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Rosewood Hotels & Resorts Partners With CTF Amsterdam for Rosewood Amsterdam
Rosewood Hotels & Resorts | October 15, 2020
HONG KONG, Oct. 15, 2020 - Rosewood Hotels & Resorts® has been appointed by CTF Amsterdam B.V. to manage Rosewood Amsterdam, which will open in 2023 as the ultra-luxury hospitality group's eleventh property in Europe and first in the Netherlands. Housed in the former Palace of Justice, a building of great architectural, historical and social significance that overlooks the Prinsengracht (the Prince's Canal), one of the city's most beautiful waterways, in the UNESCO World Heritage listed Amsterdam Canal District. The hotel will be ideally situated near many of Amsterdam's finest attractions including the museum district, the high-end s...
Lowe and Atlas Hotels Unveil Top-to-Bottom Renovation of San Diego’s Iconic Town and Country Resort
Lowe | October 15, 2020
SAN DIEGO - Lowe and Atlas Hotels today announced the completion of the team’s comprehensive, multi-million-dollar renovation and repositioning of the 675-room Town and Country resort in San Diego. The vast 40-acre urban resort hotel and conference center is located on Hotel Circle North in Mission Valley. “Our reveal of the new Town and Country resort is the culmination of several years of thoughtful design and development work to realize our vision for this expansive property as a modern resort destination, equally attractive to leisure, business and convention visitors,” said Rob Lowe, co-CEO of Lowe. “Our redevelopment program...
U.S. Hotel Development Cost Survey 2020
Luigi Major | October 15, 2020
By Luigi Major In 2019, the national lodging market reached new heights, with hotels reporting the highest occupancy and ADR levels ever recorded. Similarly, hotel development continued at a steady pace, with new hotels opening to a burgeoning market and new and exciting projects continuously being moved through the development pipeline. Since the start of the COVID-19 pandemic, government restrictions, travel and group cancellations, and an overall fear of traveling have caused an unprecedented drop in travel and tourism demand in the country and around the world, which has resulted in substantially lower occupancies and average rates. T...
Autograph Collection Hotels Introduces The Prince Kyoto Takaragaike, Autograph Collection Hotel to Japan
Autograph Collection Hotels | October 15, 2020
“We are excited to expand the Autograph Collection portfolio in Japan with the brand’s 3rd hotel in the country, said Rajeev Menon, President, Asia Pacific (excluding China), Marriott International. “The Prince Kyoto Takaragaike perfectly highlights Autograph Collection’s promise of showcasing experiences that are informed by unique perspectives on craft and hospitality. This opening reinforces Marriott International’s commitment to continue expanding its footprint across Japan.” The hotel is conveniently located within walking distance to Kokusaikaikan Station, and is approximately 58 kilometers from Osaka International Airpor...
TownePlace Suites by Marriott Capitol District Opens in Nashville, Tennessee
TownePlace Suites by Marriott | October 15, 2020
NASHVILLE (OCTOBER 15, 2020)— A joint venture development between Chicago-based The Gettys Groupand Deep Cove Partners announces today the grand opening of the TownePlace Suites by Marriott Capitol District in Nashville, TN on October 15, 2020. Located at 310 Gay Street, the TownePlace Suites by Marriott Capitol District is the first hotel to open in Nashville’s Capitol District and the third largest TownePlace Suites by Marriott by total rooms in the world. “We are excited to be part of the incredible community that makes Nashville a sought-after destination,” says TownePlace Suites Capitol District General Manager Robby Gilreat...
Zoox Smart Data Continues Rapid Global Expansion With New North America Headquarters
Zoox Smart Data | October 15, 2020
International demand growing for innovative technology solution that allows customers to easily build and harness Big Data customer profiles from existing Wi-Fi networks Alpharetta, Georgia, October 15, 2020 — Zoox Smart Data (“Zoox”) is pleased to announce the expansion of its global operations with the establishment of its North America headquarters in the Atlanta metropolitan area. This move is part of a strategic global growth initiative that will allow Zoox to more effectively address the international hospitality and travel market with its established solution that provides unmatched visibility into guest preferences and behavi...
