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LNW Hospitality & New Castle Hotels & Resorts Open Residence Inn/Courtyard by Marriott Resort on Georgia’s Jekyll Island
LNW Hospitality | June 11, 2021
Jekyll Island, GA – June 11, 2021 – LNW Hospitality and New Castle Hotels & Resorts, the team that developed the successful Westin Jekyll Island and Hampton Inn & Suites Jekyll Island, today opened the 209-room oceanfront Residence Inn/Courtyard by Marriott at 178 S. Beachview Dr. on Georgia’s famed Jekyll Island. The new hotel features 120 Residence Inn by Marriott rooms, as well as 89 Courtyard by Marriott rooms, on Jekyll’s picturesque beachfront. The two Marriott brands, combined on one property, will provide guests with options to meet any need: business, leisure or a little of both. The hotel is the newest addition t...
Foster Supply Hospitality Debuts Riverfront Lodge Hotel Darby
June 11, 2021
Beach Lake, PA - June 11, 2021 - Foster Supply Hospitality, the hospitality group behind a collection of celebrated Catskills region small hotels & restaurants including the The DeBruce, Kenoza Hall, The Arnold House, North Branch Inn, Nine River Road, and the non-profit A Single Bite, announces the debut of their latest property, Hotel Darby. This riverfront lodge, situated on the Delaware River, just minutes from Narrowsburg, NY, is located two hours Northwest of New York City. The hotel features an abundance of outdoor activities including a private trail system, river access, fire pits, a hammock grove and more. Light local fa...
Le Méridien Pasadena Arcadia Hotel Debuts in Los Angeles, Bringing Joie de Vivre to SoCal
Le Méridien Hotels & Resorts | June 11, 2021
LOS ANGELES, Calif. — June 11, 2021 —Today, the much-anticipated Le Méridien Pasadena Arcadia Hotel opens its doors to the public after a three-year build. The new hotel, located opposite Santa Anita Park and developed by SAICP LLC, boasts 234 thoughtfully designed rooms and suites and over 14,000 sq. feet of stylish event space. Taking cues from the brand’s mid-century modern design aesthetic, the hotel will bring Le Méridien’s distinctive European heritage to the Southern California destination. Created in collaboration with Linda Snyder Associates and AO Architects, the property draws design inspiration from the surrounding ...
IHG Bringing Hotel Indigo to The Big East
IHG Hotels & Resorts | June 11, 2021
IHG Hotels & Resorts, one of the world's leading hotel companies, announced today that construction is well underway on the new Hotel Indigo New Orleans – French Quarter. Hotel Indigo New Orleans – French Quarter will be one of the newest Hotel Indigo properties, following the recent opening of exciting hotels such as the Hotel Indigo Columbus at Riverfront Place and the Hotel Indigo Miami Brickell. The Hotel Indigo brand continues to grow with a global pipeline of 104 new properties and 127 hotels now open. In the Americas, 29 new hotels are in the brand's pipeline, with construction progressing on multiple new ...
Pebblebrook Hotel Trust Completes Sale of The Roger New York
Pebblebrook Hotel Trust | June 11, 2021
BETHESDA, Md. - June 11, 2021 - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) announced that on June 10, 2021, it closed on the sale of its leasehold interest in the 194-room The Roger New York in New York, NY for $19.0 million to a third party. The Roger New York is subject to a ground lease with approximately 23 years remaining on its term. Proceeds from the sale of The Roger New York will be utilized for general business purposes, which may include reducing the Company’s outstanding debt and/or acquiring and investing in hotel properties in accordance with the Company’s investment strategy. View the full relea...
HVS Market Pulse Update, Charleston, SC
Heidi Nielsen | June 11, 2021
By Heidi Nielsen, Rod Clough Rod Clough, President – Americas, interviewed Heidi Nielsen, Managing Director, Charleston overseeing the Carolinas and Coastal Georgia, on June 10, 2021, to discuss the current Charleston market dynamics and the outlook for recovery. Heidi outlines what the market looks like today, the factors contributing to current performance levels, and what will help drive improvements in future performance. She provides the forecast of occupancy and average rate for Charleston, as well. This nine-minute video provides important insights and factors to consider for those currently invested or considering investing in t...
