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Empowering the Next Generation: Insights from The Savoy Hotel
On the evening of Thursday, 25th April, The Savoy Hotel, London, welcomed a gathering of young talents and leaders in the hotel, event, and travel industry. The first of many events in London hosted by the HSMAI Europe Rising Leader Council team aimed to facilitate professional and social gatherings for the exchange of experiences and networking among young talents and leaders aged 35 and under.
Prime Group Opens a Residence Inn by Marriott in Downtown Chicago
Prime Group, a multi-faceted real estate owner and operator based in Hollywood, Florida, today announced the opening of the 289-suite Residence Inn by Marriott Chicago Downtown Magnificent Mile. Located at 101 East Erie Street, the all-suite property is owned by Prime Groupand managed by Marriott International, Inc. General Manager Tommie Van and Director of Sales Sam Barnett lead the management team at the property.
Selina Announces Expedited Funding under Subscription Agreement and Other Financing Updates
Selina Hospitality PLC ("Selina" or the “Company”; NASDAQ: SLNA), a global lifestyle and hospitality company catering to millennial and Gen Z travelers, is pleased to provide updates regarding recent fundraising and liability restructuring transactions.
Hotel Construction Pipeline in Canada Reaches New Highs in Q1 2024
The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) reveals, at Q1 2024, there are 314 projects/39,628 rooms in the total pipeline. This new record-high in project counts represents an impressive 11% increase in project counts and a 5% increase in room numbers year-over-year (YOY).
Hotels Benefit as Travelers Plan Further Ahead, Says Cloudbeds
Hospitality management platform Cloudbeds has found travellers were booking accommodation further in advance in 2023 across all regions, except in North America. The findings, revealed in Cloudbeds’ 2024 ‘State of Independent Lodging Report’, indicate that the average booking window – i.e. the number of days prior to arrival when travellers reserve a room – increased relative to the previous three years in Europe, LATAM and the Asia-Pacific region.
Docyt and x·quic Partner to Deliver Bundled Financial Services Solution for Hotel Owners and Franchisees
Docyt, the frontrunner in AI-driven accounting automation technology, is partnering with x·quic™ on a bundled services offering that empowers hotel owners and franchisees to seamlessly integrate Docyt’s real-time bookkeeping capabilities with x·quic OTA Savings. The combined solution uses AI-driven workflows to streamline financial management and maximize hotel profitability, from single locations to expansive franchise operations.
2024 ISHC Young Leader Award presented to Briana Swift at IHIF
The International Society of Hospitality Consultants (ISHC) in partnership with the International Hospitality Investment Forum (IHIF) presented the prestigious ISHC Young Leader Award to Briana Swift, Regional Vice President of Development - Northern Europe, Hyatt.
Business Travel Professionals Show Optimism, Commitment in Their Career Outlook for 2024, According to Latest GBTA Poll
As the business travel industry continues to show strong indicators toward reaching a spending forecast of $1.5 trillion USD in 2024, the latest sentiment poll released today from the Global Business Travel Association (GBTA) reveals an industry workforce of experienced, engaged professionals who are leading the way.
Equinox Hotels Revolutionizes Sleep Tourism with Inaugural Global Sleep Symposium
Equinox Hotels, renowned for its pioneering approach to high-performance luxury hospitality and sleep-focused innovation, announces the launch of its inaugural Global Sleep Symposium at Equinox Hotel New York on June 19th and 20th. This visionary two-day overnight event is set to redefine the landscape of sleep tourism by uniting global experts in sleep health and performance with Equinox Hotel's dynamic programming centered on movement, nutrition, regeneration, and community. Expect vibrant discussions and invaluable insights as industry leaders converge to delve into the singularly transformative topic: Sleep.
Jamaica Bay Inn Unveils Newly Renovated Guest Rooms In Marina Del Rey
Pacifica Hotels, the owner and operator of Jamaica Bay Inn, Tapestry Collection by Hilton, recently completed the total renovation of all guest rooms and suites at the ideally-situated waterfront property in Marina del Rey, Calif. Pacifica Hotels is the largest owner and operator of independent, design-inspired hotels on the Pacific Coast.
Jackson Hole’s Iconic Rusty Parrot Lodge & Spa Reopens With Summer Debut
Returning to its quaint and quiet corner of Jackson, Wyoming, The Rusty Parrot Lodge & Spa is now taking bookings for its triumphant July 1st opening, after a devastating fire destroyed the nearly 30-year-old boutique hotel in 2019. The reopening of the award-winning, family-owned and operated property will unveil a ground-up transformation inclusive of 38 rooms and two suites, the Body Sage Spa, and the Wild Sage Restaurant and Bar which are taking reservations as early as May 1, 2024. While entirely reimagined, the building remains true to the beloved Jackson lodge aesthetic by fitting seamlessly into the surrounding towering timbers and majestic mountains and is eager to welcome back both longtime and new guests, while staying close to its roots.