Zoox Smart Data Continues Rapid Global Expansion With New North America Headquarters
October 15, 2020
International demand growing for innovative technology solution that allows customers to easily build and harness Big Data customer profiles from existing Wi-Fi networks Alpharetta, Georgia, October 15, 2020 — Zoox Smart Data (“Zoox”) is pleased to announce the expansion of its global operations with the establishment of its North America headquarters in the Atlanta metropolitan area. This move is part of a strategic global growth initiative that will allow Zoox to more effectively address the international hospitality and travel market with its established solution that provides unmatched visibility into guest preferences and behavi...
Hyatt and Genting Americas Announce Plans for Hyatt Regency JFK at Resorts World New York
Hyatt Hotels Corporation | October 14, 2020
CHICAGO (October 14, 2020) – Hyatt Hotels Corporation (NYSE: H) and Genting Americas announced today plans for a new hotel located at Resorts World Casino New York City (RWNYC). Hyatt Regency JFK at Resorts World New York is scheduled to open in the first quarter of 2021, and will be an eight-story 400-room four-star hotel with residential-inspired guestrooms and premium suites with energizing design and insightful in-room technology. The hotel will also include new restaurants, state-of-the-art conference and meeting spaces, retail options, and additional gaming areas. RWNYC is the only casino in New York City, offering over 6,000 slots a...
All-New stayAPT Suites Hotel Brand Launches in U.S.
stayAPT Suites | October 14, 2020
MATTHEWS, N.C., Oct. 13, 2020 - New hotel brand stayAPT Suites is providing U.S. travelers with an unmatched hotel experience as the venture launches nationwide this fall beginning with their first location, which opened October 1 in Goldsboro, N.C. Guiding the stayAPT Suites experience is a design philosophy that abandons the traditional one-room hotel layout in favor of a residential-feeling suite with intentional spaces. Travelers visiting the Eastern region of the country will be among the first to utilize the game-changing layout marked by a dedicated living room, full kitchen, and separate bedroom. stayAPT Suites opens several new ...
Hospitality Asset Managers Association (HAMA) Release “Fall 2020 Industry Outlook Survey” Results
HAMA | October 14, 2020
BOSTON - The Hospitality Asset Managers Association (“HAMA”) today released the results of a wide-ranging survey of asset managers' thoughts, experiences and forecasts for the upcoming year as the hotel industry continues to deal with the on-going pandemic. With more than 100 participants, topics ranged from the impact of COVID-19 on RevPAR to which major brands were viewed as having most effectively addressed guest health and safety concerns. The survey also went into depth on the current and future financial status of participant hotels and made predictions on when the recovery will proceed. The survey was conducted in preparation f...
Study Reveals Increasing Importance of OTA Travelers in Economic Recovery
Expedia Group | October 14, 2020
SEATTLE - A new Expedia Group study, in partnership with global research firm BVA BDRC, examines the contributions of online travel agencies (OTAs) to the US travel and tourism sector, the spending patterns of OTA travelers, and the role of OTAs in the hotel booking journey. The research points to the increasing importance of OTA travelers to propel economic recovery for the US travel industry. Key findings Traveler Preferences Traveler Behaviors Travelers are 57% more likely to book their travel through an OTA now than before COVID-19 Domestic OTA travelers spend 16% more per trip and 5% more on-property tha...
To Pay or Not to Pay: When Dividend Policy Rhymes With Business Strategy
Dr Cédric Poretti | October 14, 2020
By Dr Cédric Poretti The current dividend drought The COVID-19 crisis is putting the global economy under pressure in an unprecedented way. Companies worldwide have been forced to cut their dividend payouts. Based on the Janus Henderson Global Dividend Index (August 2020), global dividends fell by 22% to $382.2bn in the second quarter of 2020. However, significant variations appeared across regions and industries. North American dividends barely changed on a year-on-year basis, while in Europe, 54% of firms reduced their dividend payouts. In France, payouts dropped by 57%, in Spain by 70%, in Germany by 19%, while no change appeared (on a ...
