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Skift Take: Barry Sternlicht sees trouble brewing for big hotel chains. The Starwood founder warns that nimble upstarts will steal their marketshare one social media post at a time. Read the Complete Story On Skift
Skift Take: The Indian aviation sector is adding more airports across the country, and airlines are investing in upgrading and expanding their fleets. A consistent growth in domestic air passenger traffic is crucial to their return on investments, especially as international airlines are eyeing this growing consumer base.
NORTH BETHESDA, MarylandChoice Hotels International, Inc. Highlights include: “Choice Hotels generated another quarter of record financial performance and RevPAR outperformance, demonstrating the successful execution of our growth strategy,” saidPatrick Pacious, president and chief executive officer.
Skift Take: If stiff regulation doesn't get in the way, it is very likely that short-term rentals will take a chunk of marketshare from hotels. That's why you'll see more hotels getting into the vacation rental biz. Dennis Schaal Read the Complete Story On Skift
Skift Take: As it seeks to deepen its marketshare and broaden its portfolio, Brigade Hotel's IPO plans highlights not just the company’s growth potential, but also the broader optimism surrounding India’s hospitality industry. Peden Doma Bhutia Read the Complete Story On Skift
Skift Take: The hotel brands have largely captured marketshare in the upscale segment and are now expanding their portfolios into the relatively un-penetrated luxury and midscale/premium economy space that offer the greatest opportunity for further branded share gains. Pranavi Agarwal Read the Complete Story On Skift
BWH Hotels hires Senior Business Development Executive BWH Hotels Australasia has appointed Dean Bagley to the role of Senior Business Development Executive. We are thrilled to welcome Dean to the team, said BWH Hotels Australasia Managing Director, Rod Munro. We have a clear ambition to make Park Proxi a hotel of the locals.
Points range from the performance of their loyalty programs to how they're taking marketshare. Skift Take: A dozen things jumped out at Skift when looking at Marriott and Hilton's annual financial filings. Sean O'Neill Read the Complete Story On Skift
The deal was brokered by Hunter Hotel Advisors, with Senior Vice Presidents Tim Osborne and Spencer Davidson representing the institutional seller. NewcrestImage acquired the DoubleTree Suites by Hilton Columbus Downtown in Ohio.
Skift Take: TUI's ability to move beyond its safe middle-market playground through an expanded luxury offering came under the spotlight at the Skift Future of Lodging Forum. Ultimately, a brand's marketshare is way more than customer segments — it's really rooted in experience and value.
The gap between data-savvy hotels and those using outdated methods is growing fast. This isn't just a theory; it directly affects your revenue, profitability, and marketshare. Winning demands data-driven decisions integrated across your commercial teams and, crucially, forward-looking.
EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia. On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
One of the things that stood out to me when I first interviewed Stan Kennedy , Chief Operating Officer at Remington Hotels, was a brand performance team they assembled in the early days of the pandemic recovery to help turn around hotels that were struggling or in transition.
Skift Take: Despite the volatility of the past few years, China is on track to become the world’s largest tourism market by 2032. As domestic travel returns, Accor is gaining marketshare by accelerating growth and tailoring solutions for the Chinese market. Accor Group Read the Complete Story On Skift
Tonetto brings a wealth of industry experience, most recently serving as Director – Hotels at Axsia HTL, where she worked closely with hotel leaders and owners to achieve their goals and maximise return on investment. Café – the first of the brand- and, most recently, led the team at Vibe Hotel North Sydney.
ORLANDO, Florida—Auro Hotels announced the newest addition to its portfolio: the Courtyard by Marriott Orlando Airport. This property acquisition adds to its base in the Orlando market, bringing the total to eight properties and 1,521 rooms.
Hotel demand fell 1.6% of industry-wide marketshare, up from 15.2% in December, while short-term rental demand rose 4.3%. Short-term rentals now represent roughly 18.6% prior to the pandemic.
Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, has expanded its executive team with the promotion of Cory Chambers to EVP, chief commercial and analytics officer. at hotels ranging in size from 300 to 1,300 rooms. The company also promoted Maggie Rosa to VP, operations.
NEW YORK—Fairmont Hotels & Resorts and Kailas Companies announced the official kickoff of the downtown redevelopment project of 1010 Common Street, which will mark the return of the Fairmont brand to New Orleans. Slated to open summer of 2025, the hotel will be located in the Central Business District, near the city’s French Quarter.
