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Robot AI Startup Physical Intelligence Raises $400 Million From Bezos, OpenAI

November 4th, 2024

Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash

November 4th, 2024

Bunkhouse Unveils Plans for Hotel Daphne in Houston, Texas

Bunkhouse | September 27, 2023

Houston, TX (September 27, 2023) – Bunkhouse, the Austin-based hospitality company known for its commitment to design, music, and authentic community-driven experiences, is unveiling today plans for its latest boutique, Hotel Daphne, scheduled to welcome guests in early 2025. This addition marks Bunkhouse's second hotel project in Houston, following the highly anticipated opening of Hotel Saint Augustine in Montrose’s Museum District in the fall of 2024. Centrally located at 347 West 20th Street, Hotel Daphne will be nestled within the historic Houston Heights neighborhood near the bustling 19th Street shopping district, known for its lo...

Shashi Hotel Mountain View Promotes Justin Rodriguez to General Manager

Shashi Hotel Mountain View | September 27, 2023

MOUNTAIN VIEW, CALIFORNIA (September 27, 2023) – Shashi Hotel Mountain View, a modern lifestyle hotel located in the heart of Silicon Valley, is pleased to announce the appointment of Justin Rodriguez as General Manager. A native of the Bay Area, Justin has remained an asset to the Shashi Group team since July 2019, where he previously held the role of Director of Food and Beverage, managing all dining outlets of the hospitality group. In this new role, Justin will oversee the property’s day-to-day operations, sales, and marketing and will continue to ensure that Shashi Hotel’s top-notch guest experience prevails. “We are thrilled ...

Hotel Dena, Pasadena Los Angeles, a Tribute Portfolio Hotel Opens in California

HOTEL DENA | September 27, 2023

PASADENA, CA – September 26, 2023 – Hotel Dena, Pasadena Los Angeles, a Tribute Portfolio Hotel has officially opened its doors. The 311-room hotel is designed for those with an imaginative spirit, featuring touchpoints of art, dance, music, and culture. The hotel is ideally located in the heart of downtown Pasadena’s creative scene, just steps from iconic institutions like the Pasadena Civic Auditorium, Pasadena Convention Center, and Old Town Pasadena, and it is only 20 minutes from the Hollywood Burbank Airport. Hotel Dena is part of the Tribute Portfolio – part of Marriott Bonvoy’s global portfolio of 31 extraordinary hotel...

PolyU School of Hotel and Tourism Management Partners With World Travel and Tourism Council To Define the Future of Global Retail Tourism

PolyU’s School of Hotel and Tourism Management | September 27, 2023

The School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University has joined hands with the World Travel and Tourism Council (WTTC) to support the sustainable development of global tourism. Undertaken collaboratively by teams from the SHTM’s Hospitality and Tourism Research Centre and the Council, the WTTC–SHTM Global Retail Tourism project offers critical data-driven insights into the key trends, challenges and opportunities shaping retail tourism in the post-pandemic era. Although travellers collectively spend billions of dollars every year on shopping, to date there has been a lack of an accurate estimate ...

FLYR Delivers Fast, Accurate Forecasting for Hospitality

FLYR | September 27, 2023

With new Forecasting for Hospitality, hotels can efficiently create and share monthly segment-level forecasts for every property Los Angeles – September 27, 2023 – FLYR, the pioneer of the Commercial Operating System for travel and transportation, today introduced Forecasting for Hospitality, furthering its investment in the hospitality industry since the acquisition of Pace Revenue (now FLYR for Hospitality). With the new Forecasting for Hospitality features, hotel revenue, finance, and operations teams can create, manage, and share forecasts with greater speed, ease, and accuracy. “On the heels of introducing FLYR for Hospital...

Ditch Your Legacy System: A Case for Making Your Hotel PMS a Strategic, Profit-Generating Asset

Steve Lapekas | September 27, 2023

By Steve Lapekas “You have to spend money to make money” – this advice that most of us will encounter at some point in our lives, especially regarding business. But as any successful business owner can surely tell you, strategically spending money is only half of the equation. In fact, most books or experts that promise to provide an easy-to-follow blueprint to financial success will inevitably start with one critical suggestion: save money and avoid unnecessary spending and debt. Simply put, “you have to save money to make money.” This becomes even more imperative when we focus on industries that historically operate on razor-th...

