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Davidson Hotels & Resorts Selected to Operate Margaritaville Orlando Resort
Davidson Hotels & Resorts | May 1, 2020
Resort marks third Margaritaville property in current management portfolio ATLANTA (May 1, 2020) – Davidson Hotels & Resorts, one of the nation’s leading full-service hospitality management companies, has been tapped by Encore Capital Management to assume management of Margaritaville Resort Orlando. A destination in and of itself, the 186-room casual-luxe resort features four on-site distinctive dining and lounge experiences; lagoon-style pools; signature St. Somewhere Spa; teen and kids’ clubs; Sunset Walk Entertainment District; Island H2O Live! Water Park, and more than 40,000 sq. ft of flexible meeting and event space. “...
PurpleCloud Donates Free Covid Response (CR) Task Platform to Provide Hotels With Enhanced Cleaning and Safety Protocols
PurpleCloud | May 1, 2020
Atlanta, May 1, 2020 - PurpleCloud today announced the release of PurpleCloud CR (Covid Response), a streamlined free version of its hotel task optimization platform, designed to help hospitality organizations meet today’s enhanced cleaning and safety protocols. PurpleCloud Technologies CEO and Co-Founder Adria Levtchenko made the announcement. PurpleCloud CR is pre-loaded with expert materials to help hospitality teams jumpstart housekeeping programs, which will be especially useful as hotels ramp up occupancy or reopen in the future. The platform includes comprehensive training materials that operate on tablets, smartphones or computer...
Web Traffic Shows Early Signs of Positive Trend Across All Regions
Sarah McCay Tams | May 1, 2020
By Sarah McCay Tams, Director of Content, EMEA at Duetto The latest edition of our bi-weekly Pulse Report published earlier today, providing hoteliers from around the world with a snapshot on key market metrics for April 6-19. Providing an in-depth look at On the Books, New Bookings, Cancellations and Web Traffic data, the latest edition of the Report included the latest demand signals for Latin America as well as APAC, EMEA and North America. The Duetto Team added the Latin American data to the report following suggestions from subscribers. “We added Latin America into our second iteration of the Pulse Report because we got a r...
Social Distancing: Short and Long-Term Implications for the Foodservice Industry
Hospitality Insights | May 1, 2020
How social distancing is impacting the foodservice industry, and what new trends and innovations operators can expect to see in the coming weeks, months and years. Social distancing: not just a trend, but a new pattern In light of the COVID-19 pandemic, government-mandated closures and social distancing measures have heavily impacted the foodservice industry on a global level, forcing many businesses to re-strategize as they fight for short-term survival. But what will happen in the long run? Experts predict that the new containment measures – and in particular, social distancing – will last well beyond the next few weeks, as government...
Consumer Interest in Travel Categories Remains Significantly Lower
Comscore | May 1, 2020
Visitation to travel sites 55-65 percent lower than volumes during week of February 3, 2020 RESTON, Va., May 1, 2020 -- The latest insights from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, shows that consumers are seemingly still not ready to think about travel plans amid the ongoing COVID-19 pandemic. The continuing depressed visitation volume has also translated to a downward trend in consumer spending on travel. Overall, Comscore observed a 43 percent year over year drop in desktop travel spending for the month of March 2020, despite the fact that the ...
COVID-19 Outbreak Has Jeopardized UK Hospitality Sector, Says GlobalData
GlobalData | April 30, 2020
The COVID-19 outbreak has caused mass cancellation of corporate events, international congress meetings, sports and social events. International travel bans in addition to the UK’s lockdown and social distancing measures are expected to severely impact the hospitality industry in the UK, says GlobalData, a leading data and analytics company. The hospitality and leisure industry contribute 5% of national GDP and accounts for 10% of employment in the country, according to UKHospitality. The main tourism source markets for the UK are major European countries including Belgium, France, Germany, Ireland, Italy, Spain, the US and Australia. Th...
The Los Angeles Market Continues to Lead the U.S. Hotel Construction Pipeline at the Close of the First Quarter of 2020*
Lodging Econometrics | April 30, 2020
April 30, 2020 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020, the top five U.S. markets with the largest total hotel construction pipelines are: Los Angeles with 166 projects/27,752 rooms; Dallas with 164 projects/19,999 rooms; New York City with 152 projects/26,111 rooms; Atlanta with 143 projects/19,423 rooms; and Houston with 132 projects/13,316 rooms. Nationally, under construction project counts hit a new all-time high with 1,819 projects with 243,100 rooms. Markets with the greatest number of projects already in the ground are led by New York City with 108 projects/1...
Extended Stay America Opens Newest Location in Hilton Head, South Carolina
Extended Stay America | April 30, 2020
Charlotte, NC, April 30, 2020 — Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the opening of the Extended Stay America – Bluffton – Hilton Head, in Bluffton, South Carolina. This is the fourth corporately owned new construction property to open within the year. The 120-room property features complimentary Wi-Fi, free onsite parking, fitness room, laundry room, and a spacious lobby area for its free breakfast with additional vending options. The Bluffton property’s rooms include fully equipped kitchens with full-size refrigerators, stovetop, cookware, utensils, and dis...
