The Latest
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Valencia Hotel Group makes college town play with Texas acquisitions
The two boutique College Station deals come as more hotel players eye growth opportunities in “stable” university-supported markets across the U.S.
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Marriott aims to build loyalty with branded residential growth
The hotel company launched an owner recognition program as its branded residential portfolio and pipeline see significant expansion.
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Screenshot: Google Maps
Hotel industry reacts to NLRB joint-employer rule appeal withdrawal
AHLA, which has been fighting the rule for months, called the NLRB’s latest move a “win” for hoteliers.
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Opinion
How hotels can leverage AI to boost brand awareness
Technology can help hotels glean important data from their online content, but hotel marketers need to keep ethics at the forefront.
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JRK Property Holdings acquires La Jolla Hilton for $165M
California’s Hilton La Jolla Torrey Pines benefits from strong leisure demand and a growing life sciences sector, per JRK’s head of hotel investment.
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Hyatt reportedly in talks to acquire Standard International
Hyatt is pursuing the global boutique operator for a deal that could boost its global footprint and loyalty program, according to Bloomberg.
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US hotel construction activity hits 2024 peak: STR
In June, the volume of U.S. hotel rooms under construction was the highest it’s been since February 2023, according to data from CoStar.
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IHG unveils low carbon program, targets energy efficiency in hotels
The company called the initiative an “industry first” and said it would help it “test, learn and share findings on sustainability measures.”
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Corporate travel spend is up this year: Deloitte
A vast majority of business travelers enjoy the experience, but higher prices continue to impact their plans, according to a new report.
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Deep Dive // Hot Markets
Market Spotlight: Phoenix
Sports tourism and a flourishing manufacturing sector are driving hotel performance gains as well as investor and developer activity in the metro area.
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Retrieved from 1 Hotels on July 18, 2024
Host Hotels & Resorts acquires 1 Hotel Central Park from Starwood
A Starwood spokesperson said the Manhattan asset traded for $265 million, a hotel deal that follows others between the buyer and seller in Nashville and Miami Beach, Florida.
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Retrieved from Coury Hospitality on June 02, 2023
Coury launches hospitality management company aimed at core brands
The new venture, Concert Hospitality, will allow Coury Holdings to manage “a more diverse range of investments,” according to CEO Paul Coury.
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FTC takes aim at undisclosed franchising fees
The agency also said policies that keep franchisees from reporting potentially illegal business practices to regulators are against the law.
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US lodging prices fell in June
Prices across economic sectors are easing, with travel costs leading the way, according to the U.S. Travel Association’s monthly Travel Price Index.
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Luxury led lower-tier segments for guest satisfaction: J.D. Power
Despite higher ADRs, upper-tier hotels fared better for guest satisfaction than limited-service properties, which should focus on renovations to boost ratings.
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$2.5B tower completed in Times Square
The 47-story building houses the first-ever Tempo by Hilton hotel, which opened last summer, as the NYC neighborhood sees strong hotel demand.
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Hotel restaurants use storytelling, immersive experiences to draw repeat guests
Successful concepts center narratives, offer signature experiences and are well-attuned to changing customer tastes, experts say.
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Bally’s changes hotel plans at 30-acre Chicago casino project
The 500-key tower will move to the southern end of the development and be completed in a single phase.
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JW Marriott brand expands amid company’s luxury push
With JW Marriott hotels underway in Reston, Virginia, and downtown Detroit, Marriott continues to make the luxury segment a “top priority.”
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Retrieved from Marriott Bonvoy on July 12, 2024
Marriott opens dual-brand hotel in Colorado
With the combination SpringHill Suites and TownePlace Suites, Marriott joins a growing list of hotel companies betting on the dual-brand concept.
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Wyndham opens first Echo Suites, plots extended stay growth
The Spartanburg, South Carolina, hotel will be followed by other brand openings this year, as Wyndham looks to capitalize on increased demand generated by infrastructure projects.
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Sports tourism drives meetings growth in Las Vegas: report
The sports entertainment category isn’t just driving leisure tourism. It’s also boosting meetings travel for events related to the industry, according to Knowland.
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Hilton opens dual-branded resort in South Carolina
The hotel company is “expanding its multi-brand footprint” with The Ellie Beach Resort Myrtle Beach and DoubleTree Resort by Hilton.
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400 Small Luxury Hotels now available on Hilton’s platforms
The partnership boosts Hilton’s luxury offerings as the segment grows.
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Extended stay brand LivAway Suites expands in Maine, Utah
The growing flag will open in areas with notable job growth, as employees lean on extended stay hotels for temporary housing.