Baird/STR Hotel Stock Index down 2.4% in October
The Baird/STR Hotel Stock Index decreased 2.4% in October to a level of 5,600.
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Weekender Continues Expansion with Renovation and Rebranded Launch of Two Hotels
Weekender today announced the launch of two new, renovated hotel property launches in the Adirondack Mountain region of Upstate NY. Town House Lodge in Lake Placid, NY and Trailhead in Tupper Lake, NY are the newest portfolio additions for the Saratoga Springs, NY - based Weekender. The brand announced the acquisition of these properties last summer, and has spent the last year renovating and reimagining the two new concepts and bringing them to life.
Irongate and Hilton Announce the Future Debut of Wākea Waikiki Beach, LXR Hotels & Resorts
Today, Irongate, a lifestyle-driven real estate firm, and global hospitality leader Hilton (NYSE: HLT) proudly announce plans for a monumental transformation of one of Hawaii's most revered properties. The Trump International Hotel, Waikiki, will be reborn as Wākea Waikiki Beach under the expert management of LXR Hotels & Resorts officially taking place February 2024. LXR Hotels & Resorts is one of Hilton's three distinctive luxury brands featuring a hand-picked collection of independent and spirited luxury properties celebrating the timeless pursuit of personal adventure.
Safemark Named Official Distributor of Indel B Minibars Across US and Canada
Safemark, the dominant provider of electronic safes to the global hospitality industry, is pleased to announce an exclusive partnership with Indel B to distribute their line of award-winning minibars in the US and Canada.
Booking.com Launches Cruises in the US, Further Expanding Choice and Ease for Travelers
Yesterday, Booking.com, one of the world’s leading digital travel companies, announces the launch of Cruises as a new travel vertical for customers in the United States. The new offering meets traveler demand in the largest market for cruise bookings globally, representing 58% of the entire industry*, and becomes available through a partnership with leading cruise agency World Travel Holdings (WTH). Through the newly introduced product vertical, Booking.com is providing US customers with more travel options than ever before and added benefits across the cruise trip planning journey including:
AHLA statement on bipartisan resolution to overturn job-killing joint-employer rule
After House and Senate lawmakers introduced a bipartisan resolution aimed at overturning the National Labor Relations Board’s destructive joint-employer rule, American Hotel & Lodging Association President & CEO Chip Rogers released the following statement:
AHLA sues Biden Administration over franchise-model destroying rule
Yesterday, the American Hotel & Lodging Association (AHLA), the U.S. Chamber of Commerce, and other plaintiffs filed a lawsuit in the U.S. District Court for the Eastern District of Texas challenging the legality of the National Labor Relations Board’s (NLRB) new “joint-employer” regulation.
Gerard Spezio has been appointed as Executive Chef at Park Hyatt New York
Park Hyatt New York today announced the appointment of Gerard Spezio as Executive Chef of the hotel. Chef Spezio joins the five-star award-winning hotel with previous experience at various Hyatt properties nationally.
Megan Kohl has been appointed as Restaurant General Manager at Revival at the Sawyer
A seasoned hospitality professional with extensive management experience, Kohl's career spans many years with numerous positions throughout the restaurant, catering, and event world. For the past five years, Kohl served as general manager of the local Sacramento favorite, Ink Eats & Drinks, supporting the iconic restaurant through its 20th anniversary. Prior to that, she managed the suites and premium hospitality division with the Minor League Baseball team, the Sacramento River Cats.
Jim Hindman has been appointed as Director of Restaurant, Bars, and Events at The Kimpton Sawyer
Prior to joining the Sawyer, Hindman spent 15 years overseeing food and beverage programs at resorts and casinos across the country. Hindman most recently served as the executive director of food and beverage for Edgewood Tahoe Resort, a five-star, world-class resort for golf, events, and dining, where he specialized in banquet operations. Additional properties include Horseshoe Casino in Cleveland, Ohio; Harrah's Gulf Coast Casino and Hotel in Biloxi, Mississippi; Mystic Lake Casino Hotel in Prior Lake, Minnesota; and Harrah's Casino and Hotel in Maryland Heights, Missouri, where he began his career.
