Mon.Jul 22, 2024

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Selina Collapses in Liquidity Crisis, Seeks Buyers

Skift Blog

Skift Take: Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.

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STR Weekly Insights: 7-13 July 2024

Hospitality Net

Hotel performance declined more than expected with the greatest decrease taking place at the beginning of the week (Sunday-Tuesday) and the greatest impact occurring in the Top 25 Markets. A similar pattern was seen in 2019, which followed the same day-of-week calendar, although the decline this year was much more severe. In both 2019 and this year, the impact of July 4th occurring on Thursday reverberated into the following week, particularly the first couple days.

Market 279
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Business Travel Bounces Back: Spending Forecast to Hit Record

Skift Blog

Skift Take: Business travel is roaring back, with global spending projected to surpass pre-pandemic levels in dollar volume this year. Face-to-face wins.

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4 tips to grow direct revenue with a data-driven culture

Hospitality Net

We’ve witnessed success from hoteliers and hospitality professionals alike who prioritize a data-driven culture. Our Hotel Moment podcast dives into those success stories, and it’s from those conversations that we bring you four tips from industry leaders who have grown their business by prioritizing the data they collect.

Revenue 278
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Beyond the Basics: How to Develop and Retain a Top-Performing Sales Team

Speaker: Brendan Sweeney, VP of Sales at Allego

Maximizing sales rep performance is no easy task. 📈 Traditional sales training methods focus heavily on the first few weeks in the sales role. Companies dedicate time, resources, and budget to onboarding new hires, only for them to forget what was learned in those first few weeks, lose motivation, and struggle to come to grips with their role.

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CoStar: Asia Pacific and the Americas Show Increase in Hotel Pipeline Activity

Lodging

WASHINGTON—Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. June 2024 (Percent change in comparison with June 2023): Europe Among countries in the region, Germany (27,302) led in construction activity, closely followed by the United Kingdom (25,312).

Pipeline 259
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Blended Travel as a Huge Growth Opportunity with Words of Wisdom from Marriott

Hospitality Net

Call it bleisure or hybrid travel; then look at emerging segments like the work-from-anywhere digital nomads or workcations. Overall, the hotel industry for the rest of the 2020s will see a demise of the days of wholly separated meeting and events (M&E) and leisure travel segments, giving away to a mixture of the two as travel becomes more experiential and purposeful.

Travel 264

More Trending

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Costa Sur Resort, Classico Collection by Sonesta Opens in Puerto Vallarta

Hospitality Net

Sonesta International Hotels Corporation (Sonesta) today announced the opening of Costa Sur Resort, Classico Collection by Sonesta. The 206-room, upper-upscale property is located on a private beach overlooking the Pacific Ocean at Banderas Bay, south of Puerto Vallarta, Jalisco, Mexico. The resort sits atop a protected lagoon and is minutes away from local attractions, including The Malecón boardwalk, The Church of Our Lady of Guadalupe, Zona Romántica (Old Vallarta), and Rio Cuale Island.

Resorts 262
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Japan’s 35 Million Tourist Bonanza in 2024: Great for Business, Not So Much for Overtourism

Skift Blog

Skift Take: The weak yen has definitely boosted Japan's tourism industry, but as the country rides this wave of visitors, it’s going to be a tightrope walk — balancing the economic gains with the realities of overtourism.

Tourism 253
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Equinox Hotels And NEOM Announce Equinox Resort Treyam In Magna, The Coast Of NEOM

Hospitality Net

Equinox Hotels, a revolutionary leader in high-performance luxury hospitality, is proud to announce plans for the opening of Equinox Resort Treyam, one of Magna’s twelve destinations, located on the coast of the Gulf of Aqaba. Magna’s destinations, including Treyam, are part of NEOM, the evolving regional development, taking shape in northwest Saudi Arabia.

Resorts 262
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Spending by Foreign Tourists Soars, India’s Latest Economic Survey States – India Report

Skift Blog

Skift Take: Despite the gains, international travel continues to remain a pain point for India's tourism sector. The Economic Survey, which precedes presentation of the Indian Budget, has emphasized on the recovery of this segment for India. It could indicate a higher allocation to the tourism sector in the Budget set to be presented on Tuesday.

Tourism 243
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Robots? In My Hotel? Three Ways AI is Stepping Up as Hospitality’s Next Great PMS Support Tool

Hospitality Net

Where did all of these robots come from? While hospitality may seem like the last place you might expect to find Artificial Intelligence, this technology has significantly impacted how hoteliers do business. While most generative AI today reacts to text prompts, it will soon rewrite the rules for hotel operations. Properties of all sizes, branded and independent alike, will benefit from automation taking over repetitive, mundane tasks — but our industry often struggles to explain how this will p

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Delta’s Meltdown Enters Day 4 After IT Outage

Skift Blog

Skift Take: Delta entered another day of massive flight disruptions after an IT outage just days earlier overwhelmed its crew scheduling system.

