HFTP® Acquires Leading Hospitality Industry Brands: Hospitality Upgrade, Hotel-Online, The CIO Summit and The Executive Vendor Summit
Hospitality Financial and Technology Professionals | June 25th, 2024
Travel Trends Index: Domestic and International Travel Weather the Shutdown Turbulence
U.S. Travel Association | March 5, 2019
WASHINGTON (March 5, 2019)—Travel to and within the U.S. grew 3.2 percent year-over-year in January, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 109th straight month of overall expansion. But the predictive portions of the TTI continue to forecast a slowdown, as weakening global economic growth, trade tensions, and fading consumer and business confidence take hold in coming months. That could be problematic as the U.S. works to halt an erosion in its share of the competitive international travel market. Despite the 35-day partial federal government shutdown's...
STRATA INTEGRATED WELLNESS SPA AT GARDEN OF THE GODS EXPANDS AWARD-WINNING TEAM AND WELLNESS SERVICES
B Public Relations | March 5, 2019
Kelli Miller Joins as Acupuncturist; Hours Expand to Include Saturday Services COLORADO SPRINGS, COLO. – March 5, 2019 – Strata Integrated Wellness Spa at Garden of the Gods Resort and Club, in Colorado Springs, today announces the appointment of Kelli Miller, L.Ac., Dipl.Ac., MSOM, MSPSY as its acupuncturist. Bringing nearly 20 years of experience, Miller is passionate about good health and disease prevention through several forms of Traditional Chinese Medicine (TCM), including acupuncture. "We are pleased to welcome Kelli to our team," said Strata Integrated Wellness Spa Medical Director, Michael Barber MD, PhD, FACC, FHR...
HVS Market Pulse: Southeastern U.S. Hotel Markets Poised for Strong 2019
Rodney G. Clough | March 5, 2019
by Rodney G. Clough I recently checked in with my five Directors that oversee our five offices in the Southeast to see how their hotel markets were holding up as we head further into 2019. Overall, the pulse of each area was positive, with some expecting some softening in occupancy this year, which mirrors our overall national sentiment. However, ADR growth should keep overall RevPAR change in the positive column. Here's what each Director had to say. Mallory White, Director of the Tampa – St. Petersburg HVS Office A record-breaking spring season in 2018 allowed for strong rate growth; however, the toxic algae bloom known as &qu...
A New Look at the Direct-Booking Game for Hotel Chains
Jochen Ehrhardt | March 5, 2019
by Jochen Ehrhardt In recent years, hotels have been waging a war on Online Travel Agencies such as Booking.com, Expedia, Ctrip, and Agoda in order to win back their customers by offering a wide range of perks, including discounts, in exchange for booking directly with the hotel. "Book direct" has become the new mantra. As hoteliers found out quickly, luring back consumers is not as easy as they had hoped. The larger OTAs have at least two very powerful arguments in their favor: Users can choose between hundreds of thousands of hotels in a consistent and easy-to-navigate environment. Hotels and hotel groups could not do anything about t...
“Maestro PMS Analytics BI Tool Gives Us the Ability to Target the Right Market with the Right Product at the Right Time”
Maestro PMS | March 5, 2019
Easy to Use Dashboards Show Room Nights, Revenues, ADR, RevPAR, Pace of Pick-up and Other Data Drivers for Simplified Forecast and Marketing Planning March 5, 2019 – Maestro PMS, the preferred cloud and on-premise hotel software solution suite for independent hotels, luxury resorts, conference centers, and multi-property groups strengthened its Maestro Analytics and Business Intelligence (BI) module with the addition of a combined Revenue and Marketing Analytics View. The new Analytics view enables hoteliers to monitor current on the books (OTB) reservations and revenues updated with real-time occupancy gains and losses. The syste...
IDeaS Director and Hospitality Leader Audrey Murante Joins HEDNA Board of Directors
IDeaS | March 5, 2019
Murante draws upon 30 years of hotel experience to help organization improve the future of hotel distribution MINNEAPOLIS—March 5, 2019—Audrey Murante, director of global alliances & initiatives for IDeaS Revenue Solutions, has been named to the Hotel Electronic Distribution Network Association (HEDNA) 2019/2020 board of directors. She will serve as the board's liaison for its data analytics working group. Bringing over 30 years of hotel experience and expertise to HEDNA – Murante currently oversees the growth of IDeaS' many successful partner programs. Before IDeaS, she worked for the Radisson Hotel Group where ...
