News Archive: January 2019
Fixing Las Vegas’ Millennial Problem
Tucker Johnson | January 14, 2019
By Tucker Johnson Last month I was an invited instructor for the Casino Resort Management course within the University of Houston's Conrad N. Hilton College of Hotel and Restaurant Management. This was one of many experiential courses offered by the college and gave me the opportunity to visit Las Vegas for five days, getting a behind-the-scenes look at high-roller suites, gaming floors, and high-tech security systems. While each casino resort had a different feel, and our hosts gave different insights, one problem was mentioned consistently across the properties: Millennials were not gaming at high levels and, although the casinos were...
Vietnam Hospitality Market: 2018 Overview and 2019 Outlook
Savills Vietnam | January 23, 2019
OVERVIEW 2018 2018 has been an excellent year for Vietnam Real Estate market with positive signs coming from all sectors, among which hospitality stands out as one of the main sectors drawing enormous attention from international and local developers and investors. The market has exhibited many projects that are being planned, developed, and opened with the presence of new brands and products. Demand also experienced a remarkable growth of 21% in international tourist arrivals (within 11 months of 2018 compared to the same period in 2017), which is slightly lower than that of last year but still considered impressive when compared to ot...
Hotel Cap Rates Hold Steady - Values Under Pressure
Suzanne R. Mellen | January 17, 2019
By Suzanne R. Mellen Following a year of robust transaction activity, hotel capitalization rates remain stable, while hotel NOI and values are under pressure due to slowing RevPAR growth and increasing operating expenses. This article looks at hotel sales and capitalization rate trends, the impact of slowing RevPAR growth on hotel values, and the outlook for 2019. [1] With a more business-friendly administration in place and the passage of the Tax Cut and Job Act (TCJA) in December 2017, the outlook for the economy and hotel performance became brighter in 2018. Hotels generate higher returns than other commercial real estate and reflect...
2019 Travel and Hospitality Industry Outlook
Deloitte Center for Industry Insights | January 31, 2019
Key trends powering growth in a technology-driven industry A strong economy, rising global consumer purchasing power, and digital innovation have all fueled record growth in the travel and hospitality industry. But there are still several challenges that could throw the industry off course in 2019. What are the biggest trends likely to shape hospitality, airlines, cruises, and ground transportation in the year ahead? Key US travel and hospitality industry trends for 2019 2019 marks a decade since the US travel industry emerged from the depths of economic recession. And what a decade it's been. Over the past 10 years, the surge of recove...
2019 Hotel Trends: The Power of Personalization and Building Personal Connections
Benoit Jolin | January 23, 2019
By Benoit Jolin January 2019 What happened to brand loyalty? Today's consumers have been trained to research products and prices, read reviews and make educated and discerning purchase decisions. To reach and engage customers in 2019, and to appeal to their personal needs, companies need to deeply understand what today's consumers value most. This is especially true in travel – because experiences have taken priority over possessions as a path to happiness and fulfillment. Personalization has become the "new thing" to drive traveler satisfaction, and machine learning (ML) is the powerful and positive disruptor in the hospitality i...
2019 Top 10 Hospitality Trends
Philippe Masset | January 7, 2019
By Philippe Masset and Jean-Philippe Weisskopf The hospitality industry has been undergoing tremendous changes and disruptions over the last two decades.What key trends have been steadily reshaping the industry and where is hospitality heading in the near future? A study conducted among EHL faculty in the fall of 2018 provides insights on past and new challenges (as well as opportunities) hospitality players need to take into consideration. The TEN trends that have reshaped (and are still reshaping) the industry: #1 - Virtual communities Social networks and in particular TripAdvisor have had a profound impact on customers. This has led ...
What Are the Top Hotel Designs for 2019?
Cicero's Development Corporation | January 4, 2019
PLAINFIELD, IL, JANUARY 4, 2019 -- New Year is the perfect time to check-in on hotel design trends. While some of these trends may only create ripples, others will set off tidal waves. Taken as a whole, these trends underscore that hotel design is no longer the simple task of creating a nice place to stay; it is a science of fashioning a truly distinctive guest experience that flows seamlessly from check-in to sleeping, to working, to dining, to entertainment. According to Cicero's Development, one of the country's leading renovation contractors for the hospitatlity industry, here are six hotel trends emerging on the scene that ...
Atlantic Beach Hospitality Completes Conversion of Former Cambria Hotel to Wyndham Newport Hotel in Rhode Island
Atlantic Beach Hospitality | January 9, 2019
NEWPORT, RI (Jan. 9, 2019) – Atlantic Beach Hospitality – a family-owned management company boasting 40+ years of industry experience in the local Rhode Island community – announces today the Wyndham Newport Hotel, converting the 143-room property in Middletown from the Cambria brand, elevating the property service and standards to new heights. The new Wyndham Newport Hotel offers ideal proximity to attractions, dining and shopping of downtown Newport, while boasting spacious guestrooms and suites, 28,000 square feet of meeting and event space, and the Newport icon Johnny's Restaurant & Patio Bar. "Opened in June 2...
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