Hotel Industry News
Last feed update: Wednesday April 25th, 2018 07:45:33 AM
When it comes to hotel operations, no times are more interesting than these, to borrow that oft-quoted Chinese curse (or blessing, depending on your perspective): 'May you live in interesting times.' Competition in many lodging markets is more intense than ever. Guest expectations, particularly with respect to anytime, anywhere mobile engagement and information access, are through the roof.
allow guests to optimize and elevate their travel experience. Located at 12833 Ranch Road 620 North, the 118-room hotel will operate as a Marriott franchise, owned and managed by Champion Hotels of Oklahoma City, Oklahoma.
Located in the heart of downtown Montreal on Boulevard René-Lévesque the hotel is just steps away from the Quartier des Spectacles (entertainment district), the Palais des congrès de Montréal (Montreal's convention center) and two city blocks from Old Montreal.
Revenue per available room up 17.2 Percent to CAD$91.25
Hilton guests in Connected Room equipped hotels will enjoy unprecedented complimentary access to a vast library of SHOWTIME service completely on demand, without requiring credentials or a subscription, via a new application specially developed for Connected Room.
Select-Service Hotel Projects Account for 369,367 Rooms 0r 63 Percent in the Total U.S. Development Pipeline.Wednesday April 25th, 2018 03:22:09 PM
Select-service projects account for 369,367 rooms or 63% of the total U.S. hotel development pipeline, according to STRs AM:PM platform. While the select-service label can be placed on projects within a number of chain scales, STR focused its analysis of growth in the sector on the Upper Midscale and Upscale chain scales.
Operating revenues were $1.72 billion for the first quarter of 2018, an increase of 20.5%, or $291.8 million, from $1.42 billion for the same period of 2017. The increase was the result of increases of $213.5 million, $65.5 million and $12.8 million from Wynn Palace, Wynn Macau and the Las Vegas Operations, respectively.
dormakaba Arrives at HD Expo With A Full Suite of Property Entrance and Opening Systems and Electronic LocksWednesday April 25th, 2018 03:05:32 PM
dormakabas Solutions for Architects and Developers Provide Attractive Entry Point and Guest-Centric Access Control Systems that Merge Security and Convenience
HFTP is accepting submissions for startups until May 4 and judges and mentors until May 18
Glenmont Capital Management, LLC, a New York-based real estate investment firm led by Managing Principal, Lawrence A. Kestin, announced the acquisition of the 241-key Holiday Inn Express & Suites Detroit Downtown. The property will undergo a comprehensive $10 million renovation and upon completion will be rebranded to a Hotel Indigo. Construction is scheduled to commence in late 2018.
Asset managed by Cimarron Hospitality, Four Points Dallas Arlington Entertainment District, previously under the name Holiday Inn Express Arlington Six Flags, offers 102 spacious guest rooms, over 750 sq. ft. of meeting space, a 24-hour fitness center and business center.
StayNTouch Webinar - Manual Processes Vs. Automation - What Type of Room Management Is Right For Your Property?Wednesday April 25th, 2018 02:40:48 PM
Its no secret that manual methods are time-consuming, require a lot of effort, (sometimes a lot of paper!), is tedious, labor-intensive, are prone to human errors and do not provide management and/or staff with the tools to manage operations effectively. However, when and in what ways is it necessary to introduce automation to your hotel's operations?
Hilton Garden Inn, Hiltons (NYSE: HLT) announced the opening of four hotels in diverse locations across the U.S., as well as Turkey and Colombia.
Executive Insights Forum Convenes Delegates from 41 Hotel Companies and Partners
New 234-Room Destination is Underway at 560 Seventh Avenue; Will Feature Signature Dining Options, Retail Space, a Rooftop LandShark Bar & Grill and Pool, & More
Meliá Hotels International has just announced, during the main tourism fair of the Arab market (the ATM of Dubai), two new hotels that will open throughout this year in the United Arab Emirates and Morocco.
Hyatt along with Rockbridge and HRI Properties, LLC announced the opening of The Eliza Jane, a 196-room hotel centrally-located just two blocks from the French Quarter and a short walk away from many of the citys iconic landmarks.
Destination Resort Invests $15 Million to Develop a Unique Sleeping Under the Sea Experience Debuting Q4 2018
The Pantheon Rome Hotel is set to begin welcoming guests to a stylish hospitality experience in the heart of the Eternal City today.
Since 2014, U.S. lodging industry owners and operators have seen a steady decline in the pace of revenue growth. In 2014, rooms revenue per available room (RevPAR) increased by a healthy 8.2 percent according to STR. Per the December 2017 edition of CBREs Hotel Horizons®, RevPAR is forecast to increase by just 2.5 percent in 2018. Facing lackluster revenue growth, hoteliers sights are now focused further on down the operating statement to determine what the impact of slow top-line gains will be on bottom-line profits.
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