Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Finance & Development
Pyramid Hotel Group Opens DoubleTree by Hilton Manchester Downtown in New Hampshire Following Multi-Million Renovation and Rebranding
Pyramid | October 25, 2018
MANCHESTER, N.H. - Following a multimillion-dollar revitalization project, Manchester's iconic venue for business travelers, presidential candidates, weddings, conventions and business events opens today as DoubleTree by Hilton Manchester Downtown. The DoubleTree by Hilton Manchester Downtown team, Manchester Mayor Joyce Craig and representatives from the Greater Manchester Chamber of Commerce took part in a ceremony today to unveil the new DoubleTree by Hilton sign and introduce the hotel to the community. Along with renovated guest rooms, a reconfigured lobby and a Hilton Honors Executive Lounge, the new DoubleTree by Hilton Mancheste...
Revenue Management of the Future Will Require a Human, a Computer and a Dog: The Role of Humans in the Future of Revenue Management
Klaus Kohlmayr | October 25, 2018
By Klaus Kohlmayr "Everything we love about civilization is a product of intelligence, so amplifying our human intelligence with artificial intelligence has the potential of helping civilization flourish like never before-as long as we manage to keep the technology beneficial." – Max Tegmark, President of the Future of Life Institute "In the organization of the future, there's a human, a computer and a dog…" – Dave Roberts, SVP Revenue Strategy and Solutions at Marriott International. In recent years, the technology adoption curve has increased steeply-the amount of data being generated is expe...
SiteMinder Partners With Hotel Management System Pioneer AutoClerk
SiteMinder | October 24, 2018
Dallas, USA – More than 1,500 hotels across North America now have the opportunity to enrich their distribution and revenue management strategy, thanks to a new partnership between two hospitality technology leaders – SiteMinder and AutoClerk. SiteMinder, the global hotel industry's leading guest acquisition platform, and AutoClerk, one of country's most enduring property management system (PMS) companies, have developed a sophisticated interface between their two platforms that will help mutual hotel customers enhance the online distribution of their rooms and thereby grow their revenue. AutoClerk's president, Gary Gibb, ex...
Midas Hospitality Set to Open Dual-Branded Residence Inn and Courtyard Hotel in St. Louis, Missouri
Midas Hospitality | October 23, 2018
(St. Louis, Mo., Oct. 24, 2018) While Midas Hospitality has multiple hotels in 14 states throughout the country, the latest property – its 15th in Missouri – was built practically in its very own backyard. The dual-branded Residence Inn and Courtyard by Marriott will open its doors Oct. 26 at 12815 Daylight Dr. in West County. The four-story, 136,000-square foot hotel is located at Manchester Rd. and I-270. The hotels were developed and are owned by the Roberts' families, principals of Commercial Development Company, Inc., who have owned the former quarry property for more than 25 years. The 101-room Residence Inn and the 11...
Autograph Collection Hotels to Welcome Sankara Nairobi Marking the Debut of the Brand Into Kenya
Autograph Collection Hotels | October 23, 2018
NAIROBI, Kenya, October 23, 2018 -- Autograph Collection Hotels (www.AutographHotels.com), Marriott International's (www.Marriott.com) distinctive collection of passionately independent hotels, announced that it will soon debut the brand into Kenya with Sankara Nairobi (www.Sankara.com) slated to join the brand's diverse and distinguished portfolio of over 150 independent hotels around the world. A hallmark of hospitality in Kenya's capital city, the Sankara Nairobi shares the brand's values of vision, design and craft and its' exactly like nothing else mantra. Owned by Westlands Hotels Limited, the hotel is expected to be rebranded in ...
Hilton Debuts New Hostel-Inspired Brand, Motto
Hilton | October 23, 2018
MCLEAN, Va. - Hilton (NYSE: HLT) today announced the launch of Motto by Hilton, its newest affordable lifestyle brand that will empower guests by giving them the freedom to create their own experiences in the world's most sought-after cities. As Hilton approaches its 100th anniversary, it continues to pioneer the hospitality landscape with a new brand to address the needs and desires of the evolving global traveler. "Hilton prides itself on being a leader in the hospitality industry and evolving with the needs of our guests," said Christopher J. Nassetta, president and CEO, Hilton. "Innovation is in our DNA, and as we embark on our 100t...