Hotelogix and POSist Announce Integration to Serve Enterprise-Grade Hotels Globally
Hotelogix | March 5, 2019
Hotelogix, a leader in cloud-based Property Management Systems has announced the integration of its PMS with POSist, a point of sale solution provider. This partnership aims to help hoteliers with in-house restaurant management through automation, and by offering them granular insights about their FnB business through real-time reporting and detailed analytics. POSist is a leading cloud-based restaurant technology platform that provides an end-to-end solution for all types of restaurants and food outlets. The company currently serves multiple hotel brands, including chain hotels and 6000 restaurants in 6 countries across the globe. Comm...
Hotelogix Launches Unified Marketplace Platform for Hotels with 75+ Integrations
Hotelogix | March 5, 2019
Hotelogix, a leading cloud-based Hotel Property Management System provider has announced the launch of 'Hotelogix Marketplace'. This unified marketplace will serve as a one-stop shop for Hotelogix users to choose the right technology solutions for efficient hotel management. "The Marketplace will empower hoteliers of every size, with the choice of right technology solutions that integrate with Hotelogix," says Aditya Sanghi, Co-founder & CEO of Hotelogix. Hotelogix Marketplace lists 75+ integrations across hospitality technology categories, including Channel Manager, Reputation Management Systems, Booking Engine, Revenue Management ...
Tradewinds Carmel Celebrates 60th Anniversary
Tradewinds Carmel | March 4, 2019
CARMEL, CA — (March 4, 2019) — Tradewinds Carmel will be celebrating 60-years of delivering unsurpassable hospitality this year. This anniversary celebration will be commemorated with a ribbon-cutting ceremony on March 27, 2019, hosted by the Carmel Chamber of Commerce. To complement the anniversary, the inn is offering special offers and packages throughout the year. A premier boutique hotel and a Carmel-by-the-Sea landmark since 1959, Tradewinds Carmel was originally designed by Richard Catlin to offer a truly unique fusion of Asian influences. When Richard and Patricia Catlin, opened the doors in March of 1959, it was bil...
Accor Launches a New Lifestyle Brand - TRIBE
TRIBE | March 4, 2019
Accor continues to expand its portfolio and is launching a new lifestyle brand in the midscale segment, TRIBE. Renowned for its expertise in the economy and midscale sector and now a major name in luxury hotels, Accor continues to establish itself in the lifestyle sector in order to offer an ever-greater range of experiences and to satisfy the needs of its customers and partners. TRIBE, a custom-made solution for new needs and desires Accor's new brand TRIBE was created in response to a simple fact: today, more than ever before, travelers seek a high-quality hotel experience at an affordable price. TRIBE aims to surprise travelers with ...
Hesperia Hotels & Resorts to Introduce the Hyatt Regency Brand to Spain with Two Rebranded Properties
Hyatt Regency | March 4, 2019
CHICAGO (March 4, 2019) – Hyatt Hotels Corporation (NYSE: H) has announced today that a Hyatt affiliate has entered into franchise agreements with an affiliate of Hesperia Hotels & Resorts to open Hyatt Regency Hesperia Madrid and Hyatt Regency Barcelona Fira. The hotels mark the entry of the Hyatt Regency brand into Spain and signify Hyatt's continued growth in the country. Both hotels will undergo significant renovations and will be available on Hyatt's booking system as Hyatt affiliated hotels beginning June 2019. The properties, Hesperia Madrid Hotel and Hesperia Barcelona Tower, are scheduled to be fully rebranded by Q4 2...
Union Investment and IHG to Invest 60 Million Euro to Modernize InterContinental® Berlin
IHG | March 4, 2019
IHG® (InterContinental Hotels Group) and Union Investment have announced plans to modernise InterContinental Berlin, which is owned by Union Investment and operated by IHG. The announcement coincides with the International Hotel Investment Forum (IHIF) in Berlin, Europe's most important hotel investment conference. The upgrade of the 558 luxurious guest rooms and the beautifully designed public areas of the hotel will cost around EUR 60 million. The hotel will remain open during the works, which will be managed to ensure a continued high level of hospitality and uninterrupted guest services. The renovation will take place in several...
