Set Up for Sales Success: Best Practices to Make the Most of the Return of Group Business
Category: Featured, Meetings & Events, Operations
Even for properties that are not “convention hotels” per say, group business can be a key part of their clientele. Executive retreats, board meetings, training sessions, incentive programs, and a variety of other corporate and association gatherings can find a home in hotels of all sizes, bringing revenue from room nights, F&B, meeting venue rental, and more. While slower to return post-pandemic than leisure, this segment saw significantly more activity in 2023 compared to 2022,
BRUGES, Belgium—Stardekk announced it has joined Lighthouse (formerly OTA Insight), which represents an advancement in both firms’ commitment to providing hospitality commercial teams with a platform to drive revenue growth. Fortino Capital, a European B2B software investor, has been the growth equity partner of Stardekk since 2020. The Stardekk team and product capabilities, including the Cubilis channel management solution, will continue to exist and expand. The combined platform will merge Lighthouse’s data insights and artificial
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months and year ended Dec. 31, 2023. Highlights include: System-wide rooms grew organically by 3.5 percent year-over-year, a record high. Opened a record 66,000 organic rooms, representing a year-over-year increase of 3 percent. Global retention rate—including all terminations—improved another 30 basis points to a record 95.6 percent. Development pipeline grew 1 percent sequentially and by 10 percent year-over-year to a record 240,000 rooms. Grew
PHOENIX, Arizona—BWH Hotels is expanding current offerings in the Latin American region through a series of new development projects in the pipeline. BWH Hotels is comprised of three families of hotels—WorldHotels, Best Western Hotels & Resorts, and SureStay Hotels. With properties all over the world, there are 19 brands across every chain scale segment, from economy to luxury, allowing BWH Hotels to impact the hospitality sector in Latin America. Industry projections indicate a growing demand
This Week’s Comings & Goings
Category: Comings & Goings, People
CBRE announced that Brannan Knott joined the company as an executive vice president. Knott has experience in the healthcare real estate industry, bringing more than 15 years of experience in investment sales, equity placement, and more. Highgate appointed Tony Machado as head of design. In this new role, Machado will join LUCID, Highgate’s in-house design and construction studio, to overall all aspects of design innovation and execution for the company’s portfolio and Viceroy Hotels &
