Hilton Shares Luxury Portfolio Openings Planned for 2024
Category: Development, Finance & Development, Openings
MCLEAN, Virginia—In 2024, Hilton’s luxury portfolio will announce offerings including new brand signatures, a tableside cocktail ritual at Waldorf Astoria Hotels & Resorts, art encounters at Conrad properties, and experiences in more destinations. New initiatives can also be experienced throughout the portfolio, from Waldorf Astoria Las Vegas’ guestrooms and suites and a wellness location at Grand Wailea, A Waldorf Astoria Resort, to LXR’s Hotel 1000 Seattle’s new cocktail concept, Rosebay. “We would be remiss to
This Week’s Comings & Goings
Category: Comings & Goings, People
Margaritaville at Sea has announced the appointment of Frank Belzer as senior vice president of sales and partner relations. Belzer will build and lead a team dedicated to cultivating productive relationships with travel advisors. The Biltmore Los Angeles announced the appointment of Sue Yoon as director of sales and marketing of the property. Yoon will drive all aspects of sales and marketing, including direct sales, marketing, revenue, and distribution. Anaheim Majestic Garden Hotel’s Hanagi restaurant
Capitalizing on Conversion: Taking the Project to the Finish Line with Strategic Planning and Partnerships
Category: Featured, Owner Series, Special Series
LODGING brings you the second installment of our three-part Ownership Series, providing owner perspectives on various hot topics and industry trends. We speak with Kunal Dave of Laxmi Hotels Group on his approach to each stage of the conversion process. The third article will focus on development and guest service trends in the leisure market. Conversions are a popular option among developers today, and for Kunal Dave, president of Charlotte, North Carolina-based Laxmi Hotels Group, LLC,
4 Profitability Trends: Bottom Lines Have Improved but Expenses Continue to Grow
Category: Featured, Finance, Finance & Development, Market Reports
Through the third quarter of 2023, the U.S. hotel industry showed some continuation of profitability trends as well as new developments in the data that aligned with the start of corporate travel season. Margins are being pressured. With the overall demand mix and topline performance normalizing, year-over-year growth rates are weakening. At the same time, expenses continue to grow with total operating expenses per available room (TOEPAR) increasing roughly 1 percent from month to month.
Apple Hospitality REIT Publishes Corporate Responsibility Report
Category: Industry News, Sustainability
RICHMOND, Virginia—Apple Hospitality REIT, Inc. published its annual Corporate Responsibility Report, which details the company’s environmental, social, and governance (ESG) performance, strategy, and initiatives and includes its commitment to environmental sustainability, corporate employees, hotel associates and guests, communities, and other stakeholders. “Apple Hospitality has always worked to uphold high ESG standards and believes these key areas of focus are an integral part of driving long-term value for our shareholders,” said Justin Knight, CEO of Apple