LODGING Staff - 10 Minutes News for Hoteliers - Page 136

2 min

AHLA Foundation Distributes Scholarship Funding to Hospitality Programs

🎓 AHLA Foundation has distributed nearly $1 million in scholarships to 369 students across 88 colleges and universities. Since 1953, the Foundation has awarded over $16 million in academic scholarships. In addition to the academic program, over $30,000 was granted to 20+ freshmen as part of a pilot program involving Frederick Community College, Northampton Community College, and Valencia College. The initiative supports hospitality students and encourages enrollment in hospitality programs.

1 min

CoStar: U.S. Hotel Industry Shows Positive Year-Over-Year Comparisons

🏨 U.S. hotel industry reported positive growth in October 2024 compared to 2023, with occupancy at 70.1% (up 1.6%), ADR at $169.85 (up 2.5%), and RevPAR at $119.01 (up 4.2%). Tampa occupancy surged by 23.6% to 83.7% due to Hurricane Milton. Miami led in ADR and RevPAR increases, at $245.28 (up 29.9%) and $179.72 (up 35.5%), respectively, driven by Taylor Swift's Eras Tour and Adobe MAX 2024. Las Vegas and Denver saw RevPAR declines of 19.5% to $192.14 and 12.5% to $105.98, respectively.

2 min

Cloudbeds Plans ‘Smart Hospitality Engine’ Addition to Its Platform

💻 Cloudbeds, in San Diego, California, is integrating a "smart hospitality engine" called Cloudbeds Intelligence, harnessing multimodal and causal AI to provide real-time insights and actionable recommendations for hotel operations. This platform aims to boost RevPAR by up to 15% and occupancy rates by 10%. Co-founder and CEO Adam Harris believes this will redefine hospitality decision-making, enabling dynamic room rates and targeted marketing campaigns. Head of Machine Learning Amit Popat states it will also enhance profitability through predictive marketing and personalized guest experiences.

2 min

IHG’s Atwell Suites Expands Across the United States With Three Upcoming Openings

🏨 Atwell Suites expands in the U.S. with new hotels in Kansas City, Missouri, now open with 104 rooms; Henderson, Nevada, opening early November with 90 rooms; and Fort Worth, Texas, also opening in November with 96 rooms. IHG plans to open more than 50 Atwell Suites properties, targeting destinations like Las Vegas, Nevada; Colorado Springs, Colorado; and Cheyenne, Wyoming. These hotels cater to longer stays with a blend of business and leisure amenities, featuring workspaces, huddle areas, and unique design elements.

1 min

CoStar: All Regions Besides Europe Increase Hotel Pipeline Activity

🏨 Europe saw a decrease in hotel construction with 163,135 rooms in September 2024, down 1.0% from the previous year. Germany led with 27,175 rooms, outpacing the UK's 24,733. Asia Pacific increased by 1.7% to 509,167 rooms, dominated by China's 322,440 and Vietnam's 35,810. Middle East & Africa's construction dipped by 4.3% to 110,229 rooms, while Saudi Arabia and UAE led with 41,828 and 18,959 rooms respectively. Americas grew by 9.5% with 209,312 rooms, with the US at 157,253, followed by Mexico, Canada, and Brazil.

3 min

This Week’s Comings & Goings

📈 Zen Valli appointed as RMS Cloud's chief revenue officer, having been managing director for EMEA. Matt Riley rejoined JLL's Hotels & Hospitality Group as senior director, specializing in hotel and resort transactions. Maverick Hotels and Restaurants promoted Vasileios Ioannoum to regional director of operations. Dorian Franklyn Phillips named general manager of The Art Hotel, Curio Collection by Hilton. Pierre-Alex Maillard became area general manager of VERANÓ Hotels + Resorts, leading VERANÓ San Juan. Desy Setiawati promoted to hotel manager at Mandapa, a Ritz-Carlton Reserve. Joe Mauro appointed as director of sales and marketing at The Ritz-Carlton, Boston. Kathryn Fink joined High Stakes Rooftop Grill as executive chef. L’Ermitage Beverly Hills appointed Todd Matthews as executive chef. Paul Funk named executive chef at Kimpton Journeyman Hotel. CBRE expanded with Mark Fluent, David Milestone, and Bill Moyer as vice chairs in Los Angeles. Club Med named Armelle De la Porte des Vaux as VP of marketing and Ron Gulaskey as VP of U.S. sales and strategy. Rosewood Hotels & Resorts announced four new leadership team members: Jillian Katcher, Natacha Cuvelier, Mitchell Laufer, and Jonne Buijtels as vice presidents. The Westin Alexandria Old Town appointed Ravi Gaur as general

1 min

CoStar: U.S. Hotel Rooms Under Construction Increases for Seventh Consecutive Month

🏢 In September 2024, U.S. hotel rooms under construction rose for the seventh month in a row. Construction saw 157,253 rooms (up 7.0%), final planning included 268,190 rooms (up 10.4%), and planning had 336,205 rooms (up 38.4%). Upscale and upper midscale segments represented 50% of rooms in the final pipeline phase. The luxury and midscale categories had the highest construction growth, at 48.5% and 34.5% respectively, with luxury accounting for 8,508 rooms (5.6%) and midscale 14,902 rooms (2.9%).

2 min

AHLA and World Wildlife Fund Revamp Hotel Kitchen Platform

🍴 The American Hotel & Lodging Association (AHLA) and World Wildlife Fund (WWF) updated the Hotel Kitchen platform to aid U.S. hoteliers in food waste prevention, with a 2030 goal to cut food waste by half. Since its March 2017 launch, over 36,000 hotel staff have been trained, resulting in a 17-38% reduction in food waste at pilot properties. Enhancements include new guidelines, quicker resource access, and improved online training with Lobster Ink. These efforts are part of AHLA's Responsible Stay initiative, promoting sustainability in the hotel industry.

6 min

Hilton Reports Q3 2024 Results

💰 Hilton Worldwide Holdings Inc. reported $344 million net income and $904 million adjusted EBITDA for Q3 2024. Diluted EPS stood at $1.38, adjusted EPS at $1.92. Q3 saw 1.4% system-wide comparable RevPAR increase and the addition of 36,600 rooms, achieving a net unit growth of 7.8%. Their development pipeline reached 492,400 rooms, marking an 8% growth. Hilton repurchased 3.3 million shares and projects full-year 2024 system-wide RevPAR growth of 2.0% to 2.5%, with net income between $1,405 million and $1,429 million. Full-year capital return is estimated at $3.0 billion.

3 min

AHLA: Hospitality Companies Reach Dignity of Work Pledge Goal

🏡 The American Hotel & Lodging Association (AHLA) and Procure Impact reached a milestone with $7.4 million pledged by 23 hospitality companies for 100,000 hours of paid employment to support vulnerable and marginalized workers. Procure Impact oversees 100+ U.S. suppliers, one example being Cameron's Coffee & Chocolates in Fairfax, Virginia, which employs 30 disabled individuals and services 90 hotels. Participating hospitality companies manage 1,800+ hotels nationwide. The Dignity of Work Pledge aligns with AHLA's Responsible Stay initiative for sustainability and social impact, aiming to create 1 million hours of work by 2030.

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