Hotel News Resource
May, 21 2019
 
 
 
Las Vegas is Top US Hotel Market With Nearly $14 Billion in Total Revenue (excluding gaming)
 
U.S. Hotel Profits Hit All-time High, Labor Costs Outgrowing Revenues
 
U.S. hotel industrywide house profit reached $80 billion in 2018 even as labor costs increased at a higher rate than revenues. Read More
 
Market Report U.S.
US Hotel Occupancy Up 0.3 Percent to 68.0 Percent for April 2019
Positive YOY Performance for US Hotel Industry for April 2019
 
RevPAR up 1.2 Percent to US$89.67 Read more
 
Market Report U.S.
U.S. Monthly GDP on a Growth Path of (+2.0%) in April
 
e-forecasting.com's U.S. monthly GDP, monthlyGDP ™, fell in April by an annualized month-to-month growth rate of 0.2% to $18,920 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 0.2% in March. Read more
 
Cancellation Fee Income
Attrition and Cancellation Revenue - By Robert Mandelbaum
 
In 2010, Attrition and Cancellation Fee income equaled 1.0 percent of Total Operating Revenue. This metric declined to 0.8 percent in 2011 but has since risen to 1.1 percent of Total Operating Revenue in 2016 and 2017. Read more
 
Construction Pipeline Central/South America
Central/South America Hotel Construction Down 5.3% for April 2019
Central/South America Hotel Construction Down 5.3% for April 2019
 
With 168 hotels comprising 23,324 rooms in construction through April, Central and South America's number of rooms in construction is down 5.3% year over year. Read more
 
Best Western Hotels & Resorts Leisure Travel Summit
Travel Industry Leaders Discuss Summer Travel Forecast
 
Panelists Share Insights on Bridging the Gap Between Aspirational and Accessible Travel Read more
 
Market Report Canada
HVS Canadian Lodging Outlook - 1st Quarter 2019
 
Absorption of new inventory of rooms across the country is putting downward pressure on national occupancy; average rate continues to grow, albeit at a slower pace. Read more
 
Hotel Construction Pipeline Caribbean/Mexico
Caribbean/Mexico Hotel Construction Up 30.7% for April 2019
 
The number of hotels in construction in the Caribbean and Mexico region is up 30.7% year over year through April with a total of 131 hotels comprising 29,187 rooms. Read more
 
Track Hospitality Software
TravelNet Solutions Announces Integration Partnership with VacayHome Connect
 
TRAVELNET Solutions today announced a new partner integration with VacayHome Connect, allowing vacation rental managers using TRACK Hospitality Software for property management to distribute their rental inventory through leading booking channels. Read more
 
Hotel Development Atlanta
The Whitley, A Luxury Collection Hotel, To Unveil Multi-Million-Dollar Transformation in June 2019
The Whitley, A Luxury Collection Hotel, To Unveil Multi-Million-Dollar Transformation in June 2019
 
The Whitley’s renovation includes a redesign of all 507 rooms (including 56 spacious suites) and a remodeled reception and lobby area that reflects a traditional Southern front porch. Read more
 
Hospitality Social Media News
Hospitality Social Media Marketing News - May 17, 2019 Issue
Hospitality Social Media Marketing News - May 17, 2019 Issue
 
In the last few weeks, the Facebook empire has made some big developments to their platforms that are directly relevant to hotels, resorts, and other businesses in the hospitality industry. In this week’s social media updates, we’ll look at each one and how you can expect for it to impact you. Read more
 
Marriott Marketing Campaign
Marriott International Unveils Long Stay Category Marketing Campaign
Marriott International Unveils Long Stay Category Marketing Campaign
 
The integrated effort features Residence Inn by Marriott, Element Hotels and TownePlace Suites by Marriott to reinforce each brand's unique style and offerings, while highlighting their spacious accommodations that provide the extra space and amenities business travelers desire. The multi-platform campaign is the first from Marriott International since the hospitality industry leader introduced its new loyalty platform Marriott Bonvoy earlier this year. Read more
 

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In Brief...
 

AVANI Hotels Hotels Development Update
Avani Hotels to Open Seven New Avani Properties in 2019, Including in Three New Countries

Hotel Portfolio Transaction
PAI Partners Enters into Exclusive Negotiations to Sell B&B Hotels to Goldman Sachs

Hotel Development San Antonio
112 Room Hotel Coming to the San Antonio Riverwalk

Hotel Development Portugal
Hyatt Regency Brand to Enter the Portuguese Market with Hyatt Regency Lisbon

HVS Latin America
HVS Continues to Expand Its Presence in Latin America

Management Appointment Mandarin Oriental
Jill Goh Named General Manager For The Landmark Mandarin Oriental, Hong Kong

Employee Flexibility Act
AHLA Applauds Introduction of Employee Flexibility Act

Software Suggest Awards
EZee's Hotel Software Gets Recognized with 'The Highest Quality' and 'Customer Choice' Awards from Software Suggest

Hotel Opening Poland
Radisson Collection Hotel Warsaw Opens

Hotel Opening Spain
Secrets Mallorca Villamil Resort & Spa Opens in Spain

 
 
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