The New Normal for the Way Ahead – By Tim Dick & Shiv Hira
As the 2022 budget season progresses, CBRE’s Hotels Advisory professionals surveyed 130 industry leaders around the U.S. regarding concerns facing the hotel industry.
Could Marriott Settlement Be the End of Resort Fees? – Travel Weekly
Whither resort fees? That is the question on the minds of consumer advocates, hotel industry observers and guests following Marriott International's settlement with the Pennsylvania attorney general's office that requires the company to include resort fees in the advertised room rate.
Wasserturm Hotel Cologne Joins Curio Collection by Hilton
Hilton (NYSE: HLT) announced the opening of the Wasserturm Hotel Cologne, Curio Collection by Hilton, housed in what was once the tallest water tower in Europe.
FAUCHON L’Hôtel Riyadh Announced
FAUCHON Hospitality has signed its third property to be located at the Diriyah Development in Riyadh, Saudi Arabia.
The Role of Hotel Software Technology in the Post-COVID World
In the post-COVID world, people still expect human interaction in hotels, but contactless services have taken center stage. From check-ins and checkouts to payments and many other benefits, contactless technology has helped minimize interactions and reduce/eliminate physical touchpoints. Hoteliers should adopt the latest hotel software technology to reignite customer loyalty, increase bookings, and generate more revenue in the post-COVID world.
Waterstone Resort & Marina Boca Raton Sold
Newbond Holding announced the acquisition of the Waterstone Resort & Marina Boca Raton. This transaction marks Newbond's second Florida hotel investment following the firm's official launch earlier in the year.
Muir Autograph Collection Hotel Opens in Halifax, Nova Scotia
Muir, Autograph Collection, officially opens its doors on December 10, 2021. Located in the new Queen's Marque district on the Halifax Waterfront in the absolute centre of downtown, Muir is the first hotel in Nova Scotia to join Autograph Collection Hotel.
STR Reports Recovery of U.S. Hotel Profitability Stalled in October
U.S. hotel profitability increased from the previous month on a per-available-room basis but was down when indexed to 2019, according to STR‘s October 2021 monthly P&L data release.
U.S. Gas Prices Retreat on Fears of COVID-19 Resurgence
Pump prices continue to tumble as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel—a price not seen since August. Also helping to ease upward pricing pressure was the decision by OPEC and its oil-producing allies not to cut production. The national average for a gallon of gas dipped 4 cents on the week to $3.35. For consumers, gasoline prices were last this low on October 20.
Omicron Threatens Hotel Performance Recovery – By David Eisen
Omicron—the newest variant that has already spooked markets and caused travel bans from some southern Africa countries. Though nascent, there is the reality and worry that the new strain could derail the hotel industry’s fledgling recovery, in particular if plans move forward to tighten testing policies, like in the U.S. Indications are that future hotel bookings, meetings and other hotel-related activity will be impacted by the presumed expectation of future travel impediments, whether self-imposed, company-imposed or government-mandated.