Sat.Jul 20, 2024 - Fri.Jul 26, 2024

article thumbnail

How to be a Hotel Buyer Rather than Merely a Hotel Bidder

Hospitality Net

When someone values a hotel, they are generally attempting to estimate its “Market Value.” My newsletter this month will focus on the term “Market Value” and provide insight as to what this term really means during a sales transaction.

Hotels 258
article thumbnail

Selina Collapses in Liquidity Crisis, Seeks Buyers

Skift Blog

Skift Take: Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CoStar: Asia Pacific and the Americas Show Increase in Hotel Pipeline Activity

Lodging

WASHINGTON—Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. June 2024 (Percent change in comparison with June 2023): Europe Among countries in the region, Germany (27,302) led in construction activity, closely followed by the United Kingdom (25,312).

Pipeline 165
article thumbnail

Key appointments: IHG, Minor Hotels, Mandala

Hotel Management

IHG promotes Rajit Sukumaran to EAPAC leadership role IHG Hotels and Resorts has announced an expanded role for Rajit Sukumaran as Senior Vice President and Managing Director, East Asia and Pacific (EAPAC) – a newly-created position, overseeing more than 20 countries. Sukumaran brings two decades of industry experience, most recently as the lead of IHG’s South East Asia and Korea (SEAK) business unit for the past four years, and previously as the company’s Chief Development Officer, Europe, Midd

article thumbnail

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

article thumbnail

Equinox Hotels And NEOM Announce Equinox Resort Treyam In Magna, The Coast Of NEOM

Hospitality Net

Equinox Hotels, a revolutionary leader in high-performance luxury hospitality, is proud to announce plans for the opening of Equinox Resort Treyam, one of Magna’s twelve destinations, located on the coast of the Gulf of Aqaba. Magna’s destinations, including Treyam, are part of NEOM, the evolving regional development, taking shape in northwest Saudi Arabia.

Resorts 237
article thumbnail

Hyatt Pursues Standard Hotels: What’s Behind the Luxury Lifestyle Play

Skift Blog

Skift Take: Hyatt sees adding luxury lifestyle hotels like Standard Hotels as creating a virtuous cycle of growth in its loyalty program and pipeline.

Pipeline 318

More Trending

article thumbnail

Meetings and Events with a Difference at Oaks Cypress Lakes Resort

Hotel Management

Nestled in the heart of the Hunter Valley, just a two-hour drive from Sydney or an hour from Newcastle Airport, Oaks Cypress Lakes Resort offers a unique blend of natural beauty and crowd-pleasing events, meetings and conference facilities. The resort’s idyllic setting, surrounded by over 150 premium wine producers, boutique breweries, and gourmet local produce, provides the perfect backdrop for any event, from intimate corporate retreats to grand conferences and gala events.

Events 130
article thumbnail

Costa Sur Resort, Classico Collection by Sonesta Opens in Puerto Vallarta

Hospitality Net

Sonesta International Hotels Corporation (Sonesta) today announced the opening of Costa Sur Resort, Classico Collection by Sonesta. The 206-room, upper-upscale property is located on a private beach overlooking the Pacific Ocean at Banderas Bay, south of Puerto Vallarta, Jalisco, Mexico. The resort sits atop a protected lagoon and is minutes away from local attractions, including The Malecón boardwalk, The Church of Our Lady of Guadalupe, Zona Romántica (Old Vallarta), and Rio Cuale Island.

Resorts 191
article thumbnail

Delta CEO Apologizes for Ongoing Flight Disruptions Caused by IT Outage

Skift Blog

Skift Take: Since Friday's outage, Delta has struggled to bounce back. CEO Ed Bastian said an issue with Delta's crew scheduling tool caused the continued flight disruptions.

308
308
article thumbnail

AHLA Issues Statement About NYC Council Bill

Lodging

WASHINGTON—American Hotel & Lodging Association (AHLA) Interim President and CEO Kevin Carey issued the following statement after the introduction of a New York City Council bill that would make hotels abide by operational mandates to stay in business. “This abrupt and destructive bill would permanently alter how hotels operate and threaten the jobs of thousands of New Yorkers,” said Carey.

article thumbnail

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

article thumbnail

Meetings and Events with a Difference at Oaks Cypress Lakes Resort

Hotel Management

Nestled in the heart of the Hunter Valley, just a two-hour drive from Sydney or an hour from Newcastle Airport, Oaks Cypress Lakes Resort offers a unique blend of natural beauty and crowd-pleasing events, meetings and conference facilities. The resort’s idyllic setting, surrounded by over 150 premium wine producers, boutique breweries, and gourmet local produce, provides the perfect backdrop for any event, from intimate corporate retreats to grand conferences and gala events.

