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Hospitality Net: Latest Industry News



Top Stories - Latest Hospitality and Hotel Industry News



Published: Fri, 20 Jan 2017 16:58:50

Last Build Date: Fri, 20 Jan 2017 16:58:50

 



Golden Tulip Holland Resort is the new shining star in Batu, Malang IndonesiaGolden Tulip Holland Resort is the new shining star in Batu, Malang Indonesia

Fri, 20 Jan 2017 16:58:29

(image) Louvre Hotels Group today announces it will operate the new Conference Center in Kota Batu, Malang alongside the largest Resort in Kota Batu, Malang. Golden Tulip Holland Resort Batu & Conference center will offer state-of-the-art audiovisual & telecommunications technology. Previously, major meetings have predominately been held in Surabaya. Today's announcement lets the industry know that Batu City, Malang is now a real option to cater for meetings & Events. The Conference Center is ideally situated adjacent to the new 5 Star, 260 rooms resort featuring 22 Sky Villas. Golden Tulip Holland Resort Batu is due to open in Quarter 1, 2017. Director of Sales, Ms. Elfa Yuliani Erlangga said the Conference Center now opens East Java to a international branded 5 star M.I.C.E experience. The demand for meetings in Kota Batu at the Convention Center has already been strong.. This new 5 star facility is what the market has been asking for and has the real potential to become the new prominent MICE destination for all of Java..


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STR: US hotel performance for December 2016STR: US hotel performance for December 2016

Fri, 20 Jan 2017 16:04:53

(image) HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during December 2016, according to data from STR.Compared with December 2015, occupancy was nearly flat (-0.1% to 52.9%). However, average daily rate (ADR) rose 2.4% to US$119.01, and revenue per available room (RevPAR) grew 2.3% to US$62.98. December marked the industry's 82nd consecutive month with a year-over-year increase in RevPAR. "After an outlier month (November), we returned to the new industry normal in December," said Jan Freitag, STR's senior VP of lodging insights. "This was the first December on record where the number of roomnights sold eclipsed 82 million, but overall growth (RevPAR: +2.3%) was well below the full 2016 average (+3.2%). The month's 1.8% supply increase was the highest for the industry since June 2010, and we expect further deceleration in performance growth as that supply growth continues to trend upwards."Among the Top 25 Markets, San Diego, California, posted the only double-digit increase in ADR (+10.8% to US$136.10), which was the primary driver of the month's largest year-over-year increase in RevPAR (+17.9% to US$90.54). Occupancy in the market was up 6.3% to US$66.5%.Washington, D.C.-Maryland-Virginia, saw the largest increase in occupancy (+7.0% to 55.5%) as well as the only other double-digit lift in RevPAR (+12.5% to US$71.73).New Orleans, Louisiana, reported the only double-digit drop in ADR (-10.6% to US$127.86) and the largest decrease in RevPAR (-17.3% to US$71.69). Occupancy in the market fell 7.5% to 56.1%.Two additional markets experienced a double-digit decline in RevPAR: Houston, Texas (-16.7% to US$46.36), and Miami/Hialeah, Florida (-13.7% to US$158.80).Houston reported the only double-digit occupancy decrease (-10.4% to 50.6%) year over year. "RevPAR growth in the Top 25 Markets (+0.2%) was significantly lower than all other markets (+3.8%)," Freitag said. "That is clearly a function of more supply growth in the larger markets, especially the likes of New York City and Miami."New York, New York, reported the highest absolute levels across the three key metrics: occupancy (87.7%), ADR (US$298.11) and RevPAR (US$261.36).


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The life and times of the modern hotel management system | By Kiran SunnyThe life and times of the modern hotel management system | By Kiran Sunny

Fri, 20 Jan 2017 14:40:11

(image) Plenty has been said about modern hospitality technology – especially hotel management systems. With the onset of cloud computing, technology adoption skyrocketed as independent hotel owners could now leverage cutting edge tools to compete with the evolved brands.


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How to identify and deal with changes in primary demand | By Thomas MagnusonHow to identify and deal with changes in primary demand | By Thomas Magnuson

Fri, 20 Jan 2017 14:26:35

(image) I previously told the story of how my wife, Melissa, and I transformed a struggling Western mining town—my hometown of Wallace, Idaho—into one of the world's leading destinations for snowmobilers.