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Lower volume, more satisfaction: Insights on Guest Experience 2nd Quarter 2024

Hospitality Net

The Shiji Guest Experience Benchmark Report for Q2 2024 offers a comprehensive look into guest satisfaction trends and review dynamics. This report is crucial for hotel operators and technology vendors aiming to enhance their service quality and customer engagement.

Services 260
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New Research: Understanding the Hidden Costs of Direct-to-Consumer Retailing

Skift Blog

Skift Take: In today’s rapidly evolving travel landscape, the trend toward direct-to-consumer (DTC) models has brought both opportunities and challenges. A new report from Travelport delves into the complexities and nuances of this shift, making a case for modern retailing that puts the consumer first.

Retail 221
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Diving into Diversity: Decoding the Foundations of Inclusion in Hospitality Talent Acquisition

Speaker: Lauren Fernandez - CEO & Founder, Full Course

Companies all over the world, including Marriot International and Hilton Worldwide, are aware of the value of including DEI in their talent acquisition strategy. However, despite these initiatives, there is still plenty that the hospitality sector can do to promote DEI. When comparing the hospitality industries in India, Iraq, the UK, and the US, you will see that there is a consistent underrepresentation of persons from different ethnic, gender, and disability origins across all levels of the i

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Formula 1 races are shifting hotel performance into high gear in 2024

Hospitality Net

Set on a global stage, Formula 1 spans across multiple continents, with 12 of the 24 races so far this year having taken place on F1’s biggest ever calendar. We take a look at how host market hotels performed during this year’s races and what occupancy on the books looks like for races set for later this year.

Occupancy 259
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Kimpton Claret Hotel Opens in Denver’s Belleview Station Neighborhood

Lodging

DENVER, Colorado—Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, announced that Kimpton Claret Hotel officially opened. In the Belleview Station neighborhood, Kimpton Claret Hotel is a pioneer property for residents and visitors seeking a familiar hospitality experience in South Denver. “We are excited to open our doors as the first lifestyle boutique hotel in this area,” said Kimpton Claret General Manager Keith Siebenaler.

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How to be a Hotel Buyer Rather than Merely a Hotel Bidder

Hospitality Net

When someone values a hotel, they are generally attempting to estimate its “Market Value.” My newsletter this month will focus on the term “Market Value” and provide insight as to what this term really means during a sales transaction.

Sales 258
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Accommodating Feather-Free Requests and Allergy Concerns

Lodging

While research sponsored by the National Institutes of Health has determined that feather allergy is very rare, many individuals suffer from adverse health effects from products that incorporate feather materials. According to the Mayo Clinic, feather duvet lung or hypersensitivity pneumonitis is a lung problem caused by sensitivity to antigen from feathers in duvets and pillows filled with duck or goose feathers.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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Springhill Suites Jackson Hole Unveils Property-Wide Transformation

Hospitality Net

Featuring an impressive collection of original artwork, the 121-room property completes eight-month refresh of all guest rooms, lobby, common areas and meeting spaces.

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AHLA Issues Statement About NYC Council Bill

Lodging

WASHINGTON—American Hotel & Lodging Association (AHLA) Interim President and CEO Kevin Carey issued the following statement after the introduction of a New York City Council bill that would make hotels abide by operational mandates to stay in business. “This abrupt and destructive bill would permanently alter how hotels operate and threaten the jobs of thousands of New Yorkers,” said Carey.

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Minor Hotels to Debut the Tivoli and NH Hotel Brands in Northwest China

Hospitality Net

In a significant development for the hospitality sector in Northwest China, Minor Hotels (China) is announcing the official signing of a Tivoli and NH dual-branded property in Yining, Xinjiang. This marks the debut of the luxury Tivoli Hotels & Resorts and upscale NH Hotels & Resorts brands in Northwest China. Upon opening in 2026, the project is expected to welcome guests from around the globe.

Branding 254
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Meetings and Events with a Difference at Oaks Cypress Lakes Resort

Hotel Management

Nestled in the heart of the Hunter Valley, just a two-hour drive from Sydney or an hour from Newcastle Airport, Oaks Cypress Lakes Resort offers a unique blend of natural beauty and crowd-pleasing events, meetings and conference facilities. The resort’s idyllic setting, surrounded by over 150 premium wine producers, boutique breweries, and gourmet local produce, provides the perfect backdrop for any event, from intimate corporate retreats to grand conferences and gala events.

