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Hotel performance growth to decelerate into 2024: PwC
Economic headwinds and geopolitical tensions are having a “downward impact” on hotel performance, which will continue through year-end and into 2024, PwC forecasts.
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Vegas averts hospitality worker strike
Wynn Resorts reached a tentative deal with the Culinary Union, ending labor disputes at all three resort operators with strike deadlines.
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Wynn Resorts expects all-time revenue record from F1’s Grand Prix
Wynn posted significant performance gains in the third quarter, which CEO Craig Billings attributed to "frenetic" activity at Wynn Las Vegas.
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MGM Resorts reaches tentative agreement with Culinary Union
With the deal, the resort operator avoids strikes at eight Vegas properties.
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MGM Resorts’ Vegas properties take revenue hit in wake of cybersecurity attack
A social engineering attack on MGM in September impacted the company’s third-quarter earnings, but its CEO expects upcoming events in Las Vegas to bring growth.
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Deep Dive // Hot Markets
Market Spotlight: Dallas-Fort Worth
Experts say rising leisure and business travel demand is driving record performance growth and development activity in the metropolitan area.
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Las Vegas Culinary Union reaches tentative agreement with Caesars to prevent strike
The deal would cover approximately 10,000 hospitality workers across nine properties on the Strip.
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Choice Hotels leadership still ‘confident’ Wyndham deal will go through
Choice CEO Patrick Pacious said the company’s integration of Radisson Americas, including third-quarter synergies from the deal, indicates a Choice-Wyndham merger could be successful.
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Retrieved from BEI Hotel on November 08, 2023
Workers at San Francisco hotel vote to strike after cafeteria food made them sick
Some 96% of workers at BEI Hotel San Francisco authorized walkouts after outsourced cafeteria food made workers ill.
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Retrieved from Bluegreen Vacations on November 07, 2023
Hilton Grand Vacations acquires Bluegreen Vacations for $1.5B
The deal adds 14 markets and eight states to Hilton Grand Vacations’ portfolio.
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3 Oklahoma resort projects to watch
Massive hospitality developments are coming to the Sooner State.
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Retrieved from Hilton West Palm Beach on November 06, 2023
Hilton unveils $25M renovation in West Palm Beach
The Hilton West Palm Beach revamp is one of several planned for the area, which has a $1 billion development pipeline.
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Retrieved from Dollywood Parks & Resorts on November 06, 2023
Dolly Parton’s Dollywood theme park opens second resort
HeartSong Lodge & Resort features experiential amenities as well as meetings and events space.
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Retrieved from Choice Hotels International on November 03, 2023
Choice expands in upscale segment with Cambria openings, groundbreakings
The new hotels signal further growth for the Cambria brand, which has forayed into several new markets this year, solidifying its standing among upscale competitors.
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Union pulls ballot measure that would require LA hotels to house homeless people
The Los Angeles City Council struck a deal with Unite Here Local 11 that would make offering rooms to homeless people voluntary for hotels, as well as prohibit developments from destroying housing.
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Retrieved from Hyatt on September 20, 2023
Hyatt’s development pipeline hits record levels amid luxury push
Hyatt posted revenue and development growth in the third quarter, driven by “robust demand for travel around the globe,” the company’s CEO said.
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5 ways ‘junk fee’ legislation is impacting hotels
Though hoteliers disagree over whether “resort fees” are excessive, a growing consensus has emerged around the idea that hotels should be transparent about them.
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How hoteliers can hire and train workers for the busy holiday season
Hospitality staffing experts share need-to-know tips for hotel managers to attract and retain workers amid the influx of holiday guests.
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Marriott pushes midscale expansion, raises RevPAR growth guidance
Robust international travel demand continued to drive revenues and development growth for Marriott in the third quarter, bringing its global pipeline to a record high.
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Hilton opens 1,060-room hotel in Boston’s Back Bay
CEO Chris Nassetta previously teased the opening in Hilton’s third-quarter earnings call, citing it as an example of the company’s strength in conversions.
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Caesars posts record EBITDA, notes strong travel demand in Las Vegas
Despite challenges in the third quarter of this year, Caesars saw performance growth across all operating segments, with Las Vegas benefiting from increased tourism.
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US hotel construction pipeline rises 7%
Upper midscale and extended stay projects dominate as lodging projects hit record highs in cities like Dallas and Atlanta, according to a new report.
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Retrieved from Tommy Bahama Miramonte Resort & Spa on November 01, 2023
Clothing brand Tommy Bahama opens first resort
Tommy Bahama Miramonte Resort & Spa is one of a growing number of hotels operated by fashion and lifestyle brands.
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Global business travel at near-full recovery, though challenges persist
More industry professionals traveled for in-person meetings and conferences this year than last, but tight travel budgets remain a barrier, a GBTA poll shows.
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Hotel Tech-in: Software that reunites guests with missing belongings
In the age of “revenge travel,” guests are leaving more and more items behind at hotels. One company has a solution.