Hotel CEO Turnover 2018: A Study of the Top 50 Largest Hotel Management Companies
Chris Mumford | March 4, 2019
By Chris Mumford, Thomas Mielke, and Dominic Maurer Turnover of Chief Executives at the world's 50 largest hotel groups (as per HOTELS 325 2018 Listing) remained flat for 2018, with new faces appearing at the head of four companies, the same number as for the prior year. Changes in CEO positions were seen at G6 Hospitality, Extended Stay, Millennium & Copthorne and B&B Hotels. Of these, three were planned moves. Jennifer Fox's three-month stint at Millennium & Copthorne, though, can only be assumed to have been anything but planned. A sector turnover rate of 8% is well under the average for the general industry and speaks to...
Hospitality Financial Leadership: Contra or Barter Exchanges – How to Record Them and Some Tips
David Lund | March 4, 2019
David Lund Contra, barter, trade outs, exchanges – they are all the same thing. Exchanging goods and or services is older than currency and it's still used today, especially in hospitality. How you can use this tool effectively and how to properly record these transactions on your books is the meat on the stick in this article. First thing you need to know that typically stops most people from pursuing trade out agreements is they do not have a direct positive impact on your profit and loss statement. The trade out itself if it's recorded properly will not reduce expenses. It only saves you cash. So, if cash flow is a conc...
Hotel Equities Tapped by APX Hotels to Manage Eight Hotel Portfolio in Alberta, Canada
Hotel Equities | March 4, 2019
Atlanta, GA – March 04, 2019 – Today, Atlanta-based hotel owner, operator and developer, Hotel Equities (HE), announced they have been selected as the strategic partner with APX Hotels to operate eight hotels in the Alberta region. The hotel portfolio, consisting of IHG, Hilton and Wyndham branded properties is owned by APX Hotel Group. The combined total guestroom count is 749 and growing, with future development projects in the pipeline. "We continue to expand our Canadian portfolio with owners whom we are aligned and who seek strong management of their assets," said Joe Reardon, chief development officer for HE. "We ...
Shiji Group Acquires Majority Ownership of Hisense Intelligent Commercial Systems
Shiji | March 4, 2019
(4 March, 2019, Beijing) Shiji Group announced today that its subsidiary, Shiji Commercial Information Technology Co., Ltd., successfully completed the majority share acquisition of Hisense Intelligent Commercial Systems Co., Ltd. Shiji Group now holds a total of 82.75% of Hisense ICS, becoming the controlling shareholder of the company. Previously holding 25% equity, the new acquisition of 57.75% equity continues the company's strategy of retail technology growth. The 57.75% equity purchase amount was approximately 462 million yuan. Hisense Intelligent Commercial Systems Co., Ltd is a subsidiary of Hisense that specializes in manufactu...
Duetto Reaches 150,000 Rooms Milestone in Europe
Duetto | March 4, 2019
San Francisco, 4 March, 2019 — Duetto, hospitality's only Revenue Strategy Platform, continues to grow its presence in Europe, Middle East and Africa (EMEA), welcoming 10 new hotel companies in 2018. The San Francisco based hospitality tech firm now services more than 50 hotel companies across EMEA, representing more than 870 properties and nearly 150,000 hotel rooms. In 2018, Duetto welcomed some of Europe's leading hotel brands to the family, including the eponymous Sacher Hotels in Austria. Founded in 1876, Hotel Sacher Wien is Vienna's only family-run luxury hotel with 150 rooms and suites. The 110-room Hotel Sacher Salzburg i...
Fornova Acquires HotelsBI to Provide Full Suite of Business and Distribution Intelligence Solutions for Hotels Worldwide
Fornova | March 4, 2019
LONDON and Tel Aviv, March 4, 2019 – Fornova announced that it is acquiring Tel Aviv-based business intelligence provider HotelsBI. The acquisition rounds out its suite of solutions with the hotel industry's only enterprise-ready solution to help hotel chains break the silos impeding the effective use of data, by employing advanced BI to understand and manage all data relevant to making optimum performance decisions. CEO Dori Stein said, "We are pleased to announce our acquisition of HotelsBI, whose singular approach to business intelligence helps hotels not only better understand their market position – but increase direct ...