Ladun Investment signs partnership agreement with Cheval Collection for the construction and operation of Ladun Cheval Living
Ladun Investment Company signed a partnership agreement with award-winning hospitality group, Cheval Collection featuring numerous contracts for the construction and operation of Cheval Ladun Living - a tower featuring luxury hotel apartments situated on King Fahd Road (near King Abdullah Financial Center) in Riyadh. The signing took place during the prestigious Future Hospitality Summit held in Riyadh from April 29 to May 1, 2024.
Hilton Announces 2024 Thrive Sabbatical and Thrive Reset Winners
Hilton announced the recipients of its Thrive Sabbatical and Thrive Reset programs, continuing its investment in initiatives and benefits that support its team members’ professional, physical and mental well-being. Now in its eighth year, Hilton team members from around the world can apply for the time and resources to live a dream, give a dream or recharge by taking care of themselves or others, or to pursue a passion that helps them grow personally or professionally.
Ohai Resorts selects Shiji's Infrasys POS to power its eco-lodge concept
Shiji, the global hospitality technology innovator, is pleased to announce that Ohai Resorts has chosen Shiji's Infrasys Cloud POS solution to enhance its innovative outdoor living concept, which is highly focused on sustainability and the motivations of local tourism. Infrasys is already live at Ohai Nazaré and will be deployed as the brand introduces its new concept in Peniche, Conil, Marbella, and Gandia. Designed for enterprise-level hotel groups with multiple properties, Infrasys offers a scalable and guest-centric platform, making it the perfect choice to power Ohai's growth.
Amora Hotels & Resorts Selects Sydney as Regional Hub to Drive Asia Pacific Brand Expansion Strategy
Leading independent hospitality company Amora Hotels & Resorts is positioning itself for a new phase of expansion in Asia Pacific as it prepares to introduce its unique style of customer-centric luxury hospitality to new destinations across the Pacific and Southeast Asia.This week, the group opened its inaugural corporate office in Sydney, which will spearhead a growth plan to double its portfolio from six to 12 hotels in five years.
Cloud5 Welcomes Beata Weiss as Senior Vice President, Head of Human Resources
Cloud5 Communications, the leading provider of IT and communications solutions and services for more than 5,000 hotels across the Americas, is pleased to announce the appointment of Beata Weiss as the organization’s Senior Vice President, Head of Human Resources.
Romance meets iconic lifestyle with the arrival of Radisson Collection in Paris
Radisson Hotel Group, in partnership with Redevco, a real estate investment and asset management company, is proud to announce the arrival of its Radisson Collection brand in the heart of Paris. The hotel, scheduled to welcome guests as of early 2027, will be located just steps away from the renowned Louvre Museum and Le Marais, in the highly anticipated BPM (Beats Per Minute) development. This mixed-use development takes place in an iconic and heritage-protected Haussman building which has recently commenced its rehabilitation work.
Dusit Hotels and Resorts to showcase exciting news at the Arabian Travel Market 2024
Hot on the heels of opening 10 hotels last year, including its first properties in Greece, Japan, and Nepal, Dusit is on course to open even more properties this year – including the highly anticipated return of its legendary flagship Dusit Thani Bangkok and its debut in Saudi Arabia with Dusit Princess Al Majma'ah, Riyadh.
InnSpire to Provide Powerful Guest Room Entertainment Platform for Members of Prestigious New York Private Members Club
InnSpire, the leading provider of innovative hospitality technology solutions that help drive seamless, world-class guest experiences for some of the world’s most iconic hotels and brands, has announced that its advanced IPTV, InnSmart and InnCast guestroom entertainment solutions have been successfully deployed at one of the world’s most exclusive private members clubs located in New York City. The InnSpire solutions were implemented in the property’s luxury suites in October 2023, as part of a technology upgrade designed to cater to the evolving needs of the club’s discerning tech-savvy members.
Hong Kong Poly Research: Knowledge is Power in the Restaurant Sector
Publicly disclosing information can have mixed outcomes for catering enterprises, according to Dr Jaehee Gim of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University and co-authors. Using recent data from the US, they reached this conclusion after probing the link between information asymmetry and firm value in the famously saturated and competitive restaurant sector. Their discovery of a curvilinear form of the relationship was accompanied by new, practical insights into how the effect of information transparency on firm value is moderated by firm age and debt.
STR Weekly Insights: 14-20 April 2024
U.S. hotel performance leveled out following three unstable weeks impacted by the total solar eclipse and Easter calendar shift. Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. Revenue per available room (RevPAR) rose 1.2% year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%. Occupancy (at 66.8%), the highest level seen in 2024 so far, was essentially flat dropping 0.2 percentage points (ppts) YoY.
The Hidden Power of Travel | By Maria Rocha Barros
"Where are you from?" A seemingly simple question that I constantly grapple with. Does it refer to my place of birth, my current residence, or the roots of my culture? These days, I often say: "I was born in London, my heart is Brazilian, and I live in Amsterdam." Yet, simplifying it to just "Amsterdam" frequently prompts an odd look and a follow-up question: "Where are you from originally?" – which gets me struggling again...
