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Today’s hospitality markets have new challenges to overcome—especially resorts. No sooner have they begun to regain marketshare in a post-pandemic world when an economic recession is causing guests to become more cautious of where and when they spend their money and time. The good news is that they continue to spend.
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.
Tonetto previously held several senior commercial roles with Starwood Hotels and Resorts and Marriot International across Asia, Australia, and the Pacific region. She returned to Australia in late 2022 after a 7-year tenure in Macau, as the General Manager Sales and Marketing for Sheraton Grand Macao and The St.
In HM ’ s 2024-2025 Hotel Development Outlook, EVT Director of Hotels and Resorts, Norman Arundel, talks flexible management models, responding to market shifts and managing volatility. 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 experienced marketing professional will be responsible for driving strategic marketing and innovation across the group’s 47 hotels in the ANZP region – encompassing 16 brands in six countries – working closely with hotel teams. years as Director of Marketing.
Hospitality management, acquisition and development company PCH Hotels & Resorts has expanded its services to include third-party hotel management services for additional ownership groups. ” With 200 years of combined operational experience, PCH leaders have been involved with more than 500 properties, according to the company.
We have led consistently the biggest marketshare for the last 36 months, translating to a commendable 15% growth on our African portfolio, year-on-year, placing us well on track to reach our objective of 150 hotels within the next five years from 100 hotels today,” Rankoussi said. The 104-room hotel is scheduled to open early-2025.
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. Neerav Gorasia has been promoted to Director Hotel Performance for Pro-invest Hotels.
SiteMinders platform converges the critical capabilities of distribution, revenue optimisation and intelligence, to make hotels as dynamic as the travel environment in which they operate. It is used by 2.5 million hotel industry professionals to make informed technology purchasing decisions each year.
” 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. cities and ski resorts, while Sofitels upcoming renovation in New York is set to enhance its presence in the luxury market.
Tonetto previously held several senior commercial roles with Starwood Hotels and Resorts and Marriot International across Asia, Australia, and the Pacific region. She returned to Australia in late 2022 after a 7-year tenure in Macau, as the General Manager Sales and Marketing for Sheraton Grand Macao and The St.
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.”
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.
Acting sustainably helps hotels not only drive revenue, but can also help reduce operational expenses. Simple changes like implementing a towel and linen reuse program or swapping out traditional lightbulbs for LED lights can add up to sizable savings on a hotel’s operating costs while creating a more sustainable environment.
Pivot , the lifestyle operating vertical of Davidson Hospitality Group , has been selected by Kushner Companies to operate the Wave Resort and The Bungalow. of event space, and three distinct dining experiences. “We We are honored to welcome these exceptional properties to our growing family,” said Rick Colangelo, EVP, Pivot.
In this role, she will spearhead the company’s revenue management strategies, driving profitability and marketshare growth across EOS’ portfolio. The company currently operates more than 50 hotels and resorts, totaling more than 7,000 keys across the U.S.
Strebel, a two-time CEO, was the chairman of Omni Hotels & Resorts in his last role, providing strategic counsel to the company before serving as the company’s former president, chief marketing officer and SVP, sales. I would also like to take this opportunity to thank Chinmai for his leadership and belief in RateGain.
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. For the first half of the year, ended June 30, IHG reported a 24% year-over-year RevPAR increase.
She was previously chief revenue officer for the New York-based hospitality company, which owns and operates 26 hotels in the U.S. Loews Hotels & Co has promoted Monica Xuereb to the role of chief commercial officer (CCO). and Canada.
This guide will explore how hotel business intelligence operates, why it matters, and how it can boost your hotel management. Smoother Operations: Spot and fix problems in your work process. How Business Intelligence Transforms Hotel Operations Hotel business intelligence can change many aspects of your hotel operations.
Hotel operator HEI Hotels & Resorts has added the Doubletree by Hilton Atlanta-Roswell and DoubleTree by Hilton Atlanta – Alpharetta to its portfolio, bringing the total number of hotels managed in the metropolitan Atlanta market to 14. Both properties are owned by The RADCO Companies. “We
Overall, both presenters agreed ChatGPT will revolutionize the hospitality industry by transforming the way hotels handle customer service and internal operations. “We We are gaining marketshare on the OTAs with the simple introduction of Chat GPT solutions,” said Crocombe. How do you handle that?”
“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.
