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Xenia Hotels & Resorts Reports Second Quarter 2020 Results
Xenia Hotels & Resorts, Inc. | July 31, 2020
ORLANDO, Fla., July 31, 2020 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended June 30, 2020. Second Quarter and Year to Date 2020 Highlights Hotel Status: The Company had 8 hotels open and operating for the entire month of April. Having temporarily suspended operations at 31 hotels between late March and early April, the Company recommenced operations at 5 hotels in May and 13 hotels in June. Therefore, at the end of the second quarter, 26 hotels were open and operating. By July 31, 2020, the Company will have recommenced operations at 9 additional hotel...
Radisson RED Aarhus Opens in Denmark Marking Brand First in Scandinavia
Radisson RED | July 31, 2020
Brussels/Aarhus - July 31, 2020 - Located in the heart of Denmark’s second biggest city and vibrant cultural hub, Radisson RED Aarhus is pleased to open its doors and welcome guests to a new urban hotspot geared towards the social and modern traveler. “With statement design, spacious rooms with big balconies and maximalist details in the form of bold patterns and pops of color, the first Radisson RED hotel in Scandinavia is a true multisensory experience. This is a great start for Radisson RED in the Nordic region, with new properties planned in both spectacular Reykjavik, Iceland and urban Oslo, Norway. With this reinforcement of our p...
Host Hotels & Resorts, Inc. Reports Results For Second Quarter 2020
Host Hotels & Resorts | July 31, 2020
BETHESDA, Md., July 31, 2020 -- Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for the second quarter of 2020. James F. Risoleo, President and Chief Executive Officer, said, “I am incredibly proud of Host’s swift and decisive response to the challenging operating environment we faced in the second quarter. We significantly reduced our monthly hotel-level loss from April to June by working with our operators to reopen 19 hotels in a socially and financially responsible manner while continuing to carefully control expenses. O...
Marriott, Hilton, and IHG Continue to Dominate the U.S. Hotel Construction Pipeline at Q2’20 Close*
Lodging Econometrics | July 31, 2020
July 31, 2020 – PORTSMOUTH, NH – In the recently released quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of the second quarter of 2020 are Marriott International with 1,487 projects/195,952 rooms, followed by Hilton Worldwide with 1,395 projects/160,078 rooms, and InterContinental Hotels Group (IHG) with 920 projects/94,499 rooms. Combined these three companies account for 68% of the projects in the total pipeline; roughly the same percentage as the Q1’20 close. Hilton’s Home2 Suites and IHG’s Holiday Inn Expre...
U.S. Travel Reacts to Economic Plunge
The U.S. Travel Association | July 31, 2020
WASHINGTON (July 31, 2020)—U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on the record plunge in U.S. GDP announced Thursday morning: “This morning’s news of a 32.9% Q2 contraction is evidence that this economy is not going to be able to make it up off the mat without bold action by Congress to provide significant and meaningful relief. “The travel industry, which helped employ one in 10 Americans last year, has been hit hardest by the economic fallout of the pandemic—having lost half its jobs already and on track for a drop of more than a half...
How Will the Hotel Industry Recover From COVID-19?
JLL | July 31, 2020
Hotels were hit fast and hard when the pandemic began to spread. What’s next for the sector? If Hollywood writers had written the script for how fast and hard the hotels industry was hit by COVID-19, most producers would have laughed them out of their office. Nearly overnight, many hotels went from “no vacancy” to “high vacancy.” But even before that, disruption had upended the sector. From Airbnb to VRBO and others like them, many outside forces were pushing dramatic change on the industry. Guests wanted an experience, not just a room. As Gilda Alverado-Perez, CEO of JLL’s Hotels & Hospitality Americas, tells James C...
