STR, TE lower growth forecast for U.S. hotels
STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast just presented at the 15th Annual Hotel Data Conference.
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U.S. hotel results for week ending 5 August
U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through 5 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
HEI Assumes Management of Aloft Phoenix-Airport
HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned hotels with a portfolio of more than 100 properties across the United States, today announced that it has assumed management of the 143-key Aloft Phoenix-Airport in Phoenix, AZ, joining HEI’s rapidly growing portfolio of premium-branded, select-service hotels. The RADCO Companies recently acquired the property.
The Conservatory Introduces a Hospitality Collective of Nature-based Stays and Experiences
Today, Collective Retreats, a pioneer in experiential outdoor hospitality, has announced The Conservatory, a community of design-forward hotels for nature enthusiasts. A first of its kind, The Conservatory presents a portfolio of nature-based, artfully designed properties that expand upon their locations' culture, environment, and history.
Raines Breathes New Life into Historic Waynesville Inn & Golf Club
Raines has opened the newly renovated Waynesville Inn & Golf Club. With the legacy of the historic Donald Ross-designed course at the heart of the company's vision, Raines, in partnership with Bobby Weed Golf Design, has transformed this iconic destination into a perfect blend of refined amenities and top-notch golf, all set within the stunning Western North Carolina landscape.
Robert Friedl has been appointed as General Manager at Montage Kapalua Bay
Montage Hotels & Resorts today announces the appointment of Robert Friedl as general manager of Montage Kapalua Bay. With three decades of leadership experience in the hospitality industry, including a dozen years in Hawaii with a turn as resort manager during Montage Kapalua Bay's reflagging and remodeling from The Residences at Kapalua Bay, Friedl is responsible for all the daily operations of the luxury beachfront resort.
Best Western Bellemont Shadow Mountain Inn Opens in Arizona Following Renovation
Best Western® Hotels & Resorts announces the opening of the Best Western Bellemont Shadow Mountain Inn, located at 12380 Shadow Mountain Drive in Bellemont, Arizona. The hotel is owned by Sunesh Tewari and Anand Vashi and features 43 standard guestrooms in addition to six suites.
Extended-Stay Hotels Continue to Gain in Popularity
The pandemic and hybrid work arrangements have generated strong demand for longer hotel stays, increasing the popularity of cost-effective extended-stay hotels and making them one of the fastest growing segments in hospitality. With higher margins and lower development costs than full-service hotels, extended-stay properties have the potential to generate higher returns on investment. As a result, banks are more likely to provide funding for what are perceived to be lower-volatility, higher-return hotels, particularly those associated with well-established brand families. We expect capital to continue flowing into this segment as long as outsized returns exist.
By Jack Levy, Hospitality Consultant, CBRE Hotels
U.S. Hotels State of the Union August 2023 Edition
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
Manuel Deisen has been appointed as General Manager at W Nashville
W Nashville announces the hire of Manuel Deisen as general manager of the Gulch luxury lifestyle hotel. In his new role, Deisen will be responsible for all daily hotel operations, including overseeing guest experience, business development, ownership relations, advancing employee engagement and development and managing the property's unique brand identity.
Becky Casey has been appointed as Vice President Sales North America at The Londoner and Edwardian Hotels London
The Londoner - the world's first super boutique hotel in London's Leicester Square - and the wider Edwardian Hotels London portfolio, has announced the appointment of Becky Casey to the role of Vice President of Sales for North America.
AHLA and HHA Unite to Help Hotel Employees and Guests Impacted by Hawai‘i Wildfires
The American Hotel & Lodging Association, in partnership with the Hawai‘i Hotel Alliance, is working with the State of Hawai‘i to support relief efforts in West Maui following devastating wildfires fueled by Hurricane Dora.
Hotel Equities Produces Strong Performance Growth in 2023; Significantly Eclipsing 2019’s High Watermark
Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels. Through laser-focused efforts on key performance indicators (KPIs), the company has achieved substantial performance results surpassing 2019’s enterprise RevPAR by 20% and 2022’s by 26% showcasing the company's ability to optimize revenue generation while maintaining the highest levels of guest satisfaction. These achievements can be attributed to several initiatives implemented by Hotel Equities’ expert revenue generation team, led by Kevin Fraser, SVP of Sales & Revenue Generation and Bill Stachler, VP of Revenue Optimization. “Our team is united in our focus on finding the right business, at the right time, at the right price point while continuing to shift market share away from our competition and providing service that is realizing strong customer retention,” said Fraser.
Crescent Hotels & Resorts Expands its Lifestyles Division With The Addition of Grand Bay Hotel San Francisco
Bay Area Hotel with Stunning Waterfront Views Joins Esteemed Latitudes Portfolio.
Buster Brown, an Icon at the Craddock Terry Hotel, Crosses Over the Rainbow Bridge
Buster Brown, a wire-haired fox terrier and the original Official Greeter at the Craddock Terry Hotel, Marriott Tribute Portfolio, in Lynchburg, Virginia, peacefully crossed over the rainbow bridge on August 7, 2023.
Holiday Inn Club Vacations Breaks Ground on Luxury Six-Bedroom Vacation Homes; Latest Expansion at Orange Lake Resort
Holiday Inn Club Vacations Incorporated, an international vacation ownership company, broke ground today for the latest expansion to its flagship property - The Residences at Orange Lake Resort. Built with multi-generational travelers in mind, The Residences will feature luxurious six-bedroom vacation homes that total 5,575 square feet in size and comfortably sleep 20 guests, with each home offering its own private pool. The first phase of The Residences will include four homes, and in the future could include up to 16 homes on the site.
Taylor McInerney has been appointed as General Manager at AC Hotel New Orleans French Quarter
AC Hotel New Orleans French Quarter has hired Taylor McInerney as General Manager. In this position, McInerney will efficiently manage and oversee day-to-day hotel operations, driving optimal performance and continuous improvement.
Fall Opening For Tampa’s Palihouse Hyde Park Village
Avi Brosh's Palisociety has announced the anticipated Fall opening of Palihouse Hyde Park Village, the first hotel in the area and the brand's debut foray into Tampa, marking its fifth opening of 2023.
HSMAI Top 25 and Lifetime Achievement Award Nominations Open
The Hospitality Sales and Marketing Association International (HSMAI) is now accepting nominations for the 2023 Top 25 Extraordinary Minds and the Marketing and Public Relations Lifetime Achievement Awards. Nominations are open now through Sept. 8, 2023, via the HSMAI registration page.
21c Museum Hotels Newest Property is Now Open in the Heart of Downtown St. Louis
21c Museum Hotels, a multi-venue contemporary art museum and award-winning hospitality brand, is thrilled to announce the opening of its highly anticipated property in the heart of downtown St. Louis. Like all 21c properties, 21c Museum Hotel St. Louis challenges the conventions of both the hospitality and museum worlds, providing a space where travelers and locals can come together to experience contemporary art exhibitions, community-focused cultural programming, and inspired food and beverage options that spark conversation and create connection.