Direct Booking Growth Tips for the Back Half of 2024
Adam and Larry Mogelonsky | March 27th, 2024
Galgorm Is First in UK to Benefit From Maestro All-In-One PMS, Right Revenue Integration
Maestro PMS | March 26th, 2024
News Top: March
Regent Santa Monica Beach Appoints Leadership Ahead of Summer Opening
Regent Santa Monica Beach | March 5, 2024
LOS ANGELES, Calif. (March 5, 2024) – Ahead of the anticipated opening of Regent Santa Monica Beach this summer, the resort is pleased to announce the appointment of Houssem Tasco, Claudine Espinoza, and David Houde as the property’s Hotel Manager, Director of Sales and Marketing, and Director of Meetings and Events, respectively. Collectively, the trio brings more than 60 years of hospitality experience to Santa Monica’s newest beachfront resort, which will also be the first destination in the Americas for the reimagined Regent Hotels & Resorts brand. Houssem Tasco, Hotel Manager Tasco, a seasoned veteran with over two decades...
Man-Made Lagoons Gain Popularity
Stephen Szczygiel | March 6, 2024
By Stephen Szczygiel, CHIA INTRODUCTION Man-made swimming lagoons, not to be confused with pools or waterparks, have emerged as a new and innovative way to enjoy recreational water activities. These large (over one acre of water surface) and uniquely designed aquatic venues present new opportunities within the residential, resort, and attractions industries. Over the past several years, H&LA has seen the emergence of swimming lagoons in many facets of leisure development from large-scale resort settings to residential developments. The rise in popularity of these man-made lagoons lies in their ability to create waterfront and bea...
The Ritz-Carlton, Amelia Island Appoints Collin Thornton as Director of Food and Beverage
The Ritz-Carlton, Amelia Island | March 1, 2024
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Hilton Expands Caribbean Portfolio With Signing of Palacio Provincial Hotel in Old San Juan Historic District
Hilton | March 18, 2024
Expected to join the Curio Collection by Hilton portfolio this year, the early 19th century property will represent Hilton’s first hotel in Old San Juan MCLEAN, Va. and San Juan, Puerto Rico - Hilton (NYSE: HLT) today announced the signing of an agreement to welcome Palacio Provincial to Curio Collection by Hilton. Owned by Hostal El Convento and managed by International Hospitality Enterprises (IHE), the esteemed Palacio Provincial Hotel in Old San Juan will join a global portfolio of more than 160 distinct, upper-upscale hotels and resorts under the Curio Collection by Hilton brand and will represent Hilton’s debut in the historic...
Avison Young Closed 12 Hotel Transactions Over Last 90 Days
Avison Young | March 11, 2024
ATLANTA – March 11, 2024 – Avison Young announces today that the firm has closed 12 hotel transactions over the last 90 days. Four of the sales were Hilton-branded hotels, two were Marriott-branded hotels, and an IHG and other brands made up the balance. Geographically the hotels were located in the following states – IN, KY, PA, CO, VA, AR, MA, GA, and TN. Of special note, Thierry Roch and Rick George closed a sale on a boutique hotel in the Cape Cod area for close to 1m per room and Chris Kilcullen closed the sale for the upscale Ascent on Main in Parker, CO. Chris Stark, Brad Sinclair, Mike George, Thierry Roch and Rick George were t...
Marriott International Brings Newly Debuted Marriott Hotels All-Inclusive to The Dominican Republic With New Resort Signing
Marriott International | March 12, 2024
Plantation, Fla. March 12, 2024 – Marriott International in the Caribbean and Latin America announced today the latest addition to its All-Inclusive by Marriott Bonvoy portfolio with the signing of Marriott Miches Beach, An All-Inclusive Resort, currently the Sunrise Miches Beach Resort in Dominican Republic. Set to undergo a conversion process commencing in the second quarter of 2024, the resort is slated to open its doors under the Marriott Hotels brand in the first quarter of 2025. Nestled on a sprawling 62-acre site in the enchanting locale of Miches, within a 60-minute ride distance of the Punta Cana International Airport, the reso...
