The Winners and Losers in the Pandemic? It Came Down to This.
HotStats | December 20th, 2021
INTELITY Named Both Best Hotel Digital Key and Best In-Room Tablet Provider in 2021 by World Travel Tech Awards
INTELITY | December 16th, 2021
News Archive: December
Raffles London at The OWO to Open in Late 2022
Raffles London at The OWO | December 13, 2021
London - December 13, 2021 - Raffles Hotels & Resorts and Hinduja Group are delighted to announce ‘Raffles London at The OWO’ opening from late 2022, a grand new hotel in the landmark Grade II* listed former Old War Office on Whitehall. The building will open to the public for the first time, having undergone a monumental transformation to create 120 rooms and suites, 85 unique branded residences and 11 destination restaurants and bars. Located at one of London’s most historically significant addresses, the UK’s first Raffles hotel will have an extensive wellness space featuring world leading spa and fitness partners and will be ...
2022 Top Hospitality Industry Trends
EHL Insights | December 7, 2021
What are the latest trends in the hospitality industry? It goes without saying that the pandemic and ensuing economic downturn greater than the 2008 recession and chaos caused by fluctuation in demand have had a significant impact on hospitality throughout 2020 and 2021 - no doubt with lingering effects. Some innovative responses to this extraordinary situation like attempting to entice patrons back into food and beverage outlets and assure holidaygoers that it is indeed safe to enjoy a hotel stay, have accelerated existing hospitality industry trends and triggered lasting change. Meanwhile, there has been a shift in society, partly ...
Top 7 Drink Trends in 2022
EHL Insights | December 23, 2021
After years marred by a global public health crisis, many of us are lapping up in-person social gatherings with friends, family and colleagues. Morning catch-ups over coffee, afterwork happy hour at the favorite waterhole or weekend drinks in town had mostly been replaced with coffees-to-go, virtual apéros, or alfresco drinking in winter like in summer. Consumers have become today their own baristas and bartenders, imbibing alone at home or at a distance outside. So how, and with what, will we quench our thirst? Here is EHL's selection of the top drink trends in 2022. In this pandemic-era, there is no doubt that the megatrends fo...
New Dual-Brand AC Hotel by Marriott and Element by Westin to Open in the Brickell Area of Miami
Robert Finvarb Companies | December 20, 2021
MIAMI, FL – December 20, 2021 – The Robert Finvarb Companies of Miami, Florida and Concord Hospitality of Raleigh, North Carolina today announced the opening of the uniquely designed, dual-branded 156-room AC Hotel by Marriott and 108-suite Element by Westin in the Brickell neighborhood of Miami. The properties will share an outdoor rooftop pool, a well-equipped fitness center, 4,683 square-feet of versatile event space and a rooftop bar & lounge - Rosa Sky, which is managed by The Restaurant People and offers a lite food menu and an elevated cocktail program. Rosa Sky is scheduled to debut in Q1 2022. Located at 115 SW 8th St...
Understanding PIP Requirements Can Make or Break a Hotel Investment
Lauren Cicero | December 10, 2021
By Lauren Cicero NORTHBROOK, IL - December 10, 2021 - Stay-in-place orders, travel restrictions, and cancellations intended to control the spread of COVID-19 caused a severe drop in hotel occupancy and revenue. Even the best marketing has not prevented the most enticing hotels from becoming victims of the pandemic. Famed names like the Renaissance Grand & Suites Hotel in St. Louis, the iconic Fairmont Hotel in San Jose, Washington, D.C.’s century-old Marriott Wardman Park, and The Blakely New York have all fallen into bankruptcy. More hotel bankruptcies may be on the horizon as lenders lose patience with defaulting property...
A Flurry of Hotel Tech Company Mergers and Acquisitions Marks the End of 2021
Fran Worrall | December 2, 2021
By Fran Worrall Since early 2020, the hospitality sector has witnessed a sea change. The worldwide disruption triggered by the COVID-19 pandemic forced almost every technology company in the industry to review their portfolios, reassess their strategies and redirect resources into areas with the greatest growth potential. Some businesses became targets for opportunistic deals, while others struggled to operate in ‘new normal’ mode. Yet for companies with solid balance sheets and a willingness to take calculated risks, the pandemic provided unprecedented opportunities for growth through mergers and acquisitions. Mergers enabled some ...
KSL Capital Partners Acquires Luxury Hotel Portfolio From Davenport Hotels in Spokane, WA
KSL Capital Partners | December 9, 2021
SPOKANE, WA - December 9, 2021 - KSL Capital Partners, LLC (KSL) announced today a definitive agreement under which an affiliate will acquire the privately held Davenport Hotels from Walt and Karen Worthy, who assembled the portfolio of the five top luxury, convention, business and leisure hotels in Spokane, WA over the past two decades. Terms of the off-market transaction will not be disclosed. The transaction is expected to close within the next 30 days. Upon completion of the sale, Davenport Hotels will continue to build on the legacy established by the Worthys, who plan to retire, and operate under the continued leadership of Lynnelle ...
IQware Inc Acquires Megasys Hospitality Solutions
IQware Inc | December 20, 2021
IQware strengthens its position in the Alternative Lodging Market and acquires Megasys Hospitality Solutions. Laval, Quebec, Canada. IQware Inc, a leader in the Independent Market of Hospitality Technology providers, has acquired Megasys Hospitality Solutions, a Hospitality Property Management Software company that provides a robust guest-centric application for managing Hospitality accommodation properties. The move to acquire Megasys Hospitality Solutions commenced in the summer of 2021 after IQware Inc. raised capital from its new co-owner and Director Mr. Doug Skrepnek. Mr. David Perkins – CEO and Partner says “Doug and I clearl...
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