LODGING Staff - 10 Minutes News for Hoteliers - Page 117

3 min

Hyatt Plans New Upper-Midscale Transient Brand: Hyatt Select

🏨 Hyatt Hotels Corporation announces Hyatt Select, an upper-midscale transient brand, complementing Hyatt Studios, the extended-stay brand launched with its first property on Feb. 18, 2025. Hyatt Select, part of the Essentials portfolio, offers 70-200 key properties with streamlined operations and global distribution benefits, including the World of Hyatt loyalty program. Targeting the Americas initially, Hyatt plans to scale globally, while the first Hyatt Studios opened in Mobile, Alabama, with over 50 deals in the pipeline.

4 min

Crowne Plaza Whitepaper Finds Increased Shift Toward Blended Travel

💰 In Atlanta, Georgia, Crowne Plaza by IHG revealed that 66% of U.S. and U.K. travelers blend business trips with leisure time, up from 53% in 2022. A YouGov survey of over 12,000 people across nine markets indicated that 72% find blended travel beneficial. Crowne Plaza plans to renovate 70% of its Americas properties and over 60% across other regions by 2026. The global blended travel market is expected to grow from $315 billion in 2022 to over $731 billion by 2032, with Crowne Plaza adding 140 properties to its 400 across 67 countries, a more than 35% increase.

2 min

AAA: Spring Break Travelers Are Planning Warm-Weather Trips in 2025

🏖 Spring Break season starts in March and ends mid-April in Washington, D.C., with Florida being the top U.S. destination, featuring Orlando, Fort Lauderdale, Miami, and Tampa. Europe dominates international travel with eight out of the top 10 cities, led by Rome, London, and Paris. Roundtrip flights are $820 for the U.S. (up 7%) and $1,440 internationally (up 2%). U.S. hotel stays average $660 (up 8%), while international stays are $740 (down 4%). Car rentals average $645 domestically and $615 internationally (down 5%). Cruising has hit a record with 19 million U.S. travelers and costs up by 27% domestically and 3% internationally. Top cruise ports are Fort Lauderdale, Port Canaveral, and Miami.

2 min

Cloudbeds and Sabre Form Strategic Partnership

📈 In San Diego, California, Cloudbeds partnered with Sabre Corporation to integrate Cloudbeds PMS with Sabre’s SynXis CRS, enhancing data synchronization and distribution for hotels. The two-way API integration enables real-time inventory, rates, and reservations updates, automated rate management, and unified booking across all channels. The integration, going live in Q1 2025, grants access to Sabre's global distribution network and aims to improve operational efficiency, revenue opportunities, and guest service delivery.

2 min

Meyer Jabara Hotels Promotes Eric Churchill to Chief Operations Officer

📅 In Danbury, Connecticut, Eric Churchill, with a 21-year tenure at Meyer Jabara Hotels, has been promoted from Senior Vice President of Operations to Chief Operating Officer, overseeing portfolio operations. He started with the company in 2004 as General Manager at Courtyard by Marriott Copley Square in Boston, later managing the Providence, Rhode Island, Marriott. His rise through the ranks reflects Meyer Jabara Hotels' culture of leadership and success. A Johnson and Wales University graduate, Churchill’s career includes positions at Harvey DFW Airport and Bristol Hotels and Resorts. He will continue working from Providence, Rhode Island.

1 min

CooperWynn Capital Modifies Loan for Hotel Indigo Detroit Downtown

🏡 CooperWynn Capital completed a loan modification for Hotel Indigo Detroit Downtown, featuring 241 rooms and 48 suites, plus amenities like a restaurant, a fitness center, and over 1,750 square feet of meeting space. The modification provides flexibility and improved financial performance amid lender uncertainty last fall. Located in downtown Detroit, the hotel offers skyline views and proximity to attractions like Ford Field and the Detroit Institute of the Arts.

1 min

CoStar: U.S. Hotel Industry Reports Lower Performance From January

🏨 In January 2025, U.S. hotel occupancy reached 52.5% with a 1% increase from January 2024. Average Daily Rate (ADR) was $151.20, showing a 3.4% increase; Revenue per Available Room (RevPAR) rose to $79.42, up 4.5%. Influences on these figures included Hurricanes Helene and Milton, the L.A. wildfires, and the inauguration. Tampa led the Top 25 Markets with a 17.6% increase in occupancy to 79.9%, while St. Louis and Minneapolis saw the lowest occupancy rates at 42.9% and 43.1%, respectively. The Top 25 Markets outperformed others in occupancy and ADR.

4 min

Hyatt Centric Brand to Double in Size by Year-End 2028

🏨 Hyatt Centric brand expanded in 2024 with openings in Cairo, Shanghai, San José, and Santo Domingo. The brand plans over 35 new hotels by 2028, aiming to reach over 100 hotels globally by 2029. This includes a 50% portfolio increase and a 75% growth in Asia Pacific. Upcoming openings are set for Costa Rica, Malta, the Caribbean, and Shanghai. Notably, the first Hyatt Centric hotels will open in Puerto Rico (2025), Ohio (2026), British Columbia (2026), and Iceland (2026), with additional expansion in Canada, China, India, Japan, and Saudi Arabia (2028).

13 min

Accor Reports Q4 and Full-Year 2024 Results

💰 In 2024, Accor reported strong resilience in the hospitality sector, opening 293 hotels with over 50,000 rooms, a 3.5% growth, and reaching a portfolio of 850,285 rooms across 5,682 hotels. RevPAR increased by 4% in the PM&E division and 10% in the L&L division compared to Q4 2023. Key regions showed varied performance, with ENA at +2%, the Americas at +12%, and the Middle East-Africa with significant growth due to Saudi Arabia's high demand and occupancy. Revenue reached €5,606 million, an 11% increase from 2023, with scope effects contributing €223 million, despite negative currency effects of €117 million. Net profit was €610 million with diluted earnings per share rising to €2.33. The company reaffirmed its medium-term growth prospects and proposed a 7% higher dividend of €1.26 per share for 2024, to be decided at the Annual Shareholders' Meeting on May 28, 2025. Notable events included multiple acquisitions, a bond issue, and strategic partnerships, all emphasizing Accor's asset-light strategy and commitment to growth.

1 min

AHLA Statement on House Companion to Hotels Fees Transparency Act

🏨 In Washington, the American Hotel & Lodging Association (AHLA) praised the introduction of the House companion to the Hotel Fees Transparency Act by Representatives Young Kim (R-California), Kathy Castor (D-Florida), Russell Fry (R-South Carolina), and Kevin Mullin (D-California). AHLA aims to set a federal standard for clear, upfront pricing on hotel bookings nationwide, enhancing transparency and informed consumer decisions.

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