STR, TE maintain projections in first U.S. hotel forecast of 2024
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).
Search
Sonesta Executes 65 New Franchise Agreements in 2023
Sonesta International Hotels Corporation (Sonesta), the 8th largest hotel company in the U.S., announced the execution of 65 new franchise agreements in 2023, spanning 12 of the company’s 17 brands. The new agreements demonstrate the continued expansion of Sonesta’s global franchising presence with the addition of 5,697 new guest rooms.
Massachusetts Hotel Undergoes Name Change, Rebranding
The newly named Wellsworth Hotel blends historic ambience with rich amenities for the leisure and business traveler.
Nicole Whitaker has been appointed as Director of Sales & Marketing at The Lodge at Sonoma, an Autograph Collection Resort
Overseeing all sales and marketing efforts at The Lodge at Sonoma, Whitaker will implement her many years of experience to maximize revenue and occupancy at the luxury resort, executing impactful brand initiatives and partnerships. Having successfully held leadership positions in prominent tourism markets, including Vail, Napa, and Miami, Whitaker looks forward to applying her expertise to the distinctive Sonoma destination.
Jeff Libunao has been appointed as Director of Food and Beverage at The Lodge at Sonoma, an Autograph Collection Resort
As Director of Food & Beverage at The Lodge at Sonoma, Jeff Libunao will oversee all operations at the onsite restaurants including Benicia's Kitchen and High Horse Pool Bar, as well as in-room dining. Having previously worked at The Lodge at Sonoma as Executive Chef throughout the brand's transition from a Renaissance resort to an Autograph Collection Resort, Libunao brings a deep understanding of the resort's culinary operations, the restaurant outlets, and the events/banquet services.
Hotel Industry Outlook 2024: Moving Steadily Forward
With inflation decelerating, fears of a recession receding, and supply growth muted, the overall outlook for U.S. hotel metrics in 2024 is one of modest, steady growth. The investment market is also showing increased signs of life, as inflationary concerns are diminishing and interest rates are improving modestly.
By Anne Lloyd-Jones and McKenna Luke
U.S. hotel results for week ending 13 January
U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 13 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Hotel Nell - Union Market, Washington, DC Relaunches, Growing from Historic Bolgiano Seed Company to Urban Oasis
The boutique hotel reintroduces itself with a new name and rooftop restaurant, offering modern comforts while embracing its roots in the capital city.
Case Study: How One Hotel Increased RevPAR by 25% in Two Months
Josh Ramsey, SSP’s Hotel Revenue Performance Industry Expert, is trusted as an expert in revenue management and hotel performance for top management companies in the US.
Revell Newton has been appointed as Director of Sales & Marketing at King Kamehameha Kona Beach Resort
King Kamehameha Kona Beach Resort is pleased to announce the appointment of Revell Newton as the new director of sales and marketing of the 455-room property, set on 13 idyllic beachfront acres on the Island of Hawaiʻi. With a remarkable 25-year career in Hawaii's hospitality industry, Newton brings a wealth of experience and local expertise to his new role.
Four months later: An update on New York City’s short-term rental rules
Four months after New York City’s restrictive short-term rental rules went into effect, a new analysis of publicly available data reveals no discernible improvement in rental prices or housing inventory in the city. Key findings include:
First Hospitality Grows Hotel Portfolio by Nearly 40% in 2023
First Hospitality, a national hotel operating and development company, witnessed significant growth in 2023, increasing its hotels and restaurants under management by nearly 40%. In addition, First Hospitality continued its focus on upscale, soft brand and lifestyle properties which is now approaching 40% of its portfolio. Last year, the company entered five new markets, bringing its diverse portfolio to more than 70 independent and branded properties, with over 10,000 keys, and 3,500 world-class associates.
Corinna Wenks has been appointed as General Manager at Park Hyatt Chicago
Park Hyatt Chicago, a reimagined 182-room hotel set in the lauded Gold Coast neighborhood, has announced the appointment of Corinna Wenks as the new General Manager. Formerly with the property from 2010 to 2015, Corinna rejoins the Park Hyatt Chicago family following her time with the Grand Hyatt Dallas Fort Worth and The Driskill in Austin, Texas. With more than two decades of extensive experience, Corinna brings a wealth of historical knowledge and proven success managing high-profile properties to continue to elevate Park Hyatt Chicago as a premier landmark destination for the discerning traveler.
Sonja Chase has been appointed as General Manager at Thompson Seattle
Thompson Seattle is pleased to announce the appointment of Sonja Chase as General Manager. Drawing upon more than 15 years of hospitality experience, Chase will bring innovative ideas and a passion for the Thompson Brand to her role overseeing all operations of the award-winning luxury lifestyle property, located in the heart of downtown Seattle.
Conrad Hotels & Resorts Expands Luxury Portfolio with Brand Debut in Orlando
Opening of Conrad Orlando brings sophisticated luxury and elevated travel experience to Central Florida.
Brooklyn Continues to Blossom in the Post-Pandemic Period
The Brooklyn hotel industry has been experiencing post-pandemic recovery due in part to strong leisure demand, an increase in meeting and group business, and the gradual return of commercial demand. Additionally, the New York City Department of Homeless Services and related entities have been utilizing many hotels as temporary shelters for homeless residents and migrants/asylum seekers.
By Patricia Shih, Director, HVS
Planning phases of U.S. hotel pipeline reflect confidence in travel
Activity in the planning phases of the U.S. hotel pipeline remain up, while rooms in construction decreased after two months of gains, according to CoStar's December 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.U.S. Hotel PipelineDecember 2023 (percentage change from December 2022)
Critical considerations for hospitality litigation, arbitration & alternate dispute resolution clauses in hotel contracts
Mark S. Adams is an experienced trial lawyer, partner, and senior member of JMBM’s Global Hospitality Group®. In his more than 14 years with the Firm, Mark has created an international reputation as a Hotel Dispute Lawyer, handling litigation, arbitration, jury trials, and alternate dispute resolution in hundreds of matters affecting hotels, resorts, restaurants, and other hospitality properties. But not every matter should, or does, end up in litigation. Mark also provides pre-litigation strategic advice to avoid litigation and optimize a client’s position for settlement where possible.
By Mark Adams, Partner at Blank Rome LLP, Blank Rome
Four Seasons Resort Rancho Encantado Santa Fe Announces Multimillion-Dollar Revitalization
Four Seasons Resort Rancho Encantado Santa Fe, an enchanting luxury boutique resort comprised of 65 intimate casitas surrounded by rugged mountainous beauty, announces that a multimillion-dollar revitalization, the first in the Resort's history, of all guest rooms and suites is now underway along with the introduction of sustainability-focused landscaping.
U.S. hotels posted record-high ADR and RevPAR in 2023
The U.S. hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.