Events 130
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A Buyer’s Guide to Future-Proofing Your Restaurant Tech Stack

The race to 100% digital is on. With the restaurant industry still in the early innings of its digital transformation, brands need an airtight strategy when it comes to building out their tech stack. Download the buyer’s guide to learn where to prioritize your efforts and get the most out of every investment.

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HQ Announces Investment from Amex Ventures to Accelerate Growth of Corporate Mobility Platform and Expand Globally Across the Travel Industry

Hospitality Net

HQ, an industry-leading global enterprise solution for corporate ground transportation (mobility), announced today that Amex Ventures has made an investment to help accelerate the rollout of enhancements to its mobility platform, targeting both large enterprises and small to medium-sized businesses (SMBs). The announcement was shared at the GBTA 2024, a premier global event for the business travel industry in Atlanta, Georgia.

Travel 250
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Comprehensive financial strategies for modern hoteliers

eHotelier

Hotel financial planning is inherently a fast-paced, complex process. From seasonality to evolving consumer preferences, many extraneous factors affect hotel revenue. To stay competitive, you have to keep up with these factors by employing financial tools and strategies.

Consumer 105
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Hotelogix implements e-Invoicing for Tanzania hotels

Hospitality Net

Singapore, 23/July/2024: Hotelogix, a globally leading cloud-based hospitality technology provider, has implemented e-Invoicing for Tanzania hotels through a Virtual Fiscal Device (VFD) vendor. With this, hospitality entities in Tanzania using Hotelogix Hotel Property Management System (Hotel PMS) can issue digital tax documents to comply with Tanzania Revenue Authority (TRA) guidelines.

Revenue 246
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The Publisher hotel opens in Virginia

Hotel Business

Hospitality management company Greenwood Hospitality , an affiliate of Hotel Equities , has opened The Publisher, a Tribute Portfolio Hotel, located in Fredericksburg, VA. Built and owned by Fredericksburg-based Vakos Companies , The Publisher Hotel is located near the home of George Washington’s mother, Mary Washington, and the Lewis/Washington family farm.

Occupancy 105
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ABM Success Recipe: Mastering the Crawl, Walk, Run Approach

Shifting to an account-based marketing (ABM) strategy can be both exciting and challenging. Well-implemented ABM motions build engagement with high-value accounts and drive impactful campaigns that resonate with your audience. But where do you begin, and how do you progress from crawling to running? Watch now as Demand Gen experts delve into the essentials of each stage of the ABM process.

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HITEC Rewind: Roland Smith of SALTO Systems on Biometrics and AI in Hospitality

Hospitality Net

At HITEC 2024, Simone Puorto interviewed Roland Smith, Hospitality Industry Leader at SALTO Systems. They discussed the latest advancements in access control technology, the role of biometrics, and the impact of AI in the hospitality industry. This interview is part of our HITEC 2024 series, bringing you key insights from industry leaders.

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Maximizing Profitability: Revenue Growth vs. Operational Efficiency

Demand Calendar

Imagine your hotel facing a forecast predicting a significant dip in bookings for the coming quarter. Do you rally your marketing and sales teams to launch innovative campaigns aiming to change the forecasted future? Or do you streamline your operations, optimizing every cost to ensure profitability despite the lower revenue? In this blog post, we'll explore these two fascinating scenarios, exploring their benefits and hurdles from a hotel management perspective.

Revenue 85
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Hoteliers win as NLRB withdraws joint-employer appeal

Hospitality Net

American Hotel & Lodging Association (AHLA) Interim President & CEO Kevin Carey released the following statement today after the National Labor Relations Board (NLRB) withdrew its appeal of a federal court ruling blocking its joint-employer final rule. That rule would have made it easier for the NLRB to declare joint-employment status in business relationships and allowed unions to organize by company rather than property by property.

Business 203
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WASHLET from TOTO – a revolution in the bathroom

Hotel Designs

Hotel Designs WASHLET from TOTO – a revolution in the bathroom WASHLET from TOTO – a revolution in the bathroom In 2009, TOTO introduced its top-trending WASHLET shower toilet in Europe – starting a revolution in the bathroom… In 2009, Japanese sanitary expert TOTO gave visitors to ISH, the world’s leading trade show for the bathroom industry, a warm welcome – this was the brands first time at the Frankfurt show, and it had a decisive product in their portfolio: WASHLET.

Market 81
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Beyond The Meeting Room: Luxury Magazine Resource

Escape into a world of luxury and dive into the future of tech, fun takes on the American pastime, and many inspirational individuals. With engaging reports on fashion, food, travel, finance, sports, and more, download now and enjoy the read!