Market Snapshot: Asia Pacific 2021
Hok Yean CHEE | June 11, 2021
By Hok Yean CHEE Transactions in the Asia Pacific In 2020, transaction activity in the Asia Pacific took a hit from the new high in 2019, achieving a transaction volume of approximately US $8.6 billion worth of hospitality assets, indicating a 41.8% decline year on year. Similarly, from 2Q 2020 to 1Q 2021, transaction activity in the Asia Pacific has continued to slow down. Despite the slow-moving transaction activity, growing interest in hospitality assets continues to be observed in regions such as Australia & New Zealand, China, Japan, South Korea, Taiwan, and certain markets in the South-East Asia regions. The slowdown is mai...
Travelers Prefer Booking Directly With Providers Amid Uncertainty
GlobalData | June 11, 2021
A recent GlobalData poll has revealed a shift in consumer preference towards booking holidays directly, instead of going through an online travel agency (OTA). A total 39%* of respondents said they would typically book directly, followed by 17% that opted for OTAs and price comparison sites. The leading data and analytics company notes that this shift is no surprise, given the flexible cancellation and straightforward refund policies offered by direct booking. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: “The pandemic has caused a significant shift in consumer booking habits. A previous survey in Q3 2019** s...
Deal-Making Activity in the Travel & Tourism Sector Declined by 25.4% During May 2021, Finds GlobalData
GlobalData | June 11, 2021
A total of 53 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during May, which is a decline of 25.4% over 71 deals announced in April, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “May marks the second month of decline in deal activity for the travel & tourism sector after rebounding in March. Considering the spike in COVID-19 cases, it might take a few months to reverse the trend.” The announcement of venture financing and M&A deals decreased by 52.9%...
Hotel Lawyer: Independent Boutique Hotels at BLLA Conference
Jim Butler | June 11, 2021
By Jim Butler The Global Hospitality Group® was pleased to sponsor and participate in BLLA’s virtual Boutique Hotel Investment Conference, which took place online June 2-3. As the hospitality industry prepares for increased travel and sunnier economic forecasts, independent boutique hotels are stronger than ever and attracting positive attention. Hosted by the Boutique & Lifestyle Leaders Association, the Boutique Hotel Investment Conference focuses on and celebrates the boutique hotel concept and what it offers the hospitality industry. During the conference, Partner and Chairman Jim Butler discussed “13 Keys to Success–...
Tourism Tidbits: Site Beautification and Security Protocols
Peter Tarlow | June 11, 2021
With the rebirth of travel, using site beautification to enhance your marketing and security protocols is more important than ever By Dr. Peter Tarlow This June people from around the world will be seeking new ways to break away from the consistent quarantines and lockdowns and once again experience the beauty of travel. In this world of wanting to break free, a locale’s physical appearance will be more important than ever. Communities that hope to use travel and tourism as economic development tools might do well to consider some of the following points and then work at not only greening their communities but also their bottom lines....
WTTC Research Reveals Travel & Tourism Sector’S Contribution to Japan’s GDP Dropped by $138 Billion in 2020
WTTC | June 10, 2021
London, UK - June 10, 2021 - The World Travel & Tourism Council’s annual Economic Impact Report (EIR) today reveals the dramatic impact COVID-19 had on Japan’s Travel & Tourism sector, wiping out $138 billion from the nation’s economy. The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped a staggering 37%. The Travel & Tourism sector’s impact on the nation’s GDP fell from USD$ 373.0 billion (7.1%) in 2019, to USD$ 234.9 billion (4.7%), just 12 months later, in 2020. The year of damag...
