The Benjamin Royal Sonesta Hotel New York Unveils Multimillion-Dollar Transformation
Sonesta International Hotels | September 20th, 2024
Debunking Common Myths About AI: Why Human Hotel Staff Are Still Irreplaceable
John Smallwood, President of Travel Outlook | September 17th, 2024
News Archive: September
The Wildbirch Hotel is on Track to Open in Early 2025 in Anchorage, Alaska
THE WILDBIRCH HOTEL | September 26, 2024
ANCHORAGE, Alaska – Sept. 26, 2024 – Slated to open in early 2025 in the heart of Anchorage’s downtown Mushing District, The Wildbirch Hotel will offer guests a truly unique experience as the city’s first boutique property and newest lodging option in 20 years. The Wildbirch Hotel is anticipated to be the first JdV by Hyatt property in Alaska and is situated amidst the vibrant energy of the burgeoning West Fourth Avenue corridor. The hotel will serve as both a community hub and a centrally located basecamp for travelers seeking the full spectrum of Alaska adventure. The hotel will feature 252 modern and design-forward accommodatio...
HSMAI Announces the Passing of President and CEO Bob Gilbert
HSMAI | September 20, 2024
Gilbert Proudly Led the Organization for More than 30 Years, Through Industry-Changing Events Including the 9/11 Terrorist Attacks, 2008 Recession, and Covid-19 Pandemic FOR IMMEDIATE RELEASE: McLean, VA (September 20, 2024) – It is with profound sadness that the Hospitality Sales and Marketing Association International (HSMAI) Americas, HSMAI Foundation and HSMAI Global, announce that President and CEO, Bob Gilbert passed away on September 19, 2024. In July 2024, the organization announced that Gilbert had accelerated his retirement plan as a result of a serious health issue following 30 years of executive leadership for HSMAI. ...
An Overview of San Francisco’s Prolonged Recovery
Jason Lee | September 5, 2024
Since the COVID-19 pandemic, San Francisco has been navigating a difficult and lengthy road to recovery. Concerns over safety and street conditions, record-high office vacancies, a weak convention calendar, and limited visitation from Asia are among the challenges for local hoteliers. However, the long-term outlook remains cautiously optimistic given the growing presence of artificial intelligence companies, the fuller rebound of convention activity, and major sporting events planned for 2026, including Super Bowl LX and the FIFA World Cup. Lodging, Convention, and Travel Trends Following a rebound in 2022, San Francisco’s hotel perform...
CEO Pay in Hospitality 2024
AETHOS | September 3, 2024
With the pandemic largely in the rearview mirror, the last twelve months have been about interest rates, less transactions, and wild presidential election cycles worldwide. The hotel industry will be impacted in significant ways as these issues unfold. On the other hand, operational fundamentals have been strong, contributing to CEO pay marching upward. Average CEO pay in the industry rose to USD $9.8M, from the previous year’s $9.5M. Most of this increase came in the form of short-term incentive pay, making the correlation between stronger operating fundamentals and CEO pay. Interestingly, “other compensation” also increased indicat...
2024 HVS Lodging Tax Report – USA
Thomas Hazinski | September 24, 2024
Since room sales generate lodging tax revenues, an overview of hotel market trends provides a perspective on the industry's current and future fiscal impacts. While the negative impacts of the COVID-19 pandemic were unprecedented, as documented in our 2023 HVS Lodging Tax Study, nearly all lodging markets reached or exceeded pre-COVID average rates and revenue generation in 2022. The National Lodging Market has seen recent growth in occupancy, average daily room rates, and revenue per available room. The Average Daily Room Rate (“ADR”) represents the average revenue earned for each room rented in a hotel. Revenue per available room (“R...
Hospitality Ventures Management Group (HVMG) Assumes Management of 232-Suite Embassy Suites by Hilton Bloomington/Minneapolis in Minnesota
Hospitality Ventures Management Group | September 12, 2024
HVMG to Oversee $9 Million Renovation Project to Upgrade Guest Rooms and Public Spaces BLOOMINGTON, Minn., Sept. 12, 2024—Hospitality Ventures Management Group, an Atlanta-based third-party hotel operator and investor, today announced it has assumed management of the 232-suite Embassy Suites by Hilton Bloomington/Minneapolis. The company also will oversee a $9 million renovation project to upgrade guest rooms, public space, restaurant and back-of-house items. “Between our long standing history and familiarity operating this and other Hilton-branded projects and our expertise overseeing major hotel refurbishments, the Embassy Suites by...
The London West Hollywood at Beverly Hills Appoints Terry Buchholz as New General Manager
The London West Hollywood | September 11, 2024
LOS ANGELES, CA (September 11, 2024) -- The London West Hollywood at Beverly Hills is pleased to announce Terry Buchholz as the new General Manager for the modern luxury hotel. In his role, Buchholz will oversee all aspects of the hotel's operations, ensuring the seamless flow of day-to-day activities, optimizing processes, and upholding the renowned standard of excellence for which The London West Hollywood is known. “I am delighted to join the team at such an iconic property in West Hollywood," said Terry Buchholz, General Manager of The London West Hollywood at Beverly Hills. "I look forward to working alongside this talented team, to...
Hotel Management Companies Drive Significantly Better Guest Experiences, J.D. Power Finds
J.D. Power | September 4, 2024
TROY, Mich.: 4 Sept. 2024 — The secret to a great branded hotel stay may be in an aspect that guests do not often realize: the third-party management company operating the hotel, which creates consistent, pleasurable and problem-free guest experiences. According to the J.D. Power 2024 North America Third-Party Hotel Management Guest Satisfaction Benchmark,SM released today, overall guest satisfaction with branded hotels run by the nation’s largest third-party management companies improves significantly this year, outperforming both chain-managed and independently operated hotels. “Third-party management companies operating branded ...