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Hyatt announces plans for Hyatt Centric La Rosière, Hyatt’s first ski resort in the French AlpsHyatt announces plans for Hyatt Centric La Rosière, Hyatt’s first ski resort in the French Alps

Fri, 20 Jan 2017 12:51:36

(image) Hyatt Hotels & Resorts today announced plans for Hyatt Centric La Rosière, the first Hyatt Centric hotel in France and Hyatt's first ski resort in the region.


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Mega Vacation Rental Companies vs Hotel Brands | By Richard B EvansMega Vacation Rental Companies vs Hotel Brands | By Richard B Evans

Fri, 20 Jan 2017 12:24:16

(image) A study of the "Mega Vacation Rental" business model (companies with a minimum of fifty and often hundreds of rental units) shows some significant differences when comparing their operations and metrics to their established hotel industry brethren.


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CEO and Chairmen’s Views on the OTA Challenge | By Larry MogelonskyCEO and Chairmen’s Views on the OTA Challenge | By Larry Mogelonsky

Fri, 20 Jan 2017 12:21:31

(image) A recently published white paper on the state of the hospitality industry by Egon Zehnder's executive search and leadership consulting team brings into focus the need for senior managers in the hotel industry to holistically re- examine how they approach their business, and ultimately their hiring practices, to meet their future needs.


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ITB MICE Day: MICE striking a balance between effectiveness and efficiencyITB MICE Day: MICE striking a balance between effectiveness and efficiency

Fri, 20 Jan 2017 12:08:40

(image) Agenda includes topical issues such as sustainability and social responsibility, digitalisation and demographic change – admission to the ITB Berlin Convention is free for trade visitorsDigitalisation, demographic change, disruption, corporate social responsibility etc., what is behind the mega trends and the buzzwords of the MICE industry? How do they play out in practice? How effective and efficient are these developments? At the ITB MICE Day MICE industry professionals will be providing answers to many questions and highlighting best practices and actual scenarios. The event is organised by Vereinigung Deutscher Veranstaltungsorganisatoren e.V. and will take place on 8 March 2017 at the ITB Berlin Convention.


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Hard Rock Hotel Papagayo to Open 2019 in Costa RicaHard Rock Hotel Papagayo to Open 2019 in Costa Rica

Fri, 20 Jan 2017 12:03:20

(image) Hard Rock International announced plans to bring the Hard Rock Hotels experience to Costa Rica with the all- inclusive Hard Rock Hotel Papagayo, Costa Rica. Hard Rock, in collaboration with Sunwing Travel Group, is set to open Costa Rica's first Hard Rock Hotel by early 2019. The brand's strategic partnership with Sunwing Travel Group, the largest tour operator in North America, provides the perfect opportunity for future growth within the region. With Hard Rock and Sunwing Travel Group's shared vision of providing authentic experiences in word-class destinations, this new partnership paves the way for potential collaborations in both the Caribbean and Latin America.


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Marriott CEO discusses how Trump's win could affect the travel industry | finance.yahoo.com/Marriott CEO discusses how Trump's win could affect the travel industry | finance.yahoo.com/

Fri, 20 Jan 2017 11:51:44

(image) During an interview at the World Economic Forum in Davos, Switzerland, Arne Sorenson, president and CEO of Marriott International, discussed the state of travel in 2017 as Donald Trump becomes the president of the United States. There are a handful of things that could stir the pot, including the threat of global terrorism and the growth of the middle class around the world. But Sorenson highlighted the desire of some Americans – most notably reflected by Trump’s election victory – to close off borders is one that requires his attention.


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UNWTO Awards recognize the commitment of the tourism sector to sustainable approachesUNWTO Awards recognize the commitment of the tourism sector to sustainable approaches

Fri, 20 Jan 2017 11:43:45

(image) Guanajuato's State Ministry of Tourism (Mexico), Carlson Rezidor Hotel Group (Belgium), Govardhan Ecovillage (India) and Dutch Travel Trade Association (Netherlands) were the winners of 13th Edition of the UNWTO Awards for Excellence and Innovation in Tourism. Nearly 150 initiatives from 55 countries applied for this edition.


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International Year of Sustainable Tourism for Development 2017 kicks off International Year of Sustainable Tourism for Development 2017 kicks off

Fri, 20 Jan 2017 11:23:18

(image) Nearly 600 participants attended yesterday the Official Launch of the International Year of Sustainable Tourism for Development 2017. The event took place in the International Tourism Fair of Spain, FITUR, and will be followed by 12 months of global actions aimed at advancing sustainable tourism contribution to the 2030 Agenda for Sustainable Development.