Events 130
article thumbnail

Blended Travel as a Huge Growth Opportunity with Words of Wisdom from Marriott

Hospitality Net

Call it bleisure or hybrid travel; then look at emerging segments like the work-from-anywhere digital nomads or workcations. Overall, the hotel industry for the rest of the 2020s will see a demise of the days of wholly separated meeting and events (M&E) and leisure travel segments, giving away to a mixture of the two as travel becomes more experiential and purposeful.

Travel 179
article thumbnail

Business Travel Bounces Back: Spending Forecast to Hit Record

Skift Blog

Skift Take: Business travel is roaring back, with global spending projected to surpass pre-pandemic levels in dollar volume this year. Face-to-face wins.

article thumbnail

Accommodating Feather-Free Requests and Allergy Concerns

Lodging

While research sponsored by the National Institutes of Health has determined that feather allergy is very rare, many individuals suffer from adverse health effects from products that incorporate feather materials. According to the Mayo Clinic, feather duvet lung or hypersensitivity pneumonitis is a lung problem caused by sensitivity to antigen from feathers in duvets and pillows filled with duck or goose feathers.

article thumbnail

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.

article thumbnail

Pick Up Your Calls To Pick Up More Bookings!

Hotel News Resource

Despite the punditsÕ predictions, the phones continue to ring with incoming reservations leads even now in the mid-2020s, and yes, even at branded hotels across all segments. IÕm sure some readers are thinking 'Well not us. The majority of our rooms are booked online.

article thumbnail

STR Weekly Insights: 7-13 July 2024

Hospitality Net

Hotel performance declined more than expected with the greatest decrease taking place at the beginning of the week (Sunday-Tuesday) and the greatest impact occurring in the Top 25 Markets. A similar pattern was seen in 2019, which followed the same day-of-week calendar, although the decline this year was much more severe. In both 2019 and this year, the impact of July 4th occurring on Thursday reverberated into the following week, particularly the first couple days.

Market 179
article thumbnail

Japan’s 35 Million Tourist Bonanza in 2024: Great for Business, Not So Much for Overtourism

Skift Blog

Skift Take: The weak yen has definitely boosted Japan's tourism industry, but as the country rides this wave of visitors, it’s going to be a tightrope walk — balancing the economic gains with the realities of overtourism.

Tourism 210
article thumbnail

Hilton Garden Inn Charlestown | Mt. Pleasant Completes Renovation

Lodging

MT. PLEASANT, South Carolina—The Hilton Garden Inn Charleston | Mt. Pleasant has completed a comprehensive renovation and enhancement to all hotel guestrooms and suites, public areas, and meeting and event spaces. The Hilton Garden Inn Charleston | Mt. Pleasant is located between historic downtown Charleston, South Carolina, and the beaches of Isle of Palms and Sullivan’s Island.

Events 147
article thumbnail

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!

article thumbnail

Key Strategies from the Ownership Group Roundtable at the HSMAI Commercial Strategy Conference

Hotel News Resource

As part of HSMAIÕs Commercial Strategy Week in Charlotte, HSMAI hosted a roundtable for ownership executives. Industry experts pinpointed five main challenges and offered tactics to tackle them.

Hotels 80
article thumbnail

Travel and Tourism Sector Deal Activity Down by 12.6% YoY in H1 2024, Finds GlobalData

Hospitality Net

A total of 347 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the global travel and tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6% compared to the 397 deals announced during the same period in the previous year, according to GlobalData, a leading data and analytics company.

Tourism 182
article thumbnail

New Research: Understanding the Hidden Costs of Direct-to-Consumer Retailing

Skift Blog

Skift Take: In today’s rapidly evolving travel landscape, the trend toward direct-to-consumer (DTC) models has brought both opportunities and challenges. A new report from Travelport delves into the complexities and nuances of this shift, making a case for modern retailing that puts the consumer first.

