Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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Four Financial Changes That Impact the Hospitality Industry’s ‘New Normal’

Lodging

In 2019, the United States enjoyed the unprecedented 11th year of economic growth since the “Great Recession.” Economists predicted an economic downturn; the only question was what would be the cause? Few anticipated that the trigger would be a worldwide pandemic, the likes of which had not been seen since 1918. Around the world, governments used different approaches to stem the spread into and within their countries.

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Lionel Messi Returns to Promote Saudi Arabia and Break ‘Outdated Stereotypes’

Skift Blog

Skift Take: Recognizing the need for a significant image overhaul, Saudi Arabia understands that reshaping perceptions is crucial for it to achieve its ambitious tourism goals by 2030.

Tourism 68
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Perth’s Adina Barrack Plaza joins AU$850 million Serene Capital portfolio

Hotel Management

Boutique fund manager Serene Capital has taken ownership of Adina Apartment Hotel Barrack Plaza at 138 Barrack Street in Perth’s CBD. On Wednesday January 31, the 100-key hotel became the 11 th asset in Serene’s flagship hotel fund, Serene Capital Hotel Fund 1, joining more than AU$850 million assets currently under Serene Capital management. Adina Barrack Plaza is the third hotel partnership between Serene Capital and TFE Hotels in Australia, following Vibe Hotel Perth Subiaco and Adina Service

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Glamorous Silversands Grand Anse Introduces Silversands Beach House Grenada

Hospitality Net

Opened on 1st February 2024, Silversands Beach House Grenada - sister property to the glamorous Silversands Grand Anse and the brand’s latest endeavour in the Caribbean - is set to further cement Grenada’s status as the go-to Caribbean island this year.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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AHLA: 72 Percent of U.S. Travelers to Maintain or Increase Hotel Stays in 2024

Lodging

WASHINGTON—Seventy-two percent of U.S. travelers say they plan to either maintain or increase their number of hotel stays in 2024 compared to 2023, and hotels remain the top lodging choice for likely travelers, according to a survey commissioned by the American Hotel & Lodging Association and conducted by Morning Consult. The survey found that most U.S. travelers (53 percent) plan to take overnight trips for leisure during the next four months, and 32 percent plan […] The post AHLA: 72

Travel 299
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FIFA World Cup 2026: Big Reveal of Host Cities Is Coming Soon

Skift Blog

Skift Take: FIFA's 2026 World Cup schedule announcement on February 4 will shape the future of tourism in 16 North American cities.

Tourism 338

More Trending

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5 Ways Hotels Are Pioneering Customer-Centric Tourism in 2024

Are Morch

In 2024, the travel and tourism sector is leading the way in a revolutionary change toward customer-centric travel. This new paradigm places a strong emphasis on customized experiences and makes use of cutting-edge technology and creative services to cater to passengers’ changing wants. Hotels are reinventing the travel experience, making sure that visitors have more […] The post 5 Ways Hotels Are Pioneering Customer-Centric Tourism in 2024 appeared first on Are Morch, Digital Transf

Tourism 278
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Peachtree’s Management Group Selected to Operate Merrill Hotel

Lodging

ATLANTA—Peachtree Group‘s hospitality management group has been selected to operate the Merrill Hotel, Muscatine, a Tribute Portfolio Hotel in downtown Muscatine, Iowa. The property comprises 122 guestrooms, a full-service restaurant, nearly 13,000 square feet of meeting and event space, an outdoor terrace, a heated indoor saltwater pool, and a fitness center.

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Las Vegas Hotels to Charge Highest Room Rates in Super Bowl History

Skift Blog

Skift Take: After a controversy around hosting the Formula 1 race, the Super Bowl will be another test for how well Las Vegas handles mass sporting events.

Events 334
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Key appointments: Marriott, Hilton, Crown and more

Hotel Management

Exclusive: Janet McNab joins Sydney Sheraton Experienced hospitality leader Janet McNab has taken up the General Manager role at Sheraton Grand Sydney Hyde Park, returning to Australia after more than two decades working in Asia. In a hospitality career that has taken her to China, Indonesia, Malaysia, Thailand, and Macao, McNab has gained experience across multiple Sheraton brands as well as other prominent brands such as Starwood Hotels and Resorts.