The Annual Gathering for Boutique Hotel Owners Scheduled to Meet in October

BLLA | September 27, 2023

Charting the Future: Global Boutique Hospitality Industry Convenes to Strategize New Era of Hotel Ownership Los Angeles, CA - September 27, 2023 - The Boutique Lifestyle Lodging Association (BLLA) proudly presents the 12th iteration of the esteemed Boutique Hotel Owners Conference, slated for October 10-11, 2023. This year, the Westlake Village Inn in Los Angeles will play host to a transformative retreat-style experience, captivating attendees from start to finish. The Boutique Hotel Owners Conference, brought to you by the official global association founded in 2009, serves not only as a cornerstone for independent, boutique hotels an...

U.S. Travel to Induct Elliott L. Ferguson, II, Peter Herschend Into Travel Industry’s Hall of Leaders

U.S. Travel Association | September 27, 2023

WASHINGTON — September 27, 2023 — Travel industry leaders Elliott L. Ferguson, II, president and CEO of Destination DC, and Peter F. Herschend, co-founder of Herschend Enterprises, will be honored as the 2023 inductees into the U.S. Travel Association Hall of Leaders, the organization announced Tuesday. "Elliott and Peter each have created a lasting impact across the travel industry while successfully leading organizations that better the communities they serve," said U.S. Travel Association President and CEO Geoff Freeman. "We are proud that both will receive U.S. Travel's highest honor this year in recognition of their invaluable co...

Double Digit Growth in Global Hospitality Industry for Q4, With Europe Leading the Way

AMADEUS | September 27, 2023

2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023. According to new Demand360® business intelligence data from travel technology leader Amadeus, global hotel occupancy levels up to the end of August 2023 have been an average of 10% ahead of 2022. For the fourth quarter of 2023, worldwide on-the-books occupancy data reveals that reservations are trending 11% ahead of those seen in 2022. In a further boost to hoteliers, global revenue pe...

Knowland Account Alerts Feature Uses Push Intelligence to Provide Hotels With a Competitive Advantage in Account-Based Sales

KNOWLAND | September 27, 2023

Enhanced functionality delivers at-a-glance actionable data directly to sales team inboxes ARLINGTON, Va. — Sept. 27, 2023 — Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, announced Account Alerts, an enhancement to its core platform. The delivery of automated email alerts once a day helps sales teams save time, stay informed, and react early to revenue opportunities. Consolidated email notifications will be pushed to the user anytime recent account activity matches the individual filters set by the user. Today’s analytics platforms focus heavily on pull intellige...

Analyzing MGM and Caesars Cyberattacks: Lessons in Cybersecurity Preparedness

Mark Munger | September 26, 2023

By Mark Munger In the wake of recent cyberattacks targeting industry giants MGM Resorts and Caesars Entertainment, it’s imperative to examine both the commonalities and disparities in these incidents. These high-profile breaches offer valuable insights into the ever-evolving realm of cybersecurity threats within the gaming industry. Furthermore, they underscore the importance of proactive cybersecurity measures and preparedness. General Considerations Before delving into the specifics of these cyberattacks, it’s essential to emphasize the significance of proactive cybersecurity measures. Post-breach recovery efforts are undoubted...

Timothy Caspare Appointed Executive Chef at The Vanderbilt, Auberge Resorts Collection

The Vanderbilt, Auberge Resorts Collection | September 26, 2023

September 26, 2023 - The Vanderbilt, Auberge Resorts Collection, the iconic mansion in Newport, Rhode Island, is pleased to announce the appointment of Timothy Caspare as Executive Chef. With almost two decades of industry experience, Chef Caspare has served as a chef across various international cities and Michelin Star restaurants joining the team from Pasquale Jones in New York City. Caspare has held head chef positions throughout New York and California, including Research and Development Chef at Blue Hill at Stone Barns, Chef de Cuisine at Quince Restaurant, and Sous Chef at Eleven Madison Park. With this influence, Caspare brings ...

Fall Break and Homecoming Scheduling Provides Hotel Demand Opportunities Across the U.S.

