Industry Market Reports

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Industry Market Reports

Travel Trends Index: Domestic, Int’l Demand Expected to Drag Over Next Six Months

U.S. Travel Association | July 10, 2019

WASHINGTON (July 10, 2019) — Travel to and within the U.S. grew 3.2% year-over-year in May, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 113th straight month of overall expansion. While this is up slightly from April's 3.0% overall growth, the Leading Travel Index (LTI) predicts travel growth will soften through November 2019 as all travel segments experience softer growth. International travel grew only 1.2% in May, following three months of wide fluctuations due to the timing of Easter, which has historically been a peak travel time for visitors to the U.S. Over the next six mo...

Number of Luxury Hotels in the US to Reach 1,123 by 2022, Says GlobalData

GlobalData | June 25, 2019

The US will have 1,067 luxury hotels by the end of 2019. This is expected to increase to 1,123 by 2022, at a compound annual growth rate (CAGR) of 1.7%, driven by increasing numbers of Chinese tourists, says GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Destination Market Insights: US’ states that although this growth is not expansive, it showcases the gradually increasing demand from international and domestic source markets for more luxurious offerings within the US. Chinese tourists are a high spending source market and their visitation numbers to the US have been growing rapidly in recent years...

HVS Market Pulse: Perspectives on the New York City Lodging Market 2019 – a Review of the Supply Side

Anne R. Lloyd-Jones | June 24, 2019

By Anne R. Lloyd-Jones Supply growth has been the dominant headline for the New York City lodging market over the past decade. The number of hotel rooms in the city increased from 66,000 in 2007 to 99,000 in 2018, a 50% increase in inventory. Another 15,000 rooms are under construction or proposed; if all of these rooms are built, the city’s inventory will have increased by 75% in a 16-year period. Increases in demand kept pace with supply growth through 2018. However, in the first quarter of 2019, supply outpaced demand for the first time in the current cycle. While there are a number of factors that influenced these results, it is cle...

The Future of Medical Spas Explored

EHL Group | June 24, 2019

CHUR-PASSUGG – On 24 June 2019, EHL Swiss School of Tourism and Hospitality (SSTH) hosted the first Swiss Medical Spa & Hospitality Think Tank. This one-day forum saw leading industry experts, academics and students come together to compile the status quo, reflect on examples of best practice and identify areas of potential for the future when combining new medical and spa trends in the hospitality industry. With self-care and well-being becoming increasingly high-profile topics, the demand for medical services in the hospitality and tourism sectors is growing. According to the Global Wellness Institute, wellness tourism is expected to...

Poor Performers

Robert Mandelbaum | June 18, 2019

By Robert Mandelbaum According to the March 2019 edition of CBRE’s Hotel Horizons® forecast report, the 2019 average annual occupancy level for U.S. hotels is projected to be 66.2 percent. This will mark the sixth consecutive year of occupancy levels above the 62.5 percent long-run average, and fifth year above the pre-2014 historical high of 64.8 percent. Despite such healthy market conditions, not all hotels are enjoying lofty levels of performance. According to STR, 35.7 percent of the hotels in their U.S. national sample achieved an occupancy level less than 60 percent during 2018. If you have attended any hotel investment co...

HospitalityNet and HFTP to Conduct Landmark Industry Survey at HITEC Minneapolis

Puzzle Partner | June 17, 2019

HospitalityNet™ and HFTP have announced that they will be launching the first edition of the hospitality industry’s first comprehensive Sentiment Survey at HITEC 2019 in Minneapolis. Event attendees and exhibitors will be invited to participate by members of a dedicated onsite team or contacted directly via email. This Sentiment Survey, sponsored by Shiji, aims to build the most comprehensive picture of pertinent trends impacting the hospitality technology industry. The survey, once compiled and analyzed, will decipher what hotel companies, technology providers, and educational institutions consider to be the most critical based upon c...

