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Economics at hospitalitynet.org

Friday, Jul 26

16

Be More Outdoors: World of Hyatt Announces Exclusive Alliance with Under Canvas, the Leader in Upscale Outdoor Hospitality, Adding More Immersive Experiences for Guests and Members

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World of Hyatt is inviting guests and members to immerse themselves in memorable outdoor experiences and stays at Under Canvas’ 13 outdoor resorts, including Under Canvas’ new luxury outdoor resort, ULUM Moab. The new alliance provides…

U.S. Travel Announces 2024 Hall of Leaders Honorees

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Destination leaders Christopher L. Thompson, former president and CEO of Brand USA, and William D. “Bill” Talbert, III, former president and CEO of the Greater Miami Convention and Visitors Bureau, will be honored as the 2024 inductees…

UN Tourism Shines a Light on Investment Prospects in Zambia

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According to the International Monetary Fund (IMF), Zambia’s economic outlook is promising, with projected growth rates of 4.3% in 2023, 4.7% in 2024, and 4.8% in 2025. Zambia has maintained a steady growth rate of 3.2% over the past…

12

Banyan Group Announces the Opening of Its First Standalone Banyan Tree Veya in Valle De Guadalupe

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The Group continues to strengthen its presence in North America with the opening of Banyan Tree Valle de Guadalupe, a wellbeing haven.

11

CapitaLand Ascott Trust increases gross profit by 12% through sustained lodging demand and stronger operating performance

www.hospitalitynet.org

CapitaLand Ascott Trust (CLAS) increased its 1H 2024 gross profit by 12% year-on-year (y-o-y) to S$172.9 million. Revenue also rose by 11% y-o-y, reaching S$386.4 million. The increase was mainly on the back of sustained lodging demand and…

Accor Launches Global Leadership Council to Shape the Future of Corporate Travel

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Accor, a world-leading hospitality group, together with executive travel managers and buyers from 17 leading international corporations, have launched the Accor Global Leadership Council (GLC), an innovative advisory board aimed at…

Thursday, Jul 25

23

Curacity Launches Proprietary Data Analytics & Insights Suite

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Curacity announces the launch of Exec View, a new data analytics and insights suite for the hospitality industry. Among a trove of proprietary data, Exec View uniquely uses a guest’s initial content exposure date — the date a guest first…

18

GBTA Convention 2024 Delivers Record Forecast Outlook and Positive Future Vision for Business Travel While Bringing Education, Connections and Inspiration to Industry Professionals

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The global business travel industry converged in Atlanta, Georgia, for the GBTA Convention 2024 held July 22-24 at the Georgia World Congress Center. Attracting 5,400 registered attendees from 50 countries – including more than 1,100…

17

U.S. hotel results for week ending 20 July

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The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July. CoStar is a leading provider of online real estate marketplaces,…

Viceroy at Ombria Algarve to open October 2024, Unveiling a previously undiscovered destination in southern Portugal and a new era for the Viceroy brand

www.hospitalitynet.org

Opening 1st October 2024, Viceroy at Ombria Algarve will tell a new story for Viceroy as it further expands into Europe and sets its sights on a fresh tone and approach to the guest experience globally.

16

Hampton by Hilton London Heathrow Bath Road joins four Hilton properties at Europe’s busiest airport

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Hilton (NYSE: HLT) has announced the signing of Hampton by Hilton London Heathrow Bath Road, marking the brand’s debut at Europe’s busiest airport, as part of a franchise agreement with Acre Hotels Ltd, part of the Westcombe Group.

