Christopher Nassetta, president and CEO of the hotel giant Hilton Worldwide, last week highlighted his company’s move to display mandatory fees, such as resort fees, upfront when a consumer first searches on the group’s website and app.
15.09.2023 - 09:43 / skift.com / Mark Hoplamazian / Sean Oneill
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.
JP Morgan analysts reported on investor meetings they held with Hyatt, saying they came away incrementally enthused about Hyatt and its multi-year opportunities and transformation to an increasingly asset-light business model.
Hyatt said the seasonally driven transition to group and individual business transient travel mix is starting in the U.S. and should replace leisure for the balance of 3Q23 and 4Q23, accelerating RevPAR growth relative to the summer.
In the near to medium term, Hyatt conveyed confidence in sustaining above-peer net rooms growth and growing fees per room in excess of net rooms growth.
In a report, Truist continues to have Hyatt as its favorite name among hotel groups for potential stock performance. Truist gave forward-looking booking and pricing trends for U.S. hotels, and see no signs of demand slowdown. In fact, Truist sees U.S. RevPAR growing stronger in the fourth quarter than in the third quarter.
Hyatt CEO Mark Hoplamazian spoke at the Bank of America Conference a week ago. He said they are picking up on signs that more people in big cities are returning to offices, which he feels will lead to more business transient travel. Hyatt’s hotels in New York City are seeing increased levels of local traffic, which means people are back in the office, a clear difference between now and the beginning of the year.
Skift Take: We summarized highlights from Hoplamazian’s comments in Hyatt Sees Signs of a U.S. City Rebound That Could Boost Business Travel. See Hyatt CEO Mark Hoplamazian speak on-stage at the Skift Global Forum in New York City on September 27, 2023.
The wildfires that recently devastated Maui’s western region were a major tragedy, and Skift has reported that tourism there faces a “long recovery.”
That said, if you zoom out to the perspective of hotel companies across the Hawaiian island, you may see less of a business and operational impact than many feared.
Sunstone Hotel Investors, an investor in roughly a dozen prestige hotels, gave a business update this week. As Daily Lodging Report summed up: “It looks like the Maui wildfires’ impact was less bad than feared, or less of an impact than expected. August company revenue per available room (RevPAR) growth was 1.4%, better than analysts expected.”
Host Hotels & Resorts, America’s largest hotel owner by property count, said it had avoided any reported property damage to the company’s hotels or golf courses on Maui. All its hotels remained open and operational through the wildfires.
The company’s hotels provide food and shelter for employees, their
Christopher Nassetta, president and CEO of the hotel giant Hilton Worldwide, last week highlighted his company’s move to display mandatory fees, such as resort fees, upfront when a consumer first searches on the group’s website and app.
The mayor of the Hawaiian island of Maui detailed the phased reopening of West Maui set to begin this weekend following the devastating fires this summer.
It’s that time of year when the night air cools, pumpkins appear on doorsteps and apples are ripe for the picking — sure signs that leaf-peeping season is on the horizon. If you’re hoping to spend a weekend marveling at fall foliage but haven’t yet booked a place to stay, the time is now. To help you on your way, here are five new properties for autumn adventures, including a pair of boutique hotels in Asheville, N.C., amid the Blue Ridge Mountains; a former textile mill turned hotel in Southern Maine; a reopened haven in Yellowstone National Park; and a luxury hotel in Boston that makes for a pampered departure point for New England road trips.
With 19 brands, IHG Hotels & Resorts is one of the power players in hospitality with more than 6,000 properties across the globe. Traditionally, it has offered plenty of room inventory in the mid-scale, or what it calls “essentials” category like Holiday Inn and Holiday Inn Express, as well as a growing focus on all-suite brands (including Atwell Suites and Staybridge Suites).
Good morning from Skift. It’s Tuesday, September 26. Here’s what you need to know about the business of travel today.
Awe-inspiring backdrops, difficult yacht charter guests and cruise crew drama have fueled one of TV's most popular reality shows. Since "Below Deck" premiered on Bravo in 2013, it's spawned a number of spinoffs, beginning with the popular "Below Deck Mediterranean" series, which premiered in 2016.
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.
Next week will be our 10th annual Skift Global Forum, happening September 26-28, 2023 in New York City. After several years of recovery, it’s clear this year is finally a moment when the industry can finally look ahead to the long-term, while also adapting to a rapidly changing digital future that will be more autonomous and more connected than ever before in history.
ITB Asia, Asia’s leading travel trade show, is pleased to announce its top exhibitors for the highly anticipated 16th edition, set to take place from 25 – 27 October 2023 in Singapore.
As summer holidays come to an end, 50 Best has compiled its list of the World’s 50 Best Hotels in 2023.
The Hôtel de Paris is a Monte Carlo institution just steps away from the famous Casino of Monte Carlo and steeped in history. Originally opened in 1864, the property has recently undergone an extensive renovation, creating a hotel that is filled with modern touches but that also is deeply respectful of its Belle Epoque tradition. In addition to providing a very luxurious experience, one of the hotel’s most important undertakings is its deep commitment to sustainability.
Switzerland’s largest city may not (yet) draw the crowds of its other Western European counterparts, but it has more than enough of its share of panache to lure travelers and keep them engaged, entertained, and edified. The eminently walkable city, in spite of streets that zig and zag, is also increasingly bike-friendly. To wit: in 2024, Zurich will host Cycle Week, the national biking festival, and serve as the location for the annual Road and Para-Cycling Road World Championships. But you don’t need to ride competitively to enjoy Zurich’s myriad charms—gorgeous waterfront location, historic Old Town, sophisticated shopping, and artsy neighborhoods among them.