LODGING Staff - 10 Minutes News for Hoteliers - Page 108

2 min

CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

📈 At the Americas Lodging Investment Summit (ALIS), CoStar and Tourism Economics slightly adjusted the U.S. hotel forecast for 2025, maintaining the average daily rate (ADR) growth at +1.6% and revenue per available room (RevPAR) at +1.8%. Occupancy projections increased slightly to 63.1%. Economic factors such as low unemployment, reduced inflation, consumer spending, and solid business investment create a favorable travel environment, despite potential risks from Trump Administration policies. Forecasted stabilized labor costs and slight TRevPAR growth may improve profit margins, with F&B departments expected to see high growth rates.

2 min

AHLA Foundation Raises Over $1,000,000 at Night of a Thousand Stars Fundraising Gala

🏡 In Los Angeles, California, the AHLA Foundation's Night of a Thousand Stars gala raised over $1,000,000 with 400+ industry leaders at the Beverly Hilton. The event included $10,000 pledged by AHLA for wildfire relief in LA, with a match of up to $25,000 for member donations. Awards were given to hospitality professionals under 30, students, women in leadership, and the lodging employee of the year. Notable support came from a $100,000 donation by Jon and Ellen Bortz.

2 min

CBRE Survey Finds Additional Capital Will Be Allocated to U.S. Hotels in 2025

🏦 In 2025, 94% of investors plan to maintain or expand U.S. hotel portfolios, compared to 85% in 2024. Only 6% consider reducing allocations, down from 16% the previous year. New York City, San Francisco, and Dallas are the top three markets for hotel investment. More than 75% of investors favor value-add strategies, with a preference for full-service hotels (58%) and upper-upscale (52%) and luxury segments (30%). Challenges include high capital and labor costs, but competition from alternative lodging is a minor concern (3%).

3 min

JLL Outlook Projects Increase in Global Hotel Investment Volume

📈 JLL's forecast shows a 15-25% rise in global hotel investment volume in 2025 compared to 2024. In 2024, global hotel investment volume was $57.3 billion, up 7% from 2023 but 17% below historical levels. Global hotel demand hit 4.8 billion room nights through November, with RevPAR growth at 4%. Private equity was the top hotel buyer, with increased activity from high-net-worth individuals, REITs, and newcomers. The luxury and select-service sectors are likely to be favored in 2025. Key future trends include a focus on lifestyle hotels, the growth of branded residences, emerging markets like India and Saudi Arabia, and the strategic use of AI in hotel operations.

2 min

Atrium Hospitality Rounds Out 2024 With More Than 500 Internal Promotions and New Hires

🏨 In Alpharetta, Georgia, Atrium Hospitality managed 75 hotels with over 500 management-level internal promotions and new hires in 2024. The company operates 19,000 guest rooms/suites and 2.8 million square feet of event space across 26 states. Internal promotions rose to 40% in 2024 from 35% in 2023, with 83% for on-property roles. External hires accounted for 60%, with 88% supporting on-property positions. Atrium launched specialized leadership schools and the WomenRISE program in 2024, with nine participants.

2 min

Aimbridge Details Portfolio Expansion and Integrated Platforms From 2024

📌 Aimbridge Hospitality experienced transformation in 2024, enhancing its leadership, company culture, and commitment to owners. New properties added include TRIBE Manchester Airport (UK), Bloom Tulum (Mexico), Twickenham Stadium Hotel (London), and Ace Hotel & Swim Club Palm Springs (California). Aimbridge now manages Hilton Buena Park Anaheim, Courtyard Culver City Los Angeles, and Wyndham Garden Mazatlán Marina. They launched Aimbridge Intelligence and introduced Aimbridge Commercial to unify sales, marketing, and revenue management for increased profitability and owner revenue.

2 min

Choice Hotels Partners With Bridge to Give Its Hoteliers Access to Financing Solutions

💰 Choice Hotels International, Inc. partnered with digital platform Bridge for financing solutions, enabling hotel owners to compare rates and terms from over 100 lenders. The service offers various loan options, and emphasizes support for entrepreneurs under the SOAR program. Dominic Dragisich, executive vice president of Choice, and Rohit Mathur, CEO of Bridge, highlighted the benefits of streamlined access to capital and comprehensive deal analysis for developers.

2 min

Coury Holdings Secures Nine Hotel Management Agreements in California

🏨 Coury Holdings expanded in California with nine new hotel management agreements, appointing Bo Patel as COO to lead West Coast operations. Patel brings over 20 years of experience in hospitality, previously co-founding Evolution Hospitality. The expansion includes the Hilton Garden Inn, Hampton Inn, Homewood Suites in San Diego totaling 726 rooms, and the DoubleTree Palm Springs with 289 rooms. Coury's lifestyle division added four new properties in Sunnyvale and Palo Alto, enhancing their Western Region footprint.

1 min

Pyramid Global Hospitality Reflects on Portfolio Growth and Acquisitions

📌 Pyramid Global Hospitality experienced significant growth in 2024, with expansion efforts including a merger with Axiom Hospitality in November, adding 30 properties in Europe and the UK. In the US, their portfolio grew with prestigious additions like the Arizona Biltmore in Phoenix, Chatham Bars Inn in Massachusetts, and Naples Grande Beach Resort in Florida. Additionally, Pyramid launched PYRAMIDWORKS in July 2024 to offer workplace management expertise. CEO Warren Fields highlighted the company's commitment to growth and corporate culture.

2 min

The Squire at Grand Canyon Transitions Into Holiday Inn Brand

🏖 Delaware North transitioned its Squire Resort at the Grand Canyon to The Squire at Grand Canyon, a Holiday Inn Resort, joining the IHG Hotels & Resorts brand. Located in Tusayan, Arizona, The Squire is now one of three Delaware North properties under IHG, alongside Holiday Inn Estes Park in Colorado and Holiday Inn West Yellowstone in Montana. The Squire features 322 rooms, multiple dining options, resort-style pools, a fitness center, and a bowling and arcade area. The resort is a two-minute drive from the South Rim entrance of the Grand Canyon National Park.

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