Fri.Apr 21, 2023

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The Short-Term Rental Challenge Remains as Demand Outpaced Supply in 2023

Skift Blog

Skift Take: Slower supply growth and high demand aren't always necessarily bad, quite the opposite: They translate into high occupancy rates, and more revenue per booking.

Occupancy 300
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Hyatt Regency Mexico City Insurgentes Announces Official Opening

Hospitality Net

Located across from the World Trade Center and Convention Center and Pepsi Center WTC, the modern 201-room hotel is conveniently located on the iconic Insurgentes Sur avenue, offering guests the perfect combination of contemporary and functional accommodations

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American Express Sees Flights Propping Up Record Spending Volume On Cards

Skift Blog

Skift Take: Credit card members are flying and eating out like never before, driven by Millennial and Gen Z's propensity to travel. Hotels are lagging airlines in terms of growth.

Travel 269
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Does opportunity knock for hotel investors?

Hospitality Net

Investors have been waiting in the wings of the hotel sector since the start of the pandemic, certain that there would be bargains to be had in the form of distressed assets. In the event, government support and understanding banks (we understand banks don’t want to find themselves owning hotels) kept everyone in business.

Events 246
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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The Travel Industry’s Struggles With Climate Change

Skift Blog

Skift Take: Today’s edition of Skift’s daily podcast looks closer at a timeline of climate change actions, Six Senses’ new products, and the tourism board that dropped its destination.

Tourism 269
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Metaverse 101 for Hoteliers: A Step-by-Step Guide to Embrace the Future of Hospitality

Hospitality Net

As advancements in virtual and augmented reality technology, blockchain, and Web3 continue to shape our world, the idea of a metaverse is becoming more of a reality. For those unfamiliar with the workings of the Metaverse, it can be daunting and perplexing. However, it presents many opportunities for hoteliers and other entrepreneurs, and it is essential to navigate this new frontier and kickstart its business potential.

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Lodging’s Legal Environment: Two Cases That Illustrate the Vital Importance of Reasonable Care by Hotel Management

Lodging

Hoteliers understand that they work in an environment fraught with legal implications, multiplied by myriad municipal, state, and federal statutes and regulations. Large hotel companies employ risk management professionals focused on safeguarding people and assets. They know that, while enterprises are not insurers of the safety of guests, hospitality operators have a legal duty to exercise reasonable care to provide hazard‑free premises for guests and staff.

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Economic Uncertainty Be Damned, Revenge Travel is Unstoppable!

Hospitality Net

As some experts speculate that consumer savings will dwindle and there will be less travel in 2023, our early market indicators show a different story. Currently, the revenge travel trend is holding strong, and exponential levels of demand and direct bookings seem likely to continue growing in 2023. Keep reading this article to find out why we expect travel to continue with a vengeance in 2023.

Travel 244
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Opportunistic Outlook: Mehul Patel on NewcrestImage’s Acquisition Strategy

Lodging

In 2022, NewcrestImage acquired nearly 90 hotels. Managing Partner and CEO Mehul Patel expects to top that number in 2023. To date, the Dallas, Texas-based company is well on its way to acquiring 100 properties this year: In March alone, NewcrestImage announced two joint venture (JV) acquisitions with Phoenix, Arizona-based Hospitality Capital Partners (HCP), adding a 16-hotel portfolio spanning nine states and an 11-hotel portfolio spanning seven states.

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The Ameswell Hotel Announces Ambition to Become Carbon Neutral

Hospitality Net

The Ameswell Hotel, a new design and technology-oriented independent hotel located in the heart of Mountain View, California, today announces their plan to become carbon neutral by the year 2024. Following their recent recognition as the newest hotel in California to be awarded the Leadership in Energy and Environmental Design (LEED) Silver Certification by the U.S.

Hotels 243
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Diving into Diversity: Decoding the Foundations of Inclusion in Hospitality Talent Acquisition

Speaker: Lauren Fernandez - CEO & Founder, Full Course

Companies all over the world, including Marriot International and Hilton Worldwide, are aware of the value of including DEI in their talent acquisition strategy. However, despite these initiatives, there is still plenty that the hospitality sector can do to promote DEI. When comparing the hospitality industries in India, Iraq, the UK, and the US, you will see that there is a consistent underrepresentation of persons from different ethnic, gender, and disability origins across all levels of the i

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Accountability – The 14-Letter Dirty Word for Many Sales Organizations

Anthony Cole Training

Accountability in an organization is kind of like the old country song by Joe Diffie: Prop Me Up Beside the Jukebox (If I Die).

