The Drayton Hotel Savannah Joining Curio Collection by Hilton
Curio Collection by Hilton | July 31st, 2023
Cloudbeds Announces Partnership With Vrbo
Cloudbeds | July 27th, 2023
News Archive: July
Hotel Heron to Open in Heart of Old Town Alexandria, VA in Early 2024
Hotel Heron | July 26, 2023
Adaptive reuse and thoughtful design brings new life to 1926 historic hotel, minutes from Washington D.C. ALEXANDRIA, Va. – July 25, 2023 – Opening in early 2024, Hotel Heron, a first-time partnership between Aparium Hotel Group, May Riegler Companies and Potomac Investment Properties, will transform the historic George Mason Hotel building in Old Town Alexandria, Va., just minutes from Washington D.C., into a vibrant social hub. Lauded as one of the finest examples of Colonial Revival architecture in the city, the building was originally constructed in 1926 and served as the George Mason Hotel for 45 years. It was one of the m...
Q2 2023 Major U.S. Hotel Sales Survey
Daniel Lesser | July 20, 2023
By Daniel Lesser Defying the expectations of many, the U.S. economy has demonstrated resilience driven in part by a solid employment report with stronger-than-expected wage growth during June, along with continued healthy levels of consumer spending. With this said, the U.S. economy has been slowed by the Federal Reserve’s aggressive drive to tame inflation through a series of interest rate hikes that began early last year. Although trending downward, with inflation remaining above its two percent target, the Federal Reserve is on track to raise interest rates again this month and mull another hike as soon as September. Despite elevate...
HVS U.S. Hotel Development Cost Survey 2023
Luigi Major, MAI | July 27, 2023
By Luigi Major, MAI Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room/per product type. INTRODUCTION After reaching an all-time low in 2020, attributed to the impact of the COVID-19 pandemic, the national lodging market quickly rebounded to an all-time revenue per available room (RevPAR) high in 2022. While occupancy levels in 2022 remained below 2019 levels, ADR exceeded 2019 levels that year, propelled by a combination of inflation and a surge of leisure travel in the post-COVID-19 era. Dat...
As Camping Popularity Surges, RV Resorts Look to Capitalize With Hotel-Like Comforts
Anthony DiPonio | July 12, 2023
By Anthony DiPonio, CHIA Summary Over the past several years, H&LA has seen a marked increase in interest from developers and investors in campgrounds and RV resorts. RV parks are rebranding as resorts as they add more amenities. Though camping is far from a new phenomenon, its uptick in popularity during the COVID-19 pandemic helped introduce it to many first-time campers, which boosted participation to higher levels. One of the most popular pastimes in North America, camping has the added benefit for travelers of also being one of the most affordable and accessible vacation options. As camping continues to grow in popularity, ...
Travel + Leisure Announces Winners of 2023 World’s Best Awards Revealing the Top Cities, Islands, Hotels, Cruise Lines and More
Travel + Leisure | July 11, 2023
NEW YORK, July 11, 2023 -- Travel + Leisure announces the best travel destinations and organizations across the globe, according to the results of the 2023 World's Best Awards' reader survey. The 28th edition of the World's Best Awards highlight the leaders in travel, including top cities, islands, hotels, cruise lines, airlines, airports and more. The complete survey results are available now on TravelandLeisure.com and in the August issue of Travel + Leisure, on newsstands July 21. Spanning 122 category lists, this year's survey results yielded many surprises, including a new airline claiming the #1 spot for Best I...
Charlotte, North Carolina: Queen City on the Rise
Janet Snyder | July 7, 2023
By Janet Snyder, Courtney Vris While growth in the life sciences, energy, education, and manufacturing industries is contributing to Charlotte’s rise, it’s the financial services/fintech industry that gives the city its power to the throne. Bank of America, Truist Financial, and Wells Fargo all have either a headquarters office or a regional hub in the Queen City. As of 2023, financial firms in the Charlotte-region MSA support over 100,000 jobs, which is more than ever recorded before, even prior to the pandemic. Yes, this sector’s return to the office was slow following the pandemic depths and the uncertain climate precipitated ...
Summer 2023 Trip Length and Spending Are Both on the Rise
Allianz Partners | July 18, 2023
RICHMOND, Va., July 18, 2023-- Americans are planning to set their status to "out of office" for longer stretches and open their wallets a little wider this summer, according to this year's 15th Annual Vacation Confidence Index from Allianz Partners USA. While the traditional week-long vacation is still elusive, new research indicates travel is becoming a priority again based on longer trips and increased spend. As both travel and confidence have rebounded in recent years, the average number of nights spent away has been steadily creeping up and now sits at 4.5 versus 4.3 (2022) and 4.1 (2021). The shift is beginning ...
Park Lane New York Welcomes Niles Harris as Managing Director & Vice President of Operations
Park Lane New York | July 12, 2023
New York, New York - July 2023 - Park Lane New York, a Highgate-managed hotel positioned on Billionaire’s Row, is thrilled to announce the appointment of its new Managing Director & Vice President of Operations, Niles Harris. The esteemed industry veteran is no stranger to the Highgate family, having previously spent four years as Managing Director of Crowne Plaza Times Square Manhattan, where his outstanding work and dedication was recognized with the coveted "Make Your Mark" General Manager of the Year Award. During his time there, Harris was also appointed as Chairman of the technology committee on the General Manager's Leadersh...
