LODGING Staff - 10 Minutes News for Hoteliers - Page 137

2 min

Marriott Launches Connect Responsibly Program for Meeting Planners

📈 Marriott International, Inc. announced Connect Responsibly with Marriott Bonvoy Events to enhance sustainability in meetings at Marriott Bonvoy hotels globally by end of October. Program provides Meeting Impact Reports for environmental assessment and carbon credit purchase options through South Pole collaboration. Reports, available in 11 languages, detail event carbon and water footprints. Marriott focuses on industry-informed sustainability, responding to customer demand for eco-conscious meeting solutions.

7 min

IHG Reports Q3 2024 Trading Update

📅 IHG's Q3 2024 trading update showed global RevPAR up 1.5 percent, Americas up 1.7 percent, EMEAA up 4.9 percent, and Greater China down 10.3 percent. Year to date (YTD) global RevPAR rose 2.4 percent. A 5.9 percent YOY gross system size growth with 17,500 rooms opened in Q3, and net system size up 4.1 percent YOY. Global system reached 968,000 rooms across 6,505 hotels. Q3 saw 19,200 new rooms signed, a 14 percent YOY increase. IHG's share buyback program for 2024 reached $614 million of the $800 million target, reducing shares by 3.7 percent, and the company is on track to return over $1 billion to shareholders. The Venetian Resort Las Vegas will no longer be affiliated with IHG from January 1, 2025, impacting less than 0.1 percent of revenue.

2 min

Hotel Alpenrock Breckenridge, Curio Collection by Hilton, to Open This Winter

🏖️ Hotel Alpenrock Breckenridge, a 205-room hotel, is set to open this winter in Colorado. Located at the base of Peak 9, it's near the Breckenridge Ski Resort and historic downtown. The hotel will feature two dining experiences, nearly 10,000 square feet of event space, and is part of the Curio Collection by Hilton. Breckenridge offers a historic district, over 70 restaurants, 200 shops, and a ski resort with five peaks and 187 trails.

1 min

CoStar: September Reports Mixed U.S. Hotel Performance Results

🏨 U.S. hotel industry performance in September 2024: Occupancy at 64.6% (↓2.5%), ADR (Average Daily Rate) at $162.63 (↑1.2%), RevPAR (Revenue per Available Room) at $105.04 (↓1.3%). New York City led Top 25 Markets with 87.0% occupancy due to events like the United Nations General Assembly, Fashion Week, and the U.S. Open. Lowest occupancy seen in New Orleans (53.6%) and Tampa (61.4%). Top 25 Markets outperformed others in occupancy and ADR.

2 min

Marriott and MGM to Convert Las Vegas Strip Property to W Hotels Brand

🎰 Marriott International, Inc. and MGM Resorts International announced a licensing agreement in July 2023 to convert a Las Vegas Strip property into W Las Vegas, set to join the Marriott Bonvoy portfolio later this year. The collaboration has resulted in hundreds of thousands of room nights booked since launching in March 2024. Over 200 million Marriott Bonvoy members gain access to MGM Resorts' destinations, while MGM Rewards members can enjoy benefits at Marriott's 9,000 properties. W Las Vegas will be part of 12 MGM Collection destinations on the Las Vegas Strip.

2 min

Loews Plans Third Hotel Opening for Universal Epic Universe

🌆 Loews Hotels & Co announces the opening of Universal Helios Grand Hotel at Universal Orlando Resort for May 22, 2025, with reservations starting October 22, 2023. Joining two other hotels, Universal Stella Nova Resort and Universal Terra Luna Resort, the Orlando portfolio will reach 11 hotels and 11,000 guestrooms. The Universal Helios Grand Hotel, a 500-room property, offers park views and a dedicated entrance to Epic Universe. Earlier in 2023, Loews opened a $550 million, 888-room hotel in Arlington, Texas, highlighting the company's growth beyond Orlando.

2 min

Hilton Cabana Miami Beach Resort Completes Renovation

🏖 Hilton Cabana Miami Beach Resort in Florida completed a multi-million-dollar renovation featuring transformed public spaces, guestrooms, dining experience, and more. Celebrating a decade within the Hilton portfolio, the resort's renovation respects its 1951 origins. Updated amenities include a modern tropical aesthetic, reimagined lobby, fresh outdoor pool deck with new cabanas and daybeds, renovated 231 rooms and suites, and a revamped Allison Restaurant & Bar offering new menu items and signature cocktails.

3 min

IHG Signs Four New Garner Properties in Europe and the United Kingdom

🏨 IHG Hotels & Resorts signed four new Garner properties across the UK and Europe, expanding since Garner's launch in August 2023. In the first half of 2024, 76 properties were signed globally, with 58 in Europe, representing 41% of openings and 55% of signings. The UK will see the 53-room Garner Hotel Reading Centre and the 80-room Garner Hotel Preston Samlesbury open late 2024. In Germany, over 50 hotels will convert from NOVUM Hospitality brands, while Austria and the Netherlands will each welcome a new Garner property. Turkey's entry with a 126-room Istanbul hotel is set for 2025. In total, 79 Garner properties have been signed, including in the US, UK, Germany, Japan, and Turkey, with four already operational.

2 min

Davidson Partners With the Alliance for Hospitality Equity & Diversity

📢 Davidson Hospitality Group announced a partnership with AHED to promote hospitality diversity, offering internships, scholarships, career fairs, and manager-in-training programs, especially for underrepresented students. Crystal Beasley, Davidson’s Chief Administrative Officer, joined the AHED Board. Their collaboration aims to provide equal opportunities and a diverse workforce. A celebratory Fall Networking Reception is scheduled for November 15, 2024, reinforcing their commitment to inclusivity.

1 min

CoStar: Holiday Calendar Shift Boosts U.S. Hotel Performance

📦 In the U.S. hotel industry, occupancy rose to 70.3% (up 2.4%), ADR increased to $166.88 (up 1.4%), and RevPAR jumped to $117.28 (up 3.8%) year-over-year for the week of October 6-12, 2024. New Orleans led with occupancy up 20.1% to 75.6%, ADR up 13.1% to $194.70, and RevPAR up 35.9% to $147.18, boosted by the Water Environment Federation’s event. Atlanta's occupancy and RevPAR rose 15.6% and 20.6% due to Hurricane Milton. Oahu Island and Tampa saw RevPAR declines of 10.3% and 9.8% due to the same hurricane.

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