Sales 216
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Building ecosystems: An answer to 21st century education 4.0

Hospitality Net

"Ecosystems are a group of interconnected and diverse actors, that complement each other and create added value" (John C. Moore, 1993). In the context of higher education, adopting an ecosystem framework can help expand the learning experience so that opportunities flourish and new, collaborative solutions are generated to respond to today’s changing environments.

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JW Marriott Houston by The Galleria Completes Renovations

Lodging

HOUSTON—Located within Houston’s uptown area, JW Marriott Houston by The Galleria recently unveiled the last renovation phase of the guestrooms, suites, and corridors to finalize the hotel’s complete transformation. The enhancements join the meeting and public spaces, lobby, and executive lounge, which were finished in 2019. The spaces reflect design choices by Parker-Torres Design, which represent Houston’s history and culture while creating transitions throughout the hotel’s interior.

Hotels 130
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BirchStreet Systems Exhibiting at The Hospitality Show in Las Vegas

Hospitality Net

BirchStreet Systems, the market leader in P2P software for the hospitality industry, announces it is exhibiting at The Hospitality Show, a brand new industry event hosted by The Venetian Resort in Las Vegas, this summer.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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KSL Resorts Announces New Sustainability Program: ‘On Purpose’

Lodging

IRVINE, California—KSL Resorts announced it has launched a new sustainability program, “On Purpose,” to be rolled out among its portfolio of 11 hotels and resorts, among them Camelback Resort in the Pocono Mountains, Pennsylvania; Vespera Resort on Pismo Beach, California; Fairmont Grand Del Mar in San Diego, California; Silverado Resort and Spa in Napa, California; and Sheraton San Diego Hotel & Marina in San Diego, California.

Resorts 130
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You Too Can Be As Good As Amazon… Maybe!

Hospitality Net

For a number of years, I’ve preached that our customers no longer compare us just to our direct competitors, but instead to the brands they enjoy doing business with the most. In other words, the ones that provide the best customer service and experience. In many of my customer service and CX keynote speeches, I’ll ask the audience to shout out the companies they love doing business with.

Services 222
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5 minutes with: Vidar Thomassen on tech’s role in a sustainable hotel

Hotel Designs

Hotel Designs 5 minutes with: Vidar Thomassen on tech’s role in a sustainable hotel 5 minutes with: Vidar Thomassen on tech’s role in a sustainable hotel Editor Hamish Kilburn speaks to Vidar Thomassen, Director, Zennio, to discuss how technological solutions are supporting the hospitality industry to become more environmentally aware… In the last few years, hotels have had to work harder to practice what they preach when it comes to sustainability.

Hotels 98
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Virtual AI Being Creation Platform MindOS Just Launched its Global Closed Beta

Hospitality Net

Singapore-based Mindverse AI kicked off its Closed Beta Launch of MindOS, its debut tool for creating customized virtual characters for hospitality and e-commerce. The webinar hosted journalists, developers, creators and distributors from across the world, all of whom were given cost-free beta licenses for MindOS. A recording of the closed beta launch can be accessed here.

Closing 201
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A Buyer’s Guide to Future-Proofing Your Restaurant Tech Stack

The race to 100% digital is on. With the restaurant industry still in the early innings of its digital transformation, brands need an airtight strategy when it comes to building out their tech stack. Download the buyer’s guide to learn where to prioritize your efforts and get the most out of every investment.

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Curve appeal – the Luna collection from GRAFF Designs

Hotel Designs

Hotel Designs Curve appeal – the Luna collection from GRAFF Designs Curve appeal – the Luna collection from GRAFF Designs Luna by GRAFF Designs is a unique brassware collection characterised by a dramatically curved silhouette. . The defining shape of the Luna Collection from GRAFF Designs is reminiscent of the crescent moon from which it took its inspiration and which, creates an elegant focal point over the basin or within the shower.

Market 98
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AAHOACON23 Breaks Various Records in AAHOA History

Hospitality Net

The 2023 Asian American Hotel Owners Association (AAHOA) Convention & Trade Show in Los Angeles last week broke various records in the association’s history.

