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Skift Take: TUI's ability to move beyond its safe middle-market playground through an expanded luxury offering came under the spotlight at the Skift Future of Lodging Forum. Ultimately, a brand's marketshare is way more than customer segments — it's really rooted in experience and value.
One of the things that stood out to me when I first interviewed Stan Kennedy , Chief Operating Officer at Remington Hotels, was a brand performance team they assembled in the early days of the pandemic recovery to help turn around hotels that were struggling or in transition. We needed a system that was sustainable.
Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, has expanded its executive team with the promotion of Cory Chambers to EVP, chief commercial and analytics officer. The company also promoted Maggie Rosa to VP, operations. at hotels ranging in size from 300 to 1,300 rooms.
EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia. On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
Hilton said the role is “pivotal to achieving commercial targets and expanding marketshare across Australasia as Hilton continues to grow its portfolio in this crucial region”. “We Café – the first of the brand- and, most recently, led the team at Vibe Hotel North Sydney.
Faced with persistent labor shortages, increased price sensitivity from travelers, and a rising marketshare for branded hotels which now represent 72% of all US hotels independent operators must sharpen their strategies to stay ahead.
A strong hotel brand is the cornerstone of enduring success. In fact, a strong brand can increase revenue by up to 23%. Investing in hotel branding is a strategic decision that can yield substantial returns. A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and marketshare.
During Intercontinental Hotels Group ‘s (IHG) first-half results presentation, Elie Maalouf, CEO, IHG Hotels & Resorts , revealed that the company will soon launch a new brand targeted at midscale conversion opportunities. market alone. Q2 RevPAR was up 9.9% compared to the same period of 2019. .”
Bazin highlighted the significant transformation the company has undergone over the past eight years, growing from 14 brands to 47. ” The CEO added that the company’s diverse brand portfolio, strong marketshare and vast global network of owners and partners have positioned Accor well for continued success.
By achieving this expansion and delivering operational excellence, we will continue to build strong relationships with our hotel owners and attract and retain top talent across our EVT Elevate program. We consistently match, and often exceed marketshare and guest satisfaction standards set by global hospitality businesses.
EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia. On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
The latest signings will see a new market entry in Gambia and the introduction of the first Radisson Collection in Nigeria and Egypt, the first Radisson RED hotel in Nigeria, and the introduction of the Radisson brand to Kenya. Radisson Blu Hotel Abuja CBD will be the first Radisson Blu hotel in Nigeria’s capital city.
“Historically, we have provided third-party hotel operations services for a select group of hoteliers, but as the market continues to rebound post-pandemic, we believe now is the time to begin offering our services to a larger pool,” said Jim Buckalew, chairman/CEO, PCH Hotels & Resorts.
Marriott appoints Area Director of Marketing for ANZP Marriott International has appointed Deb McDiarmid to the position of Area Director of Marketing – Australia, New Zealand and Pacific. years as Director of Marketing.
Within this exclusive realm, one name reigns supreme — Rolex, a timeless icon that commands a quarter of the total global luxury marketshare. These brands, with their rich histories and unique watchmaking philosophies, have achieved horological excellence. Luxury Brand Ranking Country Website 1.
PHM also has agreed to operate two under-construction hotels in Texas: a dual-branded TownePlace Suites by Marriott and Fairfield by Marriott in Paris and a TownePlace Suites by Marriott in Forney.
BWH Hotels operates 10 hotels in the region, and a growing pipeline of properties, under 19 brands. President of WorldHotels and International Operations for BWH Hotels, Ron Pohl, welcomed Dong to the new position. “I have no doubt under his leadership the company will prosper.”
In recent years, the emergence of rapidly growing domestic mid-segment hotel brands has significantly transformed the country's hospitality landscape. Although relatively young and small, these brands have captured the attention of domestic travelers, controlling about 60% of the total branded rooms available in the country.
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Hilton said the role is “pivotal to achieving commercial targets and expanding marketshare across Australasia as Hilton continues to grow its portfolio in this crucial region”. “We Café – the first of the brand- and, most recently, led the team at Vibe Hotel North Sydney.
Radisson Hotel Group continued to lead on its growth and expansion plan in the first half of 2023 focused on strategic geographical expansions and a new brand architecture with the addition of the art’otel brand, which offers a unique value proposition to owners and guests that blends art with a lifestyle experience.