India Hotel Occupancy on a Continued Decline Amid Second COVID-19 Wave
STR | June 10, 2021
LONDON — June 10, 2021 — After an improved start to 2021, India’s hotel occupancy has been on a rapid decline amid the second COVID-19 wave in the country, according to data from STR. India’s monthly occupancy reached a pandemic high in February (53.9%), which looked to be solid progress toward recovery as the monthly level was roughly 73% of the 2019 comparable. By April, however, occupancy in the country fell to 31.0%, and more recently, just 21.5% for the week ending 30 May. “We saw India’s resilience as an emerging market play out over the early portion of 2021,” said Vidhi Godiawala, STR’s business development mana...
STR: U.S. Hotel Results for Week Ending 5 June
STR | June 10, 2021
HENDERSONVILLE, Tennessee — June 10, 2021 — U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through 5 June. 30 May through 5 June 2021 (percentage change from comparable week in 2019*): Occupancy: 61.9% (-14.0%) Average daily rate (ADR): US$123.49 (-6.7%) Revenue per available room (RevPAR): US$76.44 (-19.7%) Each of the three key performance metrics were the highest of the pandemic era. Among the Top 25 Markets, Miami saw the largest increases over 2019 across each of the three key p...
How Hospitality Is Adapting to a Contactless World
Cendyn | June 10, 2021
The pandemic led to an increase in contactless technology and experiences in the hospitality industry, and even as we return to a new normal, many of these innovations are likely to stick. A hotelier’s job is to make guests comfortable, and if guests have become accustomed to new ways of doing things, then hotels will need to accommodate. However, instead of removing the personal touch, contactless technology can actually provide a more pleasant — and personalized — experience for guests. Throughout 2020, hospitality and travel companies found ways to provide memorable experiences while improving health and safety standards. It’s a...
HSMAI and Revenue Analytics Release a New White Paper — The New RMS: A Buying Guide
HSMAI | June 10, 2021
The Hospitality Sales and Marketing Association International (HSMAI) and Revenue Analytics present The New RMS: A Buying Guide, a new white paper that explores modern hotel revenue management systems, including how they have evolved — and how they need to evolve — in the aftermath of the pandemic that has seriously disrupted the hospitality industry. Through interviews with revenue leaders across the industry, HSMAI and Revenue Analytics have created a guide to help hoteliers make informed decisions about revenue technology now and in the coming years. “The hotel industry needs to embrace and adopt technology that will help them o...
‘Have Shot, Will Travel’, Tripadvisor Research Reveals COVID-19 Vaccines Driving Demand for Summer Vacations
Tripadvisor | June 10, 2021
NEEDHAM, Mass. - June 10, 2021 - A new travel trends research paper released today by Tripadvisor®, the world's largest travel guidance platform*, reveals that vaccine rollouts globally are driving increasing demand for summer vacations, with vaccinated travelers more likely to stay longer and spend more on their trips than unvaccinated travelers. The report, entitled 'A Shot in The Arm for Travel? Examining the Vaccine's Impact on Leisure Travel Demand', provides a unique insight into emerging travel planning trends around the world by combining behavioral analysis of Tripadvisor's first-party search data - revealing the type of trips t...
Universal Hotels Opens Hotel Florida Magaluf in Majorca Following Complete Renovation
June 10, 2021
PALMA DE MALLORCA, Spain - June 10, 2021 - Universal Hotels has opened the Hotel Florida Magaluf in Majorca, a new concept of flagship hotel which, following a complete renovation, will be one aspect of the company's new brand structure. The hotel was designed to be a place where guests can have a 360º holiday experience on the seafront, with music, organic and sustainable elements and gastronomy as fundamental pillars. With nearly 75 years of history, the Universal group offers a space aimed at young people, who use social media and are keen to socialise, have fun and enjoy new experiences in harmony with the environment, with reusabl...