Hotels 212
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18 Story Graduate Austin, TX Hotel to Open in 2025

Hotel News Resource

The property, located at Guadalupe Street and West 18th Street, is situated in the heart of downtown, just steps from the University of Texas campus and Texas Capitol Mall. Upon completion, the 18-story hotel is expected to open in 2025.

Hotels 98
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Preferred Hotels & Resorts Welcomes Ten New Member Properties

Hospitality Net

Preferred Hotels & Resorts, the world’s largest independent hotel brand representing more than 650 hotels, resorts, and residences across 80 countries, welcomed 10 best-in-class properties to its global portfolio between January 1 and March 31, 2023. Ranging from a modern chalet-style resort in the Austrian Alps to a 39-story skyscraper in New York City’s NoMad district, these new members offer thoughtful services and personalized experiences to inspire summer 2023 travel plans and guide travele

Resorts 181
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ABM Success Recipe: Mastering the Crawl, Walk, Run Approach

Shifting to an account-based marketing (ABM) strategy can be both exciting and challenging. Well-implemented ABM motions build engagement with high-value accounts and drive impactful campaigns that resonate with your audience. But where do you begin, and how do you progress from crawling to running? Watch now as Demand Gen experts delve into the essentials of each stage of the ABM process.

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STR Reports Hotel Construction Down Across All World Regions

Hotel News Resource

Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.

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A One-of-a-kind Professional – Hotelier and Hospitality Educator

Hospitality Net

There are people in our lives who make an enormous impact on us. Some of these are personal and some professional, and if we are fortunate, we have some who have an impact on both of those parts of our lives.

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5 Eye-Opening Conclusions from my 30-Day Generative AI Journey

Hotel Marketer

“It was the best of times, it was the worst of times, it was the age of wisdom, it was Continue Reading

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Creating a more Sustainable Travel Industry

Hospitality Net

At Expedia Group, we believe travel is a force for good. At the same time, we also recognize the environmental toll that today’s travel industry often has on the planet. Climate action is essential to preserving the many destinations our travelers are looking to experience. Sustainability is more than an accelerating trend for travel — it’s fundamental for the future of our industry.

Travel 181
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Beyond The Meeting Room: Luxury Magazine Resource

Escape into a world of luxury and dive into the future of tech, fun takes on the American pastime, and many inspirational individuals. With engaging reports on fashion, food, travel, finance, sports, and more, download now and enjoy the read!

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STR: U.S. hotel results for week ending April 15

Hotel Business

U.S. hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR ‘s latest data through April 15. April 9-15 (percentage change from comparable week in 2022): Occupancy: 64.2% (+3.7%) ADR: $155.33 (+4.7%) RevPAR: $99.67 (+8.6%) Among the top 25 markets, Minneapolis saw the highest year-over-year (YOY) increase in occupancy (+17.4% to 54.5%).

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Tomu Named Finalist in 2023 Hospitality Design Awards for Sustainable Solutions

Hospitality Net

Tomu, Inc., a sustainability-focused hospitality development company, is excited to announce its selection as a finalist in the prestigious Hospitality Design Awards. The company has been recognized under the "Sustainable Solutions" product category for its innovative and eco-friendly approach to new hospitality development.

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Cosimo Lardo Named Resort Manager for the Four Seasons Resort Scottsdale at Troon North

Hotel News Resource

Lardo’s most recent appointment was leading the food and beverage operation for the past six years at Four Seasons Hotel Kuwait at Burj Alshaya as Director of Food & Beverage.

Resorts 52
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Cost vs Conscience: Booking.com Delves into the Dilemma Dividing Sustainable Travel in 2023

Hospitality Net

Booking.com releases new research, with insights gathered from more than 33,000 travelers across 35 countries and territories, that highlights a dilemma where people feel potentially forced to choose between cutting costs and being more mindful about making more sustainable travel choices. At a time of general global uncertainty, traveling more sustainably continues to be front of mind for travelers, with three-quarters (74%) believing people need to act now and make more sustainable choices to

Travel 177
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How Intent Data Helps Marketers Convert A-List Accounts

One of the biggest challenges for any B2B marketer is understanding your prospects’ next move — who is most likely to buy and when. Without these insights, marketing campaigns can feel more like guesswork, with high investment and little return. We’re here to tell you there’s a better way. By tracking buyers’ digital footprints and online activity, such as website visits, product reviews, and spikes in content consumption, you can engage prospects with a message that really resonates.