A recent Gartner report claims that by 2025, quite 50% of organizations around the world will have a cloud-based procure-to-pay suite. Tools like BirchStreet Pay are gaining traction as hotels learn more about the advantages and cost opportunities of using saving procurement solutions.
It’s a difficult lending environment across the nation at the moment, but RevPAR is expected to continue to rise in the foreseeable future, particularly supported by ADR growth. Debt, while very expensive, is available, and one lesson learned from the pandemic is the importance of sponsorship, including relationships with the brands.Below is the SWOT analysis for the U.S. hotel real estate and investment industry as outlined at the GF Hotels Forum in Towson, Maryland.
Noble House Hotels & Resorts — the family-owned boutique hotel brand with a carefully curated collection of 25 hotels, resorts, and experiences across North America — has partnered with Green Seal and applied for certification for 13 of its properties, continuing its sustainability efforts.
HRI Hospitality (HRIH), a fully integrated real estate firm based in New Orleans, in partnership with C. B. Ragland Company, a Nashville-based real estate company, and Peachtree Hotel Group, an Atlanta-based hotel investment company, announces the financial closing for the ground-up development of a new 210-room Caption by Hyatt hotel in the Gulch District of downtown Nashville, Tenn. The construction financing will be provided by Truist Financial Corporation and its syndication partner, Commerce Bank. The hotel is scheduled to break ground this month and debut in late 2024. This will mark HRIH's 32nd property in the United States and its third in Nashville, joining the Holston House Nashville, part of The Unbound Collection by Hyatt brand, and the under-construction Tempo by Hilton Nashville Downtown, which is slated to open in January 2024.
Originally built in the 1930s, Camptown is a hotel retreat nestled at the foot of the Catskill Mountains just over the area's storied Rip Van Winkle Bridge in Leeds, New York — about a 2.5 hour drive from New York City. Reimagined by Ray Pirkle and Kim Bucci, owners and creators of the beloved Rivertown Lodge in Hudson, Camptown is the first hotel solely designed by the duo under their debut company, Ramshackle Studio. The property has undergone a thoughtful renovation and redesign, embracing existing original architectural details throughout - while punctuating the spaces with custom work created through partnerships with local artists and woodworkers. Situated on 22 wooded acres of land to explore, Camptown features a motor lodge consisting of 24 guest rooms and 26 log cabins (many with functioning kitchens or wood-burning stoves) that are equally suited for short term visits and longer stays. Casa Susanna, the property's Mexican restaurant helmed by Chef Efrén Hernández, offers a seasonal menu focused on fresh produce, a natural wine program led by local wine savant Byron Bates, and a selection of cocktails and fermented drinks utilizing house made tinctures, seasonal jarred ingredients and garnishes from the property's own greenhouse. Additional property features include an honor pantry, communal firepit, grilling area, picnic tables, swim club & pool bar (expected Summer 2023), sauna (expected Fall 2023), and access to a multitude of outdoor recreational activities including swimming, hiking, fishing and skiing.
hihotels by Hospitality International, a recognized leader in franchising of conversion and new build hotels for economy lodging, is pleased to announce the formation of its first-ever Advisory Council. The group is comprised of five franchisees, a vendor representative and President & CEO Chris Guimbellot (representing the corporate team).
A joint venture of NewcrestImage and Hospitality Capital Partners (HCP) has completed acquisition of 11 hotels in seven states with a total of 1,551 rooms in a transaction handled by Al Calhoun and Mark Fair at CBRE in Atlanta.
More Americans are heading abroad this Spring Break. AAA booking data shows international travel this season is up 30% over 2022. Many families are also taking multigenerational vacations. A new AAA survey shows more than 40% of U.S. adults with Spring Break plans are traveling with three generations.
Canary Technologies, a leading hotel guest management system, conducted a survey of 1,000 recent hotel guests and 300 hotel workers to uncover guest tipping behavior in hotels. While tipping in the service industry is a well-established American custom and an essential part of worker wages, tipping in the hotel industry lacks transparency. The survey results show that tipping in hotels is less prevalent than other service industries. partly due to friction in the current tipping process.
A majority of Lodging Industry Investment Council members said they expect full-year lodging real estate transactions in 2023 to exceed the volume in 2022.
Wellness Reimagined as a Harmonious Extension of the Natural World.
Commonwealth Hotels announced today that Abby Nurre has been appointed the director of sales and marketing of the Hyatt Regency Aurora Denver Conference Center. Ms. Nurre brings over 7 years of hospitality experience to her new role as director of sales and marketing having previously served as the property's assistant director of sales since joining the Hyatt in 2019.
Choice Privileges has once again been named one of America’s Best Loyalty Programs. The prestigious rankings are presented by Newsweek and the global data research firm Statista and based on an independent survey of more than 4,000 loyalty program members. Customers evaluated programs based on six criteria: Likelihood of Recommendation, Ease & Enjoyment, Benefit, Overall Satisfaction, Customer Support, and Trust. This is the third straight year that Choice Privileges, the award-winning loyalty program of Choice Hotels International, Inc. (NYSE: CHH), has received the honor.
BWH Hotel Group is partnering with industry-leading hotel management company, Midas Hospitality, for the management of its urban, upscale boutique Vīb hotel in Tempe, Arizona. The Tempe hotel joined BWH Hotel Group’s global Vīb portfolio in 2022 as a shining example of the brand with thoughtfully designed spaces that invite collaboration and socialization while still offering flexible function with a stylish flair.
On February 12, Super Bowl LVII was held in Glendale’s State Farm Stadium with nearly 68,000 spectators. Attendance levels were just below the average for the last eight Super Bowls (excluding the COVID-19-affected year of 2021) and below the 2015 game’s 70,288 attendees, also in Phoenix. However, this year’s event did not disappoint the hotel industry in Greater Phoenix.
Sweeney joins The St. Regis Washington, D.C. from The St. Regis Aspen Resort, where she served as the Director of Rooms and was the divisional leader of the Front Office and Housekeeping teams, as well as a member of the resort's Executive Committee. Under her supervision, the hotel was consistently a top performing property in Guest Contactless Journey Scores in the region and was featured on multiple regional calls for best practice standards. Prior to her position at The St. Regis Aspen Resort, Sweeney served as the Senior Manager of Room Operations for Operations Support Resources at Marriott International. There she shared and deployed her expertise of past practices, offering support throughout multiple Marriott International properties. Sweeney has also led as Assistant Director of Housekeeping & Butler Services at The St. Regis New York, Style Talent Coach at W New York, Room Operations Manager at Denver Marriott West, and more.
Adam Klein, a graduate of Boston University, is a hospitality industry veteran with 23 years of experience in executive roles. He spent most of his career with Turnberry and Fontainebleau Development, developing, opening and operating The Fontainebleau Miami Beach and JW Marriott Turnberry Resort and Club. Shortly after, Adam launched his own advisory firm, Klein Hospitality, assisting in the development, opening, and operations of private clubs, luxury restaurants, and hotels, including Hotel Barrière Fouquet's New York.
Diana is a luxury hospitality sales leader with over 20 years of sales & marketing and business development experience at some of the best-in-class hotels throughout the world. She previously held sales and marketing roles with Faena Hotels, The Savoy London, and The St. Regis New York. Born in Hong Kong and raised in New York City, Diana holds a Bachelor of Science degree from Cornell University School of Hotel Administration.
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 25 February.
Next generation vacation rental resort and 433‑room Conrad Orlando are now taking reservations in anticipation of a late 2023 grand opening.