Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.
25.08.2023 - 14:03 / skift.com / Sean Oneill
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
The 88-room Fairfield Inn & Suites by Marriott in North Conway, New Hampshire, situated at the base of Cranmore Mountain Resort, is now open. The property will operate as a Marriott franchise, managed by Lafrance Hospitality. Hotel amenities include meeting space, an on-site lobby bar, outdoor patio with multiple firepits and a hot tub, an indoor pool, fitness center, and storage lockers for ski and hiking equipment.
IHG Hotels & Resorts announced the completion of the first phase of a multi-stage renovation at its Holiday Inn Washington-Central/White House property. The initial project included a reimagining of the hotel lobby along with the addition of a Johnny Rockets and Hurricane Wings restaurant, with ongoing renovations of guest room bathrooms scheduled to conclude in Q3 2023. Located in the heart of the nation’s capital, the hotel is owned by RI Associates and managed by Coakley & Williams Hotel Management.
Skift Note: It’s good to see supply chain disruptions come to an end in much of the U.S. hotel development market. Now the holdups are mainly labor and regulatory.
Skift Note: There was no report on the U.S. holiday of President’s Day.
Marriott International is planning 14 new luxury properties opening in the Asia Pacific region this year. Marriott currently has 156 properties in 27 countries and territories in the region, The Australian reported. Some of the openings include the Ritz-Carlton in Melbourne this March and the W Sydney in October. The Ritz-Carlton will take the mantle of Australia’s loftiest hotel with panoramic views and a sky lobby on level 80, with 257 luxury hotel rooms and suites below. The W Sydney will have 585 guestrooms, suites, and studios with harbor views.
Singapore has urged Chinese authorities to restore flight capacity between the two nations to pre-Covid levels as to boost business and tourism ties, The Straits Times reported.
South Korea will increase the number of flights into the country from China to 80 from 62 per week by the end of this month, South Korea’s Prime Minster said, according to a Reuters report.
European Union countries have agreed to phase out pre-departure Covid testing for travelers from China by the end of the month.
Macau visitor arrivals in January doubled year on year, reaching nearly 1.4 million. Jose Wong, an associate professor at the Macau University of Science and Technology’s Faculty of Hospitality and Tourism Management, poured cold water on the situation. He forecasted that Macau would only see half of the yearly pre-pandemic visitors
Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.
Here are the top stories from Daily Lodging Report in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
While 2022 was a post-pandemic boom year for hotel demand in much of the world, total global hotel investment volume decelerated slightly to $71.9 billion, a decline of 2 percent relative to 2021. The relative lack of outbound Chinese hotel investment, the Russian war in Ukraine, and recessionary pressures in several markets tamped down the pace of growth.
Here are some excerpts from Daily Lodging Report by Alan Woinski from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Luxury hotel companies could flash a half-decent report card this year thanks to a post-pandemic surge in demand. But they could do better long-term if management teams sharpen their focus on opportunities to woo well-off consumers who increasingly care about experiences.
Appealing to people’s emotions is becoming a more effective way for hotel groups to woo travelers because guest needs are evolving in ways that undercut the traditional branding recipe. Many hotel executives are fine-tuning what their brands stand for and how they communicate that message to guests as they try to grab market share.
MGM Resorts International reported earnings for the fourth quarter of 2022 on Wednesday. Here are key points about the operator of 32 hotels and casinos in the U.S. and Macau.
Hyatt Hotels Corp., which enjoyed a blockbuster financial performance in 2022, forecasted Thursday continued success this year, especially in the first half. The company expects to benefit from growing consumer interest in its lifestyle, luxury, and resort properties, returning group reservations for its banquet halls, and an expanding room count.