The annual report covers the independent boutique, lifestyle hotel and soft brand collection segments in the United States. At 18 per cent annually, soft brand collections increased hotel rooms at the fastest pace since 2017. It includes: • Definitions of lifestyle, soft brand collections and independent boutique hotels.
In the newly created dual role, Svensson will take charge of operations at W Melbourne whilst also having oversight of all of Marriott’s luxury properties in Australia, including under the The Ritz-Carlton and W Hotel brands. Marriott International are masters of luxury.
He was responsible for guiding the company through the pandemic crisis, leaving the brand in a prime position to capitalize on the rebounding trends and changes in the industry. His experience in leading operations, sales and marketing will be critical for us to drive more well-rounded growth as we aim for our next big goal.
In fact, quite the opposite, with a flurry of new consolidations announced this year and big brands such as Choice Hotels, Benchmark and many more all keen to sign on the dotted line and seal the deal. Compared to other sectors, however, the industry is still highly fragmented, without a single brand having significant global marketshare.
We use a matrix of five key measures to access a hotel for potential investment, including bottom-line performance, flow through, retention marketshare, RevPAR to market and guest-satisfaction scores,” explains Jeff Hyslop, senior VP, Asset Management and Investment, InnVest Hotels. We also factor in renovation costs.”
First Hospitality , a national hotel operating, management and development company, has appointed Nadia Panasyuk to VP, revenue strategy. She develops and implements strategic revenue management initiatives to maximize overall room revenue, profit and marketshare for all properties.
Of equal, if not greater importance to us, we received extremely positive responses from our annual owner, brand and associate satisfaction surveys. on a scale of 1-10) likelihood to recommend others to work for HVMG, while its brand partners recorded a 98% likelihood to recommend HVMG as a franchisee and/or manager.
Third-party management company Island Hospitality Management has promoted Susanne LoFaso to regional director of operations. In her new role, she oversees the company’s Hilton- and Marriott-branded hotels throughout the New York and Illinois regions, as well as provides acquisition support.
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He added, “InnVentures’ success is built upon its distinctive brand of operational excellence, optimizing e-commerce strategies to maximize revenue management and a strong, onsite direct sales team. This mix is what has propelled our hotels to increase their marketshare approximately 15% above the industry average.”
She was previously chief revenue officer for the New York-based hospitality company, which owns and operates 26 hotels in the U.S. and Canada. As CCO, Monica will continue to leverage a data and analytic-driven strategy, which she spearheaded, to foster superior performance.”.
“The truth of the matter, however, is that we actively and eagerly provide third-party operating services for all hotel owners, and we feel relaunching as a standalone entity helps clarify that. Aperture currently operates more than 2,000 rooms across 15 hotels and resorts.
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, has expanded its leadership team after adding nine hotels to its portfolio in the first half of the year. It has grown consolidated marketshare in seven of the past eight years. and Starwood Hotels and Resorts.
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In his new role, Presley aims to grow the WaterWalk brand by cultivating relationships with existing partners and developing new regional and national connections through REITs and joint-venture partnerships, according to the company. Since the beginning of 2023, WaterWalk has opened three new properties under its Gen 2.0
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Our economy brands gained marketshare domestically amidst a backdrop of normalizing U.S. We remain focused on our growth strategy, which includes continued system expansion through our ECHO Suites by Wyndham brand and further improvements in franchisee retention, as well as the multiyear benefit expected from the U.S.
Located from Florida to California, the 12 new properties are comprised of Hilton-, Marriott- and IHG-branded hotels, as well as some independent flags. “We To accommodate its growth and drive operational execution, Aperture added multiple corporate executives over the past year. Taylor Hall was named VP, operations.
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Many hotels have mitigated some of these costs through long-term contracts, but with further rises anticipated, this remains an area of focus for operational strategies. The squeeze on operating expenses has been significant. However, this market appears to be reaching a saturation point.
Furthermore, by receiving the reservation’s Virtual Credit Card (VCC) details in the PMS, hotels can streamline the payment process, improving operational efficiency and guest satisfaction. Metasearch presents room rates across different hotels and channels to allow consumers to compare prices.
“The need for agility, innovation, and a strong understanding of local, regional and global trends is more critical than ever,” says Martin Stitt, SVP of Operations, Hotel Equities (HE). Its Canadian portfolio showcases properties ranging from full-service hotels to limited-service and extended-stay brands. and Canada.
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