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STR, TE Maintain Projections in First U.S. Hotel Forecast of 2024
STR | January 24, 2024
HENDERSONVILLE, Tennessee—STR and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS). For 2024, growth in average daily rate (ADR) was raised by 0.1 percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. For 2025, growth projections for each of the key performance metrics were downgraded due to the long-term, average trends beginning to stabilize: occupancy (-0.1 ppts), ADR (-0.3 ppts) and RevPAR (-0.5 ppts). “U.S. ADR and RevPAR reached record ...
Mark Hoplamazian, Hyatt President and Chief Executive Officer, To Receive AHLA/ALIS’s Arne Sorenson Social Impact Leadership Award
AHLA | January 22, 2024
LOS ANGELES (January 22, 2024) – The American Hotel & Lodging Association (AHLA), the AHLA Foundation, and The BHN Group/Northstar Travel Group today announced that Mark Hoplamazian, President and Chief Executive Officer, Hyatt, will be awarded the Arne Sorenson Social Impact Leadership Award. Hoplamazian will be recognized during the AHLA Foundation’s fundraising gala, Night of a Thousand Stars on Sunday, January 21, as well as during the 23rd annual Americas Lodging Investment Summit (ALIS) on Tuesday, January 23. "Mark’s tenure at the helm of Hyatt is not just inspiring, it's a testament to his remarkable leadership and aptitu...
Shatterproof Honors Mark Hoplamazian, President and CEO of Hyatt
Shatterproof | November 28, 2023
Seventh Annual Hospitality Heroes Reception Recognizes Leading Hotel Executive for National Addiction Crisis Advocacy NORWALK, CT — Shatterproof, a national nonprofit organization dedicated to reversing the addiction crisis in the U.S., will host its seventh annual Hospitality Heroes Reception at the Americas Lodging Investment Summit (ALIS) on January 23, 2024, from 6:30 - 7:45 p.m. at the J.W. Marriott in Los Angeles. The reception will honor Mark Hoplamazian, president and CEO, Hyatt Hotels Corporation, who has been integral in uniting hospitality leaders to raise awareness and shatter the stigma surrounding addiction. The event ...
ISHC Honors Alejandro Zozaya With the Pioneer Award at ALIS
ISHC | February 8, 2023
Los Angeles – February 8, 2023 — The International Society of Hospitality Consultants (ISHC) in partnership with the Americas Lodging Investment Summit (ALIS) presented Alejandro Zozaya, former Chairman of Apple Leisure Group, with the Pioneer Award which recognizes an individual annually who has made an outstanding contribution, achievement and/or improvement in the hospitality industry. Todd Leach, ISHC chairman and partner of Dedica Group; and Kristie Dickinson, ISHC vice president and managing director/EVP of CHMWarnick presented Zozaya with the recognition during the conference plenary session. Leach remarked, “What sets Al...
ALIS Kicks Off 2023, With Most Expecting the Year’s Best Days to Come in the Second Half of the Year
Rod Clough | January 30, 2023
By Rod Clough Another ALIS is in the books, and a busy one at that, with nearly 3,000 in attendance. If you weren’t one of those lucky thousands, here are our takeaways. I had the pleasure of moderating the panel “Leadership - Accountability in a Changing World” on Tuesday morning with Geoff Ballotti, President & CEO, Wyndham; George Limbert, President, Red Roof; Mark Laport, President, Concord Hospitality Enterprises; and Michael George, President & CEO, Crescent Hotels & Resorts. We had a great conversation and agreed that keeping an exceptional leadership team in place that embraces environmental, diversity,...
STR, TE Make Modest Upgrade to First U.S. Hotel Forecast of 2023
STR | January 24, 2023
LOS ANGELES—STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast just released at the Americas Lodging Investment Summit (ALIS). Additionally, a subsequent downward adjustment was made for 2024. The occupancy projection for this year was lower than the previous forecast by 0.1% while projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 0.5% and 0.3%, respectively. For 2024, a 0.3% downgrade in occupancy coupled with a 0.1% lift in ADR meant a RevPAR downgrade of 0.4%. RevPAR, the key top-line performance metric, was fully recovered in 2022 on a nominal basis but w...
ISHC Honors Peggy Berg, Chair of the Castell Project, With the Pioneer Award at ALIS
ISHC | February 3, 2022
Los Angeles, CA — February 3, 2022 — The International Society of Hospitality Consultants (ISHC) in partnership with the Americas Lodging Investment Summit (ALIS) presented Peggy Berg, chair of the Castell Project, with the Pioneer Award which recognizes an individual annually who has made an outstanding contribution, achievement and/or improvement in the hospitality industry. Jeff Higley, ISHC, president of The BHN Group; Todd Leach, ISHC president and partner of Dedica Group; and Kristie Dickinson, ISHC treasurer and managing director/EVP of CHMWarnick presented Berg with the recognition during the conference plenary session. D...
ALIS 2022 Takeaways – Our Industry Braces for a Big Year Ahead
Rod Clough | January 28, 2022
By Rod Clough Contributions by Kirsten Smiley, Eric Guerrero, Emil Iskandar, Daniel MacDonnell, John Berean, and Luigi Major. ALIS kicked off the 2022 hospitality industry convention season this week with heightened optimism for the sector. Several factors are converging this year that are setting the stage for what may be a year of record-breaking transaction activity. Fundamentals Fall into Place to Drive Value Increases The higher inflationary environment will continue to bode well for hotels, resulting in ADR pricing power leading to a lift in revenue on top of still lean operational models. Group tr...
