Airdrie Inn & Suites to a Fairfield by Marriott
Fairfield by Marriott | December 18, 2023
Airdrie, AB – December 18, 2023 – TNB Hotels, a Boise–based owner, operator and developer of full and select-service hotels, today announced the 93-room Airdrie Inn & Suites has converted to the Fairfield by Marriott Inn & Suites Airdrie. Situated at 911 Highland Park Cove the rebranded property now offers the amenities and services consistent with the Fairfield by Marriott brand. Fairfield by Marriott Inn & Suites Airdrie is located 20 kilometers from the Calgary International Airport and just a short drive from downtown Calgary and all of its entertainment options. It offers guests convenient access to Iron Horse Park, N...
IHG Signs With XECO Media to Bring Holiday Inn Resort to Karjat, Maharashtra
IHG | December 18, 2023
The new-build resort with 150 keys will open its doors to guests in 2027 18 December 2023, New Delhi: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with XECO Media LLP to bring a new Holiday Inn Resort to the city of Karjat, Maharashtra. Set to open in 2027, the resort will add 150 keys to IHG’s portfolio in the state. The signing is a strategic move underscoring IHG's commitment to providing diverse and exceptional hospitality experiences across leisure destinations in the country. The new-build resort will be situated in the resort town of...
CapitaLand Ascott Trust Divests Three Hotels in Japan for JPY10.7 Billion ($69.9M US)
December 18, 2023
Transaction is part of CLAS’ active portfolio reconstitution strategy to deliver sustainable returns to Stapled Securityholders Singapore, 18 December 2023 – CapitaLand Ascott Trust (CLAS) is divesting three hotels in Osaka, Japan to an unrelated third party for a total of JPY10.7 billion (S$99.8 million[1]). The three properties are Hotel WBF Honmachi, Hotel WBF Kitasemba East and Hotel WBF Kitasemba West. The three properties will be divested at about 15% above book value[2]. Net proceeds of the divestment are expected to be about JPY3.9 billion (S$36.4 million) and CLAS will recognise a net gain of JPY1.1 billion (S$10.1 million...
Hospitality Financial Leadership: Explaining Accounting
David Lund | December 18, 2023
By David Lund No one can explain accounting. I have some pretty crazy situations presented to me by potential clients. I say crazy and I what that means is that it is almost unbelievable that anyone would find themselves in such a mess with their business and their books. I also say potential client. Almost always it is never going to be a client, but because I am out there – and in order to find real customers – I must kiss a lot of frogs. I am not complaining. To the contrary I am only too happy to speak with just about anyone who has a problem and thinks I can help. I provide a service and in order to get a paying cl...
GL Rogers and Company and Maine Course Hospitality Group Acquire the Four Points by Sheraton in Greensboro, North Carolina
Maine Course Hospitality Group | December 18, 2023
PORTSMOUTH, NH -- GL Rogers and Company, a local leader in the commercial real estate and hospitality industries, and Maine Course Hospitality Group, an award winning leader in hospitality management, proudly announce the successful acquisition of the Four Points by Sheraton Hotel in Greensboro, North Carolina. This strategic move marks a significant expansion in GL Rogers and Company's portfolio, solidifying its commitment to investing in thriving communities and building upon its legacy of providing exceptional guest experiences through Maine Course Hospitality Group. Under new ownership, the Greensboro Four Points by Sheraton will be ma...
HSMAI Announces Intercollegiate Global Conference and Collegiate Case Competition
HSMAI Foundation | December 18, 2023
McLean, VA (Dec. 18, 2023) – The Hospitality Sales & Marketing Association International (HSMAI) Foundation announces the 2024 Intercollegiate Global Conference: A World of Opportunity which will take place February 5-9, 2024. The virtual event is a unique opportunity for hospitality students and faculty to gain valuable insights and connect with top industry professionals. Undergraduate and graduate students who share passion for hospitality marketing are also encouraged to submit entries for the HSMAI Foundation Global Collegiate Case Competition. Conference attendees will hear from guest speakers from leading industry brands ...