The Innovative Hotels That Are Making Travel Better in 2019
Alan Young | October 18, 2018
By Alan Young Witnessing the gradual advancement and disruption of technology and services is an exciting, and sometimes industry-altering concept, as our world continues to evolve at a seemingly rapid pace to meet modern demands. Generations today know (and love) the likes of Netflix and Crave TV, for example, but many of us also remember the popularity of Blockbuster video — a formerly successful business model which now, doesn't even exist. And those of us who used to cling enthusiastically to our flip phones whilst playing 'Brick Breaker', likely upgraded to iPhones with their robust connectivity capabilities and e...
Hilton Signs Management Agreement With Kitz Immobilieninvest to Open Grand Tirolia Hotel Kitzbuhel, Curio Collection by Hilton
Curio Collection by Hilton | October 18, 2018
KITZBUHEL, Austria and MCLEAN, Va. - Hilton (NYSE: HLT) today announced the signing of a management agreement with Kitz Immobilieninvest GmbH to open Grand Tirolia Hotel Kitzbuhel, Curio Collection by Hilton. The 81-guest room hotel will be Hilton's first hotel in the resort town of Kitzbuhel. Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton said: "Kitzbuhel is one of the leading Alpine resorts. A renowned sporting and year-round destination, Kitzbuhel hosts a number of high profile events, including the famous Hahnenkammrennen ski race and the Austrian Tennis Open. We look forward to officially welcoming guests to G...
IHG Relaunches Regent® Hotels & Resorts Brand and Signs With Formosa International Hotels for First Property Since Acquisition
IHG | October 18, 2018
IHG® (InterContinental Hotels Group) has today announced a signing for its Regent® Hotels & Resorts brand in Kuala Lumpur, Malaysia, alongside its relaunch of the brand that set the standard for luxury hotels. IHG announced the acquisition of a majority stake in Regent Hotels & Resorts in March, bringing the much-loved brand into the top end of its portfolio, and increasing IHG's presence in a fast-growing luxury segment worth $60bn. IHG has worked quickly to combine its expertise in luxury with Regent's deep heritage and revered legacy, and through consumer research and feedback from owners and industry experts, has evo...
Raj Patel Hospitality to Open Fairfield Inn & Suites by Marriott in Tyler, Texas
Fairfield Inn & Suites | October 18, 2018
The 88-room Fairfield Inn & Suites by Marriott in Tyler, Texas is set to open on Monday, October 22, 2018 with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 309 West Heritage Drive, the Fairfield Inn & Suites Tyler South will operate as a Marriott franchise, owned by Raj Patel Hospitality and managed by Hotel Equities of Atlanta, Georgia. General Manager Peter Wagner and Director of Sales Heather Trammell lead the management team at the property. The Fairfield Inn & Suites Tyler South offers guests convenient access to The Village at Cumberland Park, Kiepersol Winery an...
The Peabody Memphis Installs Aptech PVNG Cloud Accounting to Simplify Processes
Aptech Computer Systems, Inc. | October 17, 2018
PVNG Hotel Accounting Software is Easy to Learn and Use; Fast Response Time Gets Jobs Done Quickly PITTSBURGH, October 17, 2018 – Aptech Computer Systems announced that The Peabody Memphis upgraded its back office financial system to cloud-based PVNG Enterprise Accounting to simplify accounting operations and safeguard data in the cloud. The landmark 464-room Memphis luxury hotel was named the 2018 'Best Historic Hotel' in USA TODAY's 10Best Readers' Choice Awards. Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise hotel accounting software systems. Click here for more o...
Continental Real Estate Developers and Affiliates of Concord Hospitality Enterprises Set to Open New Dual-Branded SpringHill Suites and TownePlace Sui
SpringHill Suites by Marriott | October 16, 2018
Columbus, Ohio – October 16, 2018 – Marriott International, Inc. today announced that a combined 122-suite SpringHill Suites and 140-suite TownePlace Suites hotel in Columbus, Ohio will open this Thursday, October 18, 2018. Located at 4048 Morse Road, the hotel ownership is a joint venture between Continental Real Estate Developers and affiliates of Concord Hospitality Enterprises of Raleigh, N.C. The four-story property will be managed by Concord Hospitality and will share 1,400 square feet of meeting space, a fitness center, an indoor swimming pool and a patio with Weber gas grills for guest comfort and convenience. Locate...