STR | September 26, 2023

Analysis by Brannan Doyle School is now fully in session in the U.S., and upcoming fall schedules are the first opportunity this season for hoteliers to capitalize on an influx of traveling students and their families. More specifically, the hotel industry can plan on peak fall break demand during the first half of October 2023. Fall break, already STR’s thorough database of public school districts showed 11 September to be the latest K-12 start date of the year—except for those districts delayed due to contract disputes. Those starting during the second week of September were fringe cases as comparisons with a similar dat...

Le Meridien Houston Downtown Appoints Daniel Tabares as General Manager

Le Meridien Houston Downtown | September 26, 2023

HOUSTON (September 26, 2023) – Le Meridien Houston Downtown announces the appointment of Daniel Tabares as general manager. With 20 years of experience in hotel operations and extensive knowledge of the Houston market, Tabares will oversee the day-to-day functions of this Downtown Houston AAA Four-Diamond Hotel, including team member development, revenue management, maintaining outstanding guest satisfaction and more. “I’m excited to bring the team here at Le Meridien my many years of hotel management expertise and proficiency that will only elevate the current goals and aspirations of the hotel,” says Daniel Tabares. “I take pr...

Courtyard by Marriott Washington Capitol Hill/Navy Yard Debuts Comprehensive Renovation

Courtyard Washington Capitol Hill/Navy Yard | September 26, 2023

Modern design and upgraded amenities enhance the guest experience at storied Washington D.C. hotel Washington, D.C. – Sept. 25, 2023 – The Courtyard by Marriott Washington Capitol Hill/Navy Yard, an inspired urban destination managed by HHM Hotels in the heart of the city’s vibrant Navy Yard neighborhood, today announced the completion of a comprehensive property renovation. Offering a refreshed aesthetic, upgraded amenities and enhanced meetings and events capabilities, the renovation ushers in the next chapter of the property’s story. “The needs of today’s traveler continue to shift and this renovation presented an opportu...

Island Hospitality Management Selected to Operate 114-Room SpringHill Suites Truckee

Island Hospitality | September 26, 2023

WEST PALM BEACH, Fla., September 26, 2023 — Officials of Island Hospitality Management, the premier third-party management company for select-service and upscale, extended-stay hotels, announced that the company has been named the operator of the 114-room Springhill Suites Truckee. The property is owned by Mission Hill Hospitality, a leading select service and extended stay hotel investor. “We are extremely excited to add another premier hotel in California, strategically positioned in a region that enjoys the advantages of diverse activities and attractions,” said Gregg Forde, president and COO, Island Hospitality Management.  “W...

Mission Hill Hospitality Names Tom Barber as Chief Financial Officer

Mission Hill Hospitality | September 26, 2023

DENVER, CO – September 26, 2023: Mission Hill Hospitality, a leading select service and extended stay hotel investor, announced that Tom Barber has been named Chief Financial Officer, a newly-created position. Tom joined Mission Hill Hospitality as Managing Director of Acquisitions when the firm was launched in March 2021. Today, Mission Hill has built a high-quality portfolio of 33 premium select service and extended stay hotels across 16 states, particularly in markets driven by year-round education, medical, corporate and leisure demand. “I am delighted for Tom to step into this new role. He has been instrumental in Mission Hill Hos...

Navigating the Investment Terrain: Trends in GCC Hotel Development Costs

Hala Matar Choufany | September 26, 2023

By Hala Matar Choufany, Filippo Sona Welcome to the world of hospitality development, where unique developments and unforgettable moments come to life. We are thrilled to introduce you to our latest publication, "Navigating the Investment Terrain: Trends in GCC Hotel Development Costs" where we delve deep into the intricate world of hotel development costs, unveiling the secrets that impact project costs and hotel values. In this joint publication, we outline the main hotel development expenses and recent trends in hotel development and design. Whether you are a seasoned developer, an aspiring hotelier, or simply an enthusiast curious ...