Avison Young Hospitality Group Recent Closings
Avison Young | March 4, 2019
ATLANTA – March 4, 2019 – Avison Young Hospitality Group announced today the firm closed a two-property portfolio in San Francisco last Friday. The details of the two transactions are confidential in nature, but each transaction was accretive to both the buyer and the seller. The transactions were handled by Chelsea Wang, a hotel broker in the Avison Young San Francisco office. ...
The Need for Hotels to Embrace a Cause
Larry Mogelonsky | March 4, 2019
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) As World Wildlife Day has just come and gone (it was this past Sunday, March, 3, 2019), it's a good time to reflect upon what environmental efforts your hotel is planning to undertake as well as those already in full swing. With climate change intensifying with each passing season, large corporations are becoming all the more vital through their collective resources in the movement to champion wildlife preservation. I don't mean to get preachy but between rampant deforestation, pollution, invasive species and a slew of other manmade problems, nearly every ecosystem has been thrown o...
INTELITY to Attend the 2019 National Indian Gaming Association Tradeshow & Convention
Intelity | March 4, 2019
The hospitality technology company looks to increase its presence in tribal casino resorts Los Angeles, California (March 04, 2018) – INTELITY™, the provider of the travel industry's first and broadest enterprise guest engagement and staff management platform, will attend April's National Indian Gaming Association (NIGA) Tradeshow & Convention in San Diego, CA. NIGA is the longest-running gaming tradeshow in history and the country's largest gathering of tribal leaders and casino executives, with 184 nations convening. "The modern traveler wants to experience the same seamless connectivity across a casino resort tha...
HP Patel, President of Krish Hospitality, Opens First GLō by Best Western in Asheville, NC
March 1, 2019
Phoenix, Arizona (March 1, 2019) – Best Western Hotels & Resorts today announced the opening of its suburban boutique hotel brand, GLō, in Asheville, North Carolina. With a stylish, convenient and thoughtfully designed space, GLō's arrival in the thriving resort destination is a perfect reflection of today's Best Western. "We are excited to celebrate the arrival of our contemporary and inviting GLō brand in Asheville," said Ron Pohl, Senior Vice President and Chief Operations Officer for Best Western Hotels & Resorts. "Asheville is known for its vibrant arts scene and its historic architecture, and GLō fits perfectly, ...
Owned by Sunny Investment Properties LLC & Development, the Residence Inn Tulsa Midtown Opens
Residence Inn by Marriott | March 1, 2019
Tulsa, OK – March 1, 2019 – The 106-suite Residence Inn by Marriott in Tulsa, Oklahoma is set to open today with its upscale, stylish décor that offers flexibility, while creating a unique environment. Located at 4522 East Skelly Drive, the all-suite Residence Inn Tulsa Midtown will operate as a Marriott franchise, owned by Sunny Investment Properties LLC & Development and managed by Champion Hotels of Oklahoma City, Oklahoma. Located 10 miles from Tulsa International Airport and 14 minutes from downtown the Residence Inn Tulsa Midtown offers its guests convenient access to Gathering Place – a park for every...
Stonehouse Capital, New Owners of Maine’s Iconic Spruce Point Inn, to Honor and Celebrate Historic Asset
Spruce Point Inn | March 1, 2019
The Woodlands (Houston), Texas, March 1, 2019 … A landmark and a legend for more than a century, the historic Spruce Point Inn resort in Boothbay Harbor has reigned for years as the choice of discerning travelers and is independently ranked as one of the "best resorts in New England." New ownership and management aim to extend that legacy. The owners of Spruce Point Inn have concluded the sale of the property to Stonehouse Capital; and after careful consideration, Stonehouse Capital has engaged BENCHMARK®, a global hospitality company, to operate Spruce Point Inn as part of their Gemstone Collection. "Stonehouse Capital is ho...
