Global Hotel Investment Trends
Advertisement
North American Hotel News
Management Appointment HVS Executive Search
Wendy Hollander Named Chief Administrative Officer for HVS Executive Search
HVS Executive Search announces the promotion of Wendy Hollander to Chief Administrative Officer.
Hospitality Industry Sentiment
Hotel Industry Expert Predictions for Occupancy and ADR Hold Steady, Even with Declining Confidence in Demand
Compared to the previous iteration of this study in Q4 2023, overall business confidence for the next 12 months has held steady, with 35% of respondents rating their confidence at an '8' or higher on a 10-point scale.
Cookies
The Cookie Apocalypse: Adapting to the Era of 3rd Party Cookie-Less Marketing - By Cristina Suris
As reliance on zero and first-party data sources becomes increasingly crucial, proactive adaptation and integration of customer profiles into evolving marketing channels will be essential for maintaining competitiveness in the industry. I discussed this recently with my colleagues on the HSMAI Rising Marketing Leader Council, read on for highlights from our discussion
Guest Data
Hospitality Stakeholders on Fixing the Data Silo Problem
Despite years of work across the hospitality industry, hotels are still struggling to connect guest data across multiple systems, inhibiting their ability to provide an optimal guest experience. That was one of the key messages during a panel last week at the Highgate Tech Ventures and Independent Lodging Conference's Indie Cultivate event in New York City.
Market Report U.S.
U.S. Hotel Performance for Week Ending April 27th
As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
HITEC Charlotte
HFTP and Hospitality Net Partner on Investment Sentiment Survey, Ahead of the Inaugural HITEC Technology IC
Hospitality technology companies requested to participate by May 15, with subsequent report presented this June.
MGM Resorts International Releases 2023 Social Impact and Sustainability Report
The report details the Company's continuing and steadfast commitment to its Social Impact and Sustainability principles of embracing humanity and protecting the planet and building a legacy for generations to come.
Hotel Transaction New Orleans
410 Room Marriott Dual Branded New Orleans Marriott Courtyard and Springhill Suites Hotels Sold for $73 Million
First Major Hotel Sale in the Market Since Early 2023 Signals Rebound of Hotel Market Sales
Choice Hotels Development Update
Choice Hotels Relaunches Park Inn by Radisson
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Hotel Transaction Nashville
Dual-Branded 1 Hotel and Embassy Suites Nashville Hotel Sold
Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.
Hotel Development Las Vegas
The Venetian Resort Las Vegas Unveils $1.5 Billion Hotel Renovation Timed to Its 25th Anniversary
Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice's canals to the Las Vegas desert, gondoliers and all. Today, coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by its $1.5 billion reinvestment project.
Luxury Hotels
Luxury Hotels and a 'Sense of Place': Brand Identity and Experiences - By Dr Suzanne Godfrey
In the second article in this three-part series exploring luxury hotels and how a 'sense of place' helps differentiate a luxury hotel and build loyalty, Suzanne Godfrey, consultant and lecturer in luxury and luxury hospitality, examines how the brand's identity can elevate the hotel experience and create a unique sense of place.
Market Report U.S.
STR Commentary on U.S. Hotel Performance for March 2024
Revenue per available room (RevPAR) fell 2.2% year over year (YoY) in March, marking the first such decline since February 2021.
Hotel Revenue Management
Revenue Managers: It's Still a Seller's Market, But Don't Get Greedy - By Lynn Zwibak
Sources predict that hotels' pricing power will remain strong. However, we don't need a pandemic recovery to fall into the trap of overpricing. Why do we do this?
Hotel Opening Nebraska
First Avid Hotels and Candlewood Suites Dual-Branded Hotel Opens in North Platte, Neb
Operating under the ownership of Nightcap Management, LLC, avid hotel and Candlewood Suites North Platte marks the first milestone in an exciting growth trajectory for the dual-brand pairing, with more than 40 additional hotels in the pipeline.
LinkedIn Marketing
7 Tips to Demonstrate Your Thought Leadership on LinkedIn - By Mercedes Blanco
LinkedIn is more than just a platform for networking - it is a critical tool for career advancement and professional visibility. Leveraging insights from the recent meeting of the HSMAI Sales Advisory Board members, here are seven tips you can use to become a LinkedIn thought leader.
HSMAI Local Chapters
HSMAI Strategic Initiatives to Enhance Local Market Engagement and Value - By Robert A. Gilbert
Here at HSMAI we are ramping up efforts to invigorate our member base and foster robust market-specific growth. As we move into 2024, our strategic priority to 'broaden our reach' takes center stage, focusing on developing new markets and enhancing the member value proposition through localized engagement.
Social Media Trends
Google Trailing Behind Instagram, TikTok: How Social Media is Changing the Travel Search Landscape
Recent studies highlight a significant trend: Gen Z (aged 18 - 24) is turning to social media for their travel searches. This age group bypasses Google in favor of visually-driven platforms like Instagram (67%) and TikTok (62%) to find places to stay.
On-the-Go Mobile Ordering
Hilton and Grubhub Onsite Expand Relationship to Offer Mobile Ordering and Delivery
Guests staying at Home2 Suites by Hilton now have access to seamless mobile ordering and delivery via Grubhub Onsite, available at nearly 600 properties nationwide.
Hotel Opening Beverly Hills
Burton House Beverly Hills, a Tribute Portfolio Hotel to Opens Following Multimillion-Dollar Renovation
The hotel features 186 guest rooms; an exciting dining and social concept called Emerald Lounge; 1,000 sq. ft. of meeting space; a fitness center featuring state-of-the-art equipment; and a 1,100 sq ft yoga studio.
Generative AI
Interview - CWT's Chief Architect Matthew Newton on Gen AI and a Hitchhiker's Guide to the Galaxy
We ask Matthew what led him to his role, what the future of AI means for travel managers, and what we can expect in the future.
Event Management Software
Why Business Leaders Should Adopt Tripleseat QR Codes for Events
Using Tripleseat QR Codes is a strategic business move that offers tremendous benefit for event management at your venue, including improved financial risk mitigation to ensure prompt event payments, streamlined payment processing, and an enhanced guest experience.
Choice Hotels International (NYSE: CHH) Kicks off Its 68th Annual Convention in Las Vegas
Thousands of Choice hotel owners and operators gather in Las Vegas for educational sessions, a vendor marketplace and to hear how Choice plans to continue driving strong results for its system
Maestro PMS Users Conference
Hoteliers, Integration Partners Applaud Maestro PMS's Innovative, All-In-One Technology
NEW tools take center stage at the company's largest Users' Conference on record, including embedded payments, learning management, client incentives and more