For 2024, projected gains in average daily rate (ADR) were downgraded 0.1 percentage points, while revenue per available room (RevPAR) was held steady at +2.0% year over year. Appeared first on: hotelnewsresource.com … [Read more...]
Archives for 08/08/2024
Time Off for Salaried Employees: Are You Navigating the Legal Maze Correctly?
Handling time off for salaried employees can be a delicate balancing act, especially in the hospitality industry where operations run around the clock. Appeared first on: hotelnewsresource.com … [Read more...]
How Hotels and Resorts Can Maximize Success with an IoT Security Solution
To effectively identify and counter these threats, hotels and resorts must implement a dedicated IoT security solution that provides full visibility into all network-connected IoT devices.By Mariana Rosen, research analyst, Starfleet Research - 8.7.2024 IoT attacks can take many forms, and traditional cybersecurity tools often fail to detect the malicious activities IoT devices. To effectively … [Read more...]
IHG Hotel Bookings From Own Channels Hit 80%
Hotel groups are continuing to invest in their technology and loyalty programs to drive direct business, with Holiday Inn&parent IHG sharing an update in its recent earnings report. Appeared first on: hotelnewsresource.com … [Read more...]
Courtyard Boston Downtown Hotel in Boston, MA Listed for Sale
The historic Hotel currently operates subject to a brand management agreement expiring January 2, 2026. As such, the Hotel presents investors with extremely rare optionality in the high&barrier Boston lodging market. Appeared first on: hotelnewsresource.com … [Read more...]
Comfort Suites Houston Galleria in Houston, Texas Listed for Sale
The hotel is situated off Richmond Avenue, just two miles from The Galleria, Texas' largest shopping center and seventh largest domain nationally. Appeared first on: hotelnewsresource.com … [Read more...]
Help Wanted: AHLA Fights for Hotel Jobs on Several Fronts
Hotels face many hurdles to economic growth, but the toughest one might be finding enough employees to power that growth. America’s hotels are doing all they can to create good jobs and retain employees. Average hotel wages are near a record high, and hotels are offering more benefits and workplace flexibility than ever before. So why is it still so difficult for hotels to maintain and expand … [Read more...]
Kennedy Funding Announces Closing Of $1.28 Million Land Loan For Hotel In Moses Lake, Washington
A $1.28 million loan will help MBrar Investments, LLC get one step closer to building a hotel in a growing residential and tourism area in Washington State. Appeared first on: hotelnewsresource.com … [Read more...]
What is Corn Coffee?
What are the Health Benefits of Corn Coffee? Table of Contents Corn coffee is an emerging drink that offers a unique twist on traditional coffee. It is made from roasted corn kernels, providing a flavorful, caffeine-free alternative for those looking to reduce their caffeine intake. This beverage not only resembles coffee in its preparation but also boasts a slightly sweet and nutty flavor … [Read more...]
U.S. Hotel Performance for Week Ending August 3rd
The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data through 3 August. Appeared first on: hotelnewsresource.com … [Read more...]
June RevPAR Growth Slowed to 0.6% As Occupancy Declined 1.0% & CBRE U.S. Hotels State of the Union August 2024 Edition
While holiday shifts have made for variable RevPAR growth over the past few months, YTD RevPAR is up 0.5%, roughly in line with June. RevPAR growth for upper&price tier hotels outperformed while lower&tier hotels continued to struggle. Urban hotels outperformed again in June posting 2.8% RevPAR growth. Appeared first on: hotelnewsresource.com … [Read more...]
St. Regis Longboat Key Resort and Residences Slated to Open Late Summer 2024
The oceanfront resort is located on the grounds of the former Colony Beach and Tennis Resort Appeared first on: hotelnewsresource.com … [Read more...]
Shiji Introduces Seamless Integration of Infrasys Cloud POS with Wi-Q to Enhance Hotel F&B Efficiency
With the robust open API capability that Infrasys Cloud POS offers, this integration lets guests easily place orders from their own devices, giving them greater control and flexibility while reducing reliance on staff assistance.8.8.2024 Shiji, the global leader in hospitality technology, has integrated its Infrasys Cloud POS with Wi-Q, a leading mobile ordering platform for the hospitality … [Read more...]
Homewood Suites by Hilton Orlando&Nearest to Universal Studios Completes Renovation to Suites and Public Spaces
Buffalo Lodging Associates, LLC, announced that the 5&story, 122&suite Homewood Suites by Hilton Orlando&Nearest to Universal Studios, located at 5893 American Way, is now welcoming guests with a newly renovated lobby, public spaces, and guest suites. Appeared first on: hotelnewsresource.com … [Read more...]
Latin America Hotel Construction Pipeline Expands with 11% YOY Growth
LE’s new hotel openings forecast anticipates a steady increase in new hotel openings with 111 new hotels and 18,816 rooms forecast to open in 2025, and further rising in 2026 to 131 new hotels with 18,293 rooms forecast to open. Appeared first on: hotelnewsresource.com … [Read more...]
