Lodging Daily News

ATLANTA, Georgia—Noble Investment Group announced the acquisition of the Courtyard by Marriott Jacksonville Beach Oceanfront. Located on the shores of Jacksonville Beach, the hotel will undergo an enhancement to all hotel guestrooms and suites, public areas, and meeting and event spaces. Jacksonville, Florida, is a growing city known for its business-friendly environment, walkable coastal community, recreational activities, and family-friendly atmosphere. The hotel’s oceanfront location offers access to Jacksonville Beach, the Jacksonville Beach Pier, Adventure Landing,

Hotels face many hurdles to economic growth, but the toughest one might be finding enough employees to power that growth. America’s hotels are doing all they can to create good jobs and retain employees. Average hotel wages are near a record high, and hotels are offering more benefits and workplace flexibility than ever before. So why is it still so difficult for hotels to maintain and expand their staff? The problem is a nationwide workforce

HILTON HEAD ISLAND, South Carolina—Sonesta Resort Hilton Head Island recently completed phase one of a resort renovation program, showing its 340 redesigned guestrooms during a ribbon-cutting celebration. Inspired by the island’s nature, guestrooms now have several upgrades and enhancements. “We are thrilled to officially unveil our newly renovated guestrooms just in time for the peak summer season,” said Bob Cosgrove, general manager of Sonesta Resort Hilton Head Island. “We are committed to providing exceptional accommodations

NASHVILLE—STR and Tourism Economics ​made slight adjustments to the 2024-25 U.S. hotel forecast released at the 16th Annual Hotel Data Conference. For 2024, projected gains in average daily rate (ADR) were downgraded 0.1 percentage points, while revenue per available room (RevPAR) was held steady at +2.0 percent year over year. Occupancy for the year was upgraded 0.2 percentage points, after the previous forecast projected a year-over-year decline in the metric. For 2025, the occupancy growth

CHICAGO—Hyatt Hotels Corporation reported second quarter 2024 results. Highlights include: Comparable system-wide hotels RevPAR increased 4.7 percent compared to the same period in 2023 Comparable system-wide all-inclusive resorts Net Package RevPAR increased 3.0 percent compared to the same period in 2023 Net Rooms Growth was approximately 4.6 percent Net Income was $359 million and Adjusted Net Income was $158 million Diluted EPS was $3.46 and Adjusted Diluted EPS was $1.53 Adjusted EBITDA was $307 million