Ifuru Island Maldives Officially Opens

Ifuru Island Maldives | September 26, 2023

26 September 2023: The Maldives’ most well-kept surprise opening, Ifuru Island Maldives, celebrated its official opening on 23 September 2023 with a special ribbon-cutting ceremony attended by the owners, the resort’s All-Star team and the very excited first official guests. A lush natural island boasting a 1km long stretch of white sandy beach with spectacular sunset views, the Ifuru Island concept brings unique and engaging experiences for guests seeking social connections and everything the Maldives has to offer in one place. ‘Island Vibe Boss’, Rochelle Kilgariff, commented: “Surprise! We’re absolutely thrilled to cele...

CapitaLand Ascott Trust Completes Divestment of Four Properties in Regional France for EUR44.4 Million

CapitaLand Ascott Trust | September 26, 2023

Singapore, 26 September 2023 – CapitaLand Ascott Trust (CLAS) has completed the divestment of four mature serviced residences in regional France to an unrelated third party for a total of EUR44.4 million (S$64.7 million[1]).  The four properties are Citadines Croisette Cannes, Citadines Prado Chanot Marseille, Citadines Castellane Marseille and Citadines City Centre Lille. The four properties were divested at 63% above book value[2] and net proceeds of the divestment is approximately EUR34.1 million (S$49.7 million).  The exit yield[3] is about 4% and CLAS received a net gain of approximately EUR1.2 million (S$1.8 million). Post-dive...

Le Méridien Tampa, The Courthouse Completes Extensive Renovation

Le Méridien Tampa | September 26, 2023

Tampa, FL [September 26, 2023] - Le Méridien Tampa, The Courthouse, a cherished registered historic building originally built in 1902, announces it unveiled an extensive renovation on Sep. 22. The extensive redesign was led by Saguez & Dash, and they strategically preserved the hotel's historical charm while infusing it with a fresh identity and a bright, modern aesthetic. "This renovation has truly been a remarkable journey," said Andrew Spicknall, General Manager at Le Méridien Tampa, The Courthouse. "I'm filled with excitement and pride as I witness Le Méridien Tampa emerge from this meticulous process, and I eagerly anticipate t...

NewcrestImage & Dabu Group Acquire Full-Service Marriott Dallas/Fort Worth Westlake in Texas

Newcrest Image | September 26, 2023

A joint venture of two Dallas-based companies – NewcrestImage and Dabu Group – has acquired the full-service Marriott Dallas/Fort Worth Westlake. The hotel features architecture by award-winning Mexican architect Ricardo Legorreta, who is known for his innovative use of bright colors, light and shadow, and geometric shapes. Newmark Lodging Capital Markets arranged the sale on behalf of the seller. The team was led by Vice Chairman Miles Spencer and Director Parker Sherrill. The Marriott is convenient to corporate offices, historic downtown Grapevine, and destinations such as the world headquarters of Charles Schwab Corporation, DFW ...

Thompson Palm Springs Appoints Quentin Garcia as New Executive Chef

Thompson Palm Springs | September 26, 2023

Aspiring Culinary Talent Returns Home to California Desert Bringing Levantine-Inspired Cuisine to the Table PALM SPRINGS, CA (September 26, 2023) – Thompson Palm Springs is pleased to announce the appointment of Quentin Garcia as its new Executive Chef. In his new role, Garcia will build on the concept of Thompson Palm Springs’ new and exciting mainstay restaurant, lead all front and back of house kitchen staff, and curate new and innovative programming for the budding culinary scene of Palm Springs. A budding culinary talent born and raised in Indio, Garcia returns to the Coachella Valley, bringing a thought-provoking menu of Levanti...

NTTO Updates U.S. States and Cities Visited Monitor to Calendar Year 2022

International Trade Administration | September 26, 2023

The International Trade Administration’s National Travel and Tourism Office (NTTO) has updated its U.S. States and Cities Visited Monitor, a data visualization tool highlighting overseas visitation to U.S. states and cities through interactive tables and maps, to calendar year 2022.  Highlights for 2022 include: Top state visited by overseas visitors: Florida (7,145,000) Top city-MSA visited by overseas visitors: New York City (6,992,000) Biggest # gain of overseas visitors from 2021: New York (+5,034,000) Biggest % gain of overseas visitors from 2021: Guam (+1,928%) Top 5 states’ combined market share: 90.8% of oversea...

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