Amadeus Improves Sales, Meeting & Event Planning with Enhanced Delphi® Experience

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Group business is top of mind for hoteliers in 2024, with new research finding that hoteliers are prioritizing ways to strengthen customer relationships, to improve outreach with new and repeat business, and to plan and execute events more…

14

Hotel Market Beat H1 2024 - UK

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Transaction volumes in the UK hotel real estate market have significantly increased in the first half of 2024, reaching levels unseen since H1 2015. According to new data from Cushman & Wakefield, this revival saw around £3.9 billion…

11

Hospitality CEOs on the industry today: transformation, value, optimism

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The annual NYU International Hospitality Industry Investment Conference, now in its 46th year, offers a deep dive into the current and future state of the hospitality industry. This year, I had the privilege of leading a CEO panel…

Wyndham Hotels & Resorts Reports Strong Second Quarter Results

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Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2024. Highlights include:

Kempinski Hotels releases latest Environmental, Social and Governance Report

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Kempinski today publishes its third Environmental, Social and Governance (ESG) Report 2023, building on the previous reports from 2021 and 2022.

ROH Crosses $100 Million in Booking Value Created

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ROH, the hospitality industry’s first payments and revenue management platform designed to help hotels increase profitability, today announced that over $100 million in booking value has run through the platform as hotel operators, owners…

Growth in room rates continues to drive Canada hotel industry

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Canada’s hotel industry achieved continued performance gains through average daily rate (ADR), according to CoStar’s June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property…

10

Accor - First half 2024: solid performances in line with growth targets

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The first half of 2024 confirms Accor’s growth outlook, as presented at the Capital Markets Day on June 27, 2023 and reiterated in recent earnings and revenue releases.

5 Essential Elements of a Modern Hotel Property Management System

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In today’s fast-paced and highly competitive hospitality industry, having a robust Hotel Property Management System (PMS) is no longer a luxury but a necessity. Modern PMS solutions have evolved to address the complex needs of hotels,…

Wednesday, Jul 24

19

ComOps Announces New Collaboration with Infor to Enhance Hospitality Solutions in North America

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PEMBROKE PINES, FL – July 24, 2024 ComOps, a leading customer experience (CX) and professional service solutions provider today announced a new collaboration with Infor, the industry cloud company. This strategic collaboration designates…

18

AI May Make Mistakes, But It Won’t Shoot a Customer

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Customers are not yet 100% comfortable with AI technology. It still makes mistakes, which is frustrating. Consider these findings from our annual customer service and CX research (sponsored by RingCentral):

17

Plusgrade and Global Hotel Alliance Enrich GHA DISCOVERY Offerings with Buy D$ Feature

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MONTREAL, July 2Plusgrade, a global leader powering ancillary revenue solutions for the travel industry, and Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands, announce a partnership to enrich GHA…

16

Dar Global Launches Marriott Residences In Aida, Oman

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Dar Global, the luxury international real estate developer, today announced the launch of Marriott Residences as part of their Aida masterplan community, paying homage to the hospitality giant’s world-class standards of sophisticated…

13

321-Key Courtyard by Marriott Debuts in Sapporo, Japan

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Courtyard by Marriott®, part of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, today announced the opening of Courtyard by Marriott Sapporo in Sapporo City, the capital of Japan’s northernmost island of Hokkaido. The…

12

U.S. Hotel Performance for June 2024

www.hospitalitynet.org

The U.S. hotel industry reported improved performance results from the previous month, according to June 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property…

Shinola Planning for 170-Key Hotel in Indianapolis

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Shinola, a Detroit-based company, is set to expand its hotel portfolio by opening a second hotel in Indianapolis. The investment group Boxcar Development, led by Herb Simon and the Simon family, has submitted a preliminary proposal to…

11

WorldVue Acquires Cabling Solutions, LLC

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Hospitality technology solutions providers WorldVue Connect, LLC and Cabling Solutions, LLC have announced they have signed an agreement that marks their commitment to designing and building quality infrastructure in hotels.

Travel Tech Asia 2024 records highest exhibition space sold and unveils stunning line of bellwether speakers

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Travel Tech Asia 2024, co-located with ITB Asia and MICE Show Asia, will take place from 23 to 25 October 2024 at Sands Expo and Convention Centre, Singapore. The show has already sold more exhibition spaces than last year with bigger and…

10

Activate your space with sonic branding

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Hospitality operators strive to deliver the right atmosphere: it’s a core aim. Whether hotel lobby, bar, restaurant or club, you want your guests to feel comfortable and relaxed. You want them to want to be there, and to want to stay. And…