Aimbridge Hospitality Selected to Manage Renaissance Charleston Historic District Hotel
October 14, 2020
Aimbridge Hospitality, the leading, global, third-party hotel management company, announces it has been selected to manage the Renaissance Charleston Historic District Hotel. With specialized operating expertise across all verticals and a deep understanding of full-service properties, Aimbridge Hospitality leverages its scale to add resources, efficiencies, and proprietary tools along with operating acumen focused on nuance. “We are very pleased to be the designated management company for Renaissance Charleston Historic District Hotel,” said Mike Deitemeyer, Global President of Aimbridge Hospitality. “As we continue to expand our ful...
Avison Young Announces Weekly Open Forum
Avison Young | October 14, 2020
ATLANTA – October 14, 2020 – Avison Young Hospitality Group announces the firm launched a weekly virtual forum for every Monday at 2pm eastern starting with next Monday, October 19th. The forum will start with a very short overview of the previous week lodging performance at the property level as well as at the publicly traded level. The main focus of the 45-minute virtual forum is to answer live questions from the participants. Keith Thompson said, “This forum is for private and public hotel investors, owners, operators who needs clear answers and sound advice. The hotel investment world has changed since COVID and we want to be a r...
Four Seasons Resort Hualalai Welcomes New Executive Chef Richard Polhemus
Four Seasons Resort Hualalai | October 14, 2020
Richard Polhemus joins Four Seasons Resort Hualalai as Executive Chef. Polhemus has 15 years of experience with Four Seasons Hotels and Resorts worldwide, and will lead the Forbes Five-Star and AAA Five-Diamond Resort’s dynamic food and beverage program. Overseeing the Resort’s five dining outlets, in-room dining, catering, and Hualalai Resort’s residential clubhouses, Polhemus will lead the culinary team to ensure each outlet and each event is carefully executed and uniquely considered. “My entire career has been grounded in a farm-to-table approach,” says Richard Polhemus. “I’ve always let nature and seasonality g...
The St. Regis Cap Cana Resort & Residences Celebrates Groundbreaking in the Dominican Republic
St. Regis Hotels & Resorts | October 14, 2020
St. Regis Hotels & Resorts today celebrated the groundbreaking of The St. Regis Cap Cana Resort & Residences, expected to be the first St. Regis hotel in the Dominican Republic. Slated to open in 2023, the resort is expected to feature 200 luxurious guest rooms and suites with spectacular ocean views and 67 residences, in addition to the iconic St. Regis Butler Service, bespoke amenities and a world-class golf course designed by Jack Nicklaus. President of the Dominican Republic The Honorable Luis Abinader Corona, Executive Vice President for Pioneer Funds Yamil Isaías, President of Campagna Ricart & Associates Dino Campagna, ...
Consumer Survey Finds 70 Percent of Travelers Plan to Holiday in 2021
WTTC | October 14, 2020
Research provides data on issues industry needs to address to hasten recovery An overwhelming majority of US and Canadian travelers (99 percent) are eager to travel again, with 70 percent stating that they plan to take a holiday in 2021, according to a Travel Leaders Group survey of nearly 3,000 frequent travelers. The survey was conducted in September in conjunction with the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector. Results indicate that 45 percent of respondents have already made plans or are starting to make finite plans for their next holiday, while 54 percent say the...
What Are the Best KPIs for Measuring Hotel Profitability?
HotStats | October 14, 2020
As COVID-19 continues its charge unabated, it’s natural for hoteliers to feel like they’re on loose financial footing. And as room revenue becomes less predictable, many hoteliers are seeing their revenue-only strategies give way beneath them. Want to build your plans around a more solid hotel performance indicator? Look no further than benchmarking hotel profitability. By measuring hotel profitability, hoteliers can cement their performance strategy in figures that tell a true story of the hotel’s financial health. In this article, we lay out the top KPIs for measuring hotel profitability and pick out ways to use them to gener...
