Wyndham Hotels & Resorts Announces First Groundbreaking for its New Extended-Stay Brand
New-construction hotel in Plano, Tex. is the first ground break for the extended-stay brand with 72 hotels in the development pipeline.
Search
Paging Business Traveler
At the Hotel Data Conference in August, there were several panel discussions focused on the state and return of business travel. The one that piqued my interest was not the one focused on “Bleisure” but a much more demurely titled “The return of business (transient) travel”.
By Eric Amador, Customer Success Manager, BirchStreet Systems
citizenM opens citizenM Washington DC NOMA
The Dutch hotel group, citizenM, will grow its presence in the United States with the opening of a second property in Washington, D.C.
Aimbridge Hospitality Selected to Manage Dallas’ HALL Arts Hotel
Aimbridge Hospitality, a leading global hospitality company, has announced the addition of the HALL Arts Hotel, located in the Dallas Arts District, to be managed under its specialized Full Service Division operating branded full service, resorts and luxury hotels. Located in the bustling Dallas Arts District, the 183-room luxury hotel showcases Aimbridge’s focus on providing elevated and memorable guest experiences with unmatched operational excellence.
Hotel Industry Foundation Awards Over $1 Million in Academic Scholarships to Hospitality Students Nationwide
The American Hotel & Lodging Foundation (AHLA Foundation) awarded over $1 million to 336 hospitality program participants for the 2022-23 academic school year.
Omni Hotels & Resorts Aims To Donate 750,000 Meals for September Hunger Action Month
Omni Hotels & Resorts today announced plans to donate 750,000 meals to Feeding America® in honor of September Hunger Action Month. The brand is raising awareness around food insecurity and engaging guests, the local communities where its hotels are located and colleagues to take part with several activations nationwide. The campaign is being amplified with a three-city tour across the United States featuring an Omni Hotels & Resorts branded hot-air balloon that will fly at Omni PGA Frisco Resort in Frisco, TX; The Omni Homestead Resort in Hot Springs, VA; and Omni Atlanta Hotel at CNN Center in Atlanta, GA, underscoring Omni Hotels & Resorts’ pledge to fight food insecurity by “raising” awareness to this important effort.
Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance
In Part 1 of this series, I highlighted that hotel property investors transact to acquire both real estate and the operating businesses with their varying sets of revenues and expenses. This institutional arrangement is unlike those for most other commercial real estate investments in which the business owners make fixed rental payments to property owners while expenses are mostly variable. Hotel investments therefore come with counteracting exposures to inflation of operating revenues and expenses that may neutralize inflation impacts on profits (i.e., net operating cash flows). The statistical results reported in Part 1 suggest that hotel profits do not adjust to inflation. Over the period of 1946-2020 inflation positively influenced both total revenues and total operating expenses to the extent that they offset one another.
By Jack Corgel, Managing Director, CBRE Hotels’ Americas Research, CBRE Hotels
The Meeting Planner Myth
How not all meeting planners are meeting planners.
By Thomas McDermott, CMO, Tambourine
Radisson Hotel Pendleton Airport Deploys High-speed Guest WiFi Connectivity by Hotel Internet Services
Hotel Internet Services (HIS), a full-service provider of internet services and solutions for the hospitality industry, has today announced the successful installation of a high-performance WiFi network upgrade at Radisson Hotel Pendleton Airport. Owned and operated by Makad Corporation, an organization with decades of expertise in hotel development and management, Radisson Hotel Pendleton Airport can now cater to widespread demands for fast and reliable internet access in order to ensure a hassle-free stay experience that lives up to modern guest expectations.
Knowland Reports Meetings and Events Increase 136.1 Percent in August
Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, released its monthly meetings and events data for August, reporting 136.1 percent growth over August 2021. Additionally, August increased 6.7 percent over July 2022.
Joel Pyser has been appointed as Chief Executive Officer, Americas at Thynk.Cloud
Industry veteran Joel Pyser joins Thynk.Cloud as Chief Executive Officer, Americas. Most recently the Senior Vice President of Sales with Amadeus Hospitality, Pyser brings a deep understanding of the hospitality technology landscape. Prior to Amadeus Hospitality, Pyser served as SVP of Sales with Newmarket International, Chief Operating Officer with Passkey, and before transitioning to the technology side of the business, Vice President of Field Sales with Marriott International.
