LODGING Staff - 10 Minutes News for Hoteliers - Page 127

1 min

Royal Palm South Beach Miami Welcomes Pivot as Manager

🏠 Pivot, part of Davidson Hospitality Group, to manage the 393-room Royal Palm South Beach Miami, a Tribute Portfolio Resort, featuring two pools, a fitness center, five dining outlets, and nearly 8,000 square feet of event space. Comprehensive renovation planned for 2025. The group also operates 22 other properties in Florida, including the Key West Historic Inns and Eden Roc Miami Beach.

2 min

STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024

💰 In Nashville, STR and Tourism Economics downgraded the 2024 U.S. hotel forecast, with the ADR and RevPAR growth rates dropping to +1.5% and +1.4%, respectively. Occupancy decreased to 62.9%, a 0.1 percentage point drop. The 2025 forecast sees occupancy downgraded by 0.4 percentage points, with ADR and RevPAR growing by +1.6% and +1.8%. Despite fluctuating outlooks due to economic conditions, luxury hotels are expected to perform well, with GOP and EBITDA margins slightly improving year over year and nearing 2019 levels by 2025.

2 min

Extended Stay America Premier Suites – Asheville Opens

🏠 Extended Stay America Premier Suites in Asheville, North Carolina, developed by the TGC Group, announces opening. The 108-room, four-story hotel features WiFi, breakfast, cable, 24-hour fitness, pet area, and outdoor patio. Suites include kitchens with full-size appliances and workspaces. Located near I-40 and I-26, 12 miles from Asheville Regional Airport, close to local businesses and attractions like Biltmore Estates and Asheville Art Museum. TGC Group previously developed properties in Madison, Alabama, and McDonough, Georgia. Extended Stay America has doubled its franchise owners over the past year.

2 min

Hilton Garden Inn Cape Canaveral Celebrates Topping Out

🏖️ Hilton Garden Inn Cape Canaveral broke ground in March, scheduled to open in fall of 2025 by McKibbon Equities. Topping out ceremony celebrated, marking structural completion. Hotel to feature 156 guestrooms, 800 sq ft meeting space, and tiki-inspired restaurant. Amenities include fitness center, market, game room, outdoor pool, and social spaces. Managed by McKibbon Hospitality upon opening, with Certified General Contractors as the general contractor.

4 min

Marriott: Global Travelers Are Planning More Trips for 2025

🏖 Marriott Bonvoy's 2025 research involved 21,374 adults across Europe, Africa, and the Middle East, revealing that 42% plan more trips in 2025 compared to 2024, and 81% will travel the same amount. Forecasted are 2.3 domestic, 1.8 short-haul, and 1.4 long-haul holidays per person, totaling 5.5 holidays in 2025. Heritage holidays and "Bravecations" emerge as trends, with 36% having taken heritage trips, and 67% feeling braver on holiday. Use of AI for travel planning jumped from 26% to 41% in a year, with 72% considering environmental impact, up from 64%. Key accommodation factors are cleanliness (95%), price (92%), and location (91%); 65% prioritize sustainability, 47% pet-friendliness. “Getting a special price” motivates 52% of travelers for bookings, highlighting value-seeking behavior. Phil Andreopoulos of Marriott notes the strong travel desire and emerging trends like Bravecations, heritage holidays, savvy spending, AI travel planning, and sustainability.

2 min

voco hotels Debuts in Atlanta With The Darwin Hotel Conversion

🌆 voco hotels opened voco The Darwin Hotel in Atlanta, Georgia, marking its first property in the city. The 111-room hotel showcases a half-century legacy and includes eco-friendly amenities like plant-based products and recycled material bedding. For leisure, guests can access an onsite dog park, cocktail bar, and a restaurant with Atlanta's Alon’s Bakery pastries. The hotel offers electric bicycle rentals for exploring local attractions. HVMG manages the hotel, adding to their portfolio of over 100 nationwide properties. Launched in 2018, voco aims to have over 200 hotels open globally by 2028, following recent and upcoming openings in Tucson, Mexico City, Cincinnati, and Laguna Hills.

2 min

Choice Hotels Signs Two New SOAR Contracts

🚧 Choice Hotels International, Inc. expanded hotel ownership for underrepresented entrepreneurs via 17 SOAR contracts in 2021, with a WoodSpring Suites in Truth or Consequences, New Mexico (82-room, construction next year), and a Rodeway Inn in Effingham, Illinois (49-room, opened October). SOAR's 20-year history boasts 387 franchise agreements, averaging two contracts per month over the last five years, enhancing diverse ownership in the hospitality industry.

3 min

AHLA Releases Statement on H-2B Visa Expansion

🏨 The Department of Homeland Security will issue an additional 64,716 H-2B visas for FY 2025, expanding the cap beyond the standard 66,000. American Hotel & Lodging Association (AHLA) supports this, urging Congress for a needs-based visa system. AHLA endorses bills like the Closing the Workforce Gap Act of 2024 (H.R. 7574), the HIRE Act (H.R. 4708), and the Asylum Seeker Work Authorization Act (S.255/H.R.1325). AHLA Foundation focuses on workforce development, supporting programs for human trafficking survivors and Opportunity Youth.

2 min

CBRE: U.S. Hotel Performance Expected to Accelerate at Year End

📌 Dallas, Texas—U.S. hotel performance is projected to improve in Q4 2024 and continue into 2025 with a 0.5% increase in RevPAR growth, despite a downward revision from 1.2%. Occupancy is expected to decrease by 30 bps year-over-year while ADR is forecasted to rise by 0.7%. Q3 2024 saw a 0.1% dip in hotel demand, a 0.6% increase in supply, and a 0.8% decline in occupancy. CBRE predicts a 1% compound annual growth in supply over five years, below the 1.6% historical average, alongside a 2.6% GDP growth and 2.9% average inflation for 2024.

2 min

Choice Hotels Details Cambria Brand Growth With Three Openings

🏨 Choice Hotels International opened three Cambria Hotels in Imperial, California; Pigeon Forge, Tennessee; Spokane, Washington, and announced two groundbreakings for O’Fallon, Missouri and Bend, Oregon. The company added 18 Cambria properties in two years and has 62 in the pipeline, including a New York Times Square location opening in 2025. Their upscale portfolio expanded with the acquisition of Radisson Americas Hotels Americas in 2022. Newly opened hotels feature amenities like meeting spaces ranging from 738 to 2,050 square feet and on-site dining. Upcoming properties in Missouri and Oregon, opening in 2026, will offer 118 and 131 rooms respectively.

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