Scarlett Hotel Group Acquires Wyndham San Antonio River Walk in Joint Venture With Trailbreak Partners
Scarlett Hotel Group | June 10, 2021
SAN ANTONIO - June 10, 2021 - Scarlett Hotel Group (SHG) announced today that the company has purchased the former Wyndham San Antonio River Walk, located at 111 East Pecan Street in San Antonio, as part of a joint venture with Trailbreak Partners. The new owners have closed the property to begin implementing plans for a $50 million overhaul of the hotel which will be transformed to a luxury, full-service, four-star, 390-room InterContinental hotel in early 2023. "Turning this property into a luxury hotel is an amazing opportunity for us to contribute to the city of San Antonio," said Zio Pekovic, principal and co-founder of SHG. "Sa...
Curator Hotel & Resort Collection Adds First Member Hotels in Hawaii
Curator Hotel & Resort Collection | June 10, 2021
BETHESDA, MARYLAND - June 10, 2021 - Curator Hotel & Resort Collection is thrilled to welcome its first-ever Hawaii member hotels hailing from the prestigious Springboard Hospitality collection, one of Curator’s founding members. The four new member hotels span three destinations (Honolulu, Kapa’a, and Lihue) on two islands (Kauai and Oahu), providing personalized and authentic local experiences. These independent hotels offer ideal destinations as travelers seek to book long-awaited island getaways. "This is a critical moment for Springboard as we seek independent, unique hotels to meet the significant interest in travel to Haw...
COVID-19 Recovery HVS Global Hospitality Employer Survey
Court Williams | June 10, 2021
By Court Williams, Bhavna Bhatia, Florian Kittler, Jens Busch The COVID-19 crisis brought the hospitality business to a grinding halt last year. As the Hospitality industry prepares for a resurgence globally in the foreseeable future, our team at HVS Executive Search reached out to industry employers and leaders to understand, sense, and address what could be a unified response code across the globe. This presentation summarises the “HVS Global Employer Survey” findings carried out across the United States, Europe, Asia Pacific, Middle East, and Africa. The objective of the survey was to understand current employer sentiment, obj...
Hyatt Centric Brand Debuts in North Carolina With Hyatt Centric SouthPark Charlotte
Hyatt Centric | June 10, 2021
CHARLOTTE, NC – June 10, 2021 – Hyatt Centric SouthPark Charlotte celebrates its grand opening today in SouthPark, Charlotte’s premier retail and business district. Designed with an inviting, modern ambience and a distinctly local flavor, the 175-room property provides a social hub for travelers seeking a home base in the heart of the action. Situated just steps from SouthPark’s premier shopping, dining and entertainment, a short trip from Uptown Charlotte’s museums and attractions, and in close proximity to Charlotte Douglas International Airport (CLT), this lifestyle hotel is perfect for savvy travelers with an adventurous spiri...
W Los Angeles – West Beverly Hills Appoints Damien Hirsch as General Manager
W Los Angeles - West Beverly Hills | June 10, 2021
LOS ANGELES, Calif. – June 10, 2021 – W Los Angeles - West Beverly Hills is pleased to announce the appointment of Damien Hirsch to the role of general manager. Hirsch brings a wealth of hospitality knowledge to the iconic W hotel, aiming to position the luxury property as a destination within itself while managing the hiring, training and retention of uniquely diversified teams. In his role, Hirsch will oversee the delivery of exceptional service to ensure guest satisfaction across all aspects of the 297-room hotel, including the famed steakhouse STK Los Angeles; the lively Living Room Bar; expansive WET Deck; the property’s c...
Lionel Alvarez Appointed General Manager of Viceroy at Ombria Resort, Algarve
Ombria Resort | June 10, 2021
Ombria Resort, Portugal’s premium sustainable destination situated in Algarve is pleased to announce the appointment of Lionel Alvarez as General Manager of Viceroy at Ombria Resort and Viceroy Residences at Ombria Resort, the 5-star hotel complex due to open in Q2 2022 at the heart of Ombria Resort. This will mark the debut of the US-based Viceroy Hotels & Resorts in not only Portugal but throughout southern Europe and will also be the first branded residences managed by Viceroy in Continental Europe. Born in France, Lionel Alvarez has managed and opened a number of luxury hotels around the world including Aman Resort’s Hotel Bo...