3 in 5 Younger Travelers Go the Extra Mile for Live Events, AAA and Bread Financial Survey Finds
A new study from AAA and Bread Financial finds younger generations are driving a surge in live event travel. Approximately three in five Gen Z (65%) and Millennial (58%) respondents confirmed they have traveled in the past 12 months and/or plan to travel in the next 12 months for in-person events like concerts, sporting events, comedy shows, and book readings that are more than 50 miles from home . This compares to 43% of Gen X and just 27% of Baby Boomers.
Accor & Alesayi Holding Announce Development of Abraj Omar Hotel & Residences Makkah – MGallery Collection
Accor, a world-leading hospitality group, in partnership with Alesayi Holding, a leader in the Saudi Arabian real estate market with a diverse portfolio of residential and commercial units, has announced plans for the opening of a new hotel and residences development, Abraj Omar Hotel & Residences Makkah - MGallery Collection, located in the heart of the Holy City of Makkah, Kingdom of Saudi Arabia.
Earlier Ramadan and Eid al-Fitr celebrations had positive impact on Dubai hotel performance
This year, the month of Ramadan began fairly early compared to previous years. The Islamic holiday commenced on Monday, 11 March, and concluded on Tuesday, 9 April – lasting over four weeks. Combined with the Easter holiday weekend (29 March – 1 April) and a peak tourist season in the United Arab Emirates, Dubai hotels saw positive performance during this time period.
Shiji Enterprise Platform PMS is selected by Melco Resorts & Entertainment to power its digital transformation
Shiji, the global hospitality technology innovator, has announced that Melco Resorts & Entertainment (Melco), owner and operator of integrated resort facilities in Asia and Europe has selected Shiji Enterprise Platform PMS to power their global portfolio of resorts. The company will begin implementation at their locations in Macau, completely transforming its current technical infrastructure.
QUIZ: Which Hilton Hotel Brand is the Best Choice for Your Next Trip?
As of 2024, Hilton encompasses 23 world-class brands, offering more than 7,600 properties in 126 countries and territories. Best of all, Hilton’s wide selection of brands means there’s a perfect choice for travelers of all preferences and needs: from bucket-list vacationers, to honeymooners, to extended families, to traveling pet lovers, to workers in the need of long-term accommodations, to concert goers, live sports enthusiasts, and many more.
Navigating new hotel supply - Three strategies for hotels to stay In the game among new market entrants.
When new luxury and upper-upscale hotels enter a market, it can serve as a call to action for other hotels to up their game. For these legacy hotels, the challenge is not just to maintain market share but also to reinforce their foothold among new entrants.
What is hospitality management?
Hospitality. An industry as diverse as the culinary delights that grace its establishments’ tables. A customer-oriented mindset is the guiding principle of the industry. Then there is management which stands for leadership and responsibility. Put the two together, and you get “hospitality management”.But what is hospitality management? Where might it take you in terms of your professional career? How much might you earn in the hospitality management profession? And what would a Hospitality Management degree entail?
Azora Acquires Two Urban Hostels in Dublin and Barcelona
Azora, the Madrid-based European real estate investment manager, has completed the acquisition of two hostels located in Dublin and Barcelona on behalf of its Azora European Hotel and Lodging Fund (“AEHL” or the “Fund”), through a transaction with a fund managed by BlackRock.
AAHOA Rebrands and Repositions Its Leading Event Series as Hotel Owners Conferences & Trade Shows
In a landmark move, the Asian American Hotel Owners Association (AAHOA) is proud to announce the rebranding and repositioning of its leading event series, Regional Conferences & Trade Shows, to resonate more with member needs and the association’s ongoing evolution.
Enhancing hotel guests’ well-being: Academic insights for hoteliers | By Valentina Clergue
In recent years, the topic of well-being has become increasingly ubiquitous. A report by McKinsey (2024) finds, surprisingly, that millennials and Gen Z are spending more on health and wellness than older consumers. According to the Global Wellness Institute (2023), the wellness economy reached $5.6 trillion in 2023 and is forecast to soar to $8.5 trillion by 2027.
5 Reasons to Celebrate Your Night Auditor on May 18 | By Jason Q. Freed
On May 18, Otelier is once again asking hotel leaders to come together to shine a spotlight on the dedicated overnight crews that keep our establishments running seamlessly through the night. We have several ways you can recognize their hard work this year, including nominating exceptional team members for 2024 Night Auditor of the Year.
The Journey of Hotel Innovation and Reputation Management
In the inaugural episode of our enlightening podcast series, we embark on a journey through the evolution of hotel innovation and reputation management over the past decade, guided by the insights of leading authorities in our industry. Cristina López, the Sales Director for Spain and LATAM, Florencia Cueto, the Go-to-Market Strategy Director, and Neil James, the Vice President of Global Operations, unite to share their invaluable experiences and perspectives.