Hospitality Net

HNtoday: Understanding the Current State of the U.S. Hotel Transaction Market

Hospitality Net sent this email to their subscribers on May 15, 2024.

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Hospitality Net Today Wednesday, 15 May Conrad Hotels & Resorts Debuts in Bahrain Opinion Articles UNDERSTANDING THE CURRENT STATE OF THE U.S. HOTEL TRANSACTION MARKET The hotel transaction market continues to face significant headwinds. Investors are still concerned about the prohibitive cost of debt, and with the chances of a summer rate cut from the Fed becoming slimmer, expensive debt may remain for the foreseeable future. by Eric Guerrero and Josh Williams HVS · Real Estate & Investment A DEEP DIVE INTO JAPAN’S HOTEL ADR GROWTH TRENDS Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand. by Kelsey Fenerty STR · Markets & Performance AI AND HUMAN INPUT: HOSPITALITY LEADER ANDREW RUBINACCI’S SHARES HIS RECIPE FOR REVENUE MANAGEMENT SUCCESS When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect—“I was a guinea pig,” he’ll say with a smile. by Alan Young Puzzle Partner Ltd. · Information Technology WHAT IT REALLY TAKES TO BOOK MORE GROUPS, MEETINGS, AND EVENTS THESE DAYS Today’s hotel and event salespeople work in completely different environments than most of their leaders experienced. Meeting and event booking sites have created a flood of leads, which can be overwhelming for those working in a sales role equipped and staffed for the era when leads came in by phone or website inquiry forms. by Doug Kennedy Kennedy Training Network (KTN) · Sales & Marketing MAXIMIZING RETURN ON EXPERIENCE (ROE) THROUGH DATA-DRIVEN MARKETING Many hotels collect guest data with the guest’s permission but how many truly use it effectively? by Don DeMarinis Agilysys · Property Technology HOTEL MARKETERS MUST LEARN TO SURVIVE WITHOUT THIRD-PARTY BROWSER COOKIES Me want cookie! Or at least Cookie Monster does, but do we or do we not want cookies? Or at least Cookie Monster does, but do we or do we not want cookies? by Mercedes Blanco The Hotels Network · Sales & Marketing WANT TO MAKE A POSITIVE IMPACT ON YOUR RESORT’S GUEST EXPERIENCE? INTRODUCE A DIGITAL MAP There’s a saying about maps: “You can’t use an old map to explore a new world.” And the current hotels and resorts space is a new world. by Adam Catterall Attractions.io · Property Technology 3 REASONS WHY HOTELIERS NEED A CDP THAT’S BUILT FOR OUR INDUSTRY Let’s face it: technology investments can be expensive. That’s why it’s so important for hoteliers to make sure you choose partners that will ultimately increase your bottom line and advance your mission to create amazing guest experiences. by Hospitality Net Stephens Revinate, Inc. · Sales & Marketing more Today's News FORTY-FIVE PERCENT OF THE HOTEL PROJECTS IN EUROPE’S TOTAL PIPELINE ARE UNDER CONSTRUCTION AT THE END OF Q1 2024 Lodging Econometrics (LE) has released its Q1 2024 Hotel Construction Pipeline Trend Report for Europe. Lodging Econometrics Lodging Econometrics Supply Construction A ‘TWO-NAME’ INDUSTRY: ERIC DANZIGER ON COMBINING THE HEART FOR HOSPITALITY WITH A HEAD FOR BUSINESS Newly retired hospitality icon Eric Danziger, who may be best remembered as the only CEO of Trump Hotels who wasn’t a Trump family member, recently spoke with LODGING about his career climb from Fairmont San Francisco bellman to CEO of Starwood Hotels, Wyndham Hotel Group, and, of course, Trump Hotels. Lodging Magazine Lodging Magazine Awards and Accolades PYRAMID GLOBAL HOSPITALITY ANNOUNCES NEW BRAND FOR WORKPLACE MANAGEMENT Pyramid Global Hospitality – the powerhouse hospitality company behind inspired collections like Benchmark