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Weekly Hotel Performance Trends from STR: 5 – 11 February 2023

17/02/2023

hotels accommodation news

Occupancy outside the U.S. reached 61.4%, which was the highest level since early December with the measure 18.5ppts higher than a year ago. Occupancy stayed above 70% in Central & South Asia, the Middle East, and the Caribbean. Northern Europe, which includes the United Kingdom, rose to 70.5%, which was the first time it went over 70% in the past eight weeks Source: hotelnewsresource.com … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-1

HITEC Entrepreneur 20X Competition Comes to Toronto In 2023 – By Alan Young

17/02/2023

hotels accommodation news

World’s largest hospitality technology conference brings highly anticipated startup competition to the Canadian tech hub Source: hotelnewsresource.com … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-1

CBRE Raises Hotel Performance Forecast Aligning With Q4 2022 Industry Gains

17/02/2023

DALLAS—CBRE is raising its forecast for hotel performance on the heels of industry gains in Q4 2022 and the expectation of slightly positive GDP growth in 2023. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.46, up 5.8 percent year-over-year, and an increase of $0.43 from its previous forecast. The positive revision is predicated on a roughly 30-basis-point … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-9

HSMAI Americas welcomes new board members

17/02/2023

The Hospitality Sales and Marketing Association International (HSMAI) has revealed the members of its 2023 Americas Board of Directors and Executive Committee. HSMAI America’s leaders represent a cross section of the industry’s most respected hotel and hospitality brands, academics, and suppliers, according to the organization. The board is composed of senior travel and hospitality executives from … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-2

Remington Hotels adds Texas hotel

17/02/2023

Hotel management company Remington Hotels has signed a management agreement for La Quinta Inn & Suites by Wyndham Lakeway. The property marks the company’s fifth hotel in the Austin area. Remington will manage the hotel’s sales, marketing, operations, revenue management and overall customer satisfaction results. “The addition of the La Quinta complements both the Springhill Suites West Austin … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-2

STR: U.S. hotel results for week ending Feb. 11

17/02/2023

U.S. hotel performance increased from the previous week, according to STR‘s latest data through Feb. 11. Feb. 5-11 (percentage change from comparable week in 2019): Occupancy: 57.8% (-8.7%) ADR: $150.97 (+13.4%) RevPAR: $87.21 (+3.6%) While none of the top 25 markets saw an occupancy increase over 2019, Dallas came closest to its 2019 comparable (-0.7% to 66.1%). Helped by Super Bowl LVII, Phoenix … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-2

Canopy by Hilton debuts in Canada

17/02/2023

Hilton, Easton’s Group of Hotels and The Gupta Group have opened Canopy by Hilton Toronto Yorkville, marking the brand’s Canadian debut. “We’re excited to open Canada’s very first Canopy by Hilton hotel in Toronto,” said Reetu Gupta, ambassadress, The Gupta Group and Easton’s Group of Hotels. “With its premium location, the hotel will bring a unique blend of sophistication, … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-2

AHLA promotes two executives to EVP roles

17/02/2023

The American Hotel & Lodging Association (AHLA) has promoted two longtime hotel industry leaders. Troy Flanagan was named EVP, external government affairs and industry relations, and Chirag Shah was appointed EVP, federal and political affairs & counsel. In his role, Flanagan will serve as the strategic leader of AHLA’s integrated outreach to public officials, while strengthening the … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-2

Placemakr to open pop-up hotel in Maryland

17/02/2023

Placemakr, a tech-enabled flex-use hospitality and multifamily operator, has launched its newest pop-up hotel—WhyHotel by Placemakr, Columbia in Columbia, MD—which will be open to guests next month. Located in Marlow, an apartment community in Downtown Columbia, the hotel, like all WhyHotel by Placemakr pop-ups, is a limited-time-only chance for guests to book a room at a brand-new location. In … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-2

Largest US Fairmont is heading to San Diego

17/02/2023

The 1,160-room property, including 69 suites, is set to debut in 2027 as the largest Fairmont in the US. Waterfront tower Fairmont Manchester San Diego is part of a landmark development transforming San Diego’s downtown waterfront with over 5 acres of green space and more than 1.7 million sq ft of offices, retail, restaurants, public art and entertainment. The 36-storey glass tower housing the … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-5

