Kathakali Nandi - 10 Minutes News for Hoteliers - Page 2

2 min

Corinthia Hotels to venture into Dubai with luxury hotel, residences tower

```html 🏗 ``` Corinthia Hotels, in collaboration with Dubai General Properties, is developing a 500-metre-tall mixed-use skyscraper on Sheikh Zayed Road near the Museum of the Future in Dubai. The two-tower structure, connected by a sky lobby 200 metres above ground and designed by AtkinsRéalis, will host the five-star Corinthia Dubai hotel, serviced penthouses, and apartments. The property boasts the world's highest outdoor pool over 500 metres, multiple pools, five restaurants, bars, a private club, and a 330,000 square metre event space with panoramic views. Completion is targeted for 2030.

2 min

Concord Hospitality celebrates 40 years in business

🏨 Concord Hospitality, founded in Ohio in 1985 and now based in North Carolina, marks its 40th anniversary. It manages over 140 hotels, with plans to oversee 145 hotels and nearly 24,000 rooms across 25 U.S. states and two Canadian provinces by January 2025. In 2024, The Westin Atlanta Gwinnett opened, adding 348 rooms. Concord achieved a J.D. Power satisfaction score surpassing 700 points. They will open 14 hotels and six restaurants in 2025 and celebrate their anniversary with several events.

2 min

Hotel staffing shortages persist despite pay hikes, new perks

🏨 Nearly two-thirds (65%) of U.S. hotels report staffing shortages despite wage increases and new incentives, per an AHLA and Hireology survey. Hotel employment remains 10% below pre-pandemic levels. Staffing shortages dropped from 76% in May 2024 to 65% by year-end. "Severely understaffed" hotels decreased from 13% to 9%. Over 70% of hotels have vacancies, averaging six to seven unfilled positions, with housekeeping roles (38%) being the hardest to staff. To attract staff, 47% of hotels raised pay, while others offer flexible scheduling (20%) and hotel discounts (13%). The survey collected responses from 282 hoteliers between December 6, 2024, and January 3, 2025.

2 min

Mandarin Oriental to open residences, resort in the Caribbean

🏖️ Mandarin Oriental Hotel Group's first Caribbean resort, Mandarin Oriental Residences, Grand Cayman, broke ground earlier this month and is expected to be completed by early 2028. Developed by Melkonian Capital Management and RAL Companies, this ultra-luxury project includes a 91-key resort and 42 residences priced at $6 million each. Over 40% of the residences were sold through word of mouth before the public sales launch. Set on 70 acres with 2,700 feet of oceanfront, the residences offer ocean views, private terraces, and access to amenities like a spa and infinity pools. The group operates 41 hotels, 12 residences, and 26 homes in 26 countries.

4 min

U.S. select-service, extended-stay hotels are beating inflation and delivering strong returns, finds JLL

🏨 RevPAR reached a record $78 in 2024, a 14% increase over 2019. Demand surged by 232,000 room nights year-over-year, nearly recovering to 2019 levels. In 2025, room night demand for select-service and extended-stay properties is projected to hit 1.02 billion, a 16% increase above the 2001 average. GOP margins in 2020 for these hotels were 26%, 11 percentage points above full-service hotels. Between 2000 and 2024, the number of brands grew from 184 to 214, and branded hotel supply nearly doubled to 3.3 million rooms. In 2024, Oyo acquired G6 Hospitality for $525 million. The select-service and extended-stay sector attracted $62.6 billion in investments since 2021, with a 19% decrease in 2024 but still nearly half of the U.S. hotel investment volume. In 2024, the sector's average deal size was $17 million, and loan origination volume reached $18.2 billion, a 6.4% increase. The Federal Reserve began rate cuts in September 2024, which could spur a rebound in portfolio deals in 2025.

2 min

Henderson Park expands portfolio with five French Novotel Suites

🏨 Henderson Park, in partnership with Atream, acquired five Novotel Suites hotels in France. The deal includes 645 rooms in Paris, Lille, and Cannes. Hotels were built between 2000 and 2011. The portfolio consists of hotels with room counts: Paris – Issy-les-Moulineaux (128), Paris – Montreuil (166), Paris – Saint-Denis (101), Lille (126), and Cannes (124). Accor to continue managing the properties. Henderson Park aims to upgrade facilities and align with Paris Agreement’s 2050 goals. France welcomed 100 million international tourists in 2023. Henderson Park's global hospitality footprint includes over 11,000 rooms.

2 min

Live! Casino & Hotel opens in Bossier City

🎰 Live! Casino & Hotel Louisiana opened as the first land-based casino in the Shreveport-Bossier market with a $270 million investment. Expected to generate $35 million in gaming tax revenues for Bossier City and $168 million for the state in five years. The casino features over 47,000 square feet of gaming space, 1,000+ slot machines, 40+ table games, and a DraftKings Sportsbook. Amenities include a 549-room hotel, a 25,000-square-foot event center, and a 31-site RV park. The Cordish Companies' project has created over 1,550 jobs, including 750 construction and 800 permanent positions. The development is part of a national expansion with over $1 billion of construction near completion in the U.S.

1 min

Choice Hotels Expands in Atlanta with The Connally Hotel

🏨 The Connally Hotel Downtown Atlanta, part of Choice Hotels International’s Ascend Hotel Collection, operated by StepStone Hospitality, just opened near attractions like the Georgia Aquarium and Centennial Olympic Park. COO Michael Broadhurst expressed excitement about the partnership and commitment to exceptional hospitality. Guests can join the Choice Privileges loyalty program, which boasts over 68 million members. The Ascend Hotel Collection includes more than 375 hotels and recently expanded with the 77-key Mayfair Hotel in New York City’s Theatre District in late 2023.

2 min

a&o Hostels adds to Europe presence with Florence property

🏨 A new hostel, a&o Firenze Campo di Marte, has opened in Florence, Italy, offering 119 rooms with 466 beds near the historic center. The hostel, which is the 42nd a&o property in Europe and second in Italy, features modern amenities like AI-generated wall panels, seven self-check-in terminals in 13 languages, 24/7 industrial robot cleaners, mobile key access, e-charging stations, and a digital convection oven. Located a 30-minute walk from Piazza del Duomo, the eco-friendly renovation preserves its 1960s facade and includes a photovoltaic and solar thermal system. With connections to Santa Maria Novella every 15 minutes, it's expected to attract budget travelers, groups, and families, offering off-peak discounts. The opening precedes a&o Hostels' 25th anniversary and a €500 million investment in expansion and sustainability.

2 min

Hyatt launches Asia Pacific event planning network

📈 Hyatt launches Asia Pacific Meetings & Events Alliance for simplified multi-city event planning. Program includes nine properties in Asia Pacific destinations like Bali, Bangkok, Singapore. Benefits: centralized support, customized packages, complimentary upgrades, VIP access, wellness/spa packages, F&B offers, triple World of Hyatt points. Features grand event spaces, like Grand Hyatt Bali's 1,202 m² ballroom and Hyatt Regency Sydney's 4,000 m² of event space. Hyatt's global portfolio stands at over 1,400 hotels in 79 countries.

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