InterContinental Hotels Group reported its first-quarter trading results, highlighted by global RevPAR gains and significant system-wide growth. Specific highlights include the following: Q1 global RevPAR +2.6 percent YOY, with Americas -0.3 percent, EMEAA +8.9 percent, and Greater China +2.5 percent Average daily rate +2.3 percent, occupancy +0.2 percent points Gross system size growth +5.0 percent YOY, +0.7 percent YTD; opened 6,300 rooms (46 hotels) in Q1, +11.1 percent more YOY adjusting for Iberostar Net system
Source Acquires Berman Purchasing, Inc., Expanding the FF&E Procurement Firm
Category: Industry News, M&A
Portland, Oregon-based Source announced its acquisition of 20-year-old Jupiter, Florida-based Berman Purchasing, Inc. The move creates a bicoastal women-led procurement firm with decades of FF&E procurement experience in all types of projects. Nicole Schmidt, Source’s founder and CEO, explained the strategic move, “We were looking for a firm that aligned with our values and operating ethos: full transparency and commitment to client relationships, with a footprint on the eastern seaboard. Stacey’s seasoned team and the
AHLA Foundation Hosts Annual ForWard Conference to Advance Women in Hospitality
Category: Conferences and Events
AHLA Foundation hosted nearly 1,000 attendees from across the hotel industry at the Hyatt Regency McCormick Place for the annual ForWard conference. Over three days, industry leaders gathered to share knowledge and hear from dynamic speakers focused on celebrating, championing, and creating a community for women in hospitality. This year’s conference theme, “Right the Narrative,” centered on the power of storytelling and the importance of amplifying the stories and voices of women in the hotel industry.
Omni Atlanta Hotel at Centennial Park has announced a comprehensive renovation and rebranding. Inspired by Atlanta’s role as a hub for global travel, media, and transformative meetings and conventions on a global scale, this transformation marks an area leaving behind the old and rising into a new era. The centerpiece of this renovation is the complete refurbishment of 600 rooms housed within the North Tower where nightstands were inspired by luggage, carpets statement, linens making
Recharged Strategies: Insights and Updates From Choice Hotels’ Annual Convention
Category: Conferences and Events, Featured
Over 6,600 attendees gathered for Choice Hotels International’s 68th Annual Convention at Mandalay Bay in Las Vegas, Nevada. This year’s agenda was themed “Next Level” after the company’s marketing strategy and offered a comprehensive array of educational sessions, brand programs, and networking opportunities. Within the past five years, Choice Hotels has experienced a surge in revenue and membership expansion, driven by the integration of Radisson Hotels Americas onto its digital platforms. During that same time,