AHLA Announces Two Executive-Level Promotions

17/02/2023

WASHINGTON—The American Hotel & Lodging Association announced the promotions of two longtime hotel industry leaders. Troy Flanagan was promoted to executive vice president of external government affairs and industry relations. In this role, Flanagan will serve as the leader of AHLA’s integrated outreach to public officials, while strengthening the association’s partnerships with allied … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-9

Rosewood reveals fifth standalone residential project

17/02/2023

US: Rosewood Hotel Group has announced the development of Rosewood Residences in Turtle Creek, Dallas, scheduled for completion in 2025. The 17-storey tower, to be developed by One Turtle Creek and led by architect Lucien Lagrange, will comprise around 46 residences. Each residence will range from 2,000 to 6,380 square-feet and will come with the option to combine units. Designer Dan Fink will … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-8

High end European hotel projects attract nearly US$65 billion in investment

17/02/2023

Representing 299,565 keys, the current collective worth of these undertakings is estimated as US$64.9 billion. Compact upscale When we last analysed THP’s European records a year ago, the totals stood at 1,791 schemes comprising 304,060 rooms, with this year’s numbers equating to a 5% increase and a 1% decrease respectively. This indicates a trend towards smaller sites receiving the green light … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-5

A wedding venue that tops all others: Ladera Resort, Saint Lucia

17/02/2023

hotels accommodation news

One thousand feet above the deep blue Caribbean Sea crashing against the Piton Mountains, lightly scented tropical breezes caress your skin and your suite’s private plunge pool beckons. Nestled into a lush volcanic ridge with postcard sea and mountain views, Ladera is St. Lucia’s most unique and luxurious resort. Recently named World’s Leading Wedding Venue … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-6

AHLA Elevates Key Industry Leaders

17/02/2023

WHY IT RATES: The hotel and resorts industries have two big names fighting on their behalf.—Donald Wood, Breaking News Senior Writer.The American Hotel & Lodging Association (AHLA) today announced the promotions of two longtime hotel industry leaders.Troy Flanagan was promoted to executive vice president of external government affairs and industry relations. In this role, Flanagan will serve … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-7

Anguilla Culinary Experience Festival to Return in May

17/02/2023

The second annual Anguilla Culinary Experience (ACE) festival will take place May 3-6, 2023, and feature talented chefs from across the small Caribbean nation and around the world for four days of chef collaborations, parties, tastings, barbeques, dinners and other curated culinary experiences.Drawing on diverse influences, resident and guest chefs will combine their skills and creativity by … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-7

The Queens Hotel acquired by Pandox for over £50m

17/02/2023

UK: Real estate investment company Aprirose has sold The Queens Hotel in Leeds to hotel owner Pandox for £53 million. The acquisition will initially be financed by existing funds and credit facilities, and includes both the hotel and its operations. It will be operated as an independent brand under a new management agreement with Axiom Hospitality. In recent years, The Queens Hotel has undergone a … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-8

Hyatt seals Saudi Arabia triplet

17/02/2023

The hotel trio will debut under the Grand Hyatt, Hyatt Regency and Hyatt Place brands and will add a combined 1,729 keys to the portfolio when they open in 2026. Mixed-use milestone Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah will be part of the Rua Al Madinah project and are set to be the first Hyatt-branded hotels in Madinah, a city that aims to attract 30 million tourists … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-5

Discover an Elevated Spring Break Vacation at Four Seasons Resort Orlando

17/02/2023

hotels accommodation news

Spring break is just around the corner, and the warm spring sunshine and heated five-acre waterpark beckons families to enjoy an unforgettable getaway at Four Seasons Resort Orlando at Walt Disney World Resort. Recognized as the No. 1 Best Hotel and No. 1 Best Resort in Walt Disney World according to U.S. News & World Report, marking the ninth consecutive … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-6

Mandarin Oriental, Tokyo Unveils Exclusive “Ultimate Sakura Experience” Package

17/02/2023

hotels accommodation news

Mandarin Oriental, Tokyo has launched the Ultimate Sakura Experience, an exclusive package to celebrate the arrival of spring and the blooming of the cherry blossoms. This new offering will provide guests with an authentic taste of Japanese culture through delightfully curated experiences, delectable culinary creations and a rejuvenating spa … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-6

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