Southern Lodging Summit Conference Postpones Physical Event to Host Southern Lodging Summit Virtual Update
The Southern Lodging Summit | July 31, 2020
MEMPHIS, Tenn., July 31, 2020—Officials of the Southern Lodging Summit (SLS), an annual hotel conference focusing on development and operations throughout the southern United States, today announced it will postpone this year’s physical gathering due to the on-going coronavirus pandemic. Instead, the organization will host a “virtual update,” providing pre-recorded sessions to interested parties. “While there is nothing more we wanted than to host this year’s event in person, Memphis and Shelby County remain in Phase Two of its recovery, meaning we are limited in terms of the number of people who can gather,” said Wayne Tab...
Pebblebrook Hotel Trust Reports Second Quarter 2020 Results
Pebblebrook Hotel Trust | July 31, 2020
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE:PEB): REOPENING & REDEVELOPMENT OF HOTELS AND RESORTS 24 hotels and resorts currently open, approximately half of the Company’s portfolio, and expecting to reopen an additional 5 hotels by mid-August, for a total of 29 open hotels and resorts All 8 resorts are experiencing a healthy recovery in occupancy and EBITDA and in total, they are achieving average rates at a premium to 2019 Completed 8 redevelopment projects; 40 of 53 hotels and resorts have undergone transformational redevelopments or comprehensive renovations in the last 5 years AVERAGE MONTHLY CASH BURN ...
Allegretto Vineyard Resort Appoints Shannon Spivey as National Sales Manager
the Allegretto Vineyard Resort | July 31, 2020
July 31, 2020 (Paso Robles, Calif.) – The Allegretto Vineyard Resort, the acclaimed 171-room luxury resort in the Paso Robles wine region, is pleased to announce the appointment of Shannon Spivey as National Sales Manager. California native Spivey brings over 14 years of luxury hotel sales management to her role as National Sales Manager for the Allegretto Vineyard Resort. A proven results-oriented sales professional with a can-do spirit, Spivey first started her hospitality career as the Sales Manager for Larkspur Hotels & Restaurants in Los Gatos, California, before heading up sales efforts for such esteemed properties as Hotel Los...
Canada’s Hotel Construction Pipeline Continues to Expand Year-Over-Year*
Lodging Econometrics | July 31, 2020
July 31, 2020 – PORTSMOUTH, NH - According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline continued to expand at the close of Q2’20 with 296 projects/39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY). All stages of the pipeline have experienced increases, YOY. Projects under construction stand at 98 projects/12,255 rooms, up 7% by projects and 10% by rooms. Projects scheduled to start construction in the next 12 months includes 107 projects/12,530 rooms, both up 13%, and projects in the early planning stage stand at 91 projects/14,860 rooms, up 6% and ...
STR: Canada Hotel Results for Week Ending 25 July
STR | July 30, 2020
HENDERSONVILLE, Tennessee—STR data for 19-25 July 2020 shows a continued steady rise in Canada’s hotel performance but the same significant level of year-over-year declines. In comparison with the week of 21-27 July 2019, the industry reported the following: Occupancy: -54.6% to 35.4% Average daily rate (ADR): -30.5% to CAD126.07 Revenue per available room (RevPAR): -68.4% to CAD44.66 Two provinces reached a 40% occupancy level: British Columbia (46.1%) and Manitoba (41.8%). Ottawa (32.6%) and Vancouver (32.2%) were the only major markets at or above the 30% mark. The lowest occupancy among provinces was reported in...
Rosewood Shanghai to Break Ground in 2022
Rosewood Hotels & Resorts | July 30, 2020
Rosewood Hotels & Resorts® has been appointed by Shanghai-based property development company, Lonsen Land Group, to manage Rosewood Shanghai, a new hotel in mainland China set to break ground in 2022, with an expected opening in 2028. Ideally situated in the heart of Shanghai’s Jing’An District and Suhewan area, an emerging business and cultural hub, Rosewood Shanghai will offer travelers unparalleled access to the city. The announcement of Rosewood Shanghai underscores the brand’s careful, selective growth strategy in Asia and across the globe, as well as the strength of its impressive property pipeline, which is now the most rob...
