LODGING Staff - 10 Minutes News for Hoteliers - Page 160

1 min

CoStar: Asia Pacific and the Americas Show Increase in Hotel Pipeline Activity

🏨 June 2024 data reveals hotel pipeline activity increases in the Americas (17.8%) and Asia Pacific (4.5%), with a drop in Europe (-3.8%) and Middle East & Africa (-4.2%). Europe's in construction rooms fell by 2.4% to 165,858, with Germany (27,302) and the UK (25,312) leading. Asia Pacific's in construction rooms rose by 4.4% to 503,770, with China (319,012) and Vietnam (36,521) ahead. Middle East has Saudi Arabia (42,786) and UAE (18,933) topping construction. The Americas saw an 8.3% growth in construction, with the US (157,713), Mexico (13,301), Canada (8,686), and Brazil (5,948) leading.

2 min

AHLA Issues Statement About NYC Council Bill

🏨 New York City Council introduced a bill on July 18 that could lead to thousands of job losses and hotel closures, affecting the city's nearly 700 hotels and economy. The bill mandates operational changes and would ban non-union hotels from using subcontractors for core functions, pushing towards mandatory unionization. The American Hotel & Lodging Association criticized the policy for its one-size-fits-all approach and lack of hotelier input, urging a more considered review.

2 min

Lighthouse Launches Channel Manager, an AI Solution for Independent Hotels

📈 GHENT, Belgium—Lighthouse released Channel Manager, an AI-powered solution addressing pricing, promotion, and distribution for independent hotels. The platform integrates Stardekk and automates pricing and promotions based on real-time data. Features include AI-driven rate recommendations, automated rate parity, real-time distribution, support for over 65,000 hotels, local customer service, and connectivity with over 200 OTAs and 50 PMS systems. Lighthouse CEO Sean Fitzpatrick aims to grow independent hoteliers' top-line revenue and enhance guest experiences.

1 min

Choice Hotels Signs Agreement With Entegra to Give Owners Access to Suppliers

🍴 NORTH BETHESDA, Maryland—Choice Hotels International, Inc. partners with Entegra, granting Choice branded hotel owners access to over 3,000 suppliers worldwide via Entegra's digital group purchasing organization platform. Entegra Global CEO Damien Calderini and Choice Hotels VP of Procurement Anya Kroupnik highlight the partnership's aim to enhance hospitality experiences and reduce hotel ownership costs while increasing operational efficiency and guest satisfaction.

3 min

SpringHill Suites Jackson Hole Completes Property-Wide Renovation

🏖 SpringHill Suites Jackson Hole in Wyoming, with its 121 all-suite property, has completed a property-wide redesign inspired by the Teton Range. The transformation includes updated suites, a new lobby, business center, fitness center, and 1,500 square feet of meeting space. The redesign was led by EDGEiD, incorporating local elements and art by the likes of Ryan Sheets and Christopher Warren. The hotel, near Grand Teton and Yellowstone National Park, now offers an immersive guest experience with its modern aesthetic and natural elements.

1 min

CoStar: U.S. Hotel Industry Reports Higher Weekly Performance Results

🏨 U.S. hotel industry experienced a dip in performance with occupancy at 69.2% (↓3.7%), ADR at $158.21 (↓1.5%), and RevPAR at $109.51 (↓5.2%) from July 7-13, 2024, compared to the same week in 2023. Houston outperformed with increases in occupancy (↑13.4% to 72.2%), ADR (↑22.4% to $137.17), and RevPAR (↑38.8% to $98.97), due to Hurricane Beryl. Meanwhile, Denver and San Diego faced the sharpest RevPAR declines of 29.4% and 26.7%, respectively.

2 min

Drury Hotels Company Launches Meetings With More Program

📅 Drury Hotels Company, LLC launched Meetings with More in St. Louis, Missouri, catering to small (

1 min

The LCP Group Originates Construction Financing for Moxy Centennial Olympic Park

🏨 The LCP Group, L.P. originated construction financing for Moxy Centennial Olympic Park in Atlanta's downtown entertainment district. Atlanta-based Nexera Capital and Emerge Hospitality Group are developing the 13-story, 183-room hotel, featuring a rooftop restaurant, lounge, lobby bar, and retail. Opening is set for Q2 2026. The property is near Georgia Aquarium, World of Coca-Cola, and major venues like State Farm Arena, with access to the 3.9 million sq ft Georgia World Congress Center.

1 min

CoStar: U.S. Hotel Room Construction Reaches Highest Level Since February 2023

🏢 In June 2024, the U.S. saw its highest number of hotel rooms under construction in 16 months, with 157,713 rooms (up 5.5% from June 2023), 266,619 rooms in final planning (up 9.8%), and 333,827 rooms in planning (up 38.7%). Upscale and upper midscale segments hold nearly 50% of the final pipeline phase, but growth has decelerated. Midscale and economy segments surged 42% and 34%, respectively. Notably, 6,760 luxury rooms and 19,023 upper upscale rooms are under construction.

1 min

Data Driven Purchasing

📈 Dennis Nessler, Editor-in-Chief of LODGING, discussed the growing importance of data in hotel industry procurement processes with hotel executives. The dialogue included current trends, industry conditions, and future projections for the lodging procurement landscape.

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