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STR, TE downgrade U.S. hotel forecast for 2019 and 2020

Hospitality Net - January 29, 2019 - 10:50am
The U.S. hotel industry is projected to report a further slowdown in performance growth in 2019 and 2020, according to STR and Tourism Economics' latest forecast just released at the Americas Lodging Investment Summit. "Late in 2018, RevPAR growth w...
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Hyatt Place Calgary Airport Celebrates Official Opening

Hospitality Net - January 29, 2019 - 10:44am
Hyatt Hotels Corporation (NYSE: H) today announced Hyatt Place Calgary Airport, the second Hyatt Place hotel in Alberta, and the ninth Hyatt-branded hotel in Canada, is officially open. The new hotel features the Hyatt Place brand's intuitive, ...
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Ascend Hotel Collection Celebrates Record Year With Most Signings In Brand History

Hospitality Net - January 29, 2019 - 10:11am
ROCKVILLE, Md. -- The Ascend Hotel Collection, the world's first and largest soft brand from Choice Hotels International, Inc. (NYSE: CHH), closed out 2018 by awarding the most franchise agreements in the brand's history. Seventy-three total franchi...
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Four Seasons Hotels and Resorts Embarks on Exceptional Year of Strategic Global Growth with Nine Planned New Property Openings in 2019

Hospitality Net - January 29, 2019 - 10:07am
TORONTO -- The coming year will mark several significant new openings for Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, with the debut of nine new hotels and resorts around the world, plus the continued expansion o...
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Wyndham Grand to Debut in Six New Destinations in 2019

Hospitality Net - January 29, 2019 - 10:03am
PARSIPPANY, N.J. -- Wyndham Grand, the upper-upscale brand of Wyndham Hotels & Resorts (NYSE: WH), the world's largest hotel company with more than 9,000 hotels in more than 80 countries, is slated to debut in six new destinations around the world i...
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HIS Introduces BeyondTV GuestCast Solution to Address Evolving Hotel Guest Content Streaming Preferences

Hospitality Net - January 29, 2019 - 9:40am
Clearwater, Fla.-- Hotel Internet Services (HIS), a full-service provider of internet services and solutions for the hospitality industry, has announced the launch of BeyondTV GuestCast, an advanced casting solution that, while affordable for hoteli...
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Hard Rock Daytona Beach debuts to nearly a million in milestone opening with marketing platform

Hospitality Net - January 29, 2019 - 9:11am
Orlando, FL -- Hard Rock Hotel Daytona Beach has switched on an entirely new approach to travel marketing with, the advocacy marketing platform for hotels and travel lets guests share their Hard Rock experience worldwide, debu...
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Melia Hotels International Selects Volara to Bring Voice-Powered Alexa Technology to Circle by Melia

Hospitality Net - January 29, 2019 - 8:27am
New York -- Volara - the voice hub for the hotel industry - has been selected by Circle by Meli , a Melia Hotels International brand, to provide voice technology to properties within its international shared vacation membership club. The new Grand R...
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Heritage Hotels & Resorts Partners with ProfitSword to Streamline Data Management and Budgeting/Forecasting Operations

Hospitality Net - January 29, 2019 - 8:09am
Albuquerque, M.N. - ProfitSword, hospitality's premier developer of business intelligence and data integration software, has announced the implementation of its ProfitSage operational and financial reporting solution by Heritage Hotels & Resorts, a ...
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Beekeeper Wins ALIS Tech Challenge; Deemed Hottest Technology for 2019

Hospitality Net - January 29, 2019 - 8:08am
"The labor issue continues to keep c-level hotel executives up at night, especially now that unemployment is at an all-time low and the cost of labor is on the rise with no signs of slowing," said Connie Rheams, Beekeeper VP of Hospitality. "To over...
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Smells Like Change - Pendry Hotels Meets MiN New York

Hospitality Net - January 29, 2019 - 6:59am
HN: What is your current outlook of luxury hotel amenities, and how do you operate in that space?With more than 20 years of experience in luxury consumer goods, I don't necessarily see myself as a newcomer to the hotel amenity business, but rather s...
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Global Wellness Summit Releases In-depth Report, "Eight Wellness Trends for 2019"

Hospitality Net - January 29, 2019 - 6:37am
When 650 wellness experts from 50 nations gather to debate the future of wellness, a uniquely informed and global view of trends unfolds. That's what transpired at the recent Global Wellness Summit (GWS), which brought together leaders from the medi...
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Hotel Preventive Maintenance: The Essentials | By Lillian Connors

Hospitality Net - January 29, 2019 - 6:13am
The 80/20 ruleIn the hospitality industry, there's an unofficial rule which recommends that any hotel should strive to increase their preventive maintenance operations and minimize corrections of failures by the following ratio - 80 percent for plan...
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Second Radisson RED in Miami, Florida

Hospitality Net - January 29, 2019 - 4:28am
Radisson Hotel Group announced the signing of its second Radisson RED in Miami, Fla. The new-build hotel, located at 900 SW 2nd Avenue, will feature 180 guest rooms, along with the brand's signature amenities. Guests can unwind at the rooftop r...
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Lowe Launches CoralTree Hospitality Group Led by President Thomas Luersen

Hospitality Net - January 29, 2019 - 4:15am
Lowe, a national real estate investor, developer and manager, announced today that it has formed a new, wholly-owned hotel and resort management company, CoralTree Hospitality Group. Led by senior executives who built their hospitality careers at Lo...
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Outrigger Announces Transition to Outrigger Hospitality Group

Hospitality Net - January 29, 2019 - 3:51am
Outrigger Enterprises Group today announced the brand's official name change to Outrigger Hospitality Group in unison with a company-wide initiative that restructures its multi-branded portfolio and further solidifies its position as a worldwide lea...
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Merging Art & Tech in Spokane: Ruby Hospitality Chooses StayNTouch's Cutting-Edge Mobile PMS

Hospitality Net - January 29, 2019 - 2:43am
StayNTouch, a mobile hotel PMS technology provider revolutionizing the guest experience, is partnering with Ruby Hospitality to implement Rover PMS and Zest guest-facing solutions across all five of their Spokane, WA area properties.Ruby properties ...
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Who Will Benefit From the Digitization of the Hotel Industry? | By Georges Panayotis

Hospitality Net - January 29, 2019 - 2:43am
The notions of the "money back guarantee", "exchangeable product" and sales were invented at Le Bon Marche department store. Nearly 200 years later, Black Friday has become a global institution, and no customer can imagine not being able to exchange...
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Earned and Unearned Revenues - Understanding the Difference | By David Lund

Hospitality Net - January 29, 2019 - 2:42am
Just like baseball has an unearned run as a scoring feature, in business we have unearned revenues. In this piece I will discuss the difference between earned and unearned revenue and how it applies to the hospitality business.First off though we ne...
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Hotel Franchise Agreements: What happened to my Area of Protection? | By Robert Braun

Hospitality Net - January 29, 2019 - 2:41am
Before the mergers and acquisitions, new brand launches, and the development of soft brands, a hotel chain typically had a few iconic brands in each chain scale that customers could easily recognize and differentiate from the competition. Guests cou...
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