Lodging Daily News

WASHINGTON—American Hotel & Lodging Association (AHLA) President and CEO Chip Rogers spoke after the National Labor Relations Board issued a final regulation expanding the “joint-employer standard” under the National Labor Relations Act. The standard is used to determine when two or more employers are jointly responsible for a shared group of workers’ essential terms and conditions of employment and thus jointly liable for violations of the National Labor Relations Act and have joint bargaining responsibilities

According to the most recent Construction Pipeline Trend Report for the United States by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stood at 5,704 projects/672,676 rooms, up 7 percent year-over-year (YOY) by projects and rooms. The hotel construction pipeline continues to grow at a moderate pace with current project counts 3 percent below and rooms 14 percent below the all-time high of 5,883 projects/785,547 rooms reached in Q2

ARLINGTON, Virginia—Knowland announced an add-on feature designed to help on-property sales teams better understand and target the right group segments booking in their market. Sales teams are often challenged to understand what groups have met in their competitive set. Knowland’s Market Segmentation feature delivers insight into group business activities by market segment, allowing hotel sales teams to adjust sales efforts and meeting and events business strategically. Knowland’s Market Segmentation feature was previously only available to

BOSTON and NEW YORK—Bain Capital Special Situations and Smith Hill Capital, an affiliate of Procaccianti Companies, announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector. The platform launches with the objective of deploying $1 billion of gross capital over the next several years. The joint venture will initially focus on new loan originations and debt refinancing exclusively in

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended September 30, 2023. Highlights include: Global RevPAR grew 3 percent compared to the third quarter of 2022 in constant currency. System-wide rooms grew 3 percent year-over-year. The development pipeline grew 4 percent sequentially and 12 percent year-over-year to a record 237,000 rooms. Signed over 230 contracts, an increase of 8 percent year-over-year, including 60 new construction projects for ECHO Suites Extended Stay