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Don't Let AI Pass You By: The New Era of Personalized Sales Coaching & Development

Speaker: Brendan Sweeney, VP of Sales & Devyn Blume, Sr. Account Executive

Are you curious about how artificial intelligence is reshaping sales coaching, learning, and development? Join Brendan Sweeney and Devyn Blume of Allego for an engaging new webinar exploring AI's transformative role in sales coaching and performance improvement! Brendan and Devyn will share actionable insights and strategies for integrating AI into coaching and development - ensuring personalized, effective, and scalable training!

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IHG Hotels & Resorts continues to grow its lifestyle portfolio in Mexico with the opening of Hotel Indigo La Paz Puerta Cortés, in Baja California Sur

Hospitality Net

Hotel Indigo’s neighborhood proposition delivers a stay experience rooted in local culture in the Mexican Baja Peninsula.

Resorts 278
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CBRE: Investors to Purchase More U.S. Commercial Real Estate in 2024

Lodging

DALLAS—Investors are poised to purchase more U.S. commercial real estate in 2024 as they anticipate improved credit conditions as interest rates fall later this year, according to the findings of CBRE‘s latest U.S. Investor Intentions Survey. The survey, which covers all asset types, showed improved investor sentiment, with 60 percent planning to expand their real estate portfolios in 2024 versus just 16 percent in the previous year.

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American Airlines to Fly Special Taylor Swift Flight AA1989

Skift Blog

Skift Take: This zero-cost marketing move by American helps associate the brand with the Super Bowl buzz in a fun way.

Branding 330
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Travel and Leisure Co acquires Accor Vacation Club for US$48.4 million

Hotel Management

Travel and Leisure Co. has signed a deal to acquire Accor’s vacation ownership business – a total of 24 resorts across Australia, New Zealand and Indonesia – for US$48.4 million. Travel and Leisure Co. will also receive the exclusive rights to develop new vacation ownership clubs and products under the Accor Vacation Club brand across Asia Pacific, Middle East, Africa and Turkey.

Travel 279
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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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InterContinental Auckland reimagines luxury hospitality in the City of Sails

Hospitality Net

InterContinental Hotels & Resorts, part of the IHG Hotels & Resorts luxury and lifestyle portfolio, has made its debut in New Zealand’s largest city with the opening of InterContinental Auckland. Gracing the city’s waterfront at the halo address of One Queen Street, InterContinental Auckland anchors the one billion dollar (NZD) Commercial Bay lifestyle precinct, which houses the city’s latest upscale office, retail, social, and dining hub.

Retail 276
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Extended Stay America Grows Franchise Portfolio by 20 Percent

Lodging

CHARLOTTE, North Carolina—Extended Stay America announced its growth outlook through franchising, following the momentum from a year of milestones, including 20 percent growth of its franchise portfolio across its family of brands: Extended Stay America Premier Suites, Extended Stay America Suites, and Extended Stay America Select Suites. The momentum from franchising drove brand achievements last year.

Branding 279
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How to Run a $7.5 Billion Luxury Hotel Portfolio: Inside Gencom’s Strategy

Skift Blog

Skift Take: Karim Alibhai's began his career at a Best Western motel. In the decades since, his firm Gencom has bought, sold, and developed eight Ritz-Carltons and dozens of other luxury hotels. Here's his formula.

Motels 323
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Queensland the ‘standout performer’, recording $742 million in hotel transactions

Hotel Management

Hotel investment volumes) reached AU$2.43 billion in 2023, showcasing a year-on-year increase of 26% and surpassing the 10-year long-term average of AU$2.14 billion, according to the latest data from JLL Hotels and Hospitality Group. A total of 53 deals settling over the year, encompassing approximately 5,500 rooms, demonstrating robust activity and exceeding the previous year’s 51 sales (4,100 rooms) to became the highest number of transactions reported annually since 2015’s record breaki

Hotels 264
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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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Accor announces two new hotels in Sanya Yalong Bay, with Swissôtel and Grand Mercure opening in 2024

Hospitality Net

The popular, family-friendly brands will create a vibrant dual-branded resort complex at the tropical paradise on Haina Island.

Resorts 275
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STR: Las Vegas ADR Expected to Reach Highest Level of Any Super Bowl Weekend

Lodging

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR. The market is projected for a Friday through Sunday night occupancy of 87.9 percent. That level combined with an ADR of $573 would result in revenue per available room (RevPAR) of $504.

