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Hospitality Net: Latest Industry News

Top Stories - Latest Hospitality and Hotel Industry News

Published: Fri, 24 Feb 2017 18:59:06

Last Build Date: Fri, 24 Feb 2017 18:59:06


Low Interest Rates Prompt Rise In Financing For European HotelsLow Interest Rates Prompt Rise In Financing For European Hotels

Fri, 24 Feb 2017 18:58:30

(image) Europe has seen an upturn in the availability of hotel financing due to low interest rates and strong performance, according to our 2017 European Hotel Lending Survey. 'The widespread availability of bank financing for hotels is partly due to stronger hotel market fundamentals and a more resilient banking sector across Europe,' commented report author Peter Szabo, analyst with HVS Hodges Ward Elliott. The survey of leading European banks found that although debt for hotels has become more widely available, there are regional differences in lending activity. Debt funding was also found to be easier to obtain for existing property acquisitions, refinancing, renovations and expansions, than new hotel constructions. 'Only half of Western European lenders in the survey were willing to consider new constructions, indicating their perception of the market being more mature with fears of possible oversupply,' said Szabo. Furthermore, lenders showed a clear preference for full-service properties at the higher end of the market than economy hotels, while larger loans were found to be originated by major Western-European banks, with the lending parameters in Western Europe the least stringent. Southern European banks were the most positive about hotel lending over the next 24 months, while Western European banks varied in their outlook. An equal number of banks in Western Europe predicted an increase in hotel loans as a decrease, another signal of a possible tipping point in the cycle, while 60% agreed that lending from non-bank lenders was likely to increase. 'Bank lending has undoubtedly become more available over the past few years with more favourable hotel fundamentals across Europe, but most banks are cautious about increasing their lending,' concluded Szabo. Read the 2017 European Hotel Lending Survey by Peter Szabo here:

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Hasn’t the “Great Man or Woman” Leader Profile Been Debunked as a Myth? | By James Houran & Keith KefgenHasn’t the “Great Man or Woman” Leader Profile Been Debunked as a Myth? | By James Houran & Keith Kefgen

Fri, 24 Feb 2017 18:47:22

(image) Speaking to executive teams, conference attendees and individual leaders throughout 2016, we received many questions about the ideas in our book, Loneliness of Leadership. Therefore, we thought it would be worthwhile to present a series of articles that share with the wider public a sampling of the most interesting or instructive of these exchanges and past debates.

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Creating the Right Connection for Conversion and Engagement on Social Media | By Tim SullivanCreating the Right Connection for Conversion and Engagement on Social Media | By Tim Sullivan

Fri, 24 Feb 2017 18:45:30

(image) As hoteliers' key audiences spend less time on the Web and more time on their smartphones' social apps, it is crucial for hotels to have a digital engagement strategy that creates meaningful interactions on social channels. Desktop still converts higher, but the path to a booking is a journey full of touch points across social. Now that social media platforms are maturing, hotels can go beyond targeting their own guests to discovering new profitable audiences. They can reach and drive sales for all sides of the business: leisure, corporate and group sales. However, before hoteliers think about social engagement, they need to cover the basics of personalization and one-to-one marketing.

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Jose Pascual Fernandez Estevan Named Director of Food and Beverage for New Grand Velas Los Cabos ResortJose Pascual Fernandez Estevan Named Director of Food and Beverage for New Grand Velas Los Cabos Resort

Fri, 24 Feb 2017 18:16:33

(image) Jose Pascual Fernández Estevan has been named Director of Food & Beverage for the new Grand Velas Los Cabos Resort, effective immediately. In his new position, he is responsible for overseeing the restaurants and bars, 24- hour in-room dining, and catering services of the "Beyond All-Inclusive, Beyond All Compare" resort which opened in December 2016.

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Radisson Blu Plaza Hotel rises to new heightsRadisson Blu Plaza Hotel rises to new heights

Fri, 24 Feb 2017 17:44:25

(image) Oslo's landmark, Radisson Blu Plaza Hotel, is now embarking on a total refurbishment of its 676 rooms, which will be completed after the summer. Norway's largest and tallest hotel is lifted to new heights, with the aim of giving the guests first-class international hotel experiences."The Radisson Blu Plaza Hotel is an iconic landmark in Norway, with which the majority of Norwegians are familiar. We are very proud of the hotel and wish to give our guests the very best experience when they visit us. That is why we are investing so heavily in this upgrade," says Tarje Hellebust, General Manager at the Radisson Blu Plaza Hotel.

