LODGING Staff

🔒 In Washington, D.C., the AHLA Foundation announced 2024-2025 No Room for Trafficking (NRFT) Survivor Fund grantees on the United Nation’s World Day Against Trafficking in Persons. Doubling the funds from $500,000 in 2023 to $1M in 2024, the foundation increased support to human-trafficking survivors. Eight community-based organizations received grants, and ten more received microgrants. In one year, nearly 650 survivors were aided by the NRFT Survivor Fund through training and emergency services.

📈 Pebblebrook Hotel Trust reported Q2 2024 results with a net income of $32.2 million and a Same-Property Total RevPAR increase of 2.5% from Q2 2023. Urban and resort properties saw a 3.4% and 0.6% growth, respectively. Same-Property EBITDA reached $117.2 million, up 8.9%, while Adjusted EBITDAre grew to $123.5 million, a 6.2% increase. Adjusted FFO per diluted share rose to $0.69, an 11.3% improvement. Urban properties enhanced occupancy by 2.5 points, resort properties by 3.5 points. Operating efficiencies led to a 0.1% drop in same-property total expenses. Over $520 million invested in redeveloping properties, anticipating revenue gains and cash flow improvements. LaPlaya Beach Resort & Club's Q2 EBITDAre hit $7.0 million, with an extra $7.3 million in business interruption income, surpassing forecasts by $3.3 million. Le Méridien Delfina Santa Monica will convert to Hyatt Centric in mid-September 2024. The 2024 outlook includes a net loss between ($13.0) to ($4.0) million, a RevPAR Growth Rate up from 1.25% to 2.25%, Adjusted

🏕️ World of Hyatt partners with Under Canvas to offer stays at 13 outdoor resorts, including the new ULUM Moab, across U.S. national parks. Hyatt members gain access to luxury camps with amenities like nightly campfires, yoga, and kid’s activities. The camps, such as those near Yellowstone, Great Smoky Mountains, Acadia, and the future Yosemite camp (opening May 2025), offer authentic outdoor experiences. Under Canvas and ULUM Moab prioritize eco-friendliness with DarkSky certification, energy and water-saving features, and safari-inspired tents equipped with king-size beds and wood-burning stoves.