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Best Western Adds First Executive Residency in Africa

Best Western Adds First Executive Residency in Africa

NAIROBI, Kenya—Best Western Hotels & Resorts adds its first Executive Residency by Best Western in Africa to Kenya’s capital city Nairobi, Executive Residency by Best Western Nairobi. Executive Residency by Best Western is an upper-midscale brand with flexible spaces, stylish ...

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10 Traits of an Ideal Revenue Manager

10 Traits of an Ideal Revenue Manager

With recent improvements in technology and a focus on acquisition cost, the defining characteristics of today’s ideal revenue manager have changed—and through our work at Charlestowne Hotels, we’ve identified a new wave of skill sets needed to hire industry-leading talent. ...

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Group Bookings Brighten Hotel Outlook

Group Bookings Brighten Hotel Outlook

NEW YORK—Committed occupancy and average daily rates (ADR) for the first quarter of 2017 are showing major signs of growth with group travel leading the way despite the continuing lag in transient booking pace in the fourth quarter of 2016, ...

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Rising Expenses Cut into Hotel Profitability

Rising Expenses Cut into Hotel Profitability

There are a lot of “double-edged sword” issues on the minds of hotel operators these days. Hotel occupancy has reached record levels, which is attracting the attention of developers and therefore the threat of new competition. Inflation and interest rates ...

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The Henderson Opens in Destin, Fla.

The Henderson Opens in Destin, Fla.

DESTIN, Fla.—The Henderson, a Salamander Beach & Spa Resort, today opened its coastal-inspired doors. Located along one of America’s top beaches and adjacent to a 208-acre environmentally protected state park, The Henderson is reminiscent of a grand seaside manor of ...

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Economy Chains Face Lack of Demand

Economy Chains Face Lack of Demand

In the rapidly expanding room pipeline of the U.S. hotel industry, one segment seems to have fallen out of favor with developers. In June 2016, STR counted 166,000 rooms under construction. However, only 1,000 of these rooms were in the ...

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