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Every business that has ever been started has done so by wanting to position its products or services on a continuum between the two extremes of value and price. Some businesses (think Apple, Ritz Carlton) are focused on delivering a high value experience. Some businesses (think Walmart) are focused on being the low-cost provider in their industry. Most businesses land somewhere in the middle.
DALLAS, Texas—CBRE reduced its forecast for U.S. hotel performance this year as lodging demand softens due to weaker-than-expected leisure travel and slowing corporate profit growth. CBRE now projects a 1.2 percent increase in revenue per available room (RevPAR) growth for 2024, down from the 2.0 percent estimated in May 2024. Nevertheless, CBRE anticipates 2 percent year-over-year growth in RevPAR in the second half of 2024, up from 0.5 percent year-over-year growth in the first half, […]
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Speaker: Matt Sunshine, CEO at The Center for Sales Strategy
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Bed bugs can be a nightmare for the hospitality industry, leading to unhappy guests, potential health issues, and negative business reviews possibly resulting in lost revenue. Bed bugs will live anywhere and can easily hitchhike their way into your building on the clothing and personal items of guests and staff alike. If you do find yourself with a bed bug infestation, preparing for a bed bug service is crucial to help ensure the treatment is […] The post 6 Essential Tips to Prepare Guestr
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ATLANTA, Georgia, and BETHEDSA, Maryland—Otelier announced a new integration with Stayntouch for hoteliers to access reservation, guest, and financial transaction data from Stayntouch into IntelliSight, Otelier’s business intelligence software. Integrating with Stayntouch PMS allows Otelier to aggregate property-level data to give companies the insights and efficiencies they need to get back to delivering hospitality.
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WASHINGTON—The U.S. hotel industry reported positive comparisons year over year for the second week in a row, according to CoStar’s latest data through August 10, 2024. U.S. Hotel PerformanceAugust 4-10, 2024 Percentage change from comparable week in 2023:Occupancy: 68.7 percent (up 0.5 percent)ADR: $159.49 (up 1.4 percent)RevPAR: $109.51 (up 1.9 percent) Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (up 31.1 percent to 76.3 percent) and RevPAR (up
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Speaker: Brendan Sweeney, VP of Global Sales and David Phelan, Account Manager
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In the Q2 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the region’s total pipeline stands at 1,680 projects/249,454 rooms at the quarter’s close. Hotel projects currently under construction in Europe at Q2 stand at 755 projects/117,908 rooms, representing 45% of the projects and 47% of the rooms in the total pipeline.
PORTSMOUTH, N.H. — The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of Q2, there are 322 projects/40,297 rooms in the country’s total pipeline. These record-high project and room counts represent a 17-per-cent increase in projects and an eight-per-cent increase in rooms year-over-year (YOY).
Hotel Equities (HE) has opened the SpringHill Suites by Marriott Phoenix West/Avondale. The newly constructed hotel is owned by Virtua Avondale Hospitality LLC. “We are thrilled to open the doors of SpringHill Suites Phoenix West/Avondale and bring a top-tier lodging experience to this dynamic region,” said Karen Mendez, senior regional director, operations, HE.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
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Hotel Designs The renaissance of Palazzo Talìa The renaissance of Palazzo Talìa Palazzo Talìa has opened its doors in the heart of Rome, heralding a new era for this 16th century architectural masterpiece… Nestled near the city’s most iconic landmarks, Palazzo Talia has been meticulously restored to blend timeless elegance with modern comfort.
Rodrigo Vargas Design has promoted Jezzica Lindkrantz to the role of director. In her new position, Lindkrantz will continue to play a pivotal role in shaping the studio’s design work and ensuring the successful execution of its interior design projects. Her expertise will guide all phases of design, from initial concept through to project completion.
JLL ’s Hotels & Hospitality group has named Tony Muscio as a senior managing director for its JLL Hotels & Hospitality group, leading the Western region. With more than 20 years of experience in the real estate industry, including 18 years at JLL, Muscio brings a wealth of knowledge and expertise to his new role. Specializing in the sale of luxury resorts and trophy hotels, he has been involved in more than $12 billion worth of hospitality transactions over the course of his career.
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