How Online Payments Encourage More Guest Spend
Larry Mogelonsky | October 14, 2020
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) Now that Covid has forced hotels to adopt touchless or cashless payment methods, it’s worth a bit of a history lesson on why these upgrades may actually be unconsciously cajoling your guests to spend a bit more with your hotel. Knowing the underlying psychology, you can then develop methods to maximize revenue capture. First, let’s backtrack a bit and look at what the pandemic has wrought. With the implementation of viral safety measures such as plastic barriers at the front desk, queue markers on the ground for socially distanced lineups and mandating all employees (and possibl...
Allbridge and Ipanema Solutions Merge to Simplify Technology Implementation for Hotels
Allbridge | October 14, 2020
RALEIGH, N.C., Oct. 14, 2020 -- Allbridge, the leading provider of data, video, and voice technologies for hospitality and senior living properties, is pleased to announce that they have merged with Ipanema Solutions ("Ipanema"), a provider of technology engineering, systems design, and project management for new build hotels. Ipanema offers brand-approved technology design and implementation to streamline the process of deploying converged networks and smart building technologies. The company enables developers to reduce long-term technology management costs and implement reliable, enterprise-class infrastructure. As the hospitality...
Nomadix Casting Enables Guests to Personalize Their In-Room Entertainment Experience
Nomadix | October 14, 2020
Simplified for Guests; Right Sized for Hotels LOS ANGELES, Calif. – October 14, 2020 – Nomadix Inc., a technology leader in hospitality and MDU, today announced its new cost-effective solution Nomadix Casting, which enables guests to choose the content they want to watch and cast it with their devices directly to the in-room TV. As more people “cut the cord” and stream their own content at home, the guest preference to access the same content when they travel has significantly increased. Nomadix Casting modernizes the guest experience while providing an affordable and secure solution for hotels to meet this new demand. ...
IDeaS and Host Hotel Systems Implement Two-Way Data Integration
IDeaS | October 14, 2020
Hotel technology partners combine industry-leading automated solutions to increase productivity and profitability MINNEAPOLIS—Oct. 14, 2020—IDeaS and Host Hotel Systems have announced a two-way data integration to provide hotels with the most advanced science and automation to optimize the front- and back-office operations while maximizing revenue performance. The collaboration automates the seamless transfer of information between IDeaS’ revenue management solutions and Hostpms Property Management System (PMS). Accurately forecasts true demand – By streamlining the exchange of data between the Hostpms PMS and IDeaS RMS and G3...
Survey: 9 in 10 Voters Support Congress Passing Another COVID Relief Bill To Help Distressed Businesses
AHLA | October 13, 2020
WASHINGTON (October 13, 2020) – Americans are concerned about the impact of the coronavirus pandemic on all aspects of the economy, and 90 percent support Congress passing another economic stimulus bill to help distressed small businesses and employees, according to a new survey of registered voters conducted by Morning Consult and commissioned by the American Hotel & Lodging Association (AHLA). A resounding 89 percent agree that Congress should remain in session until reaching an agreement on an economic stimulus package. “Millions of Americans are out of work, and thousands of small businesses are dying,” said Chip Rogers, pres...
STR: U.S. Leads in Hotel Openings During Pandemic
STR | October 13, 2020
HENDERSONVILLE, Tennessee—The U.S. opened more hotels and rooms than any country between the beginning of March and end of September, according to global pipeline data from STR. At the same time, the country has shown significant growth in project deferrals and abandonments. As of 1 October, the U.S. opened 521 properties accounting for 55,395 rooms over the seven-month period. Five additional countries have opened more than 2,000 rooms throughout the course of the pandemic. 1. U.S. (55,395 rooms) 2. China (23,470 rooms) 3. Japan (16,304 rooms) 4. Germany (9,027 rooms) 5. Canada (2,748 rooms) 6. United Kingdom (2,481 ro...
