Hotel Development Trend - Office Buildings Convert to New Hotels

Overcash Demmitt Architects Predicts Continued Growth in this Area

Meetings & Events Forecast Shows Steady Growth For 2019

Meetings industry has achieved consistent growth in spend and attendees for the fourth consecutive year, solidifying its value as a business enabler

Ritz-Carlton's Antonia Hock Named to 2019 Luxury Daily Top 25 Women to Watch List

Luxury Daily has named Antonia Hock, Vice President of The Ritz-Carlton Leadership Center, to its 2019 Top 25 Women to Watch in Luxury list. Luxury Daily annually honors select women executives who show the potential to make a difference in the luxury business in the year ahead.

New Luxury Resort Featuring Tented Villas to Open This December in Myanmar's Mergui Archipelago

Owned by the Yangon-based Memories Group, the newly constructed property on the secluded island of Pila will feature 24 air-conditioned tented villas fronting a white-sand beach, an open-air restaurant, and spa.

HVS Report - Equity Yield Rates on the Decline - By J. Carter Allen and Rodney G. Clough

HVS continually tracks the rates of return on the assets that we consult on. In our most recent review, we found that equity yield rates, on average, have been declining, due in part to the expectation of slowing EBITDA Less Replacement Reserve growth. The sample size of available data is also a contributing factor.

Five Tips for a Successful Cyber Monday Campaign - By Victoria Hsia

It’s no secret: Cyber Monday is a huge opportunity for hoteliers to drive bookings. What began as a one-day online shopping holiday has, over the years, extended into Black Friday and Thanksgiving, with some brands promoting deals even earlier. As a result, consumers aren’t just searching for deals earlier, they’re also making more purchases over a longer period of time. According to Adobe Analytics, American consumers spent $19.62 billion online between Thanksgiving and Cyber Monday in 2017, a 15% increase year over year.

Hotel Industry News

290 Room Crowne Plaza Melbourne Oceanfront in Melbourne, Florida Sold
October, 18 2018
Driftwood Acquisitions and Development (DAD) today announced its purchase of the 290-room Crowne Plaza Melbourne Oceanfront in Melbourne, Florida. The hotel recently completed a full renovation that addressed areas impacted by Hurricane Irma. The hotel will be managed by Driftwood Hospitality Management (DHM). continue reading →

Suppliers Divert Leather from Landfills, Create Long-Lasting, Design-Friendly Pieces - By Glenn Hasek
October, 18 2018
Increasingly, companies serving the hotel industry have been promoting their leather as a green product. How can that be? Green Lodging News examined 10 leather companies to determine exactly what makes their products sustainable. In all cases it came down to how long leather lasts, how leather is processed and how leather scraps are repurposed. continue reading →