December produced the lowest monthly RevPAR gain of 2023 (+0.3%). Remember, the year started with easy comparables due to the Omicron impact in Q1 2022, but performance growth softened as 2023 progressed due to calendar shifts, increased outbound travel, and other factors revealing the beginning of a return to normal industry patterns.
Appeared first on: hotelnewsresource.com
Diamondrock Hospitality Company Announces Senior Mangement Appointments
DiamondRock Hospitality Company last week announced the promotion of Stephen Spierto to Chief Accounting Officer effective as of May 15, 2024. In addition, the Company announced that Anika Fischer will join the Company as Senior Vice President and General Counsel on June 3, 2024. Appeared first on: hotelnewsresource.com … [Read More...]
Putting a Dollar Value on a Hotel & By David Lund
Determining the current selling or asking price for a hotel is a bit tricky. Compared to estimating the present value of a house it's more like a detailed math exercise rather than a google search on Redfin. That's what this piece is all about, how you can estimate the value, AKA sales price. Appeared first on: hotelnewsresource.com … [Read More...]
Cloudbeds and Cendyn Join Forces to Optimize Hotel Operations, Elevate Guest Relationships and Boost Revenue
This collaboration connects Cloudbeds’s property management system (PMS) seamlessly with both Cendyn CRM and Cendyn Digital Marketing Platform (DMP), empowering hoteliers to optimize operations and elevate guest relationships to boost revenue streams.5.20.2024 Cloudbeds, the premier hospitality management software platform, and Cendyn, a global integrated hotel technology and services company, … [Read More...]
8 Best Coworking Spaces in Split
If I had to choose, I’d say that Split is the best city in Croatia for digital nomads. It’s packed with things to see and do, there are plenty of other remote workers to meet and socialize with, and the coworking spaces in Split are second to none. Of course, it’s a beautiful city too, lapped by the glittering waters of the Adriatic Sea. Table of Contents Ever since Croatia launched its … [Read More...]
Aruba Details New Technology, Sustainability Initiatives, Hotel Developments, and more at CHA
The Aruba Tourism Authority today detailed upcoming developments, major events, key sustainability initiatives, and a new tech-savvy resource that will assist visitors in planning their experiences of the One happy island. These updates come as the island enjoys strong visitation numbers, with full year 2023 visitation showing moderate growth from 2019 … [Read More...]