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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

The Board of Directors at Hershey Entertainment & Resorts has named John Lawn as its new CEO. Lawn joined Hershey in 2004 as director of F&B. He was named COO in June 2016, then president October 2016. Lawn will succeed ...

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The Cost of Online Booking Scams

A new poll commissioned by the American Hotel and Lodging Association (AHLA) details the extent to which online booking scams are impacting consumers. Since 2015, the number of U.S. travelers who reported booking on what they believed was a hotel’s ...

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GOPPAR Increases For Branded Full-Service U.S. Hotels

Branded full-service hotels in the U.S. recorded a 2.4-percent increase in gross operating profit per available room (GOPPAR) year-to-date April compared with the same period in 2016, according to HotStats—a monthly hotel profit-and-loss benchmarking service that has recently launched its platform in ...

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Hospitality Deals and Acquisitions from June 2017

Hospitality Deals and Acquisitions from June 2017

Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged an $80-million, non-recourse, structured loan for the Chicago Athletic Association hotel, a historic 241-key lifestyle hotel located at 12 South Michigan Avenue in Downtown Chicago. Mission Capital’s ...

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Online Booking Scams Cost Nearly $4 Billion Each Year

Online Booking Scams Cost Nearly $4 Billion Each Year

Washington, D.C.–New research by the American Hotel and Lodging Association (AHLA) reveals that online scams and fraudulent sites are on the rise. Every 60 seconds, Americans make 500 hotel bookings online. In 2015, just 6 percent of American travelers reported having booked ...

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Expedia Launches Tool To Showcase Hotels’ Local Landmarks

Expedia Launches Tool To Showcase Hotels’ Local Landmarks

Seattle, Wash.–Expedia, Inc., the world’s largest online travel company, today announced EPC Points of Interest, a new tool available in Expedia Partner Central (EPC) which allows properties to create a custom list of cultural landmarks, activities, and experiences in their ...

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