Retail 268
article thumbnail

PMZ Realty Capital Closes Over $40 Million in Recent Transactions

Lodging

NEW YORK, New York—PMZ Realty Capital LLC announced that it has closed over $40 million in recent weeks. “Our ability to secure hospitality loans for our clients is a testament to the resilience of the hospitality sector, even amidst high-interest rates,” said Peter Berk, president, PMZ Realty Capital LLC—Hotel Finance Group. “Our industry remains vibrant and bustling with activity.

Closing 147
article thumbnail

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.

article thumbnail

The Publisher hotel opens in Virginia

Hotel Business

Hospitality management company Greenwood Hospitality , an affiliate of Hotel Equities , has opened The Publisher, a Tribute Portfolio Hotel, located in Fredericksburg, VA. Built and owned by Fredericksburg-based Vakos Companies , The Publisher Hotel is located near the home of George Washington’s mother, Mary Washington, and the Lewis/Washington family farm.

article thumbnail

Robots? In My Hotel? Three Ways AI is Stepping Up as Hospitality’s Next Great PMS Support Tool

Hospitality Net

Where did all of these robots come from? While hospitality may seem like the last place you might expect to find Artificial Intelligence, this technology has significantly impacted how hoteliers do business. While most generative AI today reacts to text prompts, it will soon rewrite the rules for hotel operations. Properties of all sizes, branded and independent alike, will benefit from automation taking over repetitive, mundane tasks — but our industry often struggles to explain how this will p

article thumbnail

Mallorca Locals Demand to ‘Change Course’ Amid Spain’s Tourism Boom

Skift Blog

Skift Take: Mallorca just had its second mass demonstration against mass tourism this summer. Expect more to come in other hot spots in Spain.

Tourism 279
article thumbnail

WorldVue Signs Agreement to Acquire Cabling Solutions

Lodging

HOUSTON, Texas—Hospitality technology solutions providers WorldVue and Cabling Solutions, LLC have announced they have signed an agreement that marks their commitment to designing and building hotel infrastructure. For nearly fifty years in business, WorldVue has been a provider of video, wireless connectivity, and professional services to hotels, residential properties, and enterprises worldwide.

article thumbnail

Preventing Employee Burnout in Restaurants & Hospitality: An Integrated Approach

Speaker: Lissa Bowen - Chief People + Culture Officer, Full Course Executive Director, Full Course Foundation

Employee burnout is a pervasive issue in the fast-paced and demanding restaurant industry, resulting in decreased productivity, high turnover rates, and compromised mental well-being. Effectively addressing this challenge requires a comprehensive approach that combines conventional management techniques, insights from neuroscience, and stress management strategies.

article thumbnail

Destination AI comes to DC in September

Hotel Business

Destination AI 2024 , a one-day event focused exclusively on artificial intelligence (AI) and how hoteliers can leverage the technology, will take place on Sept. 26, at the Partnership for Public Service Conference Center in Washington, DC. The curated event will feature keynotes, one-on-one conversations, panel sessions, case studies and networking opportunities for those interested in learning more about AI as it relates to the industry.

Events 64
article thumbnail

Minor Hotels to Debut the Tivoli and NH Hotel Brands in Northwest China

Hospitality Net

In a significant development for the hospitality sector in Northwest China, Minor Hotels (China) is announcing the official signing of a Tivoli and NH dual-branded property in Yining, Xinjiang. This marks the debut of the luxury Tivoli Hotels & Resorts and upscale NH Hotels & Resorts brands in Northwest China. Upon opening in 2026, the project is expected to welcome guests from around the globe.

Branding 165
article thumbnail

Delta’s Meltdown Enters Day 4 After IT Outage

Skift Blog

Skift Take: Delta entered another day of massive flight disruptions after an IT outage just days earlier overwhelmed its crew scheduling system.

184
184
article thumbnail

Sandpiper Hospitality Manages ECHO Suites Spartanburg

Lodging

RICHMOND, Virginia—Sandpiper Hospitality has been named manager of the ECHO Suites Extended Stay by Wyndham Spartanburg in Spartanburg, South Carolina. Opened earlier this month, the hotel is the first property open in the ECHO Suites Extended Stay by Wyndham brand. Each of the 124 suites in the newly constructed hotel includes a kitchenette with two stovetop burners, a full refrigerator, and a microwave.

article thumbnail

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.