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FelCor Lodging Trust Clarifies Background on Ashford Hospitality Trust ProposalFelCor Lodging Trust Clarifies Background on Ashford Hospitality Trust Proposal

Fri, 24 Feb 2017 16:31:21

(image) FelCor Lodging Trust Incorporated (NYSE: FCH) today offered clarification on the unsolicited, non‐binding and conditional proposal to combine its business with Ashford Hospitality Trust (NYSE: AHT).

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Marriott go from strength to strength with string of awardsMarriott go from strength to strength with string of awards

Fri, 24 Feb 2017 14:44:00

(image) Marriott is on a roll. Not content with being one of the biggest innovators in the hospitality industry by consistently embracing new technologies, it has also continued to excel in the more traditional realms of hospitality. A new press release from the group titled "Marriott International Comes Out on Top With Highest Number of Award-Winning Hotels" asserts that the chain has been awarded the most accolades to any hotel group in 2017. The group, who are the umbrella company for an array of world renowned hotel brands including Westin, W Hotels, Ritz-Carlton, Sheraton and St. Regis, were awarded 141 Gold and Silver across their properties by the U.S. News and World Report in its Best Hotels selection, which is now in its seventh year.

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Hampton by Hilton Aberdeen Airport OpensHampton by Hilton Aberdeen Airport Opens

Fri, 24 Feb 2017 14:40:15

(image) The first phase of a multimillion pound hospitality sector development has opened its doors in Aberdeen. Hampton by Hilton represents the introduction of a new brand to the North East of Scotland and the company is investing more than £34 million in creating two brand new, purpose-built hotels at Dyce, Aberdeen and Westhill, Aberdeenshire. The move will add an additional 300+ rooms to the accommodation provision in the area, and will create more than 100 jobs across the two locations.

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Marketview Snapshot U.S. Hotels Q4 2016Marketview Snapshot U.S. Hotels Q4 2016

Fri, 24 Feb 2017 13:12:27

(image) The national unemployment rate fell to 4.7% in Q4—the lowest level since the Great Recession—and non- farm employment increased by 165,000 jobs per month, according to the Bureau of Labor Statistics (BLS).Lodging demand grew 2.3% year-over-year in Q4, compared with 1.6% in Q3. The solid demand gains pushed up occupancy by a half percentage point to 60.7% in Q4—the highest fourth-quarter occupancy level since STR began recording this metric in 1987.The year-over-year number of available rooms nationally increased slightly by 1.7%. Rooms under construction grew 2.2% from the Q3 total to about 187,000 units, with another 150,000 rooms expected to open within 12 months.Despite record occupancy, overall ADR growth was somewhat muted in Q4 at 2.6%. Economy hotels had the largest ADR growth at 3.2% in Q4 compared with a year earlier.

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World of Hyatt Welcomes New Era with "For a World of Understanding"World of Hyatt Welcomes New Era with "For a World of Understanding"

Fri, 24 Feb 2017 12:59:12

(image) Hyatt Hotels Corporation (NYSE: H) today announced the launch of World of Hyatt, Hyatt's new global platform grounded in the simple idea that a little understanding goes a long way. This reflects Hyatt's purpose and reaffirms its commitment to building genuine and trusted experiences and engaging its community of loyalists in a way that is meaningful to them.

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The James New York NoMad OpensThe James New York NoMad Opens

Fri, 24 Feb 2017 11:20:14

(image) The James Hotels announces The James New York-NoMad opening summer 2017. The launch of the property marks a key moment in the evolution of the brand, beginning with the opening of The James West Hollywood- Sunset in May 2017. The new James Hotels are mindfully modern, embodied by the core pillars of Connection, Consciousness, and Community. Each property has a unique thumbprint of locally-sourced influential facets as part of its brand ethos.

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Davidson Hotels & Resorts Adds Don Cesar In St. Pete Beach To Pivot Hotels & ResortsDavidson Hotels & Resorts Adds Don Cesar In St. Pete Beach To Pivot Hotels & Resorts

Fri, 24 Feb 2017 10:52:24

(image) Davidson Hotels & Resorts has announced the addition of The Don CeSar, the iconic 277-room resort in St. Pete Beach, Fla. to its growing portfolio. Located on the sugar-sand beaches of Florida's Gulf Coast, the property is managed under Pivot Hotels & Resorts, Davidson's lifestyle and luxury division, and owned by Host Hotels & Resorts – the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

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Outrigger Hotels and Resorts positions itself for future growthOutrigger Hotels and Resorts positions itself for future growth

Fri, 24 Feb 2017 10:38:22

(image) Outrigger Hotels and Resorts announced today that W. David P. Carey III, who has successfully led the company for more than 30 years, will transition into a lead role on the Outrigger advisory board and focus on development, community relations and strategic growth. KSL Resorts co-founder and CEO Scott Dalecio will take over day-to-day oversight as Outrigger plans for future enhancements.

