Operations & Strategy Press Releases - Hospitality Net

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June 8, 2023

Wyndham Celebrates Five Years of Making Hotel Travel Possible for All

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today celebrates five years as a publicly traded, pure-play hotel company. Grounded in its mission of making hotel travel possible for all with a strong owner-first approach to franchising, the anniversary marks a major milestone for the Company as it strengthens its position as a select service leader and champion of the everyday traveler.

June 6, 2023

Hilton Grand Vacations to Host Hospitality Suite at the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX

Hilton Grand Vacations Inc. (NYSE:HGV), the industry-leading global vacation ownership company, announces it will host a premier on-track hospitality suite for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX. As an official event partner, HGV will offer an exclusive opportunity for fans to take in the spectacle of 20 cars roaring around the iconic sights of Las Vegas at over 210 mph from a luxurious setting.

Hilton Grand Vacations Inc.

Las Vegas, Nevada, United States

June 5, 2023

Marriott International Announces Plans to Expand in Affordable Midscale Segment with New Extended Stay Lodging Brand

Marriott International, Inc. (Nasdaq:MAR) announced today, in connection with the 2023 NYU International Hospitality Industry Investment Conference, its plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America.

June 5, 2023

Hyatt’s Transformative Growth Continues: More Markets, More Segments, More Opportunities

Hyatt Hotels Corporation (NYSE: H) announced the completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a carefully curated collection of more than 1,500 boutique and luxury properties. With this addition to the portfolio, World of Hyatt members will soon have even more rewarding stays and experiences to choose from, including more than 20 new countries for Hyatt such as Fiji, Croatia, Iceland and Anguilla. Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. The purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.

June 2, 2023

Booking.com Reveals the Contrasting World of Caution and Confidence for LGBTQ+ Travelers in 2023

With a mission to make it easier for everyone to experience the world, regardless of who they love or how they identify, Booking.com’s most extensive LGBTQ+ travel research to date spotlights the steady progress, as well as the recent setbacks, for these communities when it comes to travel. Despite the travel industry’s growing recognition of the scope and variety of LGBTQ+ experiences, many travelers today still face enormous challenges. With a background of polarizing political decisions in the past 12 months, personal safety has never been more of a focus, with four fifths (80%) of LGBTQ+ travelers reporting that they must consider their safety and wellbeing as an LGBTQ+ person when picking a destination – up significantly from 64% last year. This also increases for intersex (90%), genderfluid (90%), transfeminine (89%) and transmasculine (87%) travelers.

June 1, 2023

Stay with Pride, Stay with Hilton: Unforgettable Celebrations Await LGBTQ+ Travelers

For decades, Hilton hotels have served as safe and welcoming environments for all, ensuring that LGBTQ+ guests can experience Hilton’s signature hospitality when they’re attending events and unique curated experiences that come with Pride celebrations around the world. From Pride-themed welcome packages and specialty cocktails to inclusive social events and special giveaways, see how Hilton is helping guests celebrate Pride Month with a memorable stay.

June 1, 2023

New Report from Cvent and GBTA Sheds Light on the Transforming Role of the Corporate Travel Manager

Like most of us, corporate travel managers can divide their careers into two distinct eras: before COVID and after COVID. And like most professions, the ongoing adjustments for travel managers to their responsibilities, compensation, and job satisfaction reflect an industry that’s ripe for change while still adhering to some past truths.

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Hospitality Financial and Technology Professionals (HFTP)

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June 1, 2023

My Place Hotels Enters Into Franchise and Development Agreement with Rimrock Companies for 10 Extended-Stay Hotels Throughout the South

My Place Hotels of America, an extended-stay hotel brand known for franchising clean and comfortable hotels with modern rooms, amenities, and excellent customer service, has entered into a two-phase franchise and development agreement with Rimrock Companies, a privately-held real estate development and investment company headquartered in Jacksonville, FL, for 10 extended-stay hotels throughout the South over the next six years.

My Place Hotels of America

May 26, 2023

Q&A: Kevin Jacobs on Extended Stay & Hilton’s Growth

Earlier this week, Hilton announced the latest addition to its award-winning family of brands. This new apartment-style extended-stay brand, with a working title of Project H3, will offer its signature hospitality with accommodations designed for long-stay guests who typically book 20 or more nights.

May 25, 2023

AAHOA Releases New Video Highlighting Its 4 Pillars of Franchise Advocacy

The Asian American Hotel Owners Association (AAHOA), the largest hotel owners association in the world, released a new informational video about its 4 Pillars for Franchise Advocacy to advance AAHOA’s mission as the foremost resource and advocate for America’s hotel owners. These 4 Pillars for Franchise Advocacy represent the primary issues for which AAHOA advocates on behalf of member-hoteliers.

May 25, 2023

Kimpton Hotels & Restaurants Announces Drag Brunch Series Benefiting The Trevor Project for Pride Month

Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, today announced the lineup of BrunchOUT 2023, the brand's beloved annual drag brunch series. In partnership with long-term nonprofit partner, The Trevor Project, the series kicks off in Nashville this June for Pride Month with additional events taking place throughout 2023.