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Ryanair CEO Says United’s Boeing 737 Max Comments Were ‘Stupid’

Skift Blog

Skift Take: Michael O’Leary has delivered a rousing endorsement of the beleaguered planemaker’s products. After last week’s public criticism from some U.S. airline chiefs, his intervention will be warmly welcomed by Boeing.

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Hilton brings branded residences to Papua New Guinea

Hotel Management

Hilton has introduced the first branded residences in Papua New Guinea with the opening of Hilton Port Moresby Residences, the business reported on Friday. Under a management agreement with Star Mountain Plaza Ltd (SMPL), Hilton will manage the newly built Residences alongside the Hilton Port Moresby Hotel, which is already in operation. “We’re privileged to be partnering with Star Mountain Plaza once again to expand Hilton’s presence in Port Moresby,” said Hilton Area Vice President and Head Of

Branding 262
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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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DoubleTree Suites by Hilton Orlando-Disney Springs Area Debuts Multimillion-Dollar Upgrade

Hospitality Net

DoubleTree Suites by Hilton Orlando-Disney Springs Area has completed a multi-million-dollar renovation to its 236 all-suite property located at 2305 Hotel Plaza Boulevard, convenient to the Orlando International Airport, the Orange County Convention Center, and Orlando’s world-class theme parks.

Hotels 272
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4 Rules to Help Your Salespeople Have Better Initial Calls

Anthony Cole Training

How important is it that you or your sales team close more business, more quickly at higher margins? We can guess that it is pretty important.

Closing 239
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Vrbo Ads Take Aim at Airbnb During NFL Games

Skift Blog

Skift Take: Vrbo can pick its spots to compete with Airbnb. But it's not a zero-sum game and parent company Expedia has no expectation of "beating" Airbnb.

Market 315
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Ovolo Hotels joins SLH portfolio in global brand boost

Hotel Management

Ovolo Hotels has entered a strategic partnership with Small Luxury Hotels of the World (SLH) which will see seven of its properties join the 500-strong independent global collection. The alliance will support Ovolo’s global expansion through SLH’s global sales, distribution, and marketing platforms, increasing its brand awareness internationally. Ovolo CEO Dave Baswal “We are thrilled to partner with Small Luxury Hotels of the World, a brand synonymous with independently spirited hotels and exce

Branding 259
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Beyond the Basics: How to Develop and Retain a Top-Performing Sales Team

Speaker: Brendan Sweeney, VP of Sales at Allego

Maximizing sales rep performance is no easy task. 📈 Traditional sales training methods focus heavily on the first few weeks in the sales role. Companies dedicate time, resources, and budget to onboarding new hires, only for them to forget what was learned in those first few weeks, lose motivation, and struggle to come to grips with their role.

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ibis Styles Paignton opens on The English Riviera

Hospitality Net

The first UK opening for the brand in 2024.

Branding 271
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Pebblebrook Hotel Trust Publishes Latest ESG Report

Lodging

BETHESDA, Maryland—Pebblebrook Hotel Trust published its fifth annual Environmental Sustainability and Social Responsibility Report covering the company’s environmental, social, and governance (ESG) performance and its commitment to environmentally sustainable business practices and social responsibility to its employees and other stakeholders. Pebblebrook’s 2023 ESG Report is aligned with international reporting standards such as the Global Reporting Initiative and includes disclosures by the R

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‘We Caused the Problem:’ Boeing CEO Apologizes for Max 9 Crisis

Skift Blog

Skift Take: The U.S. planemaker said it can’t issue 2024 financial targets as it still reels from the Alaska blowout.

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‘More than one a day’: Hilton caps mammoth year with record quarterly openings

Hotel Management

Hilton rounded out 2023 with the strongest development quarter in its history, opening a total of 132 hotels and approximately 24,000 rooms between October and December. The last quarter brought Hilton’s full-year openings to 395 hotels – averaging more than one new hotel per day – and approximately 63,000 rooms, reaching net unit growth of 4.9%. Hilton also achieved record signings in 2023, boosting its development pipeline by nearly 1,000 hotels, representing 130,000 rooms, up 45% from the yea

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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!