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The Hotel Technology Revolution We've All Been Waiting ForThe Hotel Technology Revolution We've All Been Waiting For

Fri, 24 Feb 2017 10:20:49

(image) Ask hoteliers about their biggest pain points, and technology integration will invariably be among them. Hotels require a complex array of software and data sets to operate, and most of them still operate in silos. This makes data inaccessible and difficult to analyze.

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Hotel and Mobile Boost OTA Online BookingsHotel and Mobile Boost OTA Online Bookings

Fri, 24 Feb 2017 09:57:19

(image) U.S. online travel agencies (OTAs) continue their upward climb and have increased their share of the total travel market. Bolstered mainly by hotel and mobile, OTA online bookings are now growing faster than suppliers', which are on a downward trend.

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How to win employees and influence them! | By L. Aruna DhirHow to win employees and influence them! | By L. Aruna Dhir

Fri, 24 Feb 2017 09:53:14

(image) Back in the 80s, when I was in School, two writers significantly became the flag-bearing keepers of our soul. They, with their path breaking works, became mentors to help us iron out the intensely complicated relationships we had personally and officially. For any teenager coming out into their own and for young professionals wanting to get a foothold in their work settings, Dale Carnegie and Norman Vincent Peale became the guides who would coach us to weed out differences, work towards a state of harmony and make our equations less chaotic and more conducive. Carnegie's bestselling book, 'How to win Friends and Influence People' became a bible for a whole generation when it was published in 1936 and stays relevant till date.

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Travel Tripper honored with Platinum Award in Digital Marketing at HSMAI’s 60th Adrian AwardsTravel Tripper honored with Platinum Award in Digital Marketing at HSMAI’s 60th Adrian Awards

Fri, 24 Feb 2017 09:48:57

(image) On Feb. 21, the Hospitality Sales & Marketing Association International (HSMAI) honored Travel Tripper with a Platinum Adrian Award for digital marketing excellence for its winning entry in the 60th annual Adrian Awards. The Adrian Awards, one of the most respected awards in the travel and hospitality industry, honors the best of the year in travel marketing in the categories of digital marketing, advertising, and public relations.

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In hospitality, customers are a big cause of workplace bullying | cbc.caIn hospitality, customers are a big cause of workplace bullying |

Fri, 24 Feb 2017 09:44:15

(image) Nobody likes sitting next to the rude customer yelling in the restaurant, but to the server, it's not just awkward: it's bullying. Labour relations lawyer Thomas Roper says workplace bullying — from colleagues and customers — is a too- frequent occurrence in the hospitality industry. He says it could be caused in part by customers who feel entitled to treat workers poorly. 'Buy Ben a Beer' campaign helps hospitality workers in crisis "It's sort of the idea that I'm paying for this service so I get to say what I want. Or it's in an alcohol context where people are looser with their language," he told All Points West host Robyn Burns.

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How To Blow A Soft Bubble Without Even Trying | By Benoit Gateau-cuminHow To Blow A Soft Bubble Without Even Trying | By Benoit Gateau-cumin

Fri, 24 Feb 2017 09:37:40

(image) From a deep, long lasting recession, the hospitality industry jumped overnight, (about three years ago) into a period of enthusiastic and unbridled growth. Airports and industrial suburbs, where most of the "traveling salesman" types continue to stay, no longer appeal to the "hip" developer. Downtown and urban areas is where hotel development has been taking place. The younger clientele, including, at large, generations X, Y and Z, treat urban centers not only as work place during the week, but also as leisure getaways on weekends. Not unusual at all for a downtown or industrial location to run a higher occupancy on weekends than it does during the week.

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The content conundrum: Finding a way to describe your hotel successfully | By John BurnsThe content conundrum: Finding a way to describe your hotel successfully | By John Burns

Fri, 24 Feb 2017 09:36:19

(image) Content is more important than ever. As John Burns, President of Hospitality Technology Consulting, writes, if we choose to use content proficiently, it can cement our competitive advantage, not only against other hotels in our competitive set, but also against the OTAs that are everywhere on the Web.

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