Last year was a good year for portfolio growth, marketshare gains (+3% RGI), profit margins (+5%), guest experience gains (+36% in brand top quartile ranking) and improvement to employee engagement and retention (+18%), the company reported. Taylor Hall was named VP, operations. Alyssa Quezada was named VP, commercial strategy.
Oracle has revealed plans to bring its Oracle Hospitality OPERA Cloud Property Management System (PMS) to 2,000 additional hotels under the Wyndham Hotels & Resort s portfolio by the end of next year.
Resorts were the only location type to register RevPAR gains in February. Resorts outperformed all other location types, posting the only gain, up 0.9% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit. Food for thought Short-term rentals continued to take marketshare in February.
We are also proud to further entrench our stance as the operator with the most extensive presence in Africa with once again a new market entry as the only hotel operator.” The post Radisson reports strong growth across brands appeared first on hotelbusiness.com.
Wyndham Hotels & Resorts , for the third quarter ended Sept. Our economy brands gained marketshare domestically amidst a backdrop of normalizing U.S. economy brands gained marketshare of 100 basis points in the third quarter. 30, reported a record-high development pipeline of 1,930 hotels.
. "The advantage of home-grown mid-segment brands is their ability to deliver customized services instantly based on guest needs," notes Akanksha Garg, Founder Director of Waxpol Hotels & Resorts. With a projected market value of US$ 47.50 Of this, 53% were in tier 3 and 4 cities."
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). The move marked a significant milestone as HE built a regional team of experts in market and implemented its operational platform in Canada.
A partnership between KML and Sequel Hotels and Resorts, the WITH Summit has become the meeting place for individuals and companies committed to advancing women in the tourism-and-hospitality industry while creating an inclusive and diverse workplace.
I have to share with you a funny story to budgeting with you. So we are working with many different hoteliers, and in this case, it pertains to the management of a resort. Hotels in vacation markets for many have been influenced (indoctrinated) by tour operators on how to manage their property.
Wyndham Hotels & Resorts , for the three months ended Sept. 30, reported global RevPAR grew 1% in constant currency versus the same period last year, reflecting a 1% decline in the U.S. and 7% growth internationally. Net income was $102 million, a 1% decrease over the prior-year quarter. RevPAR In the U.S.,
Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair marketshare: with more hotels forecasted to open every year , gaining a fair marketshare will become more difficul t each year.
billion for 2023, with our top three companies (Marriott Hotels of Canada, Four Seasons Hotels and Resorts and Accor Hotels North & Central America) accounting for an estimated $8.8 Four Seasons Hotels and Resorts reported estimated gross sales for 2023 of $3.3 billion of that total. billion in 2022. billion, up from $3.09
Learn how they indulge in luxury hotel marketing by providing premium services that speak for themselves. Today, its operations are spread across 124 properties in 47 countries — and it’s showing no signs of stopping if the plans of expansion are anything to go by. Rewards program: IHG Rewards 5. and Rwanda. Mediaboom is here to help.
He is responsible for running the European Hotel Capital Markets team, which spans across all the major markets of Europe, covered by a team of 50 sector specialists. 1 marketshare for the sector as rated by RCA for 2019 and 2020. He was rapidly promoted to Managing Director in 2017.
In the hospitality industry , successful high-end brands promote sustainability by implementing similar practices, ensuring their operations align with eco-conscious and ethical standards. Experience is an extremely valuable marketing tool as well.
A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and marketshare. It also covers your music, accent and attitude, promotional campaign, and any social media or marketing emails to gain loyal customers. Each of these transmits a signal. Think about it!
Marketing Director and Host of the Suite Spot Ryan Embree sits down with a very special guest, Chief Operating Officer of Davidson Hospitality Group, Pete Sams! He’s Chief Operating Officer at Davidson Hospitality Group, Pete Sams. Second act, I guess was operations and general manager. Welcome in. Pete Sams: Yes.
For example, there are luxury hotels, boutique hotels, all-inclusive hotels, casino properties, spas, and lifestyle resorts. Every hotel has its own business mission, essential marketing, and unique selling proposition. Marketshare index A marketshare involves determining your hotel’s performance against your competitors.
No doubt about it: social media is one of the most crucial tools in any hotel’s marketing strategy for promotion and advertisement. As a lodging operator, you can showcase your property’s features and services and interact with guests and potential guests through various social channels. Content marketing. Acquisition.
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