STR: U.S. Hotel Results for Week Ending 25 July
STR | July 30, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 25 July showed slightly higher occupancy and room rates from the previous week, according to STR. 19-25 July 2020 (percentage change from comparable week in 2019): Occupancy: 48.1% (-37.9%) Average daily rate (ADR): US$99.24 (-27.3%) Revenue per available room (RevPAR): US$47.75 (-54.8%) U.S. occupancy has risen week over week for 14 of the last 15 weeks, although growth in demand (room nights sold) has slowed. Aggregate data for the Top 25 Markets showed lower occupancy (40.8%) and ADR (US$97.32) than all other markets. Norfolk/Virginia Bea...
Pebblebrook Hotel Trust Completes Sale of Union Station Hotel Nashville, Autograph Collection
Pebblebrook Hotel Trust | July 30, 2020
BETHESDA, Md. - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 125-room Union Station Hotel Nashville, Autograph Collection in Nashville, TN for $56.0 million to a third party on July 29, 2020. Proceeds from the sale of Union Station Hotel Nashville, Autograph Collection will be utilized for general business purposes which may include reducing the Company’s outstanding debt....
COVID-19 Testing Is Critical to Restart Travel Safely
the Global Business Travel Association | July 30, 2020
GBTA Urges the EU to Boost Testing Capabilities Brussels, Belgium (30 July 2020) – As the travel industry braces for a second Covid-19 wave, GBTA, the Global Business Travel Association, calls for widening testing capabilities and requirements across the EU as a better alternative to blanket travel restrictions. “Sudden and unilateral shifts in government response, such as imposition of quarantines or border closures, take a heavy toll on the travel industry, further impeding economic recovery and causing chaos for travellers”, says Dave Hilfman, new Executive Director of GBTA and airline industry veteran. “Increased testing is w...
MGM Resorts International Names William J. Hornbuckle Chief Executive Officer
MGM Resorts International | July 30, 2020
LAS VEGAS, July 30, 2020 - The MGM Resorts International (NYSE: MGM) Board of Directors today announced that William (Bill) J. Hornbuckle has been elected as Chief Executive Officer and President, effective immediately. Hornbuckle has been serving the company as Acting CEO and President since March 2020. He succeeds former Chairman and CEO Jim Murren, who stepped down earlier this year. Hornbuckle was also appointed to serve on the company's Board of Directors, effective immediately. "After a thorough national search, the board unanimously concluded that Bill is the best candidate to lead MGM Resorts through these immensely challenging tim...
Tourism Restarts: 40% of Destinations Have Now Eased Travel Restrictions
July 30, 2020
The responsible restart of tourism is underway around the world as growing numbers of destinations ease COVID-19 related travel restrictions and adapt to the new reality. According to the latest analysis from the World Tourism Organization (UNWTO), 40% of all destinations worldwide have now eased the restrictions they placed on international tourism in response to COVID-19. The United Nations specialized agency for tourism has been monitoring global responses to the pandemic from the start of the crisis. This latest outlook, recorded on 19 July, is up from 22% of destinations that had eased restrictions on travel by 15 June and the 3% prev...
Hyatt Signs With Intriva for Conversion of Iconic Byblos Hotel in Mijas, Spain
The Unbound Collection by Hyatt | July 30, 2020
CHICAGO (July 30, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with a wholly owned subsidiary of Intriva Capital European Principal Investment Fund I LP (“Intriva”), a European private equity fund, to see the former iconic Byblos Hotel in Mijas redeveloped into a luxury 200-bedroom resort. The property, which has been closed since 2010, will be managed by Marugal Hotel Management and will mark the first Hyatt-branded hotel in Southern Spain. Expected to open in early 2022, guests and World of Hyatt members will be able to enjoy the latest addition to The Unb...