Vickie Callahan Named President of Hospitality Management Division for Peachtree Group
A 25&plus&year hospitality veteran, Callahan previously held vice president of revenue management positions with Atrium Hospitality and JQH Hotels. Appeared first on: hotelnewsresource.com … [Read more...]
Verno House Budapest in Hungary Joins the Vignette Collection
IHG Hotels & Resorts welcomes Verno House Budapest to Vignette Collection. A boutique retreat in the heart of the city, Verno House Budapest, Vignette Collection will this summer mark the Hungarian debut of IHG’s first collection brand. Appeared first on: hotelnewsresource.com … [Read more...]
BOGOTA TRAVEL GUIDE: Tourist Attractions and Places to Visit
Visit Bogota Colombia: Your Ultimate Adventure in the Colombian Capital Table of Contents Perched at an elevation in the Andes, Bogotá stands as the bustling and dynamic capital city of Colombia, offering a rich tapestry of experiences that are bound to enthrall any visitor. Whether you’re strolling through its ancient neighborhoods steeped in history or savoring the innovative and eclectic … [Read more...]
HVS Hotel Market Report & Madrid Market Pulse 2024
Snapshot of the Madrid hotel market in 2024 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook. Appeared first on: hotelnewsresource.com … [Read more...]
Tips to Easily Increase Banquet Sales: A Guide for Event Managers
We've gathered some best practices to improve your sales game and win more event business. Plus, we chatted with Russell Simon, sales director at Upstairs Atlanta, about the methods his business uses to increase banquet sales. Appeared first on: hotelnewsresource.com … [Read more...]
Marios Trantafyllou Appointed As Director of Food and Beverage at Four Seasons Hotel Tunis
Hailing originally from Athens, Greece, Mario’s road to Four Season in Tunis began at Four Seasons Hotel George V, Paris. Appeared first on: hotelnewsresource.com … [Read more...]
GBTA and Cvent Study Finds an Opportunity for Tech Integration to Transform Business Travel
ALEXANDRIA, Virginia—The Global Business Travel Association (GBTA) and Cvent released a new study titled, “The Future Is Now: Technology Transformation in Corporate Travel.” According to the study, the industry is poised to allow technology to transform and accelerate business travel. Based on a survey of business travel professionals in North America and Europe, the report reveals that while … [Read more...]
Hard Rock International Announces Development Of REVERB by Hard Rock Pensacola To Open in 2029
This week, Hard Rock International announced development plans for REVERB by Hard Rock Pensacola to break ground in 2026 and open in 2029. Appeared first on: hotelnewsresource.com … [Read more...]
Rosewood adds Bahamas private island hotel to portfolio
Reading Time: 2 minutes Caribbean: In partnership with Miami-based private investment company Yntegra Group, Rosewood Hotels & Resorts will open a luxury hotel resort on a private island within the Bahamas archipelago Exuma. Located on a 124-acre private island known as East Sampson Cay, Rosewood will open a 33-suite hotel. It forms part of the archipelago Exuma, comprising 365 … [Read more...]
An 8&step Guide to Hotel Revenue Forecasting
In this guide, we’ll walk you through a detailed, step&by&step process to help you forecast revenue effectively, turning your data into decisions that elevate your hotel’s revenue performance. Appeared first on: hotelnewsresource.com … [Read more...]
Moxy St. Pete Hotel Opens in St. Petersburg, FL
PTM Partners and DoveHill have opened the doors to Moxy St. Pete, the first lifestyle hotel and first rooftop destination in St. Petersburg's most vibrant neighborhood. Appeared first on: hotelnewsresource.com … [Read more...]
The StandardX Melbourne Hotel Opens
Standard International continues its expansion with the newest brand to its portfolio & The StandardX, Melbourne & debuting on August 8, marking a new chapter in Fitzroy. Appeared first on: hotelnewsresource.com … [Read more...]
Smaller Hotel Markets in Germany Scored Big During Euros
Average daily rate (ADR) in markets such as Dortmund skyrocketed during the tournament. The BVB Stadion Dortmund hosted six matches, including the England vs. Netherlands semifinal, which generated large spikes in revenue and occupancy. Appeared first on: hotelnewsresource.com … [Read more...]
Lüm Hotel reopens in Los Angeles
Lüm Hotel has reopened in Los Angeles following a renovation under new owner, The Chartres Lodging Group. Located at the entrance of the Intuit Dome (home of the NBA’s Los Angeles Clippers) and across the street from SoFi Stadium (which serves as home for the Los Angeles Rams), the hotel offers 179 rooms, a resort-style outdoor swimming pool and bar, a restaurant, a fitness Center and a … [Read more...]
Kabani arranges $16.2M sale of Miami-area hotel
The Kabani Hotel Group has arranged the off-market sale of the 110-room independent hotel in Miami Springs, FL. The asset sold for $16.2 million, or $147,272 per room. The property was originally the Holiday Inn Express Miami Springs before the seller took off the flag and named it the Onyx Hotel Miami Airport before the sale. The company said in a statement, “Despite the current headwinds … [Read more...]