Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for February 10-12, which would be the second-highest level for a Super Bowl weekend, according to STR. The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and average daily rate (ADR) of $445. Even with 11.7% more supply in the market, a unique volume of … [Read more...]

Concord Hospitality has been selected by Marriott to operate the TownPlace Suites Baltimore BWI Airport located in Linthicum, MD. The first hotel in the state to earn LEED Gold Certification, TownPlace Suites Baltimore has 136 guestrooms, a 24-hour fitness center, a meeting room, an outdoor pool and daily hot buffet and continental breakfast. Guestroom options include studio rooms and suites, each … [Read more...]

U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through Feb. 4. Jan. 29 through Feb, 4 (percentage change from comparable week in 2019*): Occupancy: 55.3% (-7.3%) ADR: $145.35 (+13.9%) RevPAR: $80.45 (+5.6%) While none of the top 25 markets saw an occupancy increase over 2019, Las Vegas came closest to its 2019 comparable (-1.4% to 78.2%). The market … [Read more...]

Total U.S. hotel revenues, profits and labor costs reached an all-time high, according to STR‘s P&L data for 2022. With more supply in the market, the key profitability metrics each came in lower than their pre-pandemic comparable on a per-available-room basis. 2022 estimated totals Revenue: $239.7 billion GOP: $101.3 billion EBITDA: $74.8 billion Labor: $70.9 billion 2022 … [Read more...]

Hilton Worldwide Holdings Inc. reported net income of $333 million for the fourth quarter of 2022, ended Dec. 31, and $1.26 billion for full-year 2022. System-wide comparable RevPAR increased 7.5% and decreased 1.3%, for the fourth quarter and full year, respectively, compared to the same periods in 2019. “Our fourth-quarter and full-year results surpassed our expectations, with … [Read more...]

Virgin Hotels Collection has appointed Tim Wyman VP, development. In this role, Wyman will identify new business, including management and investment opportunities, for the company. This comes on the heels of the recent formation of Virgin Hotels Collection, which brought together Virgin Hotels, Virgin Limited Edition and Virgin Residences into one parent company to accelerate the global footprint … [Read more...]

Pacifica Hotels, owner and operator of more than 30 brand and boutique hotels on the Pacific Coast, has named Rob Miller corporate director of finance and Alan Qaulkenbush regional director of revenue management. Miller has more than 20 years of hospitality experience with brands including Hilton, Marriott International, IHG and more. Most recently, he was the hotel manager/director of finance at … [Read more...]

In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms. At the close of 2022, hotel development in China continued to move forward despite the country’s economic slowdown. This deceleration, due in part to … [Read more...]

Hodges Ward Elliott (HWE) has arranged the sale of the Hampton Inn Canton, an 80-key, four-story hospitality asset located in Canton, MS, part of the Jackson metro market. An HWE team comprised of B.J. Patel and Clint Hodges, both managing directors, and VP Michael Brandes brokered the sale of the property on behalf of the seller. The hotel, built in 2004, is located 30 miles north of Jackson, … [Read more...]

Rockbridge and Makeready have set a May opening for The Junto hotel in Columbus, OH, the city’s first independent lifestyle hotel. “The Junto has been intentionally programmed as a space where people and ideas can thrive,” said Christine Magrann, president/COO, Makeready. “This destination exemplifies the creativity, and the evolving growth Columbus is becoming known for while … [Read more...]

According to the Q4 2022 Construction Pipeline Trend Report for the Asia-Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY). At the Q4 close, projects currently under construction stand at 946 projects/210,559 rooms, up 5% by projects YOY. Projects … [Read more...]

According to the Q4 2022 Construction Pipeline Trend Report for the Asia-Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY). At the Q4 close, projects currently under construction stand at 946 projects/210,559 rooms, up 5% by projects YOY. Projects … [Read more...]

The Phoenix market led the U.S. meetings and events industry by volume for January, according to Knowland. The Arizona capital city was followed by Orlando and Washington, DC. The leading industry driver for meetings was technology across four of the top five markets. “The United States meetings and events business is back, growing both year over year and over historical baseline years,” … [Read more...]

Former American Hotel & Lodging Association (AHLA) President/CEO Katherine Lugar has been named EVP, corporate affairs at Hilton, effective in April. Hilton’s corporate affairs department includes communications, government affairs and ESG functions globally for the company. Lugar will report to Chris Nassetta, president/CEO, Hilton, and serve as a member of the executive … [Read more...]

Davidson Resorts, the highly specialized operating vertical under Davidson Hospitality Group, has been identified by Flag Luxury Group and Unicorp National Developments to manage Wyndham Orlando Resort International Drive in Orlando. Located in the ICON Park entertainment district within walking distance to The Wheel at ICON Park and more than 50 shops, restaurants and entertainment venues, the … [Read more...]

Graduate Hotels has appointed Andrea Melotti as EVP, operations for the brand. He will drive strategic support and operational success across the collection’s more than 30 hotels across the U.S. and U.K. “We are thrilled to welcome Andrea to the Graduate Hotels team as we continue to expand and evolve our offerings and consistently strengthen the day-to-day on-property experience for both … [Read more...]

Hotel owner, operator and developer Hotel Equities has promoted Jenn Thompson to VP, business development, where she will oversee portfolio growth in the West. She formerly served on Hotel Equities’ operations team and brings to her new role a depth of knowledge and understanding of the firm’s expertise and significant value-add generated for hotel owners, the company reports. “Jenn has a unique … [Read more...]

My Place Hotels of America has added Jeff Thomas as VP, marketing and Bruce Sneller as VP, leadership development to its executive team to bolster its support for its franchisees through additional investments in traditional, digital and social marketing efforts, and leadership development at the property level. Both executives report directly to Matthew Campbell, COO/chief legal officer, My Place … [Read more...]

U.S. News & World Report has revealed its annual rankings of the Best Hotels. The 2023 rankings highlight more than 35,000 hotels. For the first time, Acqualina Resort & Residences in Sunny Isles Beach, FL, takes the No. 1 spot in the Best Hotels in the USA ranking, which considers industry awards and guest reviews. The hotel stands out for its “world-class pools, restaurants and … [Read more...]

Hodges Ward Elliott (HWE) arranged the sale of the Hamilton-Turner Inn, an ultra-luxury, 17-key inn located in the Historic District of Savannah, GA. An HWE team comprising Pete Dannemiller, managing director and Jeff Berkman, director, brokered the transaction on behalf of the seller. Originally constructed in the late 1800s and transformed into a luxury inn in 1997, the Hamilton-Turner Inn is … [Read more...]