GCC Countrywide Hotel Performance Indicators
HVS | October 16, 2018
GCC countries have supported and grown inbound tourism in the last 15-20 years. The GCC region continues to drive growth and investment opportunities and HVS remain confident that accommodated room night demand will grow despite the aggressive development pipeline. GCC Countrywide Occupancy Historic (1998-2017) and Forecast – 5 Year Average 5 Year Average GCC Countrywide Occupancy with HVS Forecast Source: HVS Research A number of demand generators will induce additional room nights in each of the GCC countries over the next 5 and 10 years. Specifically, we forecast occupancy in Qatar to average 66% on account of the ongoing deve...
Two Roads Hospitality Appoints Martin Smith as Managing Director of El San Juan Hotel in Puerto Rico
El San Juan Hotel | October 16, 2018
SAN JUAN, Puerto Rico (October 16, 2018) – El San Juan Hotel, Curio Collection by Hilton is excited to announce the appointment of Martin Smith as Managing Director of El San Juan Hotel, a premier luxury lifestyle hotel in Puerto Rico. As the new Managing Director, Smith will bring over 25 years of experience in the hospitality and tourism industry to the landmark 388-room property. Prior to joining the El San Juan Hotel team, Smith was CEO and Managing Director of the St. Regis Bahia Beach Resort and Golf Club in Rio Grande, Puerto Rico. In this executive position, Smith oversaw all aspects of that property, including its positio...
Hotel Budget Season: Design Your Most Profitable Channel Mix Strategy in 2019
Kristi White | October 16, 2018
By Kristi White, VP, Sales Engineering at The Rainmaker Group Travel customers have an unprecedented number of options to shop and book hotels, with new competitors constantly jumping into the distribution channel pool. Determining what inventory to sell through which channels has become a critical component in operating a profitable hotel. The industry is seeing online travel agencies (OTAs) with market values higher than many hotel brands and commissions rising at twice the rate of revenue growth.1 Despite these intimidating numbers, intermediary distribution channels should not be looked upon with enmity, but rather as key players in...
Luckey’s Management Opens SpringHill Suites by Marriott in Miramar, Florida
SpringHill Suites by Marriott | October 16, 2018
Marriott International announced that the SpringHill Suites by Marriott in Miramar, Florida is set to open. The 124-suite hotel, located at 10880 Marks Way, will operate as a Marriott franchise, owned and managed by Luckey's Management of Fort Lauderdale, Florida. The SpringHill Suites Fort Lauderdale/Miramar is located in the Miramar Park of Commerce and offers guests convenient access to Hard Rock Stadium-home to the Miami Dolphins, the Shops at Pembroke Gardens, the Miramar Cultural Center/Artspark and Pembroke Lakes Mall. Rates are seasonal. "As a brand opening a new hotel every 10 days on average, we are delighted that the SpringHi...
Hilton Signs With Tati Construtora e Incorporadora for 98-Room Canopy by Hilton São Paulo Jardins
Canopy by Hilton | October 15, 2018
SAO PAULO, Brazil and MCLEAN, Va. – October 15, 2018 – Today, Canopy by Hilton, Hilton's (NYSE:HLT) lifestyle brand, announces its first property in Latin America with the signing of Canopy by Hilton São Paulo Jardins, slated to open in late 2019. Owned by Tati Construtora e Incorporadora and managed by Hilton, the 98-room adaptive re-use hotel will introduce locals and travelers alike to the brand's guest-directed service and locally-authentic experience. "Boasting the largest economy in Latin America, Brazil has consistently been a focus market in our development plans while we've explored opportunities to introduce...