What to Expect in the Hospitality Industry in 2024
Mark D. Podgainy | March 4, 2024
By Mark D. Podgainy The hospitality industry experienced a modest increase in RevPAR in 2023, and the industry seems to be optimistic about the future. What’s ahead for 2024? Uncertainty is the major theme. What’s Ahead • Interest rates will be higher for longer. Expectations of a number of rapid cuts to the Federal Funds rate early this year have been dashed with the latest inflation data. Most economists still expect reductions in the Federal Funds rate but have pushed back the time frame for the first reduction to late spring and have reduced their forecasts for the number of reductions. If inflation remains stubbornly high,...
First Hospitality Celebrates Strength of Its Talent and Culture; Robust Growth Drives New Sales and Performance Accolades
First Hospitality | March 11, 2024
CHICAGO (March 11, 2024) – Following a record portfolio growth year of nearly 40%, First Hospitality, a national hotel operating and development company, kicks off 2024 by celebrating its 3,500 associates at the company’s annual First Honors Awards Gala that took place in February in Toledo, OH. The First Honors Gala honored over 35 hotel properties across First Hospitality’s diverse portfolio of more than 70 independent and branded properties. There were 36 categories ranging from “Hotels Ranked #1 on STR” to “Top Guest Services Scores.” The Drake Oak Brook was named Hotel of the Year for being the highest-performing hotel ...
Noble House Hotels & Resorts Acquires Chatham Inn Relais & Châteaux
Noble House Hotels & Resorts | March 4, 2024
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Hilton to Acquire Graduate Hotels Brand for $210 Million
Graduate Hotels | March 14, 2024
Pairing Loyal Graduate Fanbase with Size and Scale of Hilton Will Create New Opportunities for Owners and Guests in Some of the World’s Greatest College Towns MCLEAN, Va. and NASHVILLE, Tenn., March 14, 2024 – Hilton (NYSE: HLT) today announced an agreement with Adventurous Journeys Capital Partners (“AJ Capital”) to acquire the fan-favorite Graduate Hotels® brand, adding a significant growth opportunity for the global hospitality leader in the fast-growing lifestyle hotel market. Hilton will pay $210 million to acquire all rights to the Graduate brand worldwide, enter into franchise agreements for all existing and signed pipel...
Hotel Revenue Growth Spearheads Cendyn’s Repositioning
Cendyn | March 7, 2024
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The Growth of Hotel Leisure and Entertainment With Ronn Niccoli, CMO of Resorts World Las Vegas
Adam and Larry Mogelonsky | March 20, 2024
By Adam and Larry Mogelonsky What can other hotels around the world learn from the thousand-plus-room resorts along the Las Vegas Strip? As an entertainment mecca, these gargantuan hotels reveal the growth of L&E alongside other non-room revenue verticals like F&B and spa. Perhaps no other resort on The Strip epitomizes the need for strong L&E programming than Resorts World Las Vegas (RWLV). Launched during the pandemic, this 3,506-key property has had the uphill battle of competing against established players amidst ongoing travel uncertainties as well as cultivating the best possible lineup of talent, nightlife, and F&...
The Benefits of a Small Hotel Management Company
Kasia Russell | March 13, 2024
By Kasia M. Russell The last few years have been fraught with mergers and acquisitions in the hotel management space. Companies have grown larger and less personalized, more streamlined, increasingly technologically advanced, and geographically agnostic. The benefits of a large management company may seem obvious: efficiency and economies of scale, technology and innovation, specialized knowledge and resources, and distribution channel advantages, among others. However, when choosing a management company for your hotel, I encourage you to look beyond the seemingly obvious and evaluate whether a more personalized and strategic approach is a...