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May 25, 2023

Booking.com and Disney Invite Travelers to be "Part of their world" this summer with "Under The Sea" Inspired Stays In Celebration Of "The Little Mermaid," only in theaters on May 26

In celebration of Disney's The Little Mermaid, in theaters May 26, Booking.com and Disney have teamed up to kick off the summer travel season with a campaign that's sure to make a splash! Booking.com, along with spokesperson Melissa McCarthy - who plays the iconic Ursula - is offering The Little Mermaid travel inspiration to help you discover your next adventurous getaway. The global campaign will run in the U.S., U.K, France, Germany and Australia, and highlights the amazing travel experiences and wide range of properties - from hotels to vacation rentals and everything in between - available on Booking.com for families around the world to enjoy, including once-in-a-lifetime "Under the Sea" themed stays for lucky travelers. These seaworthy stays will become bookable on June 7, and will give three pairs of lucky fans from anywhere in the world the chance to immerse themselves in a travel experience fully inspired by The Little Mermaid.

May 25, 2023

Crescent Hotels & Resorts Adds the Iconic Mission Inn Hotel & Spa to Luxury Management Portfolio

Crescent Hotels & Resorts, the award-winning operator of over 120 hotels and resorts, announced the addition of The Mission Inn Hotel & Spa to its Latitudes: Lifestyles by Crescent portfolio. The iconic AAA Four-Diamond hotel evokes the graceful ambiance experienced by its very first guests in 1876.

Riverside, California, United States

May 24, 2023

Project H3: Hilton Broadens Its Range with a New Brand Offering Apartment-Style Extended-Stay Options

Hilton (NYSE: HLT) today announced an inventive new extended-stay brand designed to meet the needs of the rapidly expanding $300 billion workforce travel market – the long-stay guest that never stopped traveling, even throughout the pandemic. Through extensive research, Hilton has created a hotel product for this vastly underserved group looking for apartment-style accommodations for 20 nights or more, built with the staying power of Hilton’s award-winning hospitality.

May 23, 2023

AHLA Survey: Most Americans more likely to stay in hotels, vacation this summer vs. last

This summer, most adults are more likely than they were in the summer of 2022 to stay in a hotel and take vacation trips, according to a new national Hotel Booking Index survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult.

May 18, 2023

Motel 6 And Studio 6 Launch 10% Off Discount For Summer Travel

As Americans plan to hit the roads for summertime travel, leading economy lodging brands Motel 6 and Studio 6 are offering a 10% discount off bookings from May 25 – June 1 for any reservations taking place from May 26 – Sept. 4, 2023.

May 16, 2023

Adnan Malik Promoted to Chief Revenue Officer of Magnuson Hotels

Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company's revenue management strategy and drive initiatives to enhance revenue growth across the organization.

Magnuson Hotels

May 16, 2023

Choice Hotels EMEA Signs Strategic Partnership Agreement With Borealis Hotel Group

Choice Hotels EMEA, the 100% franchise focused hotel company and Borealis Hotel Group (“Borealis”), a European hospitality company, have signed a strategic partnership agreement to expand their European portfolios. Through this agreement, Borealis will have the ability to franchise upscale and midscale hotels from the Choice Hotels EMEA portfolio of brands, across the territories they currently operate including The Netherlands, Belgium, France, Germany, Austria, Spain and Denmark and look for new opportunities in other European countries. All hotels under Choice Hotels EMEA participate in the Choice Privileges loyalty program, enabling travellers to earn and redeem points for Rewards nights stays at more than 7,500 hotels around the world.

Choice Hotels EMEA and The Borealis Group

The Netherlands

May 15, 2023

IHCL’s Year 1 of Growth Roadmap Delivers All Round Results

The Indian Hotels Company Limited, India’s hospitality market leader, today reported its progress under Ahvaan 2025, a strategic plan with an objective of being the most iconic and profitable hospitality company in South Asia. Value creation has been at the cornerstone of this strategy driven by the initiatives of re-engineering its traditional business, scaling its re-imagined businesses and re-structuring its portfolio. As part of this strategy, IHCL aims to build a portfolio of 300 hotels, clock a 33% EBITDA margin with 35% EBITDA share contribution from new businesses and management fees by FY 2025-26

May 11, 2023

Renaissance Hotels Revives "Evenings at Renaissance" Program at Annual Global Day of Discovery Celebrations Hosted by Cultural Curators Imbued with the Spirit of their Neighborhood

Rooted in discovery and the spirit of the neighborhood, Renaissance Hotels – part of Marriott Bonvoy's extraordinary portfolio of 31 hotel brands – announced that it will celebrate its annual Global Day of Discovery on May 18, 2023. A day when all 170+ Renaissance properties around the world, together as a collective drumbeat, put on elevated experiences – underscoring how the brand delivers unexpected discoveries beyond the convention of travel.