industry happenings

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industry happenings

NYU Conference Takeaways: Cautious Optimism Turns to Caution

Rodney G. Clough | June 6, 2019

By Rodney Clough The 41st NYU International Hospitality Industry Investment Conference wrapped up on June 4, 2019, and the overall sentiment of the event was one of caution, a shift from a sentiment of cautious optimism at conferences earlier in the year. Most expect the next industry downturn to come soon, perhaps as soon as next year or early 2021. Absent a Black Swan event, the expectation is for a correction rather than a deep downturn. Main takeaways include the following: Caution but Not Panic There is substantial equity and debt available for the hotel sector. The long-term view for the sector is positive and it is seen as less...

IHCL Pledges to Reduce Water Intensity by 5% Within Two Years

The Indian Hotels Company Limited | June 6, 2019

Mumbai, June 6, 2019: Ahead of World Environment Day, The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company has announced an initiative to reduce overall water intensity by 5% within the next two years across all its hotels. EarthCheck, the world's leading scientific benchmarking and certification group will conduct a monthly audit to monitor IHCL's sustainability practices and progress. The company has also launched a Water SMART contest wherein all hotels will participate to initiate a water intensity reduction project for three months and the model of the winning hotel / hotels will be scaled across all h...

Hotel Equities Adds Resort-Style Holiday Inn Canmore to Management Portfolio in Canada

Hotel Equities | June 5, 2019

Atlanta, GA – June 5, 2019 – Today, hotel owner, operator and developer, Hotel Equities (HE), announced their appointment as the management firm for the Holiday Inn Canmore, located at 1 Silvertip Trail in Canmore, AB. The resort-style hotel is situated next to the TransCanada Highway and features stunning views of nearby Three Sister Mountain. The hotel is owned by 3G Equity Inc. of APX Hotels Group. In early 2019, APX Hotels Group established a strategic expansion partnership with Hotel Equities. At that time, HE assumed management of eight branded hotels developed and owned by 3G Equity/APX Hotels. In May, APX acquired Be...

Barry Sternlicht Launches Newest Brand Venture, Treehouse Hotels

Starwood Capital Group | June 5, 2019

NEW YORK, June 5, 2019 -- Hotel visionary Barry Sternlicht, original founder of W Hotels, and Chairman and CEO of Starwood Capital Group, a global private investment firm, has once again worked his magic to re-invent the hotel experience. Sternlicht has already received an abundance of accolades for his nature-inspired 1 Hotel and Baccarat hotel brands, each prominently featured in Conde Nast Traveler's 2018 Readers' Choice Awards. 1 Hotel South Beach, 1 Hotel Brooklyn Bridge, 1 Hotel Central Park and Baccarat New York are all rated among the top 10 hotels in Miami and NYC, respectively, in the short time since their debut. Toda...

Young Hoteliers Summit (YHS) 2019: Envisioning-Defining-Succeeding: Commemorating Milestones

YHS | April 29, 2019

On 27 March 2019, the Anniversary Edition of the Young Hoteliers Summit (YHS) concluded with high spirits as speakers, partners, and delegates alike commemorated the end of yet another successful summit. Through three days of powerful keynote speeches and inspiring panel discussions, the 10th Edition brought forth, among other key topics, the future of hospitality in the increasingly technology-focused world of today, and the need for hospitality to constantly adapt to these changing needs and expectations. Data-analytic trends in the industry were undeniably one of the most important topics of discussion at the summit, as Lyle Worthing...

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