WTTC Outlines What “The New Normal” Will Look Like as We Start to Travel
April 30, 2020
London, UK: The World Travel & Tourism Council (WTTC) has outlined what the “new normal” will look like as countries begin to end their COVID-19 lockdowns and ease travel restrictions. “Travelling in the New Normal” is part of WTTC’s plan which includes critical steps and coordinated actions, including new standards and protocols, which offer a safe and responsible road to recovery for the global Travel & Tourism sector as consumers start planning trips again. For the last few weeks, WTTC, which represents the global Travel & Tourism private sector, has been marshalling the efforts of the private sector, sharing be...
David Chestler Joins PROVision Partners
PROVision Partners International | April 30, 2020
‘The Revenue Catalyst’ brings strategic expertise and real-world experience bolstering the firm’s hospitality technology advisory and distribution services capabilities New Smyrna Beach, Florida, April 30, 2020 — PROVision Partners International is pleased to announce David Chestler as Senior Managing Director – Distribution and Technology. Nicknamed “The Revenue Catalyst,” the 30-year industry veteran is well-known for being a deeply engaged leader of sales strategy, sales operations, and people management process. Chestler joins the PROVision Partners executive leadership team of Co-Founder and CEO Greg Pesik, Co-Founder an...
STR: U.S. Hotel Results for Week Ending 25 April
STR | April 30, 2020
HENDERSONVILLE, Tennessee—Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry recorded the following: Occupancy: -62.2% to 26.0% Average daily rate (ADR): -42.9% to US$73.61 Revenue per available room (RevPAR): -78.4% to US$19.13 Year-over-year declines were less steep than previous weeks due to a comparison with the time of Passover in 2019. Additionally, absolute occupancy rose slightly ...
STR: Canada Hotel Results for Week Ending 25 April
STR | April 30, 2020
HENDERSONVILLE, Tennessee—Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 19-25 April 2020, according to data from STR. In comparison with the week of 21-27 April 2019, the industry reported the following: Occupancy: -76.9% to 15.0% Average daily rate (ADR): -32.2% to CAD101.22 Revenue per available room (RevPAR): -84.4% to CAD15.14 Among the provinces and territories, Quebec experienced one of the largest drops in occupancy (-87.7% to 7.9%), which pushed the steepest decrease in RevPAR (-91.6% to CAD8.20). Newfoun...
IDeaS Increases Investment in Education and Releases Revenue Management Online Learning to the Public
IDeaS | April 30, 2020
In uncertain times, IDeaS opens its Revenue Management Foundations courses to all and partners with renowned universities to educate and empower tomorrow’s revenue leaders Tweet This: @IDeaS_RevOpt is now offering its Revenue Management Foundations courses to the global revenue management community free of charge. www.ideas.com/news MINNEAPOLIS—April 30, 2020—Maintaining an active role in empowering the industries it serves, IDeaS, the revenue science pioneer, announced today it has made its Revenue Management Foundations courses available to the global revenue management community, free of charge. Additionally, it has added the W...
Hospitality Industry United for “Buy One, Give One” Campaign to Jumpstart Travel, Support Hotels and Provide Thank You to Healthcare Workers
HSMAI | April 30, 2020
NEW YORK (April 30, 2020) To help jumpstart leisure travel, the hospitality industry has united to launch Buy One, Give One, a “vacay layaway” program designed to generate immediate revenue for hotels, while simultaneously providing a “thank you” to healthcare workers who have been tirelessly working on the front lines. Available at BuyOneGiveOneStay.com through June 30, the initiative incentivizes consumers to purchase future travel now with special offers ranging from discounted stays to gift cards to loyalty points for redemption prior to travel. In return, participating hospitality brands/hotels will donate room nights, gift ca...
Commercial Real Estate Valuation in the Covid-19 Era
Prashant Das | April 30, 2020
By Prashant Das & Remy Rein Glossary REIT: Real Estate Investment Trust, a company which owns and operates real estate assets and enjoys a special tax treatment. REOC: Real Estate Operating Company which did not opt for the REIT status. NCREIF: National Council of Real Estate Investment Fiduciaries. A consortium of commercial property owners which pool their data for creating real estate performance indices and benchmarks. NPI.Lev: NCREIF Property Index after accounting for payout to lenders. When Covid-19 struck, the markets reacted. Since the beginning of 2020, REIT returns have nosedived: -60% in ret...
A Reason to Smile During the COVID-19 Pandemic
Shep Hyken | April 29, 2020
By Shep Hyken I’m going to switch up my typical customer service and experience content to share a little motivation. My buddy and fellow professional keynote speaker, Joey Coleman, is one smart dude. He made a great observation about the way people are reacting to the COVID-19 pandemic. He noticed that the quarantine and stay-at-home orders are magnifying people’s personality traits. For example, if you are an optimistic person, you may be showcasing that side of your personality more than ever. If you’re a giver, you may be exhibiting more generosity than usual by supporting—financially or any other way—healthcare workers,...
