Disney Vacation Club Celebrates the Grand Opening of The Villas at Disneyland Hotel
Disneyland Resort | October 2, 2023
ANAHEIM, Calif., Oct. 2, 2023 -- Inspired by the creative magic of Walt Disney Animation Studios, The Villas at Disneyland Hotel are now open. The all-new tower features 344 thoughtfully themed guest rooms designed to immerse guests in the worlds of classic Disney stories while offering modern, just-like-home amenities only steps away from the Disneyland Resort theme parks. "The Villas at Disneyland Hotel celebrates the remarkable legacy of Walt Disney Animation Studios' storytelling and the creative process these talented artists go through to bring Disney characters to life from sketch to screen," said Bill Diercksen, senior vice presid...
Alojica Completes Acquisition of Marriott Puerto Vallarta Resort & Spa
Alojica | October 2, 2023
MEXICO CITY, Oct. 2, 2023 -- Black Creek Mexico ("BCM") is pleased to announce that affiliates of Alojica, a BCM sponsored investment platform, have completed the acquisition of the Marriott Puerto Vallarta Resort & Spa, from an affiliate of Marriott International, Inc. The 433-room beachfront resort, located in Puerto Vallarta, Jalisco, Mexico, is managed by an affiliate of Marriott International under a long-term Marriott Hotels & Resorts agreement. Alojica plans for the property to undergo a transformational capital improvement plan to convert the property into All-Inclusive by Marriott Bonvoy. Planned improvements include a compr...
Hospitality Asset Managers Association (HAMA) Releases Fall 2023 Conference Industry Outlook Survey Results
HAMA | October 2, 2023
NEW ORLEANS, October 2, 2023—The Hospitality Asset Managers Association (“HAMA”) today announced the results of its Fall 2023 Industry Outlook Survey. The semi-annual report updated the opinions, experiences and predictions of nearly 80 hotel asset managers from the earlier spring conference survey with a focus on budgetary predictions and potential causes of industry concern. Conducted in conjunction with HAMA'S 2023 Annual Fall Meeting that was held in New Orleans, the results were presented to media live with a concluding Q&A session via online conferencing. In total, 77 asset managers, comprising app...
REPORT: Hotel Boards Are Becoming Increasingly Diverse
ahla foundation | October 2, 2023
WASHINGTON, DC (October 2, 2023) – The percentage of hotel industry board seats held by Black members and women members, respectively, is going up. That's according to recent research commissioned by AHLA Foundation and conducted by Penn State’s School of Hospitality Management. The increase exceeds the 2022 average in both categories for firms in the Russell 3000 Index, signaling progress in the effort to diversify corporate boards. The report highlights multiple gains for the industry. The 2022 data set analyzed 230 board members at 28 companies between 2016-2022. Key findings include: · Women occupied 31.3%...
How Hoteliers Are Using AI for Revenue Management
Dr Cindy Heo | October 2, 2023
By Dr. Cindy Heo Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance. It's a complex and ever-evolving field for a revenue manager to navigate, with many channels and tools to keep up-to-date with. But it is a key function for any hotel that wants to remain competitive in today's marketplace to get a firm handle on in order to welcome more guests through their doors. Today, Artificial Intelligence is making the job of data analysis...
2023 HVS Lodging Tax Report – USA
Thomas A. Hazinski | October 2, 2023
By Thomas Hazinski, Michael Ferguson Since room sales generate lodging tax revenues, an overview of hotel market trends provides a perspective on the industry's current and future fiscal impacts. While the negative impacts of the COVID-19 pandemic were unprecedented, as documented in our 2022 HVS Lodging Tax Study, nearly all lodging markets have reached or exceeded pre-COVID levels of revenue generation. Revenue per available room (“RevPAR”), the product of average daily room rate and occupancy rate, is a standard industry metric that combines the effects of occupancy and average daily room rate changes on hotel revenue performance. ...
Kimpton Hotels & Restaurants Breaks Ground on New Boutique Hotel in Pacific Grove, California
IHG | October 2, 2023
ATLANTA (Oct. 2, 2023) - Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury & lifestyle portfolio, breaks ground today for a new, boutique hotel in the Northern California coastal community of Pacific Grove, on the storied Monterey Peninsula. Marking the boutique hotel brand’s first property in the market, Kimpton Pacific Grove Hotel will exude elevated, laid-back vibes one can only find on the Central Coast of the Golden State and serve as a premier destination featuring locally inspired restaurant and bar concepts. The property is expected to open in late 2025. Owned and developed by Cypress 16, LLC in c...
OUTRIGGER Kona Resort & Spa Appoints Geoff Pearson as New General Manager
Outrigger | October 2, 2023
OUTRIGGER Hospitality Group is pleased to announce the appointment of Geoff Pearson as the new General Manager of OUTRIGGER Kona Resort & Spa on Hawaii Island. In this role, Pearson will assume the responsibility of overseeing the daily operations and management of the resort. His duties will encompass the integration of cultural elements into exceptional guest experiences, the cultivation of a positive work environment for employees and active engagement with the Kailua-Kona community, all while striving to achieve the resort’s financial objectives. Pearson joined OUTRIGGER earlier this year as the Director of Sales and Market...
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