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The Proper Usage of RevPAG

The Proper Usage of RevPAG

May 5, 2016

By Larry Mogelonsky, MBA, P. Eng. (www.lma.ca) Any specialty, and hospitality is no exclusion, comes with its own set of technical jargon and acronyms. We...

US Lodging in Twilight of Latest Upcycle; Caution Ahead

US Lodging in Twilight of Latest Upcycle; Caution Ahead

May 5, 2016

Fitch Ratings-New York-05 May 2016: The US lodging industry is in the twilight of the current upcycle, according to Fitch Ratings. The recovery is now the...

Billionaires Who Went from Snapping up Stately Homes now Hope to do the Same with Portfolio of 47 Holiday Inn Express Hotels

Billionaires Who Went from Snapping up Stately Homes now Hope to do the Same with Portfolio of 47 Holiday Inn Express Hotels

James Salmon | Daily Mail, London | May 5, 2016

May 05--THEY are the secretive billionaire brothers who own vast swathes of the most glamorous ? and expensive ? real estate in the world. But now Ian and...

Clear Sky Software’s Beverage Inventory System Implemented in the Heart of California’s Wine Country

Clear Sky Software’s Beverage Inventory System Implemented in the Heart of California’s Wine Country

May 5, 2016

CHARLOTTE, North Carolina – May 5, 2016 – Clear Sky Software, Inc. ® announced today that the company’s beverage inventory system has...

DoveHill and Wurzak Hotel Group Acquire the Hyatt Place King of Prussia, Pennsylvania

DoveHill and Wurzak Hotel Group Acquire the Hyatt Place King of Prussia, Pennsylvania

May 5, 2016

PHILADELPHIA, May 5, 2016 -- DoveHill and Wurzak Hotel Group announce today that the combined venture has acquired the Hyatt Place King of Prussia hotel,...

Recently Acquired Austin Radisson to Get $75M Makeover and Reopen in 2018 as The Line Austin

Recently Acquired Austin Radisson to Get $75M Makeover and Reopen in 2018 as The Line Austin

Shonda Novak | Austin American-Statesman | May 5, 2016

May 04--The new owners of the Radisson Hotel & Suites overlooking Lady Bird Lake in downtown Austin say they plan a $75 million makeover for the property...

Resorts World Las Vegas Construction to Ramp Up in Fourth Quarter 2016

Resorts World Las Vegas Construction to Ramp Up in Fourth Quarter 2016

J.D. Morris | Las Vegas Sun | May 5, 2016

May 04--Resorts World Las Vegas will begin full-scale construction sometime in the last three months of this year, an executive affiliated with the $4 billion...

Raffles Hotels & Resorts Signs with Jiangsu Golden Land for Raffles Suzhou Opening in 2020

Raffles Hotels & Resorts Signs with Jiangsu Golden Land for Raffles Suzhou Opening in 2020

May 5, 2016

SINGAPORE, SINGAPORE--(Marketwired - May 5, 2016) - Luxury hotel operator Raffles Hotels & Resorts today announced the signing of an agreement with...

Wynn Resorts, Limited Reports First Quarter 2016 Net Income of $75.2 million, Compared to a Net Loss of $44.6 million in Q1 2015

Wynn Resorts, Limited Reports First Quarter 2016 Net Income of $75.2 million, Compared to a Net Loss of $44.6 million in Q1 2015

May 6, 2016

LAS VEGAS--May 5, 2016-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2016. Net revenues for...

Ashford Trust Reports First Quarter 2016 Adjusted EBITDA Increased $15.6 million or 18%; RevPAR for All Hotels Increased 2.5% During the Quarter

Ashford Trust Reports First Quarter 2016 Adjusted EBITDA Increased $15.6 million or 18%; RevPAR for All Hotels Increased 2.5% During the Quarter

May 6, 2016

Adjusted EBITDA Increased 18% Adjusted Funds From Operations per Share Increased 20% Announced a Definitive Agreement to Sell a 5-Hotel Portfolio of...

DiamondRock Hospitality Reports First Quarter 2016 Net Income of $16.8 million, Compared to $10.6 million in the Year-Ago Quarter

DiamondRock Hospitality Reports First Quarter 2016 Net Income of $16.8 million, Compared to $10.6 million in the Year-Ago Quarter

May 6, 2016

BETHESDA, Md., May 6, 2016 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust...

InterContinental Hotels Group Reports First Quarter 2016 Trading Update

InterContinental Hotels Group Reports First Quarter 2016 Trading Update

May 6, 2016

Highlights Global Q1 comparable RevPAR up 1.5%1 Enhanced global scale: 5k rooms opened, increasing net system 2.7% YoY to 742k rooms Building future...

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