Europe’s Hotel Construction Pipeline Is Accelerating and Hitting All-Time Highs Amidst Concerns of an Economic Slowdown Ahead

Lodging Econometrics (LE) | June 10, 2019

June 10, 2019 – PORTSMOUTH, NH -- Analysts at Lodging Econometrics (LE) report that Europe’s hotel construction pipeline continues its robust up-swing in 2019 with 1,670 projects/254,600 rooms, a remarkable 22% increase in projects and 19% increase in rooms year-over-year (YOY). There has been an optimistic, upward trend in the European service and construction sectors, which is off-setting the weak outlook for exports and the on-going short-falls in manufacturing. New construction is being positively impacted by accommodative lending policies. Unemployment is at a 19-year low, yet an economic slowdown is still predicted for 2019. T...

The London West Hollywood at Beverly Hills Appoints Greg Velasquez as Director of Sales and Marketing

The London West Hollywood | June 3, 2019

West Hollywood, CA (June 3, 2019) – The London West Hollywood at Beverly Hills is pleased to announce the appointment of Greg Velasquez as Director of Sales and Marketing of the iconic Los Angeles hotel in the heart of West Hollywood. Velasquez joins The London West Hollywood as a seasoned hospitality professional with nearly twenty-five years in the industry across several luxury brands. As Director of Sales and Marketing, Velasquez brings invaluable leadership and a strong history of proven results to his new role. "We are delighted to welcome Greg to The London family," said Jeff Kulek, General Manager. "His hospitality experie...

The Ritz-Carlton New York, Central Park Welcomes Dominik Trimborn as Director of Sales & Marketing

The Ritz-Carlton New York, Central Park | May 31, 2019

NEW YORK, N.Y. – May 31, 2019 – The Ritz-Carlton New York, Central Park is delighted to announce the appointment of Dominik Trimborn as director of sales & marketing. Joining the hotel from St. Regis Bal Harbour and W Miami, Trimborn is poised to lead the sales and marketing efforts of this newly redesigned hotel. A dynamic sales & marketing professional, Trimborn is a seasoned expert with a global mindset and luxury focus. Throughout his career spanning several countries, he has held positions at both corporate and at the property level including global account executive – leisure sales and director of leisure sales at Starw...

Arlo Hotels Appoints Karan Kakar as General Manager of Nautilus by Arlo

Nautilus by Arlo | May 31, 2019

MIAMI (May 31, 2019) – Arlo Hotels, an independent four-star lifestyle hotel brand, today announced the appointment of Karan Kakar as the general manager of Nautilus by Arlo, the brand's first expansion outside New York City. Kakar will be playing an integral role in re-imagining the historic South Beach hotel, bringing Miami's global urban perspective to the beach. Kakar is a multifaceted hotelier who comes to Nautilus by Arlo with over 15 years of experience in managing diverse hotels including luxury, mid-large convention hotels, and resorts. In his past roles, Kakar has specialized in leading hotel renovations and brand conver...

Marriott Irvine Spectrum Appoints Leonel De Leon as Executive Chef

| May 31, 2019

IRVINE, Calif. (May 31, 2019) –– Marriott Irvine Spectrum is pleased to announce the appointment of Leonel De Leon as Executive Chef. De Leon brings over 16 years of culinary experience to Marriott Irvine Spectrum, where he oversees all food and beverage for the 271-room hotel, curating menus of inventive, responsibly sourced California cuisine. The hotel's indoor-outdoor design sets the stage for De Leon's casually sophisticated menu inspired by the Orange County lifestyle. At the signature restaurant, Heirloom Farmhouse Kitchen, the stone fired oven is central to its harvest-to-hearth cuisine with innovative seasonal dishe...

The Brown Palace Hotel & Spa Names Justin Budyak as Complex Director of Sales & Marketing

| May 31, 2019

DENVER – May 31, 2019 – The Brown Palace Hotel & Spa, a legend among Downtown Denver hotels since 1892, proudly welcomes Justin Budyak as Complex Director of Sales & Marketing of the iconic landmark and the adjacent Holiday Inn Express Denver Downtown, part of The Brown Palace hotel complex. In this role, Budyak will be responsible for generating maximum revenue through developing and executing marketing strategies that will drive sales for this multidimensional hotel. "The team is thrilled to welcome Justin aboard. We are confident that he will significantly contribute to the escalating growth of The Brown Palace hotel complex...

