Luxury Tourism Recovery Quicker Than Budget Tourism in US Due to Increase in High-Net-Worth Individuals
GlobalData | January 24, 2022
The pandemic has transformed many travelers into high-net-worth individuals and made the super-wealthy even wealthier, according to GlobalData. The leading data and analytics company notes that 29% of respondents in one of its live polls state that their budgets are ‘a lot’ or ‘slightly’ higher than pre-pandemic. The luxury leisure market experienced a strong start to recovery as wealthy consumers, now with higher levels of disposable income, began to travel once again in 2021. When looking at the US specifically, GlobalData found that total hotel revenue from leisure travelers for luxury hotels showed the strongest recovery in 202...
Four Seasons to Conclude Management of Four Seasons Resort and Club Dallas at Las Colinas
January 24, 2022
Four Seasons Hotels and Resorts is concluding management of Four Seasons Resort and Club Dallas at Las Colinas as of December 31, 2022 on expiration of the current term of its management agreement. Four Seasons and the property owner are working collaboratively to ensure a smooth transition to new management. It will be business as usual in the meantime and employees will continue to provide the same exceptional service that guests and club members have come to expect. From December 31, 2022 onwards, the Resort and Club will operate under new management as a luxury resort and golf destination. Four Seasons has managed the Four Seas...
Chile Hotels Show Resilience
STR | January 24, 2022
Every country around the world has had to work through significant challenges since the start of the pandemic in 2020. For Chile, challenges were nothing new as protests that began in October 2019 were already affecting hotel performance around the country. The pandemic and those protests are still ongoing late into 2021, but Chile’s hotels are slowly but surely moving toward performance recovery. Recovering a bit differently Most countries are recovering average daily rate (ADR) faster than occupancy. In Chile, the opposite has been true. The country saw a 47.6% occupancy level in September, which was 90% of the comparable ...
AC Hotels by Marriot Charlotte Ballantyne Opens in North Carolina
AC Hotels by Marriott | January 24, 2022
CHARLOTTE, NC - January 24, 2022 - AC Hotels by Marriott® has announced that the AC Hotel Charlotte Ballantyne has opened on January 20, 2022 bringing the brand's forward-thinking design approach to the affluent Ballantyne neighborhood. The property is managed by Concord Hospitality, an award-winning hotel development and management company headquartered in Raleigh, N.C. The property celebrates Concord's 11th property in the state of North Carolina. Situated within Ballantyne Village, guests are only steps away from dining, shopping, parks, and outdoor activities. The AC Hotel by Marriott occupies the first seven floors of th...
STR: U.S. Hotel Results for Week Ending 15 January
STR | January 24, 2022
HENDERSONVILLE, Tennessee — January 24, 2022 — U.S. weekly hotel occupancy worsened in comparison with pre-pandemic levels, according to STR‘s latest data through 15 January. 9-15 January 2022 (percentage change from comparable week in 2019*): Occupancy: 48.8% (-16.3%) Average daily rate (ADR): US$122.12 (-1.6%) Revenue per available room (RevPAR): US$59.57 (-17.6%) On an absolute basis, occupancy was higher than the previous week, but the gap to 2019 levels widened, pointing to a larger impact from the Omicron variant. ADR and RevPAR were up week over week and when indexed to 2019. While none of the ...
AWH Partners Acquires Kimpton Goodland Goleta Hotel Near Santa Barbara, California
AWH Partners, LLC | January 24, 2022
NEW YORK, NY - January 24, 2022 - AWH Partners, LLC ("AWH Partners" or "AWH"), a vertically integrated real estate investment, development, and management firm, today announced that it has acquired the Kimpton Goodland Goleta (the "Goodland" or the "Hotel"), a 158-room hotel near Santa Barbara, California. Parties in the Hotel's capital structure approached AWH for assistance in resolving challenges stemming from COVID-19. AWH executed a transaction that avoided a public process and effectuated a smooth transition for all parties. AWH's wholly-owned hotel management company, Spire Hospitality, is currently transitioning management of the G...
California’s Bernardus Lodge & Spa Appoints Christian Ojeda as Executive Chef
Bernardus Lodge & Spa | January 24, 2022
CARMEL VALLEY, CALIF., 2022 – February 1, 2022, marks the arrival of Christian Ojeda, taking the helm as executive chef of Lucia Restaurant & Bar. Ready to fire up the stoves, Ojeda was selected following an intensive nationwide search for the 73-room lodge’s top toque. Set to deliver on expectation, he joins the Bernardus culinary team from Montage Deer Valley Resort in Park City, Utah, where he held the post of executive chef. Receiving a coveted 12 Forbes stars in 2021, Bernardus Lodge & Spa has long set the standard for luxury lodging along the California coastline. Ojeda’s strong resume and 20+ years in the culinary...
Valor Hospitality Expands UK Management Portfolio With Addition of Courtyard by Marriott Edinburgh
VALOR HOSPITALITY PARTNERS | January 24, 2022
ATLANTA, GA – January 24, 2022 – Valor Hospitality Partners, a global, full-service hotel acquisition, development, management and asset management company, announced today it has been appointed to manage the Courtyard by Marriott Edinburgh hotel, the international hotel management company’s first property in the city. The appointment follows a period of significant growth for Valor, which saw its UK portfolio more than double in 2021, after 17 IHG hotels were placed under its management. Valor also recently strengthened its portfolio further, with the addition of two new luxury properties in development in world renowned golf res...
1
Technology
2
Operations
3
Market Reports
4
Industry Happenings
5
All Things Independent
Today's News
Luxury Tourism Recovery Quicker Than Budget Tourism in US Due to Increase in High-Net-Worth Individuals
Four Seasons to Conclude Management of Four Seasons Resort and Club Dallas at Las Colinas
Chile Hotels Show Resilience
AC Hotels by Marriot Charlotte Ballantyne Opens in North Carolina
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.