Pyramid Luxury & Lifestyle and Hamilton Pyramid Europe – is pleased to announce the launch of their new brand, Hospitality@WORK, dedicated to creating and managing curated office communities. Pyramid Global Hospitality Pyramid Global Hospitality Innovation THE FUTURE OF WORK IS BRAND-LED HOSPITALITY As I sat across a video call interviewing Arian Lewis, one of the founders behind Kiln, a lifestyle-focused coworking brand, I couldn’t help but notice the perfectly curated room in the background behind him. Forbes Forbes Innovation ANDREW HILLS APPOINTED GENERAL MANAGER AT NOVOTEL SYDNEY DARLING SQUARE, AUSTRALIA Accor Sydney, Australia General Management AVI NIEGO APPOINTED GENERAL MANAGER AT WAYMORE’S GUEST HOUSE & CASUAL CLUB IN NASHVILLE - TN, USA PM Hotel Group Nashville, Tennessee, United States General Management PATRICK MILLER APPOINTED PRESIDENT AND CEO AT RIO HOTEL & CASINO IN LAS VEGAS - NV, USA Rio Hotel & Casino Las Vegas, Nevada, United States General Management FRANCESCO PANTALONE APPOINTED GENERAL MANAGER AT INTERCONTINENTAL THE RED SEA RESORT., SAUDI ARABIA IHG Red Sea, Saudi Arabia General Management DAVID CESARIO APPOINTED GENERAL MANAGER AT NAPLES GRANDE BEACH RESORT IN NAPLES - FL, USA Naples Grande Beach Resort Naples, Florida, United States General Management MARCO ARAUJO APPOINTED GENERAL MANAGER AT CONRAD KOH SAMUI, THAILAND Hilton Koh Samui, Thailand General Management IHG HOTELS & RESORTS EXPANDS PRESENCE IN NEPAL IHG Nepalgunj, Nepal IHG CROSS HOTELS & RESORTS LAUNCHES NEW LUMEN BRAND IN BANGKOK Cross Hotels & Resorts Krung Thep Maha Nakhon, Thailand Cross Hotels & Resorts EVERHOME SUITES DEBUTS FIRST HOTEL REFLECTING BRAND STANDARD PROTOTYPE IN NAMPA, IDAHO TO MEET GROWING DEMAND IN MARKET Choice Nampa, Idaho, United States Choice CLUB MED, ROYAL COURT AFFAIRS AND OMRAN GROUP TO DEVELOP CLUB MED MUSANDAM ON THE PERSIAN GULF Club Med Musandam Governorate, Oman Club Med CONRAD HOTELS & RESORTS DEBUTS IN BAHRAIN Hilton Manama, Bahrain Hilton TRIBUTE PORTFOLIO DEBUTS IN THE UNITED ARAB EMIRATES WITH THE FIRST COLLECTION AT JUMEIRAH VILLAGE CIRCLE, A TRIBUTE PORTFOLIO HOTEL Marriott Dubai, United Arab Emirates Marriott NEW EXTENDED STAY AMERICA OPENS IN FLORIDA Extended Stay Fort Myers, Florida, United States Extended Stay THE PLACE FIRENZE WELCOMES GUESTS TO THEIR REIMAGINED PROPERTY IN THE HEART OF FLORENCE, ITALY The Hospitality Experience Firenze, Italy The Hospitality Experience more Featured Event PHOCUSWRIGHT EUROPE Get ready to join the most influential travel leaders for pointed one-on-one conversations, critical debate, the next wave of innovation and the best networking in travel. Phocuswright Organized by Phocuswright Jun 10 – 12, 2024 more Today's Supplier News CLOUDBEDS AND CENDYN PARTNER TO ENHANCE HOTEL REVENUE AND GUEST EXPERIENCE Cloudbeds Cloudbeds Property Technology HOW TWIN FARMS LEVERAGES DATA TO REGULARLY ENGAGE ITS LOYAL GUESTS AND DRIVE DIRECT REVENUE Revinate, Inc. Revinate, Inc. Sales & Marketing EMAIL TACTICS GUARANTEED TO FILL YOUR HOTEL ROOMS Triptease Triptease Email marketing HOTEL REWARDS PROGRAMS ARE GOING GREENER, EXTENDING ACROSS BRANDS NEW REPORT FINDS iSeatz iSeatz Environment & Sustainability ACE PARKING AT PHOENIX AIRPORT CREDITS IDEAS IN HELPING MODERNIZE ITS REVENUE AND COMMERCIAL MANAGEMENT STRATEGIES IDeaS IDeaS Revenue Management SOJERN EXPANDS ITS GUEST EXPERIENCE SOLUTIONS TO EUROPE Sojern Sojern Travel Technology STAYNTOUCH PARTNERS WITH WOBY TO EMPOWER HOTELS WITH SEAMLESS IN-STAY DINING Stayntouch Stayntouch Information Technology SYDNEY HOTELS SAW IMPROVED PERFORMANCE IN APRIL STR STR Markets & Performance more    
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