Bradford Allen Acquires 100-Key Aloft Glendale at Westgate in Glendale, Arizona
Bradford Allen | March 15, 2024
With Aloft Glendale at Westgate, firm expands national hospitality platform to 800 keys across six assets CHICAGO / GLENDALE, Ariz. (March 15, 2024) — Bradford Allen, a national full-service real estate firm, today announced its investment arm has acquired Aloft Glendale at Westgate, a 100-key hotel in Glendale, Ariz. Located at 6920 N. 93rd Ave., the hotel marks the firm’s second acquisition in the Westgate Entertainment District, joining nearby TownePlace Suites Glendale, an extended-stay hotel purchased in late 2022. “With the Phoenix metro continuing its growth trajectory and Glendale – which has hosted multiple Super Bowls...
American Express Reveals 2024 Top Travel Trends
American Express | March 12, 2024
New York – March 12, 2024: American Express Travel® released its 2024 Global Travel Trends Report1 today, highlighting the inspiration and trends driving global travel bookings this year. The report, based on survey data from travelers in the United States, Australia, Canada, India, Japan, Mexico, and the United Kingdom, found that 84% of respondents plan to spend more or the same amount of money on travel in 2024 compared to last year. Additionally, 77% of respondents care more about having the right travel experience than about the cost of the trip. The four trends driving booking decisions are: For the Love of the Game: ...
Moss Awarded Construction of Nora Hotel in the Nora District of West Palm Beach, Florida
Moss | March 15, 2024
WEST PALM BEACH, Fla.--Moss has been selected to build a luxury 201-room boutique hotel in downtown West Palm Beach. The hotel is the first vertical development in the thoughtfully master planned Nora District being developed by New York-based BD Hotels, NDT Development, Place Projects, and Wheelock Street Capital. The 5-story, 203,214-square-foot hotel will be located on North Railroad Avenue, anchoring 150,000 SF of highly curated commercial, restaurant, retail, office and wellness spaces that blend a walkable streetscape with a dynamic public realm. Amenities within the hotel include a rooftop pool deck complete with a restaurant, ...
California’s Omni La Costa Resort & Spa Begins Extensive Property Renovation
Omni La Costa Resort & Spa | March 14, 2024
Iconic Spa Returns to Glory with Uncovered Design Details; Guest Rooms and Meeting Spaces Receive Timeless Refresh Reminiscent of Southern California Elegance Carlsbad, CA (March 14, 2024) – The iconic Omni La Costa Resort & Spa, California’s preeminent spa resort and destination, will soon unveil sweeping renovations designed to encapsulate the heart of the La Costa Lifestyle. Inspired by classic Spanish-style architecture, this highly anticipated redesign will transform the resort’s 400 unspoiled acres into a pinnacle of luxury and fresh, quiet elegance. “For decades, Omni La Costa has been a world-class destination for sa...
Hunter Conference 2024 Takeaways
Josh Williams | March 25, 2024
By Josh Williams, Courtney Vris, Eric Guerrero The Atlanta Marriott Marquis was bustling this week with another successful Hunter Hotel Investment Conference. Kudos to the Hunter and Marriott teams for executing an extraordinary event! Some key takeaways from the HVS brokerage and consulting staff members who attended the conference are summarized as follows: There is still a material gap on bid/ask in brokered deals, but buyers are nevertheless active and looking increasingly toward deals outside of the top 25 MSAs, which may produce better yields. Fewer listings in general were launched at Hunter than at ALIS. Several buyers men...
US Solar Eclipse Hotel Occupancy Increases by Another 10 Percent
Amadeus | March 21, 2024
Amadeus Demand360+ data shows demand is still on the rise On April 8th, there will be a total solar eclipse that traverses North America. Being able to witness this from land is incredibly rare, with astronomers at NASA saying that it could be as long as 375 years before a similar event occurs in this North American pathway. Over the past few months, Amadeus has been tracking the impact of the eclipse on hotel booking patterns across America using forward-looking business intelligence data from Demand360+®. The highlights from the latest data drawn on February 29, 2024, are as follows: Average hotel occupancy across the 9 markets of...