White Lodging Appoints David Meisner as General Manager for New Austin Marriott Downtown

White Lodging | May 30, 2019

AUSTIN, TEXAS (May 31, 2019) – White Lodging is excited to introduce David Meisner as the general manager for the Austin Marriott Downtown, which is slated to open its doors in summer 2020. David is currently the general manager of White Lodging's Aloft and Element hotels in downtown Austin and will begin his new role in August 2019. "During his time at Austin's Aloft and Element hotels, Meisner created a new model for the successful opening and operation of a dual hotel and restaurant operation," said Tim Sullivan, regional vice president at White Lodging. "Under his leadership, the hotels continue to set new performance milestones. We'...

The Willard InterContinental Washington, D.C. Appoints IHG Alumnus Ernie Arias as Director of Sales and Marketing

| May 30, 2019

Washington, D.C. – May 30, 2019 – The Willard InterContinental Hotel announced today that Ernie Arias will be the historic hotel's new Director of Sales and Marketing. Having begun his career with The InterContinental Hotels Group in 1998 as the Director of Sales and Marketing of The Crowne Plaza Houston-Brookhollow, Arias returns to IHG with more than 20 years of related global hospitality experience. In his new role, Arias will oversee the sales, marketing and public relations strategies to help increase the hotel's luxury brand positioning, amplify international sales and grow the domestic and foreign business. "...

Gregg Harper Joins The Woodlands® Resort as General Manager

The Woodlands Resort | May 30, 2019

The Woodlands, TX (May 30, 2019) – The Woodlands® Resort is pleased to announce the appointment of Gregg Harper as General Manager. With more than 20 years of previous industry experience, Harper is eager to continue to elevate Texan retreat as an idyllic destination for friends, families, weddings, and corporate meetings and events. In his newly appointed role, Harper will provide overall vision of The Woodlands Resort and oversee sales and marketing initiatives, day-to-day management of rooms, food and beverage, operations, engineering, all while ensuring a memorable experience for guests. Harper assumed his current position...

Pyramid Hotel Group Appoints Warren Fields as CEO

Pyramid Hotel Group | May 30, 2019

BOSTON, MA (May 30, 2019) – Pyramid Hotel Group Principal and Co-Founder Richard M. Kelleher announced today he will transition his day-to-day responsibilities as CEO to fellow Co-Founding partner and Chief Investment Officer Warren Q. Fields, effective June 1, 2019. Kelleher will become Chairman of the Board. Additionally, Principal and Chief Operating Officer Jim Dina will move to Pyramid Hotel Group's Board of Directors. Kelleher and Dina will remain closely involved with the business. Incoming CEO Fields is one of Pyramid's founding partners, and has been Chief Investment Officer since 1999, having overseen the growth of the c...

The Beverly Hilton Appoints Simon Moulden as Executive Chef

The Beverly Hilton | May 30, 2019

BEVERLY HILLS, Calif. – May 30, 2019 – The Beverly Hilton is pleased to announce the appointment of Chef Simon Moulden as Executive Chef of CIRCA 55. Drawing upon three decades of culinary experience earned at luxury hotels and restaurants worldwide, Moulden will oversee the culinary development, menus and operations for the hotel's signature restaurant, CIRCA 55. "We are thrilled to welcome Chef Moulden to The Beverly Hilton family," said General Manager, Sandy Murphy. "Chef Moulden is incredibly talented, and we look forward to seeing how infuses his global perspective into fresh culinary creations." Moulden comes to The B...

L’Auberge Del Mar Appoints Robert Gregson as New General Manager

May 30, 2019

DEL MAR, Calif. – L'Auberge Del Mar, managed by Noble House Hotels & Resorts, has named Robert Gregson – a 25-year hotel industry veteran most recently with The Sydell Group – its new general manager. In his new role, Gregson will be responsible for the day-to-day operations for the 121-room oceanfront property. "We're pleased to have Bob join our talented team," says Robert Harter, director of sales and marketing for the resort. "We're looking forward to his leadership and vision, and are confident his extensive expertise will be invaluable as we continue to provide our guests with the best service and luxurious e...