Indianapolis Gears Up for Convention and Hotel Expansions
With the pandemic mostly in the past, Downtown Indianapolis’s ADR has fully recovered, but occupancy still has not returned to 2019 levels given the slow rebound of corporate demand. However, leisure demand has increased, and the city’s event pipeline is robust, supporting a positive outlook for Downtown Indianapolis.
By Amy Schmidt and Trey Osadchey
Affinity Interactive to Renovate and Rebrand Silver Sevens Hotel & Casino as the Continental Casino & Hotel in Las Vegas
Affinity Interactive (“AI”), a leading omni-channel media, online, and gaming operator, announced today that Silver Sevens Hotel & Casino will undergo an extensive renovation and rebranding transformation, emerging as The Continental Casino & Hotel. This iconic destination will be characterized by a spectacular rooftop bar and lounge, offering breathtaking views of the dynamic Las Vegas skyline, and will herald the long-awaited return of Pink Taco to Las Vegas as the flagship dining establishment.
The Grand Hyatt Brand Set to Debut in Utah
Expected to open late 2024, Grand Hyatt Deer Valley will expand Hyatt's brand presence in a vibrant resort market.
Hotel Demand Falls Slightly in Q3
An 0.5% year-over-year decrease in Q3 hotel demand and 0.5% increase in supply led to a 1% drop in occupancy. The average daily rate (ADR) increased 0.6% during the quarter, the slowest improvement since the pandemic recovery began 10 quarters ago. Revenue per available room (RevPAR) decreased 0.3%, as the modest occupancy decline was partially offset by the rise in ADR.
U.S. hotel results for week ending 4 November
U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through 4 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. Hotels State of the Union November 2023 Edition
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
Rosie Karakan has been appointed as Director of Sales & Marketing at The Ritz-Carlton, Half Moon Bay
The Ritz-Carlton, Half Moon Bay has appointed Rosie Karakan as Director of Sales and Marketing. Karakan has a robust history in the hospitality industry, bringing over 20 years of experience to the Forbes Five-Star resort.
Wendy Worley has been appointed as Director of Sales & Marketing at The Art Hotel Denver, Curio Collection by Hilton
Commonwealth Hotels announced today that Wendy Worley has been appointed Director of Sales and Marketing of The ART Hotel Denver, Curio Collection by Hilton. Worley brings a palette of more than two decades of experience in the hospitality industry to the 165-room refreshed hotel where art and culture intertwine. In her new role at The ART, Worley will lead the sales and marketing teams, exceed guest satisfaction while successfully driving sales, maximize opportunities for leisure, business and group travelers, and more.
Chef Kwan has been appointed as Executive Chef at Alila Ventana Big Sur
Alila Ventana Big Sur, an intimate luxury retreat along the Pacific Coast Highway, is pleased to announce the appointment of Alan Kwan as the new Executive Chef. In this role, Chef Alan will oversee daily operations and menu curation at The Sur House - the dining centerpiece of the resort perched high above the trees, with sweeping views of the Pacific Ocean - along with culinary offerings for groups and weddings, poolside menus, and in-room dining. With over 20 years of experience in the luxury hotel industry and vast background working both internationally and in major cities across the United States, Chef Kwan brings a globally-minded perspective to his kitchen to further elevate the Alila Ventana Big Sur guest experience through an innovative culinary approach.
Jason Waterlow has been appointed as Director of Food & Beverage at Turtle Bay Resort
Oʻahu's newly renovated Turtle Bay Resort has appointed seasoned hospitality and food & beverage leader Jason Waterlow as Director of Food & Beverage at the 1,300-acre oceanfront resort. In his new role, Jason will help strengthen the many food & beverage channels across the property, including the resort's relationship with its onsite Kuilima Farm, to help create a seamless dining experience for visitors throughout the year.