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Sharks commence $25 million-dollar construction of Mantra HotelSharks commence $25 million-dollar construction of Mantra Hotel

Fri, 20 Jan 2017 11:01:02

(image) One of the largest clubs in Queensland, Southport Sharks, has joined forces with leading Australian hotel and resort operator, Mantra Group, to launch a new hotel on the Gold Coast.


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Vesta Hospitality Acquires Embassy Suites In Brunswick, GeorgiaVesta Hospitality Acquires Embassy Suites In Brunswick, Georgia

Fri, 20 Jan 2017 10:17:30

(image) Vesta Hospitality announced today that it has acquired the Embassy Suites hotel located in Brunswick, Georgia. Rick Takach, Chairman and CEO of Vesta, made the announcement. Rood Investments was a partner in the acquisition.


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Hilton Furthers Growth in Colombia with Signing of Hilton Bogota CorferiasHilton Furthers Growth in Colombia with Signing of Hilton Bogota Corferias

Fri, 20 Jan 2017 10:17:17

(image) Hilton (NYSE: HLT) today announced the signing of a management agreement with Corferias to operate a new build Hilton Hotels & Resorts property in the convention and exhibition center of Bogota, Colombia. Scheduled to open in 2018, the new 414-room Hilton Bogota Corferias will extend the company's presence in Colombia, where Hilton currently has a portfolio of 13 operating hotels and approximately 10 under development.


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The Future of Hotel Revenue Management | By Sheryl KimesThe Future of Hotel Revenue Management | By Sheryl Kimes

Fri, 20 Jan 2017 10:11:28

(image) Abstract : A survey of some 400 revenue management (RM) professionals finds that the application of hotel RM has gradually become more strategic and more centralized, but changes in RM practices have come more slowly than expected in the past six years. In particular, an earlier prediction that RM would be applied to all hotel revenue streams remains a work in progress, as does the use of mobile technology and social media as distribution channels. In addition, it is now more common for hotels to establish separate RM departments, as projected. Poll participants in the current research project suggested that, going forward, RM practices will be more fully integrated into all hotel operations, including function space (although these ideas have yet to gain much traction in the industry). These findings represent an update of a similar study on emerging trends in RM conducted by the author in 2010.


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Hawkeye Hotels announces first in series of institutional-value acquisitions for 2017Hawkeye Hotels announces first in series of institutional-value acquisitions for 2017

Fri, 20 Jan 2017 10:01:45

(image) Hawkeye Hotels, one of the nation's fastest growing privately-owned hotel groups, has acquired the Holiday Inn Express North in Cedar Rapids, Iowa, for an undisclosed price. This purchase marks the first in a series of strategic acquisitions planned for 2017.


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Six tips for a data-driven 2017 | By Kelly McGuireSix tips for a data-driven 2017 | By Kelly McGuire

Fri, 20 Jan 2017 09:41:04

(image) As we approach a year that will very likely be marked with more uncertainty, increased competition from all directions and even more pressure to perform, many hospitality executives are making a New Year's resolution to take better advantage of their organization's data. With all of the buzz and hype around data and data science, it's easy to resolve to "get more of it". It's harder to actually do it.


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Hyatt's Acquisition of Miraval is More Than Incremental | By Andrew CohanHyatt's Acquisition of Miraval is More Than Incremental | By Andrew Cohan

Fri, 20 Jan 2017 09:40:57

(image) The acquisition of Miraval by Hyatt Hotels has the potential to mark a "tipping point" for both the destination spa sector and the ever-expanding definition of hospitality brands. The press release announcing the acquisition quotes several key pieces of data from research conducted by the Global Wellness Institute, an industry think tank, regarding the size of the wellness travel market and its integration in all key segments of travelers: leisure, corporate, and group and meeting.


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Hotel Zeppelin Reveals their Secret to Back of House Staff Operations with ALICE Hotel Zeppelin Reveals their Secret to Back of House Staff Operations with ALICE

Fri, 20 Jan 2017 09:40:35

(image) Northern California's bold new Hotel Zeppelin San Francisco welcomes ALICE as their preferred hotel operations platform. The software provides seamless integration with back of house systems & operations.


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