The Carver Companies Launches Industry First, CARVER the App
Carver Companies | May 25th, 2022
Strength in Average Daily Rate Now Expected to Drive 2022 RevPAR Above 2019 Levels
PwC Hospitality Directions | May 23rd, 2022
News Archive: May
How High Labor Costs Are Taking a Toll on the Hospitality Industry
John Smallwood, President of Travel Outlook | May 4, 2022
The real impact on guests when hotels reduce services By John Smallwood, President of Travel Outlook May 2022 Over the last decade, labor costs have risen sharply. After the pandemic, labor shortages are plaguing businesses across the world, and the hospitality industry is no exception. Demand for workers has never been higher, yet universal labor shortages persist, causing problems for hotels, despite a sharp rise in travel. Two years removed from the pandemic; travel is back in a big way. Hotels everywhere are preparing for what is sure to be a record-breaking summer of travel, but they’re doing so with one hand tied behind their ...
The Ritz-Carlton, Tokyo Welcomes New General Manager, Xavi Gonzalez
Ritz-Carlton Tokyo | May 10, 2022
TOKYO, Japan (May 10, 2022) – The Ritz-Carlton, Tokyo is pleased to welcome Xavi Gonzalez as its new General Manger. Mr. Gonzalez will bring his wealth of experience in luxury properties across the globe, including more than 10 years in Asia, to lead the hotel. Born and raised in Barcelona, Spain, Mr. Gonzalez joins The Ritz-Carlton, Tokyo with over 20 years of experience in multi-faceted luxury properties within Marriott International. He first joined The Ritz-Carlton at Hotel Arts Barcelona, followed by The Ritz-Carlton Penha Longa Golf & Spa Resort in Portugal, before making his debut in Asia in 2011. During Mr. Gonzalez’s ten...
Lodging Market Should Recover Fully by 2023
CBRE Group, Inc. | May 31, 2022
Drive-to and Leisure Hotels Continue to Perform Best Dallas – May 31, 2022 – CBRE is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth. CBRE’s forecasts call for a full recovery in average daily rate (ADR) in 2022 and in demand and revenue per available room (RevPAR) in 2023. Despite headwinds from the Omicron variant, Q1 RevPAR reached $72.20, up 61 percent from year earlier. RevPAR growth was driven by a 39 percent increase in ADR)and a 16 percent increase in occupancy. ...
Paramount Lodging Advisors Arranges the Sale of the Sky Rock Inn – Sedona, Arizona
Paramount Lodging Advisors | May 2, 2022
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Sky Rock Inn located in Sedona Arizona on behalf of Yang Capital. The 108-room hotel located at 1200 W Highway 89 in Sedona, is situated atop the West Sedona hilltop affording the best 360-degree views in the market. The hotel was purchased by Dauntless Capital Partners, an investment firm that builds and invests in durable businesses throughout the hospitality, consumer healthcare, manufacturing, and industrial sectors. The hotel will continue to operate under the Sky Rock Inn brand as well as the Spoken lifestyle experience, a supplemental brand to deliver an enhance...
Highgate Debuts Residence Inn by Marriott San Juan Isla Verde in Puerto Rico
Residence Inn by Marriott | May 9, 2022
MAY 9, 2022 — CAROLINA, PUERTO RICO – Residence Inn by Marriott San Juan Isla Verde officially opens its doors today offering a prime location in the Isla Verde neighborhood, just five minutes from the Luis Muñoz Marin International airport (SJU) and steps from the renowned Isla Verde Beach. With a global presence of over 870 hotels in the U.S., Canada, Europe, the Middle East, and Caribbean & Latin America, Residence Inn is the world leader of the longer stay lodging segment, arriving for the first time in Puerto Rico. Operated by Highgate — a premier real estate investment and hospitality management company widely recognized...
Park Hyatt Chicago Plans July 2022 Opening Following $60 Million Renovation
Park Hyatt | May 5, 2022
CHICAGO, IL (May 5, 2022) – Park Hyatt Chicago announced today an expected summer 2022 reopening of the iconic property at 800 N. Michigan Avenue, with reservations now available to book for stays July 1, 2022 and beyond. The hotel’s $60M transformation will include the introduction of new suite categories and 23 new suite additions, reimagined guestrooms, thoughtful enhancements to the lobby and The Library experience, a refreshed curated art program, as well as updates to the food and beverage programs and destination spa. With its rich history as the original Park Hyatt branded property, Park Hyatt Chicago exhibits the epitome of l...
The Wall Street Hotel Appoints David Sandler as General Manager
The Wall Street Hotel | May 23, 2022
NEW YORK, NEW YORK (MAY 23, 2022) – The Wall Street Hotel is delighted to announce the appointment of David Sandler as General Manager. Mr. Sandler brings more than a two decades of hospitality experience, specializing in luxury hotel operations and renovations, to his role at the soon-to-open hotel. Mr. Sandler began his career at Denihan Hospitality Group in 2000 and returned several years later after pursuing roles at Hotel Giraffe, Casablanca Hotel and The Maritime Hotel. Starting in 2005, Sandler held a variety of hospitality positions with Denihan including Director of Rooms, Corporate Operations Manager, Regional General Manager, ...
Del Mar Beach Hotel Set for June Debut Following Multimillion-Dollar Renovation
Del Mar Beach Hotel | May 9, 2022
Del Mar, CA (May 4, 2022) – After undergoing a multimillion-dollar redesign, Del Mar’s only hotel on the beach has been transformed into Del Mar Beach Hotel, set to debut in June 2022. This modern California coastal boutique hotel boasts 46 elegantly appointed guest rooms and suites, as well as two residences, all drenched in light woods and ocean-inspired art and located just steps from Del Mar Village. The property is managed by Azul Hospitality Group, a San Diego based hospitality management company focused primarily on lifestyle hotels and resorts. "We can’t wait to welcome guests to our sophisticated coastal oasis here at Del...
