Augment Luxury Stays Via a Sense of Departure
Adam and Larry Mogelonsky | August 16th, 2023
Independent Hoteliers: Centralize Your Data
Warren Dehan | August 16th, 2023
News Archive: August
It’s Possible To Do More With Less During a Labor Shortage: Here’s How
Amadeus | August 9, 2023
As travel continues to recover, some airlines, hotels, restaurants, and event venues worldwide are struggling to keep up with demand due to labor shortages. And while labor shortages are nothing new, the pandemic brought about some fresh challenges, including the phenomenon of “revenge travel,” or the concept of consumers making up for lost time by booking more and longer travel experiences. The overall impact that this increase in consumer demand has had on labor within the hospitality industry has been enormous. The State of Labor Shortages Labor shortages are impacting businesses’ productivity, efficiency, and profitability a...
The Latest Wine Trend for Fall Then 2024
Adam and Larry Mogelonsky | August 9, 2023
By Adam and Larry Mogelonsky If you know either of us, then you know that we are big fans of wine. Besides the actual taste and endless variety of production around the world, we write about wine because it’s a great way to ramp up restaurant revenues on a high-margin basis. But this only occurs when the wine is effectively marketed and sold. For reference (and to show we actually know what we’re talking about), we published a book about how to sell more wine last year, and we’ve written about how finetuning your wine strategy can be used to generate quick wins for the hotel. Today, we look ahead, first to Q4 2023 then to 2024. Sp...
PwC Report: Hospitality Tech Investment Pays Off
PWC HOSPITALITY DIRECTIONS | August 23, 2023
The hotel business ecosystem is exceptionally complex: Brands, owners and operators all strive to maintain profitability in an inherently low-margin, highly competitive sector. The goal? To satisfy investors while also meeting — ideally, exceeding — guest expectations. Hotels also need to attract and maintain skilled talent in the constrained late-pandemic labor market. Facing rising wages and a diminished worker pool, more than 70% of hotel executives are turning to technology tools to automate a portion of their operations and boost employee efficiency.1 PwC experience corroborates the benefits of technology investments. One bran...
The Hotel Group & Hogback Development Celebrate the Tru by Hilton Yakima Topping Off
The Hotel Group | August 17, 2023
Yakima, WA - August 17, 2023 - The Hotel Group (THG), an affiliate of Hotel Equities(HE), and a leading national hotel management, investment and development company, along with Hogback Development, will celebrate the topping off of the 74-room Tru by Hilton Yakima, WA. Tru by Hilton Yakima is located next to the Home2 Suites in Rainier Square, which over the past few years has been transformed by Hogback Development from an under-developed and under-utilized 1960’s style-center, to a vibrant mix of restaurants, retail, and commercial business. THG and Hogback Development co-own the four-story Tru by Hilton hotel projected ...
Capstone Property Group Opens Courtyard by Marriott in Downtown Gainesville, Georgia
McKibbon Hospitality | August 14, 2023
Gainesville, GA (August 14, 2023) – Located in the heart of downtown Gainesville, Georgia, the highly anticipated Courtyard by Marriott Gainesville opened its doors and officially began welcoming guests today. The all-new contemporary hotel – Gainesville's largest hotel property – anchors the mixed-use development, The National, a revival and redevelopment of Gainesville’s long-vacant First National Bank by developer and owner, Capstone Property Group, LLC. “Courtyard Gainesville is officially open for business, rounding out our offerings at The National,” said Dr. Jeffrey Payne, chairman of Capstone Property Group. “It’...
Hersha Hospitality Trust to Be Acquired by KSL Capital Partners
Hersha Hospitality Trust | August 28, 2023
PHILADELPHIA and DENVER, Aug. 28, 2023 — Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced a definitive merger agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. The purchase price represents a premium of approximately 60% over Hersha’s closing share price on August...
Penn State Hotel and Restaurant Society Honors 12 Hospitality Management Alumni
PSHRS | August 1, 2023
UNIVERSITY PARK, Pa. — The Penn State Hotel and Restaurant Society (PSHRS) and Penn State School of Hospitality Management will honor 12 alumni during the 2023 Alumni Awards Reception, held in conjunction with the school’s 18th annual Alumni in the Classroom event, on Oct. 11. This year’s award ceremony will take place in the Marriott Foundation Building, the School’s Collaboratory for Inclusion and Innovation, on the Penn State University Park campus. “In the face of surging global travel demand, it is gratifying to recognize this year's class of Penn State School of Hospitality Management alumni who are shaping and lea...
New Independent Hotel The Dagny Opens in Downtown Boston’s Batterymarch Building
DiamondRock Hospitality | August 10, 2023
Boston, August 10, 2023 – At the corner of work and play, where Downtown Boston and the Financial District converge, The Dagny Boston Hotel officially opens its doors today, welcoming guests and locals alike to discover an exciting new chapter in the building’s storied history. Originally known as the Batterymarch Building, this Art Deco icon rose to prominence in 1928 as the city’s first skyscraper and was quickly hailed for ushering in a new century in the city’s pedigree. As the city’s latest independent hotel, fittingly named using Old Norse words for “new day,” The Dagny Boston marks the launch of a captivating new era ...