Hotel Market Report: Asia’s Path Forward in 2024
HotStats | December 15, 2023
By Tareq Bagaeen Earlier this week I was talking to a regional commercial head of Asia for one of the world’s largest hotel chains and the view forward into 2024 is one of concern, to say the least. At the moment, the hotel benchmarking data look goods; for many destinations within this region, 2023 was a record year both in terms of topline revenue as well as Gross Operating Profit (GOP). Expectations are significant for the coming year; thus, the higher than usual level of apprehension. Let us start with the GOP king of Asia, and, all the world: Maldives. A destination that has a GOP figure of just under 300 USD per...
10 Hotel Trends to Watch in 2024
Pedro Colaco | December 15, 2023
By Pedro Colaco In the aftermath of a robust resurgence in the travel industry throughout 2023, hotels are gearing up for a transformative 2024, marked by shifting consumer preferences and the rise of cutting-edge technologies to help hotels address increasingly complex consumer and operational demands. This article explores the top 10 trends poised to redefine hotels and the wider travel and hospitality landscape in the coming year. 10 Hotel Trends to Watch in 2024 As we gear up for the new year, we foresee that a number of trends that arose in 2023 will continue to be critical for hotels in 2024. Hotels will continue to prioritize sus...
Event Space Revenue Analytics: The “Marriage” of Revenue Management and CRM
Dan Skodol | December 15, 2023
By Dan Skodol An area of opportunity where the three commercial disciplines converge more so than others is event space. Like hotel rooms, restaurant seats, spa treatment rooms, and other types of time-based, perishable inventory, event space shares many of the conditions that are conducive to the application of Revenue Management: Relatively low variable cost, relatively high fixed cost structure Seasonal, varying demand levels Flexible pricing structure Advance reservations Fixed capacity On top of these ideal conditions, add a focused, funnel-driven, outbound Sales effort that arguably doesn’t exist for something l...
Global Travel and Tourism Sector Deal Activity Down by 32.7% YoY During January-November 2023, finds GlobalData
GlobalData | December 15, 2023
A total of 666 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the travel and tourism sector globally during January-November 2023, which is a year-on-year (YoY) decline of 32.7% compared to the announcement of 989 deals during the same period in the previous year, finds GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The global travel and tourism sector persistently exhibited a declining trend in deal activity throughout the year. Geo-political tensions, ongoing wars and associated macroeconomic challenges largely affected th...
WTTC’s ‘Hotel Sustainability Basics’ Ends 2023 on a High
The World Travel & Tourism Council | December 15, 2023
More than 1,300 hotels verified so far Industry titans agree three-stage hotel sustainability initiative London, UK: The World Travel & Tourism Council’s (WTTC) Hotel Sustainability Basics is set to end if first year on a high with more than 1,300 hotels verified, across more than 30 countries from around the world. The Hotel Sustainability Basics is an independent global sustainability verification programme, overseen by internationally recognised verifiers, Green Key and SGS. The aim is for hotels around the world, regardless of their size, to follow a 12 step programme to reduce carbon emissions, protect and promote ...
Hyatt Centric Gaoxin Xi’an Opens in the Heart of the Xi’an Hi-Tech Zone
Hyatt Centric | December 15, 2023
CHICAGO (December 15, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Centric Gaoxin Xi’an, a lifestyle hotel located ideally for travelers to immerse themselves in the heart of the action in the vibrant Xi’an Hi-Tech Zone. The hotel – featuring 231 stylish guestrooms including 11 spacious suites with balconies – offers both an ideal stay for business guests and is located within walking proximity to the central business district. Distinct of the Hyatt Centric brand, Hyatt Centric Gaoxin Xi’an is a perfect launchpad for savvy, adventurous leisure travelers looking to explore all that the histori...