The Sea Ranch Lodge Welcomes Stephen Beaumier as Executive Chef
The Sea Ranch Lodge | March 19, 2024
SEA RANCH, Calif. (March 19, 2024) – The Sea Ranch Lodge is excited to announce the appointment of Stephen Beaumier as Executive Chef. With over 20 years of experience in the culinary industry including several Michelin-rated restaurants, Chef Beaumier brings a rich tapestry of expertise, innovation, and passion to The Lodge’s Dining Room, Café, and Bar & Lounge. “We are delighted to welcome Stephen to The Sea Ranch Lodge team. His extensive experience, combined with his commitment to sustainability and community connection aligns perfectly with our ethos of living lightly on the land and goal of providing guests with memorab...
A Healthy Revenue Mix From Guests and Locals With a Mexico City Case Study
Adam and Larry Mogelonsky | March 13, 2024
By Adam and Larry Mogelonsky Hotel properties all over the world are embracing the concept of ‘stewardship’ – that is, acting as a pillar of support for sustaining and invigorating the neighboring community, culture and environment. In addition to supplying jobs and supporting charitable causes, a commendable way to go about this is to introduce amenities and programming that allow for locals to participate and mingle with incoming travelers. What we contend is that when a hotel fosters this strong sense of community, the results are nothing short of magical, and this is reflected through a positive impact on guest satisfaction, d...
The Singer Oceanfront Resort to Debut This Spring After Multimillion-Dollar Renovation
The Singer Oceanfront Resort | March 15, 2024
Resort transformation includes two new culinary concepts, elevated redesign of all guestrooms and public spaces, and engaging new beachfront experiences SINGER ISLAND, FLA. (March 15, 2024) – A reimagined beach escape, The Singer Oceanfront Resort – located on a pristine, four-mile stretch of Singer Island, Florida’s hidden gem between Palm Beach and Jupiter and the eastern-most point in the state – will debut this spring following a transformative, multi-million-dollar renovation and rebrand. Just steps away from turquoise blue ocean on one side and the calm waters of the Intracoastal on the other, The Singer offers an unmatched r...
You Can’t Do What You’ve Always Done (Anymore)
Shep Hyken | March 21, 2024
By Shep Hyken Recently, I read a RetailWire article about Macy’s shutting down 150 of its 500 stores. For those in other parts of the world, Macy’s is a department store chain, and its stores often anchor large shopping malls. However, while that describes more than 25% of its stores, it represents less than 10% of sales. Some might say Macy’s is “trimming the fat” or “getting rid of the dogs.” From a financial perspective, that may be true. But it’s more than that. What they are doing is what any good business would do, and that’s changing to keep up with customers’ ever-changing habits and expectations. As Macy...
Pebblebrook Hotel Trust Announces the 12th Annual Pebby Award Winners
Pebblebrook Hotel Trust | March 12, 2024
Celebrating the Year’s Best Hotels HOLLYWOOD, Calif.--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) today announced the winners of its Twelfth Annual Pebby Awards. The Pebby Award winners were chosen for their outstanding accomplishments in 2023, as determined by Pebblebrook’s selection committee. “As we celebrate our twelfth year of the Pebby Awards, we’ve witnessed an unprecedented level of competition and excellence,” said Jon E. Bortz, Chairman and Chief Executive Officer of Pebblebrook Hotel Trust. “Our hotel teams have consistently exemplified exceptional performance and leadership, and it�...
Hospitality Upgrade Announces 2024 Executive Vendor Summit Annual CIO Panel and New Investment Panel
the Executive Vendor Summit | March 7, 2024
Event Will be Held March 26-28 in Denver; Registration Open ATLANTA, March 6, 2024 – Hospitality Upgrade Magazine has announced that registration is open for its 19th Annual Executive Vendor Summit (EVS) and will be held at the Curtis Hotel in Denver, Colo., on March 26-28, 2024. The Executive Vendor Summit is a unique invitation-only industry event that brings together senior technology executives from the hospitality industry for learning, thought leadership and networking. The 2024 agenda will include many popular sessions of previous events, including the CIO panel. This year’s CIO panelists include Andrew Arthurs of Aimbridge ...
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