News Archive: October
Airbnb Guests Tend to Be Motivated by Low Cost, Use It as a Hotel Substitute: Ted Rogers School of Management Report
Ted Rogers School of Management at Ryerson University | October 7, 2016
Professor Daniel Guttentag, a professor with the Ted Rogers School of Hospitality and Tourism Management, is the author of a new report that examined the motivations of tourists to book Airbnb over other accommodations. Travellers who use Airbnb tend to be motivated by the service's practical benefits (low cost, convenient location, and household amenities), and usually rent entire homes rather than sharing the accommodation with a host, finds a new report released by Ted Rogers School of Management at Ryerson University. "This is one of the first studies of its kind to examine the motivations of Airbnb tourists," says Daniel Guttentag...
Beyond Tonight’s Occupancy What Every Great Hotel GM Knows
New Castle Hotels & Resorts | October 4, 2016
By Gerry Chase, President and COO, New Castle Hotels & Resorts A great hotel general manager is a diplomat, an accountant, a psychologist, an engineer, a janitor and a marketing maven, all rolled into one hospitable, can-do person who is eager to serve others. The best ones know they have one of the best jobs in the world and they have fun doing it. Here are a few other things every great hotel GM knows: 1. Owners' objectives. Sure, every owner or investor wants the hotel to make money, but beyond realizing an outstanding ROI, does the owner want the hotel to be the cornerstone of the community, or is it a real estate investment? I...
BookingSuite: A Lesson in Direct Revenue Strategy
Vikram Singh | October 19, 2016
By Vikram Singh Throughout my career in revenue optimization for the hospitality and travel industry, I have always stressed the importance of owning your digital assets. This means having control of your domain, your marketing campaign's analytics and history, and especially your website. As a strong supporter of open source technology, I have stepped in every time a marketing vendor ("expert") started trashing new and innovative options for hotels. Of course, vendors will always favor their outdated proprietary systems over new technology. They have made a huge investment and have to keep selling. But being tied to old technology is n...
The Emerging Trend of Total Hotel Revenue Management
Dr. Gabor Forgacs | October 11, 2016
By Alice (Chuyi) Zheng and Dr. Gabor Forgacs Revenue management seems to evolve towards total revenue management and hotels have begun to execute strategies using this concept. However, even though many hoteliers understand the importance of utilizing the total revenue management approach, in reality, few are making meaningful progress following this direction. We have studied some of the current practices and future trends of total revenue management in hotels and discussed them in our research paper for practitioners. This study was designed as a qualitative study utilizing a combination of both primary and secondary research. The rat...
The Kor Group and Stork/Alma Development Group Begin Construction on 148-Room Downtown LA Proper Hotel
The Kor Group | October 31, 2016
LOS ANGELES, CALIFORNIA (October 28, 2016) – The Kor Group, along with joint venture partner Stork/Alma Development Group, is proud to announce that the team has started construction on the Downtown LA Proper Hotel, a 148-room lifestyle hotel that will be managed and branded by luxury lifestyle operator Proper Hospitality. Financing provided by EB5 Capital, Bank of the Ozarks and Calmwater Capital. McGuire Builders is the general contractor and Kelly Wearstler is leading the interior design. The project, which was first announced in July 2015, is slated to open in Spring 2018. Housed in the former YWCA building on the Historic Bro...
Dual-Branding Hotel Trends
Colliers International | October 5, 2016
by Matthew Mintier While dual-branding a hotel is not new, its popularity among developers has definitely taken off in the last few years. Today there are fewer than 100 dual-branded hotels in the United States. Based on data collected from Hotel Market Data, there are currently 46 dual-branded hotels under construction in the US, with another 41 in the planning stages that will likely begin construction within the next 12 months. Dual-branded hotels, also known as two-in-one hotels, are simply two branded hotels generally in a single structure run by the same operator. However, the choices faced by developers and operators can be anyth...
Set to Open in 2020, Jabavu Village Developing $110 Million Hilton Nairobi Upper Hill in Africa’s Tallest Development
Hilton Hotels & Resorts | October 7, 2016
NAIROBI, Kenya, October 7, 2016 -- Hilton Worldwide (NYSE:HLT) (www.HiltonWorldwide.com) has signed a management agreement with Jabavu Village Ltd to open a 255 guest-room and suite hotel in Kenya's capital. The hotel is set to open in 2020 and joins 50 Hilton Hotels & Resorts properties trading or under development in 17 countries across Africa. "In recent years Upper Hill has grown to become a hub for international businesses and organisations, with a number of embassies and organisations setting up their regional offices in the district, including Cisco Systems, World Bank and the IMF," said Patrick Fitzgibbon, senior vic...
How the Marriott-Starwood Merger Will Affect Every Stakeholder in the Hotel Industry
Jim Butler | October 4, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Most of the people we talk to in the hotel industry believe that consolidations, such as the recent Marriott-Starwood and Accor-Fairmont mergers, will have a big effect on their own hotel investments and other stakeholders in the hotel industry. JMBM's Global Hospitality Group® would like to know what you think about these events. Please click on the link below to tell us how these mergers will impact your business with this 6-question survey that should take you less than 3 minutes to complete. Click here to take our survey. We will s...
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