LODGING Staff - 10 Minutes News for Hoteliers - Page 103

2 min

Infor Release Revenue Management Solution for Hospitality

📈 Infor announced its new AI-driven revenue management solution (RMS) for the hospitality sector in New York. The RMS features AI and machine learning algorithms to enhance pricing and revenue optimization for hoteliers. It offers personalized KPI access, granular pricing capabilities, a unified system adaptable to various property types, AI for opportunity-focused insights, role-specific interfaces, and data analysis powered by Infor’s data lake and hospitality-centric language model. The RMS supports manual, fully-automated, or semi-automated operations, providing real-time data streaming and continuous reforecasting.

6 min

Hyatt Hotels Corporation Reports Q4 and Full-Year 2024 Results

💰 Hyatt Hotels Corporation's 2024 full-year net income hit $1,296 million, with RevPAR growth of 4.6%. Q4 net income reached $56 million, with diluted EPS at $0.58 and adjusted at $0.42. Adjusted EBITDA for Q4 was $255 million, contributing to the annual $1,096 million. Net rooms saw a 7.8% growth, and shareholder returns exceeded $1.2 billion. The World of Hyatt loyalty program grew to approximately 54 million members. For 2025, the forecast includes 2-4% RevPAR growth, 6-7% net rooms growth, and a projected net income of $190-240 million.

1 min

CoStar: Super Bowl LIX Impacts Weekly Hotel Performance for New Orleans

🏨 In Arlington, Virginia, negative year-over-year hotel performance was reported through February 8, 2025. Occupancy decreased by 0.5% to 55.9%, ADR by 2.2% to $156.03, and RevPAR by 2.7% to $87.22. Notably, New Orleans saw the largest increases due to Super Bowl LIX, with occupancy up 13.6% to 74.2%, ADR up 107.1% to $485.52, and RevPAR up 135.2% to $360.46. Conversely, Las Vegas experienced the steepest declines from the previous year's Super Bowl LVIII period, with occupancy down 16.8% to 63.9%, ADR down 54.9% to $183.20, and RevPAR down 62.5% to $117.10.

6 min

Women in Lodging Nomination

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2 min

The Inn at Celebration Completes Renovation

🏠 Vision Hospitality Group unveiled The Inn at Celebration in 2022 after a multimillion-dollar renovation, joining the Autograph Collection Hotel Portfolio. Located in Celebration, Florida, the property features 115 renovated rooms, including 23 suites. The renovation, in partnership with Baskervill, introduced a new aesthetic and includes an expanded Lakeside Kitchen & Bar, a doubled fitness center, and approximately 7,500 square feet of event space. The Inn, previously known as Celebration Hotel, was renamed in November 2024.

2 min

Cendyn and Amadeus Index Shows Highest Overall Rating in Four Quarters

📈 Cendyn and Amadeus reported Q4 2024's Hospitality Group and Business Performance Index with a health metric of 108.2%, the highest in four quarters. Notable markets include Tampa (121.4%), Houston (120.6%), Miami (116.8%), NYC (112.0%), and Chicago (111.6%). Group performance in Houston reached 124.0%, while overall GDS grew by 112.3% with a 9.8% increase in room nights. Events volume hit 115.2%, and the average event size remained at 127 guests, using 3,410 square feet of space.

7 min

Wyndham Hotels & Resorts Reports Q4 and Full-Year 2024 Results

💸 Wyndham Hotels & Resorts reported year-end 2024 results with a 4% global system-wide room growth, including a record 68,700 new rooms. U.S. and global RevPAR increased by 5% in Q4 2024; full-year global RevPAR up 2%. Retention rate hit a record 95.7%. Development pipeline expanded by 5% to 252,000 rooms. Q4 adjusted EBITDA rose 9% to $168 million; full-year adjusted EBITDA grew 5% to $694 million. Shareholders saw $430 million returned through repurchases and dividends, with dividends expected to increase by 8% to $0.41 per share in Q1 2025.

2 min

This Week’s Comings & Goings

📆 Makeready appoints Edita Matic as VP of revenue/digital strategy and Dan Paradiso as VP of commercial strategy; Eric Gavin joins as president. Edwardian Hotels London names Declan Lott as VP of sales for North America after his 30-year tenure. Kinseth Hospitality Company promotes Matthew Robinson to corporate F&B director, started in 2014 as chef in Wichita. The Wilde Resort & Spa appoints Tobby Rau as GM with over 30 years of experience. Ascendant Capital Partners' Monterey Beach Hotel welcomes Brock Taylor as GM. Midnight Auteur appoints Frank Savoy as GM of Municipal Grand. The Wigwam's new resort VP of sales/marketing is Jason Bossenberry. The St. Regis Aspen Resort promotes Kim French to director of sales/marketing. Kimpton Claret Hotel names Iona Lee as F&B director. Fairmont Empress introduces Isabel Chung as executive chef, formerly at Fairmont Orchid. The Ritz-Carlton, Grand Cayman appoints Michele Tenzone as Blue's chef de cuisine. The Wall Street Hotel announces Prince A. Sanders as GM and Harrison Lipner as director of sales/marketing. Marriott International fills three B2B roles: Shannon Patterson (SVP, global sales), Andy Kauffman (chief commercial officer, US/Canada), and Gail Frazer (SVP, sales/distribution US/Canada). RMS names Adam Seskis as CEO.

3 min

Shatterproof Raises $2.1 Million During Annual Event at ALIS 2025

💸 Amanda Hite was honored with the 2025 Shatterproof Hospitality Hero Award by Shatterproof, a nonprofit organization, during the Americas Lodging Investment Summit (ALIS) in Los Angeles, California. She became the first woman and seventh recipient of the award. Hospitality executives raised $2.1 million for Shatterproof at the event. The hospitality industry has donated over $9.6 million to Shatterproof since 2016. Hospitality brands are pledging to adopt Shatterproof’s Just Five program and support the annual Walks to End Addiction Stigma.

1 min

Gulph Creek Hotels Opens Moxy Allentown Downtown

🏨 Gulph Creek Hotels launched Moxy Allentown Downtown in Allentown's Downtown West district, introducing a social-first hospitality experience focused on the city's entertainment heritage. The hotel features unique elements like a Zoltar fortune-telling machine, Tipsy the Tiger, and guestrooms with functional workspaces and rotary phones for bedtime stories. General Manager Adam Hluschak emphasizes its engaging atmosphere for travelers. The opening was marked by a ribbon-cutting ceremony with local leaders present.

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