4 Alternative Uses for a Hotel During COVID-19
HotStats | July 30, 2020
Every second that hotels sit vacant, money is being burned. It’s an unfortunate byproduct of COVID-19. However, savvy hoteliers are finding creative ways to repurpose these now underused hotel spaces to generate extra revenue. Here are five alternative hotel revenue generators and how to put them into action: 1. First Responder Quarters By providing housing to first responders and essential workers, hotels can supply a much-needed service and bring in extra cash. In some cases, cities have offered to lease hotels for an estimated $1 million per month to house emergency medical staff. In addition to acting as an additional revenue ...
InterContinental® Chongqing Raffles City Opens in China
IHG | July 30, 2020
IHG® (InterContinental Hotels Group) celebrates the official opening of InterContinental®Chongqing Raffles City today. Located in Chao Tian Men Square of downtown Chongqing, China, InterContinental Chongqing Raffles City is part of the iconic Raffles City complex – a new modern landmark. Auspiciously located at the confluence of the Yangtze and Jialing Rivers, the state-of-the-art high-rise hotel is close to famed local attractions such as Jiefangbei and Hongyadong. The hotel occupies the top floors of one of the tallest towers, as well as part of The Crystal, an iconic skybridge 300 metres in length, connecting the top of four skyscrap...
A-1 Hospitality Group Now Managing Homewood Suites by Hilton in New Braunfels, Texas
A-1 Hospitality Group | July 30, 2020
Kennewick, WA – July 30, 2020 – A-1 Hospitality Group, a family owned and operated hotel management and development company based in Kennewick, Washington announced today that it has acquired the management contract for the Homewood Suites by Hilton New Braunfels, a 90-suite property. This is the third addition into the A-1 Hospitality Group portfolio this year. It previously opened the Courtyard by Marriott in Pasco, Washington in February, as well as the Holiday Inn Express & Suites in The Dalles, Oregon in April. Located at 620 Oxford Drive, the all-suite hotel offers guests convenient access to the Comal River, the Guadalupe Ri...
HTNG to Offer Free Membership to Employees in Transition
Hospitality Technology Next Generation (HTNG) | July 30, 2020
CHICAGO (July 30, 2020) – Hospitality Technology Next Generation (HTNG) extends free memberships through the end of the year to individuals who have recently been laid off by HTNG member companies. HTNG recognizes many valuable individuals previously employed with a member company are now in the unfortunate position of being in a job transition. As an important community for education, networking and career development, HTNG is offering complimentary memberships as a resource to help these individuals maintain and improve their skills to ultimately find their next professional opportunity. Free memberships to any former employee of an...
The Hotel at the University of Maryland Taps Russ Dlin as Sales Manager
The Hotel at the University of Maryland | July 30, 2020
COLLEGE PARK, Md. (July 30, 2020) – The Hotel at the University of Maryland, a luxury hotel and conference center adjacent to the University of Maryland (UMD), is pleased to announce Russ Dlin as its new sales manager. Dlin joins the team with over two decades of experience and will spearhead The Hotel’s sports and special markets, as well as identify new business, arrange and conduct special events, site inspections and off-site presentations, and work closely with other hotel departments to facilitate services agreed upon by the sales office and potential clients. “Russ’s impressive resume and experience make him an asset to o...
Communication Agility Is Key to MOHG’s Ability to Continue to Deliver Superior Service Amidst COVID-19
Andrada Paraschiv | July 30, 2020
Mandarin Oriental Hotel Group’s Group Director of Rooms and Quality Anja Luthje shares share how the Beekeeper employee communication platform is helping this iconic hotel chain to engage and motivate its colleagues on the road to re-opening By Andrada Paraschiv With the resurgence of COVID-19 cases in many parts of the world, hoteliers need to be more agile today than ever before. As newly crafted safety and operating protocols continue to evolve, hoteliers must react quickly to ensure that changes are carried out effectively by their frontline employees. In a recent webinar titled “Communicating for Agility,” Anja Luthje, Gr...