Kimpton Aertson Hotel Appoints Lindsey Sullivan as New Director of Sales & Marketing

Kimpton Aertson Hotel | May 30, 2019

NASHVILLE, TN (May 30, 2019) – Kimpton Aertson Hotel, a boutique hotel in Nashville's Midtown neighborhood, is proud to announce Lindsey Sullivan as director of sales and marketing. In her new role, Sullivan is responsible for the daily sales efforts, development of customer experiences and brand communication for the Nashville hotel. An enthusiastic hospitality veteran, Sullivan brings a background in tourism management and nearly 13 years of experience in hotel sales with Hutton Hotel in Nashville, Fontanel Nashville, Millennium Maxwell House Hotel in Nashville and Crowne Plaza Hotel in Springfield, IL. Prior to joining Kimpton Aert...

Knowland Appoints Robert Post as CEO

Knowland | May 29, 2019

ARLINGTON, Va., May 29, 2019 -- Knowland, a hospitality industry leader in meetings market data and analytics for hotels, convention and visitor bureaus (CVBs), convention centers and other meeting venues, is pleased to announce that our Executive Chairman, Robert (Bob) Post is joining Knowland as CEO, effective immediately, replacing Tim Hart, who, for personal reasons, is transitioning to an advisor role. This transition is a clear reflection of both the company's strong current position as well as its future prospects building on another year of growth and successful customer acquisition. "We're excited what Bob's un...

Ed Hoganson Returns to Crestline Hotels as Executive Vice President, Chief Financial Officer & Chief Investment Officer

Crestline Hotels & Resorts, LLC | May 29, 2019

FAIRFAX, VA – May 29, 2019 -- James Carroll, President & CEO of Crestline Hotels & Resorts, LLC, announces the appointment of Edward Hoganson as Executive Vice President, Chief Financial Officer & Chief Investment Officer for the Company. Ed rejoins Crestline from Hospitality Investors Trust, Inc. (HIT) where he served as Chief Financial Officer and Treasurer. "Ed was an integral part of Crestline's growth and success from its early days through 2014, when he accepted the position with HIT," said Carroll. "We are excited to welcome Ed back at this very pivotal time in our growth. Ed will lead our team as we embark on an aggre...

Dream Hotel Group Appoints Jeff Lee to Vice President, Food and Beverage

Dream Hotel Group | May 29, 2019

NEW YORK, NY (May 29, 2019) – Renowned hotel brand and management company, Dream Hotel Group is pleased to announce the promotion of Jeff Lee to Vice President, Food & Beverage. As Vice President, Jeff joins the group's other Vice Presidents of Food & Beverage with co-responsibility for the overall direction of food and beverage programming for the company and its brands: Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels. "Jeff has consistently delivered operational success and raised the bar to the highest standard for Dream Hotel Group in the past two years," said Dream Hotel Group CEO Jay Stein. "He is a valu...

BENCHMARK®, a global hospitality company, Names Mitch Garrett Vice President of Business Development

May 29, 2019

The Woodlands (Houston), Texas, May 2019 … BENCHMARK®, a global hospitality company, has appointed Mitch Garrett vice president of business development. Jarrad Evans, senior vice president, business development & strategy, made the announcement. "It is such a pleasure to welcome Mitch to our company," said Mr. Evans. "An exceptionally accomplished professional, Mitch comes to us with a broad background in hospitality and finance. He is the perfect professional to help expand Benchmark's remarkable growth trajectory domestically and internationally." Mitch Garrett brings a decade and a half of experience in capital markets...

Hotel Equities Promotes Drew Salapka to SVP of Operations and Cesar Wurm to SVP of Sales & Revenue Generation

Hotel Equities | May 28, 2019

ATLANTA, GA - May 28, 2019 – Today, hotel owner, operator and development firm, Hotel Equities (HE), announced they recently promoted Drew Salapka to senior vice president of operations and Cesar Wurm to senior vice president of sales and revenue generation. In his new role, Drew will lead the firm's growing portfolio of owned/managed hotels. Cesar will lead HE's companywide strategic sales and revenue generation efforts. Both Drew and Cesar will work closely with HE's executive team to drive performance and accountability. Both leaders report to Bryan DeCort, Hotel Equities' EVP. The announcement signifies the company's continued commitmen...

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