In May, short-term rentals continued to take share from hotels, with demand growing 13% compared with a 1.5% increase in hotel demand. While RevPAR growth for STRs was positive, up 4.2%, occupancy has dropped to below pre-pandemic levels as supply growth has continued to increase.
Together with the staffing crisis that the industry is grappling with, one theme has dominated discussions over the last few months – what are hotels doing to service the post-Covid traveller? Remaining relevant to guests is key, and those that don’t are at risk of losing marketshare. Who is your customer?
A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets. ” Hotels lead in cities . .
In his new role, Wood is responsible for increasing marketshare in the United Kingdom and internationally. McNeill Hotel Company announced the promotion of Kimberly Jensen to general manager of the Homewood Suites by Hilton in Boise, Idaho. Jensen has been in the hospitality industry for over 20 years.
In the perpetual quest to achieve greater marketshare, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs). This is where hotel data revenue can help. The post How to use hotel data to drive revenue appeared first on Revinate.
The Ascott Limited has unveiled a 252-key Citadines hotel in North Sydney as part of the now complete 88 Walker St development – the tallest tower in North Sydney. Citadines Walker is the second Citadines Hotel to be opened in NSW, and the fourth in the Australian market.
Hotel demand fell 2.0% Despite taking share from hotels, increasing supply has created occupancy headwinds for short term rentals causing RevPAR to contract 6.6%. in January, while short-term rental demand rose 1.3%.
The collaboration of these two solutions will enable sellers to work efficiently while making marketshare gains. ARLINGTON, Virginia—Knowland and Thynk announced a strategic partnership in which data from Thynk’s hospitality CRM solution will be integrated with Knowland’s meetings and events database.
An improvement in economic conditions is on the horizon with leisure and business tourism set to benefit, according to CBRE Director – Hotels and Leisure, Peter Hamilton. Following an initially strong recovery in demand following international border openings in mid-2022, demand growth slowed in most New Zealand hotelmarkets from early 2024.
The business shared the announcement exclusively to HM ahead of the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which takes place at the Adelaide Oval on May 3-4. “As The post Exclusive: Ascott to open Sydney lyf, Oakwood Epping appeared first on Hotel Management.
General managers that put more effort into the commercial work in the hotel will likely steal marketshare from the competition. Here are three things that are the top priorities in 2023 for hotel general managers.
EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia. On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
With new developments preparing to open, the company shared 11+ consecutive quarters of marketshare growth. BOSTON, Massachusetts, and THE WOODLANDS, Texas—Pyramid Global Hospitality announced the expansion of its U.S. portfolio with the addition of properties from Florida to Hawaii. portfolio.
Skift Take: TUI might be well-known for its package tours, but the operator remains intent on maximizing the cross-sell of dynamic pricing and standalone booking components to grow its marketshare. Selene Brophy Read the Complete Story On Skift
While wireless Internet access became available in the late 1990s, it wasn't until a few years after the turn of the millennium did it resurfaced and gained traction and popularity. Devices like the Kindle e-reader, iPho.
They are not satisfied with their fair share of the market. Instead, they want to steal marketshare to increase their profits and give the owners a higher return on investment. The big question is how you beat the market. If you are one of those, this blog post is for you. Here are the differences.
The digital shift for hotels is not without its challenges. Hotel real estate owners, who often prioritize short-term profits and tangible assets, may not fully understand the long-term benefits of investing in technology. This gap between guest expectations and industry resistance could seriously affect hotels that do not adapt.
Radisson Hotel Group is expanding its presence in Africa with the announcement of seven hotel signings, adding over 1,400 rooms, so far this year. We are also proud to further entrench our stance as the operator with the most extensive presence in Africa with once again a new market entry as the only hotel operator.”
Meyer Jabara Hotels (MJH) has taken over management of the 84-room Holiday Inn Express & Suites Carson City in Carson City, NV. The deal marks the companys second hotel in the state. MJH began its westward expansion in November 2024 with the acquisition of Griffin Hotel Management.
First-time general manager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. Michelle, tell us about the Moxy brand and what makes this hotel different? Everything we do at Moxy challenges that traditional hotel experience.
The battle for direct bookings has entered a new phase as online travel agents ramp up efforts to establish ownership of hotel guests and their booking journeys
When new luxury and upper-upscale hotels enter a market, it can serve as a call to action for other hotels to up their game. For these legacy hotels, the challenge is not just to maintain marketshare but also to reinforce their foothold among new entrants.
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