Coronavirus May Kill the Airbnb Super Host
Larry Mogelonsky | April 29, 2020
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) All of travel is taking a beating from the pandemic. None are excluded and the situation will continue to play out over the next two years as some organizations adapt while, unfortunately, others die out. Looking at the sharing economy, though, there are some interesting side effects from this crisis that might be advantageous for traditional hoteliers. Initially (late February), right as social distancing, lockdowns, flight restrictions and quarantines were being issued throughout Europe and North America, I had thought that COVID-19 would favor these alternate lodging providers. T...
Hotel Concept Handbook: Developing a Compelling Hotel Concept
Hospitality Insights | April 29, 2020
By Youri Sawerschel The hospitality industry is anything but dull. Each year brings with it a bounty of exciting destinations, revolutionary new hotels and glamorous renovations. But whereas the challenges of the previous 20 years were mainly tied to one overarching paradigm shift – digitization – the decade ahead brings with it a number of industry disrupting trends and events that are changing what it means to be a hotelier. Beyond traditional amenities 10 years ago, hoteliers were still wondering if they should invest in in-room Wi-Fi (yes) and charge guests extra for the service (no). What has them biting their nails now is wheth...
Lodging Interactive Launches Touchless Digital Menu System for Restaurants and Hotels
Lodging Interactive & commingle:engage | April 29, 2020
PARSIPPANY, NJ - April 29, 2020 - Lodging Interactive the hospitality industry's premier provider of full-service social media marketing and guest reputation management services today, announced the launch of MyMenusOnline, its new touchless digital restaurant menu system. With MyMenusOnline restaurant guests simply scan a tableside QR code or NFC tag to view the restaurant's menu on their own mobile device. The system is meant to replace traditional printed menus and eliminates concerns in potentially passing germs between in-house dining guests handling the same menus. “The new normal has us all concerned with the cleanliness of every...
During COVID-19, Economy Hotels Lead the Way in Housing Essential Workers
JLL | April 29, 2020
Economy and select-service hotels have emerged as leaders in the hotel sector, housing essential workers on the frontlines of the coronavirus pandemic while taking steps to keep guests and employees safe. First responders, such as healthcare workers, now constitute a significant portion of the demand in many hotel markets around the globe, says Geraldine Guichardo, Global Head of Research for JLL's Hotels & Hospitality Group. “Extended-stay hotels, particularly within the lower-priced segment, are seeing the most demand,” Guichardo says. In the U.S., these hotel sectors saw occupancy rates in the 40 to 45% range for the week ...
100% of Global Destinations Now Have COVID-19 Travel Restrictions, UNWTO Reports
The World Tourism Organization (UNWTO) | April 29, 2020
The COVID-19 pandemic has prompted all destinations worldwide to introduce restrictions on travel, research by the World Tourism Organization (UNWTO) has found. This represents the most severe restriction on international travel in history and no country has so far lifted restrictions introduced in response to the crisis. Following up on previous research, the latest data from the United Nations specialized agency for tourism shows that 100% of destinations now have restrictions in place. Of these, 83% have had COVID-19-related restrictions in place already for four or more weeks and, as of 20 April, so far no destination has lifted them. ...
U.S. Hotels Zapped Into Profit Shock From COVID-19
HotStats | April 29, 2020
U.S. hoteliers got their first taste of the impact of COVID-19 on hotel profit and loss in March, and the bad taste in their mouths is likely to linger for a while. Gross operating profit per available room (GOPPAR) was down 110.6% YOY to $-12.71. The triple-digit drop was by far the largest percentage decline ever recorded by HotStats since it started charting U.S. data. The previous high was -10.4% in March 2015. March 2020 also marked the first time in the HotStats database that the U.S. recorded a negative GOPPAR value. The decrease in GOPPAR was a result of gaping drops on the revenue side. RevPAR for the month was down 64.4%, heav...
STR: U.S. Hotel Profits Fell 101.7% in March
STR | April 29, 2020
BROOMFIELD, Colorado—U.S. hotel gross operating profit per available room fell 101.7% during March 2020, according to the first-ever monthly P&L data release from STR. In a year-over-year comparison with March 2019, the industry posted the following: GOPPAR: -101.7% to US$-2.10 TRevPAR: -64.0% to US$104.93 EBIDTA PAR: -116.8% to US$-15.44 LPAR (Total Labor Costs): -31.2% to US$66.16 “Our first U.S. monthly P&L release really could not have been timelier, given the unprecedented crisis the industry is facing amid the coronavirus pandemic,” said Joseph Rael, STR’s senior director of financial performance. “...
WTTC Now Estimates Over 100 Million Jobs Losses in the Travel & Tourism Sector and Alerts G20 Countries to the Scale of the Crisis
April 28, 2020
London, UK: The Travel & Tourism sector faces a staggering 100 million jobs losses due to the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC). The startling figure, based on research from WTTC, has increased by over 30% in the last four weeks, indicating the sheer crisis affecting the sector. The WTTC has alerted G20 Tourism Ministers to the extent of the crisis, as they gathered by virtual conference earlier today. Of the 100.8 million jobs at risk, almost 75 million of them are in G20 countries. WTTC analysis also shows a sharp escalation in the economic loss to the world economy, up to US$2.7 t...
