LODGING Staff - 10 Minutes News for Hoteliers - Page 123

1 min

CoStar: U.S. Hotel Industry Reports Positive Yearly Comparisons

🔔 In Washington, U.S. hotel industry data through Feb 1, 2025, shows occupancy at 56.5% (up 2.3%), ADR at $150.25 (up 1.8%), and RevPAR at $84.90 (up 4.1%). Minneapolis led with a 13.6% increase in occupancy to 47.4% and a 16.7% rise in RevPAR to $56.67. Orlando had the highest ADR increase of 7.4% to $224.62. Las Vegas and New Orleans saw RevPAR declines of 15.0% to $137.63 and 6.2% to $98.23, respectively.

6 min

Hilton Reports Q4 and Full-Year 2024 Results

🏨 Hilton Worldwide Holdings Inc. reported Q4 and full-year 2024 results from McLean, Virginia. Q4 diluted EPS at $2.06, full-year at $6.14; adjusted EPS Q4 at $1.76, full-year at $7.12. Q4 net income was $505 million, full-year $1,539 million. Adjusted EBITDA reached $858 million for Q4, $3,429 million full-year. System-wide comparable RevPAR rose 3.5% in Q4 and 2.7% for the full year. Approved 34,200 new rooms in Q4, with a development pipeline of 498,600 rooms by year-end. Added 22,600 rooms in Q4, with 98,400 room openings in 2024, resulting in a 7.3% net growth. Repurchased 3.1 million shares in Q4, $781 million returned in dividends and repurchases for the quarter, $3.0 billion for the year. Projected 2025: 2-3% RevPAR increase, $1,829-$1,858 million net income, $3,700-$3,740 million Adjusted EBITDA, and approximately $3.3 billion capital return, with 6-7% net unit growth.

1 min

Enseo Promotes Brian Gurley as CEO

💻 Brian Gurley, with over 25 years of financial and operational leadership experience, was announced as the new CEO of Enseo, a company offering hotel TV and entertainment, managed WiFi, smart room controls, and employee safety devices. Gurley, who joined Enseo as CFO in 2022, previously served as CFO at Magnitude Software and was a director at CBIZ Private Equity Advisors. His role will steer Enseo's growth strategy and customer-focused solutions, building on the company's history in the global hospitality market.

1 min

Hampton Inn & Suites Opens in Louisville East Oxmoor, Kentucky

🏠 Rockbridge and Musselman Hotels opened a new 111-room Hampton Inn & Suites in Louisville East Oxmoor, Kentucky. Located in a retail and commercial corridor, it provides access to the airport, shopping centers, and downtown attractions like Churchill Downs. This marks Musselman Hotels' eighth hotel in Louisville, offering amenities such as breakfast, a fitness center, an indoor pool, and pet-friendly accommodations, with Musselman Hotels managing the property.

1 min

Sonesta Maho Beach Resort, Casino & Spa Opens Cloud 9 Rooftop Bar

🏖 Sonesta Maho Beach Resort in MAHO, St. Maarten unveiled Cloud 9 Rooftop Bar as a part of their new Ultimate Adults Only Club, providing craft cocktails, small bites, and live music on select nights. Aimed at adults seeking a refined Dutch Caribbean hospitality, the bar offers plane-spotting from a serene lounge on the ninth floor. The resort caters to groups, couples, and solo travelers with special adults-only rooms and suites. Access is also granted to guests from Ocean Point Resort.

3 min

Radisson Hotel Group Adds Almost 40,000 Keys to Global Portfolio

📌 Radisson Hotel Group achieved a record year in 2024, adding almost 40,000 keys globally. The Radisson Collection grew to nearly 70 hotels, including first properties in Paris and Madrid, third in Riyadh, and flagship openings in Rome and Srinagar. The art’otel brand opened in London in May 2024 and is planned for Rome in 2025. Radisson Blu added over 20 hotels with new markets in Casablanca and Conakry. Radisson RED entered markets like Danang, Berlin, Auckland, Vientiane, Abuja, and made its Ireland debut in Galway and Thailand debut in Phuket Patong Beach. Radisson Individuals saw 15 new APAC additions in 2024, and Prize by Radisson was launched with upcoming properties in Gdansk and Berlin. Over 150 Radisson properties are operational or under development, including new Mauritius hotels. The group plans to continue strategic geographic expansions in 2025.

1 min

Canary Technologies Launches AI Voice Platform

📱 Canary Technologies launched its AI Voice platform in San Francisco, California, providing AI-powered hotel assistants for traveler calls, bookings, and operations. The suite includes AI Front Desk Assistant, AI Concierge Assistant, AI Central Reservations Assistant, and AI Booking Agent. This innovation aims to offer instant support, streamline bookings, and improve guest experiences, particularly during peak demand when staff may be overwhelmed. Canary's solutions also free up hotel and call center staff, allowing for better hospitality service.

1 min

TPG Hotels & Resorts Details Veranda House Reopening

🏡 TPG Hotels & Resorts is set to reopen the Veranda House in Nantucket on April 1, 2025, after a full-scale restoration due to a 2022 fire. The historic building, originally established in 1684, offers 19 rooms and has been updated with amenities, ADA-compliant facilities, and new IT systems while preserving its historic character. The project was a collaboration with the Town of Nantucket and the Historic District Commission.

1 min

Dreamscape Hospitality to Manage Portfolio of New Orleans Hotels

🏡 Dreamscape Hospitality has been chosen to manage Groogrux Hotels' portfolio of independent lifestyle boutique hotels in New Orleans' Garden District. The portfolio includes The Blackbird Hotel, The Garden District Hotel, and The White Heron Hotel. Adam Patenaude, president of Dreamscape, and Reid Gray, operating partner at Groogrux Hotels, both emphasize the commitment to excellence and guest experiences. Dreamscape's management aims to drive value and set a new standard for hospitality in the region.

1 min

Access Point Financial Names Michelle O’Brien Managing Director of Structured Finance

📖 Michelle O'Brien appointed as Managing Director of Structured Finance at Access Point Financial (APF). Her role focuses on the capital markets community and APF's new mezzanine GAP financing product for hotels. She reports to CIO Dana Tsakanikas. O'Brien holds a BA from William & Mary and an MS in Hospitality and Tourism Management from Virginia Tech. She previously worked with Trilogy Investment and other hospitality leaders. APF's CEO Michael I. Lipson emphasizes the company's commitment to hotel capital solutions.

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