LODGING Staff - 10 Minutes News for Hoteliers - Page 158

2 min

SiteMinder Creates Dynamic Revenue Plus With IDeaS Pricing Recommendations

💲 In Minneapolis, Minnesota, SiteMinder launched Dynamic Revenue Plus, a new revenue optimization solution that utilizes live market intelligence for hotels' inventory, pricing, and distribution strategy. It draws on data from 120 million annual hotel reservations and will soon incorporate pricing recommendations from IDeaS. Designed to be accessible for any hotel, it enables mobile and desktop management of room rates, stay lengths, inventory, and promotions. Initially available in Australia and New Zealand, with a global rollout planned for 2025, it aligns with SiteMinder's Smart Platform strategy amid the rebound of international travel and events. Dynamic Revenue Plus allows for quick adjustments in response to market demand, aiming to replace outdated manual practices and democratize revenue management.

2 min

Super 8 by Wyndham Releases INNOV8TE 2.0 Design Package

📌 In Parsippany, New Jersey, Super 8 by Wyndham introduces the INNOV8TE 2.0 design package, available across the US and Canada, as part of its 50th anniversary. Mike Mueller, president of Super 8, emphasizes the brand's innovation and owner-centric approach. The upgrade features new color schemes, furniture, bedding, and flooring, aiming to enhance guest experience and operational efficiency. Options allow for full room upgrades or gradual improvements, with support through Wyndham’s Manufacturer Direct program or traditional renovation. Unveiled in September 2023 at Wyndham’s Global Conference in Anaheim, California, INNOV8TE 2.0 is now accessible to owners.

2 min

Thayer Ventures and Derive Ventures Form New Investment Platform

📈 Thayer Ventures and Derive Ventures form Thayer Investment Partners (TIP) in San Francisco. Chris Hemmeter, Tyler Carrico, and Mike Scott lead as managing partners, leveraging experience in hospitality start-ups. TIP to launch a new fund soon, building on Thayer Ventures' foundation since 2009 and Derive's 2022 inception, aiming to innovate in travel tech and boost industry efficiency. Lee Pillsbury, Thayer Lodging Group founder sold to Brookfield in 2014, continues as Thayer Ventures Funds managing director.

2 min

AAA Reports Top Travel Destinations for Fall

🏖 Domestic flight bookings increased by 1%, international by 3%; average domestic roundtrip ticket costs $660, international $1,315. Domestic cruise bookings soared 19%, international cruises 6%, with costs averaging $2,355 and $3,560 respectively. Top fall travel destinations include Orlando, Boston, and Seattle in the U.S, with Rome, Paris, and London internationally. Gas prices decline due to a quiet hurricane season and winter-blend gasoline. Car rental rates dropped 5% domestically and 15% internationally, with high demand in Boston, Denver, Portland, Montreal, and Vancouver.

2 min

McKibbon Hospitality Opens Moxy Asheville, North Carolina

🌆 Located in Asheville, North Carolina, Moxy Asheville opens officially with a six-story, 115-guestroom structure. Guests receive a welcome drink upon check-in at Bar Moxy. The hotel showcases a rooftop bar called Wildwood Still, offering 150+ whiskeys and a menu led by Executive Chef Austin Tisdale. Nearly 20 artists contributed to the site's art, featuring North Carolina's tallest mural. Moxy Asheville shares amenities with connected Aloft Asheville Downtown and is operated by McKibbon Hospitality.

2 min

Sonesta Signs Deal to Open Five Hotels in the Dominican Republic

🏖️ Sonesta International Hotels Corporation to open five Sonesta ES Suites in the Dominican Republic, starting with Sonesta ES Suites ELEMENTS Jarabacoa in early 2026. The initial property will be an upscale extended-stay hotel in La Vega province, offering at least 80 suites, eight pools, tennis and padel courts, and more. Almanzar Marte Ingenieros & Arquitectos, with over 14 years in real estate, will franchise the properties. All five hotels are due by 2031, expanding Sonesta's presence in the LATAM market.

2 min

Kimpton Rockefeller Center Development Underway, Opening Planned for 2025

🏡 Kimpton Hotels & Restaurants, part of IHG's luxury portfolio, announced a new boutique luxury hotel, Kimpton Rockefeller Center, set to open in late 2025 in New York City. Developed with Extell Development Company, the 33-story hotel will offer 529 guestrooms, two full-service restaurants, a lobby lounge, rooftop bar, fitness center, and meeting spaces. It will join two other Kimpton hotels in NYC: Kimpton Hotel Theta and Kimpton Hotel Eventi. Globally, 75 Kimptons are open, with 57 more expected in the next 3-5 years.

2 min

Spark by Hilton Brand Opens First Canadian Hotel

📌 In Toronto, Canada, and McLean, Virginia, Hilton and JM Hospitality introduced Spark by Hilton Toronto Markham, the brand's first Canadian location, joining 8 upcoming Spark hotels. Spark started in Mystic, Connecticut in September 2023, hit Europe in May with the London Romford location, and boasts over 50 hotels with 275+ in the works. Spark by Hilton, a conversion-focused brand, has grown quickly, offering affordable stays with desirable amenities. The 72-room Markham hotel caters to diverse travelers and is part of Hilton's plan to grow its Canadian portfolio by 50% in five years, adding to over 180 existing hotels.

2 min

Renaissance Orlando Resort and Spa Opens After Renovation

🏨 Renaissance Orlando Resort and Spa, in Florida's Disney Springs Resort Area, features 394 guestrooms, over 25,000 square feet of meeting space, a zero-entry pool, hot tub, and American Kitchen Bar & Grill. After a $25 million renovation, it now boasts the Indulged Spa + Wellness Retreat, a 5,000 square foot outdoor terrace, updated fitness studio, rooms, and lobby. As an Official Walt Disney World Hotel, it offers shuttle service and early park access. The Stonehill Taylor-designed renovation highlights local citrus groves themes and includes poolside lanai-style accommodations. Located just 13 miles from Orlando International Airport, the resort caters to various events with flexible indoor and outdoor spaces.

1 min

CoStar: U.S. Hotel Performance Lowers From Previous Week

🏨 CoStar reports U.S. hotel industry performance dropped in the week ending September 7, 2024, compared to the same week in 2023, with occupancy down 4.2% at 57.8%, ADR (Average Daily Rate) falling 1.0% to $149.67, and RevPAR (Revenue Per Available Room) reduced by 5.2% to $86.48. Houston outperformed with occupancy and RevPAR rising by 8.0% and 18.5% respectively. Both Houston and Detroit saw the largest ADR increase of 9.7%. Las Vegas and Boston experienced the steepest RevPAR declines at 18.6% and 18.3%, respectively.

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