Witness Investment and Hotel Equities Launch Jali Hospitality Investment Platform
Witness Investment and Hotel Equities (“HE”) today announced the launch of Jali, a hospitality real estate investment platform focused on providing individual investors access to development, acquisition, and value-add investment opportunities. This first-of-its-kind platform enables accredited investors to access quality hospitality investments selected by an all-star team of multi-generational hoteliers. The Jali investment platform is a joint effort between well-known industry veterans Witness Investment and Hotel Equities.
How to Leverage Costs and Maximize Profits Post COVID
The distinction between fixed and variable costs has blurred over time as technology, labor market conditions, and guest preferences have evolved. These trends have been exacerbated by changes in occupancy patterns post COVID. Hotel owners and operators need to understand how these changes affect strategies for maximizing profitability.
Major Residential Developments and Remote Work Trends Lead to New Era for the Bronx
The Bronx is renowned for featuring staples such as Yankee Stadium, Bronx’s “Little Italy” in Belmont, Bronx Zoo, and the New York Botanical Garden. Fordham University is a highly regarded private Jesuit Catholic university, with the main administration office in the Bronx. The historic 85-acre Rose Hill Campus, considered the original campus, is located adjacent to the New York Botanical Garden in northern Bronx. The Bronx has also been home to numerous actors, musical artists, film directors, and athletes. In particular, the South Bronx is renowned as the birthplace of hip hop and its associated cultural movement in the 1970s. Visitors are drawn to the sites where parties and informal performances took place that contributed to the birth of the hip-hop music scene. Organized hip-hop tour companies and hip-hop-themed street art murals also bring visitors to the area.
By Patricia Shih, Director, HVS
U.S. hotel profitability slowed in July but outpaced 2019 levels for fourth consecutive month
U.S. hotel gross operating profit per available room (GOPPAR) once again exceeded the pre-pandemic comparable, but came in lower than the month prior, according to STR‘s July 2022 P&L data release.
Huy Vo has been appointed as Director of Marketing Communications at The Ritz-Carlton Residences, Waikiki Beach
The Ritz-Carlton Residences, Waikiki Beach has announced the appointment of Huy Vo as Director of Marketing Communications. In this position, he will lead all global strategic marketing communications efforts in the areas of advertising, digital marketing, public relations, and community relations for the largest Ritz-Carlton Residences in the brand's portfolio.
Scott Mason has been appointed as General Manager at Park Hyatt Aviara Resort, Golf Club & Spa
Park Hyatt Aviara Resort, Golf Club & Spa, the iconic Forbes Five-Star and AAA Five Diamond resort situated in Carlsbad, Calif. overlooking the Pacific Ocean, today announces the appointment of Scott Mason as general manager. Now in his 25th year with Hyatt, Mason joins Park Hyatt Aviara from Andaz 5th Avenue in New York City, where he served as general manager for four years.
Discover Unexpected Adventures at These Unique Beach Locales
Those hoping to hear waves crashing and feel sand beneath their toes are naturally drawn to coastal hotspots such as Miami and Waikiki. While these destinations no doubt offer a chance to unwind and relax in a sun-soaked setting, they aren’t the only beachfront vacation spots worthy of exploration.
Leading Hotel Groups Mark National Hotel Employee Day
On this inaugural National Hotel Employee Day, leading hotel industry groups, including the American Hotel & Lodging Association, the Asian American Hotel Owners Association, the National Association of Black Hotel Owners, Operators & Developers and the Latino Hotel Association came together to observe the day in a variety of ways.Established in the National Day Calendar in 2022, National Hotel Employee Day will be celebrated annually on Sept. 1 to thank hotel employees for their hard work and dedication and recognize the integral role they play in our nation’s travel, tourism, and hotel industries.
AHLA Establishes Sept. 1 as National Hotel Employee Day
The American Hotel & Lodging Association (AHLA) today announced it has established Sept. 1 as National Hotel Employee Day in the National Day Calendar.National Hotel Employee Day will be celebrated annually to thank hotel employees for their hard work and dedication and recognize the integral role they play in our nation’s travel, tourism, and hotel industries. This year, National Hotel Employee Day will take on added significance, as hotels across the nation are working to quickly fill more than 120,000 open hotel jobs.