Hospitality Financial Leadership – Understanding RevPAR and RevPAR Index
David Lund | October 15, 2018
RevPAR and RevPAR index are different and I'm going to explain them both in this article. Let's start with RevPAR It is the cornerstone of the hotel world and rightfully so. It is the product of occupancy and rate smashed together. The acronym stands for "revenue per available room." In a simple example: If my hotel was 60 percent occupied last night and my average rate was $100, my RevPAR would be $60 (100 x .6). The other way to calculate this would be to take the total rooms in my hotel—in this example it is 500—and divide that by the total room revenue last night. At 60 percent that means I had 300 rooms occupied and I w...
GCC Hotel Development Cost Trends
HVS | October 11, 2018
Analyzing historical trends, the key reason behind escalating costs per key continues to be low in efficiency and utilization of space. Price per sqm of total built up area remains largely the same and therefore it is crucial that any design optimizes the turnover per sqm of built areas. HVS provides an indicative reasonable range of BUA per asset type. Hotel Development Cost Source: HVS Research With the exception of Budget & Midscale Hotels which focus on efficient & flexible design, development cost per key for all other hotel classes have increased between 10%-20% since 2013, resulting in lower project returns. We consider ...
The Future of Revenue Management Is Not What It Used to Be
Dr.Gabor Forgacs | October 11, 2018
By Dr.Gabor Forgacs Not too long ago we thought the future of Revenue Management would be more data; faster processing capability; more revenue streams optimized; and more properties managed by one revenue professional. Now that the second decade of the 21st century is nearing its final year we can see that the "more" and "faster" will give way to something slightly different. How We Got Here The revenue profession in the hotel industry has grown up: there are revenue analysts, revenue managers, directors of revenue, even vice presidents and other executives – it is fair to say the revenue profession is emerging as a champion of p...
Avison Young Hospitality Group Discusses Recent Contracts
Avison Young | October 11, 2018
ATLANTA – October 11, 2018 – Avison Young Hospitality Group announced today that it has contracted on 12 separate hotel sales over the past several weeks. The properties include three full-service Marriott hotels. The sales also include seven select service hotels that include, three Marriott-branded assets, three Hilton-branded assets, and one Hyatt-branded asset. In addition, the firm has contracted for a historic hotel on the New England coast and a resort hotel and golf course in the north central US. In addition to the recently contracted hotels, the firm is running a call for offer process on 15 other assets within the...
Marriott International Expects to Expand Its Portfolio in the UAE to More Than 80 Hotels by 2023
Marriott International, Inc. | October 10, 2018
Marriott International continues to reinforce its position as a leading hospitality company in the UAE with the expected addition of 11 new properties by year-end and a robust development outlook over the next five years. Year-to-date, the company has added six new properties and is scheduled to add five more in the country – bringing its portfolio in the UAE to 59 properties and over 17,000 rooms across six Emirates by the end of the year. Two of the company's openings this year feature regional brand debuts – the eco-conscious Element Hotels brand, which opened earlier this year in Dubai, and the EDITION brand, which is sc...
Hotels to Face New Accounting Regulations That Could Impact Bottom Line
Clark Nuber | October 10, 2018
(Bellevue, Wash., October 10, 2018): Hotels, motels and inns should prepare now for changing accounting regulations that will impact how they recognize revenue. "These new Generally Accepted Accounting Principles (GAAP) may significantly impact the bottom line of hospitality businesses," said Julie Eisenhauer, a CPA and shareholder of Clark Nuber, PS, in Bellevue, Wash. "Although the new rules won't take effect for private companies until 2019 and 2020, businesses would be wise to start planning for them now." One significant change involves customer loyalty programs, which allow customers to acquire additional accommodations or service...
Hotel Equities and Tapestry Collection by Hilton Unveil Plans for Iconic United Artists Tower on Nashville’s Music Row
Hotel Equities | October 10, 2018
Tapestry Collection by Hilton to preserve landmark's historic significance, transforming famed UA Tower into vibrant hotel accommodations in the lively downtown Nashville market Atlanta, GA and McLean, VA – (October 09, 2018) Hotel Equities (HE), the hospitality industry's premier hotel management and development company, and Tapestry Collection by Hilton, revealed plans to transform Nashville's iconic United Artists Tower into an upscale, 185-room boutique hotel under Tapestry Collection by Hilton brand. The property, owned by Sai Ram 009 LLC, is located at 50 Music Square West in the heart of Nashville's famed Music Row in close...
