CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16, 2024
Marriott International Celebrates the 2024 J. Willard Marriott Awards of Excellence Honorees
Marriott International | May 16, 2024
Last 30 Days
A Deep Dive Into Japan’s Hotel ADR Growth Trends
CoStar Group | May 14, 2024
Analysis by Kelsey Fenerty Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand. That’s largely reflected in average-daily-rate (ADR) growth, although through much of 2023, the first and third points helped drive double-digit occupancy increases as well. Occupancy growth has trailed off, however, with single-digit increases or declines year over year for the past five months. At the same time, rates have grown mor...
Travel Leaders Share Impact of IPW on International Inbound
U.S. Travel Association | May 14, 2024
Last week, U.S. Travel welcomed 5,700 attendees, including 2,000 international buyers and media from nearly 70 countries—an impressive 20% increase from last year––to IPW in Los Angeles. Each IPW not only cultivates valuable connections and knowledge-sharing but also serves as an economic catalyst, driving over $5.5 billion in future travel to the U.S. by spotlighting the very best of what our country has to offer. There is a decade of opportunity ahead as the United States prepares to welcome millions of new travelers to major events in destinations nationwide, such as Copa America this summer, the FIFA World Cup games and Americ...
Tripadvisor Predicts Busy Summer Travel Season for Americans; An Increasing Desire for Adventure
Tripadvisor, Inc. | May 14, 2024
NEEDHAM, Mass., May 14, 2024 -- Americans and travelers around the world continue to place a high priority on summer vacations, according to the annual Summer Travel Index released today by Tripadvisor, the world's largest travel guidance platform. In fact, 95 percent of respondents are planning to travel as much (51%) or more (44%) than last summer, despite some concern about economic headwinds. Whatsmore, over a quarter (26%) of Americans are planning to spend $5,000 or more on their getaways. Tripadvisor's Summer Travel Index also highlights the top summer destinations for 2024, with Las Vegas claiming the top spot for US domestic ...
Legacy Hotel Cascais, Curio Collection by Hilton, Opens in Coastal Town Close to Lisbon
Hilton | May 14, 2024
Legacy Hotel Cascais, Curio Collection by Hilton, opens in vibrant coastal town a short distance from the Portuguese Capital CASCAIS, Portugal — Hilton (NYSE: HLT) announced the opening of its newest European property, Legacy Hotel Cascais, Curio Collection by Hilton – marking the latest addition to its rapidly growing boutique collection brand. The intimate 59-room hotel perfectly blends modern distinct design with opulent glamour, a nod to the area’s famed past and regal heritage as a much-loved summer retreat of royalty and European nobility, dating back to 1890 with King Louis I. Legacy Hotel Cascais, Curio Collection by H...
Bentley Legacy Holdings and Pendant Capital Acquire The Raphael Hotel, Autograph Collection
Bentley Legacy Holdings | May 14, 2024
Historic Kansas City landmark to undergo guest room refresh and public area enhancements KANSAS CITY, Mo. (May 14, 2024)—Bentley Legacy Holdings (BLH), through its partnership with Pendant Capital, has expanded its portfolio of boutique hotel assets with the acquisition of The Raphael Hotel, Autograph Collection, a distinctive and historic Kansas City landmark blending classic elegance with contemporary sophistication. Bentley Legacy Group (the management arm of BLH) has immediately assumed management of the hotel, with a vision of ensuring its legacy remains during planned updates set to elevate the guest experience. Located just off th...
Patrick Miller Appointed as President and CEO of Rio Hotel & Casino Las Vegas
the Rio Hotel & Casino Las Vegas | May 14, 2024
LAS VEGAS (May 14, 2023) - The Rio Hotel & Casino Las Vegas is pleased to announce Patrick Miller has been appointed President and CEO. Miller has an impressive career spanning 28 years in the gaming and hospitality industry and a proven track record of success leading some of Las Vegas' most popular Strip resorts. Miller's journey to Rio Hotel & Casino has been marked by significant achievements. He held key positions within MGM Resorts International, including Senior Vice President overseeing the Hospitality divisions at MGM Grand, New York-New York, Excalibur, Signature, and the Shadow Creek golf course. His most notable rol...
Omni Hotels & Resorts Appoints Michael Innocentin as Chief Marketing Officer
Omni Hotels & Resorts | May 14, 2024
DALLAS, TX (May 14, 2024) - Omni Hotels & Resorts is pleased to announce the appointment of Michael Innocentin as its Chief Marketing Officer. Innocentin will oversee the planning, development, and execution of all brand marketing initiatives, including advertising, public relations, social media, the website, and digital campaigns. Additionally, he will direct Omni’s customer engagement and Select Guest Loyalty programs. He will report directly to Jeff Doane, Omni’s Chief Commercial Officer. “I'm excited to join Omni because of its commitment to exceptional guest experiences and its diverse portfolio of hotels & resorts," s...
The Ritz-Carlton, San Francisco Appoints Nicholas McDermott as New General Manager
The Ritz-Carlton, San Francisco | May 14, 2024
Nicolas McDermott joins the award-winning hotel to propel the exceptional guest experience and maintain the property’s standard of excellence SAN FRANCISCO, CA [May 14, 2024] – The Ritz-Carlton, San Francisco is delighted to announce the appointment of Nicholas McDermott as its new General Manager, effective May 13, 2024. Nicholas joins The Ritz-Carlton, San Francisco from The St. Regis Houston, where he served as General Manager for the past four years. His remarkable leadership during unprecedented times, notably steering the hotel through pandemic challenges, has earned him recognition throughout the hospitality industry. Under his ...